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Pocket Options OTC RedLine

Indicator Title:

Custom Heiken Ashi and Moving Averages-Based Signal Indicator for OTC Markets

Works off the RedLine Strategy.

Overview:

This custom indicator is designed specifically for traders working with OTC stocks on platforms like Pocket Options. It utilizes a powerful combination of Heiken Ashi candles and three exponentially smoothed moving averages (EMAs) to detect trends and provide highly reliable Buy and Sell signals.

The indicator seamlessly integrates with the EABiBOT, AutoSignal_connect Bot, and the AutoSignal App to automatically process alerts and send them to your desired trading platform. This integration allows for efficient signal processing and trading automation, making it an invaluable tool for OTC traders.

Features:

  1. Three Moving Averages (EMAs):

    • Fast EMA (Period 3): Captures short-term price trends.
    • Medium EMA (Period 8): Tracks medium-term price trends.
    • Slow EMA (Period 25): Monitors long-term price trends.
    • The crossover of these EMAs determines Buy and Sell signals:
      • Buy Signal: Fast EMA > Medium EMA > Slow EMA (uptrend).
      • Sell Signal: Fast EMA < Medium EMA < Slow EMA (downtrend).

  2. Heiken Ashi Candles:

    • Heiken Ashi smoothing is used to reduce market noise and ensure clearer trend identification.
    • The Heiken Ashi values (Open, High, Low, Close) serve as inputs for the moving averages.

  3. Visual and Audio Alerts:

    • Buy Signal:
      • A green icon (arrow up) is displayed below the candle's low price.
      • Alerts notify the trader of a Buy opportunity.
    • Sell Signal:
      • A red icon (arrow down) is displayed above the candle's high price.
      • Alerts notify the trader of a Sell opportunity.
    • Alerts can be enabled/disabled via settings.

  4. Integration with Bots and Apps:

  5. Customization Options:

    • Configure the Buy/Sell icons:
      • Icon colors, shapes, and offsets are adjustable.
    • Adjust the sensitivity of moving averages by changing the periods and methods (EMA/SMA).
    • Enable or disable alerts and icons as per your trading style.

  6. OTC Market Compatibility:

    • Specifically designed for OTC markets, which are known for their high volatility and trends.
    • Works seamlessly with Pocket Options and similar platforms.

  7. Signal Filtering:

    • The indicator prevents duplicate alerts by analyzing only the most recent bars.
    • Configurable IconPlacementBars ensures proper placement of icons based on historical price movements.

How It Works:

  1. The indicator calculates the Heiken Ashi values for the given time frame (e.g., 3-minute candles).
  2. It then computes the Fast, Medium, and Slow EMAs using the Heiken Ashi Close prices.
  3. The indicator evaluates the relationship between the three EMAs:
    • When the Fast EMA is above the Medium EMA and the Medium EMA is above the Slow EMA, a Buy Signal is generated.
    • When the Fast EMA is below the Medium EMA and the Medium EMA is below the Slow EMA, a Sell Signal is generated.
  4. Signals are visually displayed on the chart as green Buy icons and red Sell icons.
  5. Alerts notify the trader of potential trading opportunities.
  6. These alerts are sent directly to the EABiBOT, AutoSignal_connect Bot, and AutoSignal App, where they are processed for automated trading.

Input Parameters:

  1. Moving Averages:

    • Fast_MA_Period : Period of the Fast EMA (default: 3).
    • Medium_MA_Period : Period of the Medium EMA (default: 8).
    • Slow_MA_Period : Period of the Slow EMA (default: 25).
    • Fast_MA_Method : Type of moving average for the Fast EMA (default: EMA).
    • Medium_MA_Method : Type of moving average for the Medium EMA (default: EMA).
    • Slow_MA_Method : Type of moving average for the Slow EMA (default: EMA).

  2. Icon Customization:

    • BuyIconColor : Color of the Buy icon (default: Green).
    • SellIconColor : Color of the Sell icon (default: Red).
    • BuyIconShape : Shape of the Buy icon (default: Arrow Up).
    • SellIconShape : Shape of the Sell icon (default: Arrow Down).
    • IconOffset : Distance between the icon and the price (default: 10 points).

