Doda Donchian Indicator
A modificated version of the well known turtle indicator with very simple rules to buy and sell currencies. Works with all currency pairs and timeframe’s. The indicator contains an automated suggested stop-loss for long and short trades.
BUY: Price breaks and closes above the red line.
SELL: Price breaks and closes below the red line.
TRAIL: Trail stop-loss a few pips above/below the red line.
EUR/USD Daily Chart Example
- Download:Doda-Donchian.ex4 7 Kb
Here’s another more useful version of the standard MACD indicator. The realMACD indicator plots two additional lines (blue and red) in a separated window below the main chart. The indicator also draws the default histogram bars. General Assumptions Bullish Trend: Histogram above 0.00 and both blue and red lines above 0.00Bearish Trend: Histogram below 0.00 and both blue and red lines below 0.00Flat Trend: Histogram above 0.00 and both blue and red lines below 0.00 OR histogram below 0.00 and both blue and red lines above 0.00 Trading Signals BUY: Blue line has crossed up the red line.SELL: Red line has crossed down the blue line. Use in combination with trending indicators/tools. Configurable Indicator Options FastMAPeriod, SlowMAPeriod, SignalMAPeriod AUD/USD 4 Hour Chart Example
Please share this indicator, this is good to use for scanning all instruments for potential entries.Determine Trend Wave Extreme ElementsThis indicator will display what the signal of 17 strategically used indicator is (Up/Down/Neutral) in order to determine their strength and direction .Trend: The symbol's long term direction. Your trades should follow the direction. Wave: The symbol's short term direction or momentum. To be used as a confirmation for entering trades. If Trend and Wave are opposite direction you should likely wait prior to entering the trade. Extremes:Shows if a symbol is Overbought/Oversold and if the Trend is likely to end. As a general rule you should avoid buying Overbought symbols or selling Oversold symbols as it means you have entered the trade too late. Instead you should aim on buying Oversold symbols or selling Overbought symbols
Here is another gift for you all there, paid version, don't miss it now: Download and pic: