Bars Deflection
- Indicators
- Victor Golovkov
- Version: 1.0
- Activations: 10
The Bars Deflection trend indicator can be used with any trading pair and on any time frame. With this indicator it is impossible to miss the beginning of a trend.
Use Bars Deflection as a standalone strategy or as an addition to yours.
Signal arrows appear on the chart at the moment the bar opens and are located at the breakout level of the reverse movement. Thus, the arrows not only indicate the possible direction of movement of the quote, but also act as levels for analyzing the placement of stop orders. The arrows do not disappear or redraw.
The indicator provides two signal display modes:
- Signal arrow only on the first bar of the trend (interleaving filter: true)
- Signal arrow on each trend bar (interleaving filter: false)
- Number of monitored bars (Bars)*
- Deflection coefficient (Deflection)*
Good indicator and author is very responsive to changes and updates.