  3. Alert Settings:

    • Enable_Alerts : Enable/disable alerts (default: true).
    • Enable_Icons : Enable/disable icons on the chart (default: true).

  4. Advanced Settings:

    • IconPlacementBars : Number of bars to analyze for proper icon placement (default: 3).

What Happens When an Alert is Triggered?

  1. Buy Signal:

    • A green arrow (Buy icon) is plotted below the lowest low of the last IconPlacementBars .
    • An alert pops up (if enabled) with a message: "Buy Signal | Final confirmation after crossover."
    • The event is logged in the alerts.txt file.
    • The alert is sent to the EABiBOT, AutoSignal_connect Bot, or AutoSignal App for further processing.

  2. Sell Signal:

    • A red arrow (Sell icon) is plotted above the highest high of the last IconPlacementBars .
    • An alert pops up (if enabled) with a message: "Sell Signal | Final confirmation after crossover."
    • The event is logged in the alerts.txt file.
    • The alert is sent to the EABiBOT, AutoSignal_connect Bot, or AutoSignal App for further processing.

Who Should Use This Indicator?

  • OTC Traders: Specifically tailored for traders focusing on OTC stocks on platforms like Pocket Options.
  • Trend Followers: Ideal for traders who rely on trends and crossover strategies to enter positions.
  • Heiken Ashi Fans: Perfect for those who prefer Heiken Ashi charts for noise reduction and trend clarity.

Important Notes for Users:

  1. Works Only with the Following Tools:

    These tools are required for automated signal processing and trade execution.

  2. No Guarantees of Success:

    • This indicator does not guarantee profitable trades. The performance depends on the market conditions, user settings, and trading strategies.
    • The default settings are optimized for general usage, but users can adjust them to suit their needs.

  3. Time Frame:

    • This indicator works best with 3-minute Heiken Ashi candles.
    • Test the indicator on a demo account before using it on live markets.

Summary

This custom indicator simplifies OTC trading by combining Heiken Ashi smoothing with a three-EMA strategy. It provides actionable Buy and Sell signals directly on the chart with customizable icons and alerts. Specifically designed to integrate with EABiBOT, AutoSignal_connect Bot, and the AutoSignal App, it is a reliable trend-following tool for OTC traders.


