Attom
- Indicators
- Zaidi Mansouri
- Version: 1.0
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This indicator is a custom indicator in the MetaTrader platform, used to analyze price movements and identify potential entry and exit points based on several criteria, including Moving Averages (MA), MACD, Momentum, and Force. Here’s an explanation of how it works:
### General Structure
- **Inputs**: The indicator contains a set of adjustable inputs, such as the period for the moving average, its calculation method, MACD settings, Momentum, and Force settings.
- **Variables**: Several variables are defined to store temporary values, such as the current moving average and its previous values.
### Core Components
1. **Moving Averages (MA)**:
- The moving average is calculated using the specified method (such as SMA, EMA) over a certain period. It is used to determine the general trend of the market.
2. **MACD Indicator**:
- It is used to determine momentum by calculating the difference between two moving averages. It can be used to identify potential entry points.
3. **Momentum Indicator**:
- This measures the speed of price movements. It is used as an additional tool to confirm trends.
4. **Force Indicator**:
- This measures the strength of price movements and helps determine the potential continuation or reversal of a trend.
### How It Works
- **Value Calculation**: At each new time period, the current values of the moving average, MACD, Momentum, and Force are calculated.
- **Trend Determination**: Current values are compared with previous values to determine whether the trend is upward or downward.
- **Entry and Exit Points**:
- If the current candle indicates a rise, and certain conditions are met (such as Momentum and Force indicators), a "Buy" arrow is placed.
- If the candle indicates a drop, and the conditions are met, a "Sell" arrow is placed.
### Usage
- Users can adjust the settings in the indicator based on their own strategies.
- The indicator can be used on any time frame to analyze price movements and identify entry and exit points.
### Features
- Flexibility in settings, allowing for customization of the indicator.
- Integration of multiple indicators for better analysis.
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