Dema divergence points indicator MT4
- Indicators
- Ekaterina Saltykova
- Version: 1.10
- Updated: 22 September 2022
- Activations: 5
Dema divergence points - is the manual trading system based on double exponental moving divergence.
Histogram represents 4 colors : yellow - strong up trend, orange - up movement, blue - down movement and aqua - strong down trend.
Up arrow is poltted when dema crosses current price up - but phase is still strong down (aqua color), down arrow is poltted when dema crosses current price down - but phase is still strong up (yellow color).
Main inputs :
- mainPeriod - main dema calculation period;
- filterPeriod - period for "phase" definition;
- upPoint - filter point defines strong up trend starts;
- mediumPoint - filter point highlights up/down movement;
- dnPoint - filter point defines strong down trend starts;
Main indicator's features:
- Signals are not repaint, late or disappear;
- Every signal comes at the open of new bar(system uses only confirmed signals);
- Indicator has Alerts, Mail and Push notifications(allow to trade out of PC, from smartphone/mobile app);
- Indicator has profit/loss targets;
Recommendations for trading
- EUR/USD, GBP/USD, AUD/USD,USD/CHF, USD/CAD;
- Best timeframes - from M5 range till H4;