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Retracement Feeder

40 USD

Demo downloaded: 128

Published: 8 June 2021

Current version: 2.0

Retracement Feeder

Indicators
Innovicient Limited
Version: 2.0
Updated: 30 October 2024
Activations: 20

The Retracement Feeder checks for retracement opportunities after the first move has occurred.

Basically it scans for the second wave of trend.

Works with any financial instrument,
It does not repaint/change color or cancel arrows,
Easy to set and use.
Works great with Renko Charts

MT5 version: https://www.mql5.com/en/market/product/71340

How it works

The indicator is based on RSI and Stochastics.
The algorithm used in the Retracement Feeder allows the Stochastic and RSI to minimize the turns and twists thereby reducing false oversold and overbought signals.
It scans for a buy retracement when the asset is oversold and for sells when overbought.
Place a buy entry if a candle opens above the upper trendline irrespective of the arrow that forms. If a sell arrow forms but the following candles open above the trendline open buy since the reverse signal has been initiated. Same rule applies to sells.

Settings

The indicator is straightforward to set up

Stochastic %K Period [This is the Stochastic period. The tests have been conducted with a value of 100]
Stochastic %D Period [This is the %D period. The tests have been conducted with a value of 1 ]
Stochastic Slowing [This is the Stochastic slowing. The tests have been conducted with a value of 1 ]
RSI Period[The value can be adjusted if needed]
RSI Price [You can tinker this, but close has been used to test efficiency]
Enable Alerts [email, screen, and metatrader notifications alerts]
History Bars to Display [This is the number of arrows you want to display on your mt4]

The default values work fine. Send me a PM for specialized settings for any of your instruments

more...

zakey_ahmad 2021.06.26 19:29 #

good indicator

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The First Dawn indicator uses a unique mechanism to search and plot signals. This keeps searching for signals, making it a great indicator for scaping and identification of changes in direction, swing trading and trend trading. The First Dawn helps you get early signals. The backtest gives the true picture of how the indicator works with real/demo accounts. Although this is a tiny indicator it is packed with advantageous settings that will help you whether you desire to: Snap the Peaks

50 USD

The Retracement Feeder checks for retracement opportunities after the first move has occurred. Basically it scans for the second wave of trend. Works with any financial instrument, It does not repaint/change color or cancel arrows, Easy to set and use. Works great with Renko Charts MT4 version: https://www.mql5.com/en/market/product/67443 How it works The indicator is based on RSI and Stochastics. The algorithm used in the Retracement Feeder allows the Stochastic and RSI to minimize the t

40 USD

80 USD

Bollinger Band is one if the most useful indicators if used properly. Trend Guard used the parameters based on Bollinger to create a tool that can help traders enter trades at most optimal level. The indicator is useful to all traders since it checks for retracements and changing trend direction. With this indicator, you get the opportunity to open trades early and also lock your profits based on the dotted trend lines that form after a certain level of Bollinger band. We have simplified the ind

70 USD

The Price Elevator indicator is developed to help you figure out the general long-term trend of the market. If the price is above the Green separator line, this is a clear indication the bulls are in control. Similarly, the bears are in control if the price continues to trend below the red separator line. Download Price Elevator MT4 Trend Re-entry In this case you would plan your buy entries above the green dotted box (make sure to set the Buy / Sell Retracement Floor=30). The SL should be

60 USD