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Retracement Feeder

40 USD

Demo downloaded: 127

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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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

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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

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zakey_ahmad 2021.06.26 19:29 #

good indicator

9181

Reply from developer ALFRED MURIITHI 2021.06.26 20:14 #

Thank for your review. We are humbled to have contributed to your trading 🙏💖

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.