Forex slope direction line indicator. Download Slope Direction Line – indicator for MetaTrader 5- mtnmaven.com

Forex slope direction line indicator

MT4 BO Strategy Template: Parabolic SAR + Slope Direction Line V.2

Forex slope direction line indicator. I started an EA using the indicator Slope Direction Line Modified. mtnmaven.com mtnmaven.com4. Test on EURUSD M5, M15, M30 and H1 but not opened any order. It takes a lot to open a new bar. /Trade Only Bar Opening. if(Volume[0]>1  Slope Direction Line - Moving Average, MA - General.

Forex slope direction line indicator


The slope direction line forex trading strategy is designed to detect the current trend in the market and as such trade signals are generated to reflect this. The strategy combines 3 simple forex indicators. Stop Loss for Long Entry: Stop Loss for Sell Entry: The Slope Direction Line custom indicator is a trend indicator that is built on the foundation of the Moving Average and buy or sell signals are issued in line with the indicators position in relation to the price bars, as well as the color change.

We decided to disregard the arrow signal due to the hybrid nature in which we deployed the strategy for this trading system. Currently you have JavaScript disabled.

In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Click here for instructions on how to enable JavaScript in your browser. What are you waiting for? Start making pips today:. Chart Setup MetaTrader4 Indicators: Buy Example click the image for full size: The following conditions will suffice for a buy entry: The green line of the slope direction line custom indicator crosses the red line of the stepupdown custom indicator upward.

The lime color of the Slope Direction Line custom indicator defines a bullish signal in itself. The color of the Slope Direction Line custom indicator changes to blue and is aligned above the price bars, a signal that an existing trend is about to fade away and as such an exit is advised.

Watch out for the first bearish candle formation below the Slope Direction Line custom indicator, as an indication of an exit.

The orange or tomato colored histogram forms below the 0. Sell Entry Rules Initiate a sell entry when the following conditions are in place: The blue line of the Slope Direction Line custom indicator crosses the red line of the stepupdown custom indicator downward, indicating that price is heading bearish. When the orange or tomato colored histograms forms below the 0. Look out for the first bullish candle that will form above the Slope Direction Line custom indicator, even so the reversal signal become stronger if the bullish candle is formed above the lime colored slope direction line custom indicator.

About The Trading Indicators The Slope Direction Line custom indicator is a trend indicator that is built on the foundation of the Moving Average and buy or sell signals are issued in line with the indicators position in relation to the price bars, as well as the color change. Click Here to Leave a Comment Below 0 comments.

Start making pips today: We always respect your privacy at Dolphintrader.


More...

256 257 258 259 260