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Retracement Feeder

5


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 | Best used with  Market Heart MT4 Version|

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







Reviews 1
zakey_ahmad
73
zakey_ahmad 2021.06.26 19:29 
 

good indicator

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Top Bottom Tracker is an indicator based on sophisticated algorithms that analyse the market trend and can detect the highs and lows of the trend / MT5 version . The price will progressively increase until it reaches 500$. Next price --> $99 Features No repainting This indicator does not change its values when new data arrives Trading pairs All forex pairs Timeframe     All timeframes Parameters ==== Indicator configuration ==== Configuration parameter // 40 (The higher the value, the
Supply Demand Analyzer
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5 (6)
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Supply Demand Analyzer is an advanced trading indicator meticulously designed for the precise identification, analysis, and management of supply and demand zones. By integrating real-time data and advanced algorithms, this tool enables traders to recognize market phases, price movements, and structural patterns with unparalleled accuracy. It simplifies complex market dynamics into actionable insights, empowering traders to anticipate market behavior, identify trading opportunities, and make info
Buy Sell Levels by Gann
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Innovicient Limited
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The Market Heart indicator scans market entries after high volatility is noticed. Most big moves occur a short time after market volatility.  Most big moves occur a short time after market volatility. The idea is to look for entries after the rectangles form and not necessarily as trade entry signals. . For example, you could use the  Retracement Feeder   indicator that generates arrow signals. Market Heart MT4  Version How to use:  1.    Primary use The White Box is the first to be formed an
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zakey_ahmad
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zakey_ahmad 2021.06.26 19:29 
 

good indicator

Innovicient Limited
9770
Reply from developer ALFRED MURIITHI 2021.06.26 20:14
Thank for your review. We are humbled to have contributed to your trading 🙏💖
Reply to review
Version 2.0 2024.10.30
Refined and improved performance.
Version 1.9 2022.07.29
Improved indicator to work better
Added better filters
Can work better with Renko Charts
Version 1.8 2022.07.04
Interface improvement.
Version 1.7 2022.02.22
Interface bug removal
Version 1.6 2022.02.21
Adjusting default screen alert.
Version 1.5 2022.02.11
Added Signal validation mechanism
Version 1.4 2021.09.25
User interface improvements
Version 1.3 2021.09.25
User interface improvements
Version 1.2 2021.09.14
Interface improvement.
Version 1.1 2021.06.09
1. Fixing bug in the alert system.
2. Allow Arrows to form in current bar.