Volty Channel StopV2 Metatrader 4 Indicator
The Volty Channel indicator is a trend following leading indicator for Metatrader 4. It draws blue and red dots above/below the currency price. A red dot means a sell opportunity while a blue dot means a buy opportunity.
Stop Loss Placement
A stop loss will be placed a few pips above the red dot for sell trades. On the contrary, a stop loss will be placed a few pips below the red dots for buy trades. Use a trailing stop to protect your profits.
EUR/USD Daily Chart Example
- Download:VoltyChannel_Stop_v2.1M.ex4 8 Kb
TRIX is known as Triple Exponential Moving Average and is based on a 1-day difference of the triple EMA. The indicator was developed by Jack Hutson in 1980s. TRIX is a remarkable trend following-indicator: its main advantage over the similar indicators lies in its ability to filter a large portion of the market noise. TRIX eliminates short-term cycles (the cycles shorter than the selected TRIX period) which may interfere with trading by signaling about minor changes in market direction. Trading with TRIX indicator TRIX oscillates around zero, which allows traders to follow trend directions. TRIX reading above zero suggests an uptrend, while reading below - a downtrend. While above zero a rising TRIX line suggests acceleration higher while a declining line - still an upward move but at a slower pace, or a beginning of a reversal. Opposite true for the downtrend. Trading crossover signals The default & common value for TRIX is 14 period.An additional signal line is added to TRIX to help trade TRIX crossovers. To make TRIX react faster to changes in a trend, we recommend using TRIX period = 12, with the signal line = 4. TRIX divergence TRIX divergence is similar to trading with MACD divergence: where on the chart higher highs in an uptrend (or lower lows in a downtrend) are not confirmed by TRIX. If you'd like to have an additional reversal confirmation, wait till TRIX crosses its zero line. TRIX and breakouts TRIX's indicator position in relation to its zero line helps to anticipate directions of breakouts:1. Trading range breakouts during the trend - whipsaws and real breakouts.2. Trend line breakouts. Despite the versatility and accuracy of the TRIX indicator when it comes to filtering out market noise, it is still recommended to pay attention to other indicators and signals that can help to improve trading performance. TRIX Formula The TRIX is calculated as follows: The default & common value for TRIX is 14 period. Step 1. EMA #1: calculate a 14-period exponential moving average of today's closing priceStep 2. EMA #2: calculate a 14-period exponential moving average of EMA #1Step 3. EMA #3: calculate a 14-period exponential moving average of EMA #2Step 4. TRIX = ( EMA #3 of today - EMA #3 from yesterday ) / EMA #3 from yesterday.This will give a percentage value to be used for building TRIX indicator graph.
The Sadukey indicator is another trend following indicator developed for the Metatrader 4 platform. Red dots indicate an uptrending market. Blue dots indicate a downtrending market. Use in conjunction with other technical analysis tools to create a complete forex trading system. Stop Loss PlacementA stop loss will be placed a few pips above the first blue dot for sell trades. On the contrary, a stop loss will be placed a few pips below the first red dot for buy trades. Trail your stop 1 pip below the red dots for buy trades. Trail your stop 1 above the blue dots for sell trades. EUR/USD Daily Chart Example
A buy and sell correlation signals forex indicator based on the cross-over of two lines. Feel free to experiment with the slow and fast period to optimize the results for you. Trading Signals Buy: Blue arrow (red line crosses the green line from below) Sell: Yellow arrow (red line crosses the green line from above) Tips: – Uptrend: trade the blue arrows, ignore the yellow arrows– Downtrend: trade the yellow arrows, ignore the blue arrows– Range: use in conjunction with support and resistance Indicator Preferences Currency pairs: anyPreferred Time frames: anySessions: any Configurable Indicator Options PCPeriod_fast, PCPeriod_slow, SmPeriod_fast, SmPeriod_slow, colors EUR/USD 1 Hour Chart Example