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ObieTrader

ObieTrader is 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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Trend-following and non-repainting forex trading gauge. Its signals are calculated and provided in a totally automatic way and are based on moving averages intersections. It’s a newbie-friendly tool as these signals are presented in the form of simple buy/sell arrows. Nonetheless, signal reliability is really solid. You can use it in conjunction with any forex trading strategy. The Trend Signals Alerts Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the
Blue and red support and resistance levels displayed directly on the chart. Alerts for close above resistance and close below support. Defaults: EnableNativeAlerts = false; EnableEmailAlerts  = false; EnablePushAlerts   = false; Really easy to trade with. There's no place like SR trading! Disclaimer: Support occurs where a downtrend is expected to pause due to a concentration of demand.   Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply
Trend change > Arrows (' Up ' and ' Down ') When the icon appears in the indicator buffer ('Up' or 'Down'), Alerts are triggered. You can use 200 EMA to reduce false signals. Enter trade when the arrow appears but wait until the candle closes Close trade when the line's color changes or use your own closing strategy. Works on all timeframes Works on all currencies Note works better with other indicators or an existing strategy
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