Indicator that shows entry points. Works on every pair and timeframe. It shows the arrows for longs and for shorts. Risk settings are adjustable. Not repainting after candle closed. Now you can filter your signals using 3 adjustable moving averages. Also there are new built-in crossover signals and stochastic settings.
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Settings:
Risk - long/short period calculation. Do not touch, default settings are pretty good enough.
Show hidden - show/hide unfiltered signals.
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Moving average settings:
MA direction - Moving Average position to signal candle close price.
MA distance - minimum distance in points from Moving Avarage to signal candle close price.
MA type - Moving Avarage type
MA period - Moving Avarage period
Crossover distance - distance when fast MA cross slow MA
Strategy example #1
Wait for Stoch oversold or overbought arrow appear. Then open the position on next signal .
Strategy example #2
Wait for Stoch oversold or overbought arrow appear. Then open the position on next signal with colored/gray arrow only.
Strategy example #3
Open the position only on colored arrows / Crossover dot.
The signal come higher 3rd (slow) MA for long or lower 3rd (slow) MA for short. You can adjust MA, Stoch and Risk settings of the indicator. Also you can create different settings for MA for longs and for shorts.
Latest version 6.0 has an ability to place colored dots on MA crossover.
So strategies can be expanded to Stoch + Arrow + Crossover (d0t). Or you can use only crossover signals.
