This indicator represents confirmation of a trend based on the PSAR indicator and includes signals from the MACD, stochastic oscillator, and awesome oscillator. It displays the points of the parabolic SAR on the chart, which help determine the direction of the trend. Additionally, the indicator allows for tracking signals based on the combined analysis of three other technical indicators: MACD, stochastic oscillator, and awesome oscillator. Furthermore, the indicator includes the ability to display buy/sell labels and signals for changing the trend direction. This is not an investment recommendation.Very effective in higher timeframes.If the MACD "macd line" crosses the "signal line" from above and the Stochastic %K line crosses the %D line from above, and the last column in the Avesome Oscillator is red, then the indicator gives a signal to sell. If the MACD "macd line" crosses the "signal line" from below and the Stochastic %K line crosses the %D line from below, and the last column in the Avesome Oscillator is green, then the indicator gives a signal to buy.
Versionshinweise
⋅
This indicator signals a trend reversal, so each signal needs to be carefully verified. It provides a good signal when levels are broken, during retests, and on pullbacks.
Versionshinweise
⋅
Fixed some bugs
Versionshinweise
⋅
The 3-EMA Breakout System add-on
So, let's look at examples of opening trades based on signals from The 3-EMA Breakout System:
We apply 3 EMA indicators to the price chart. They should be of different colors for convenience. For the first EMA, we set a period of 21 and a shift of -2 (blue). For the second EMA, we set a period of 14 and a shift of -3 (red). For the third EMA, we set a period of 9 and a shift of -4 (green). Thus, the blue EMA will be the slowest, and when it is crossed by other faster EMAs, we will receive signals to open trades. A sell signal occurs when the green EMA crosses the red EMA from top to bottom, and together they cross the blue EMA from top to bottom (Sell 1,3,5). A buy signal occurs when the green EMA crosses the red EMA from bottom to top, and together they cross the blue EMA from bottom to top (Buy 2,4). The system does not have fixed levels for Take Profit and Stop Loss orders, and it is necessary to exit trades based on the actual situation. A trade should be closed with profit or loss when the green and red EMAs cross again after the trade is opened.
As you can see, this Forex trading system is also quite simple. The simplest averaging indicator provides clear and understandable signals with a ratio of profitable and losing trades of about 70/30.
The testing results showed that if this indicator gives the correct signal and the price moves for a few candles and the signal line ends, with a greater probability, it is a significant area and the price will almost immediately move in the opposite direction.
MargD
⋅
Looks great, thank you x
Qodirjon
⋅
@MargD, Thank you too, but I haven't tested it yet, although I think it turned out to be a decent indicator.