LandOfCash Forex expert advisors, Trailing EA, Indicators.

Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.

LOCTrailing With Partial Close Expert Advisor protect your orders profit. Trail stop level for manual and automatic orders with different algorithms, move stop loss into breakeven. Order now for only $129.95

LOCInfo Custom Indicator follow the simple rules and make the right decision when to buy or sell. View Moving Average, Stochastic indicators from multiple time frames in one place. Download now for FREE!

Welcome Guest! To enable all features please Login or Register.



Go to last post Go to first unread
#1 Posted : Thursday, March 16, 2017 2:21:51 AM(UTC)

Rank: Advanced Member

Groups: Registered
Joined: 5/22/2016(UTC)
Posts: 39

The BuySell indicator is a simple yet powerful VertexFX client side script that identifies powerful trends. It is based on Moving Average (MA) and Average True Range (ATR), and is primarily used as a signal for trend-following systems.
Moving Average is a useful indicator that provides feedback about the trend and its direction. A rising Moving Average implies a bullish trend, whereas a falling Moving Average implies a bearish trend. The Average True Range determines the strength of the trend and its movement. A gradually increasing Average True Range implies a strong trend (which can either be bullish or bearish), whereas a falling Average True Range implies exhaustion or sideways movement. By combining these two indicators the BuySell indicator identifies profitable trend-following opportunities.
In the first step, we calculate the Moving Average based upon the user input configuration – namely MA_METHOD,MA_PERIOD, and MA_PRICE. In the second step we calculate the Average True Range based on the ATR_PERIOD parameter.
As mentioned earlier, a rising Moving Average implies an uptrend and a falling Moving Average implies a downtrend. When the Moving Average is rising, the Average True Range is subtracted from the Moving Average to calculate the BULLISH trailing level (RED line). This level is used as a trailing stop for BUY trades.
Likewise, when the Moving Average is falling, the Average True Range is added to the Moving Average to calculate the BEARISH trailing level (BLUE line). This level is used as trailing stop for SELL trades.
This indicator has four components – blue circles, blue dots, red circles and red dots. It is primarily used in a stop-and-reverse (SAR) trading mechanism.
File Attachment(s): (3kb) downloaded 5 time(s).

You cannot view/download attachments. Try to login or register.
Rss Feed  Atom Feed
Users browsing this topic
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.