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ObieTrader

ObieTrader os a short term signals indicator. It is used for intraday trading. ObieTrader identifies the short term trend using Williams percent R indicator and average true range. When a short term trend is confirmed by the indicator, it plots semaphores on the bar to show the trend. Bars with red dots indicate downtrend and bars with blue dots indicate uptrend.

When a trend is identified, open positions in the direction of the trend. When red circles appear open short position. When blue circles (dots) appear open long position.

It is more effective when coupled with other indicators. A moving average can be used as a trend filter. Set the moving average period to medium term or long term like 50 or 100.

note:

better results if you wait the dot to appear and wait the candle to close then open the position

note

works on all timeframes but i personally prefer using this indicator with smaller ones.

works on all currencies

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5 (4)
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The Price Action Finder Multi indicator is an indicator of entry points that searches for and displays Price Action system patterns on dozens of trading instruments and on all standard time frames: (m1, m5, m15, m30, H1, H4, D1, Wk, Mn). The indicator places the found patterns in a table at the bottom of the screen. By clicking on the pattern names in the table, you can move to the chart where this pattern is located. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Pa
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