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Este tablero muestra los últimos   patrones armónicos   disponibles para los símbolos seleccionados, por lo que ahorrará tiempo y será más eficiente /   versión MT4 . Indicador gratuito:   Basic Harmonic Pattern Columnas del indicador Symbol:   aparecerán los símbolos seleccionados Trend :   alcista o bajista Pattern :   tipo de patrón (gartley, mariposa, murciélago, cangrejo, tiburón, cifrado o ABCD) Entry :   precio de entrada SL:   precio de stop loss TP1:   1er precio de toma de beneficios
Matrix Arrow Indicator MT5
Juvenille Emperor Limited
5 (13)
Indicadores
Matrix Arrow Indicator MT5   es una tendencia única 10 en 1 que sigue un indicador   100% sin repintado   de marcos temporales múltiples que se puede usar en todos los símbolos/instrumentos:   divisas ,   materias primas ,   criptomonedas ,   índices ,   acciones .  Matrix Arrow Indicator MT5  determinará la tendencia actual en sus primeras etapas, recopilando información y datos de hasta 10 indicadores estándar, que son: Índice de movimiento direccional promedio (ADX) Índice de canales de prod
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Issam Kassas
4 (11)
Indicadores
Ante todo, vale la pena enfatizar que esta Herramienta de Trading es un Indicador No Repintado, No Redibujado y No Retrasado, lo que la hace ideal para el trading profesional. Curso en línea, manual del usuario y demostración. El Indicador de Conceptos de Acción del Precio Inteligente es una herramienta muy potente tanto para traders nuevos como experimentados. Combina más de 20 indicadores útiles en uno solo, combinando ideas avanzadas de trading como el Análisis del Trader del Círculo Interi
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Daniel Stein
Indicadores
FX Dynamic: Rastrea la volatilidad y las tendencias con un análisis ATR personalizable Descripción general FX Dynamic es una herramienta potente que emplea los cálculos de Average True Range (ATR) para brindar a los traders información incomparable sobre la volatilidad diaria e intradía. Al establecer umbrales de volatilidad claros —por ejemplo, 80%, 100% y 130%— puedes identificar rápidamente oportunidades de beneficio o recibir alertas cuando el mercado excede sus rangos habituales. FX Dynam
Quantum Breakout Indicator PRO MT5
Bogdan Ion Puscasu
5 (7)
Indicadores
Introduciendo       Quantum Breakout PRO   , el innovador indicador MQL5 que está transformando la forma en que comercia con Breakout Zones. Desarrollado por un equipo de comerciantes experimentados con experiencia comercial de más de 13 años,       Desglose cuántico PRO       está diseñado para impulsar su viaje comercial a nuevas alturas con su innovadora y dinámica estrategia de zona de ruptura. El indicador de ruptura cuántica le dará flechas de señal en las zonas de ruptura con 5 zonas ob
Entry Points Pro for MT5
Yury Orlov
4.46 (129)
Indicadores
Este es un genial indicador para MT5 que ofrece señales precisas para entrar en una transacción sin redibujar. Se puede aplicar a cualquier activo financiero: fórex, criptomonedas, metales, acciones, índices. Nos dará valoraciones bastante precisas y nos dirá cuándo es mejor abrir y cerra una transacción. Eche un vistazo  al vídeo  (6:22), ¡contiene un ejemplo de procesamiento de una sola señal que ha amortizado el indicador! La mayoría de los tráders mejoran sus resultados comerciales durante l
Smart Trend Trading System MT5
Issam Kassas
4.59 (37)
Indicadores
Primero que todo, vale la pena enfatizar que este Sistema de Trading es un Indicador No Repintado, No Redibujado y No Retrasado, lo que lo hace ideal tanto para el trading manual como para el automatizado. Curso en línea, manual y descarga de ajustes preestablecidos. El "Sistema de Trading Inteligente MT5" es una solución completa de trading diseñada para traders nuevos y experimentados. Combina más de 10 indicadores premium y presenta más de 7 estrategias de trading robustas, lo que lo convier
Easy Breakout MT5
Mohamed Hassan
5 (3)
Indicadores
After your purchase, feel free to contact me for more details on how to receive a bonus indicator called VFI, which pairs perfectly with Easy Breakout for enhanced confluence!     Easy Breakout MT5   is a powerful price action trading system built on one of the most popular and widely trusted strategies among traders: the   Breakout strategy ! This indicator delivers crystal-clear Buy and Sell signals based on breakouts from key support and resistance zones. Unlike typical breakout indicators
Gartley Hunter Multi
Siarhei Vashchylka
5 (10)
Indicadores
Gartley Hunter Multi - An indicator for searching for harmonic patterns simultaneously on dozens of trading instruments and on all possible timeframes. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Patterns: Gartley, Butterfly, Shark, Crab. Bat, Alternate Bat, Deep Crab, Cypher 2. Simultaneous search for patterns on dozens of trading instruments and on all possible timeframes 3. Search for patterns of all possible sizes. From the smallest to the largest 4. All fou
Trend Line Map Pro MT5
STE S.S.COMPANY
4.09 (11)
Indicadores
El indicador Trend Line Map es un complemento para Trend Screener Indicator. Funciona como un escáner para todas las señales generadas por el evaluador de tendencias (Trend Line Signals). Es un escáner de líneas de tendencia basado en el indicador de evaluación de tendencias. Si no tiene el indicador Trend Screener Pro, Trend Line Map Pro no funcionará. It's a Trend Line Scanner based on Trend Screener Indicator. If you don't have Trend Screener Pro Indicator,     the Trend Line Map Pro will n
PZ Harmonacci Patterns MT5
PZ TRADING SLU
3 (5)
Indicadores
Este es posiblemente el indicador de reconocimiento automático de formación de precios más completo que puede encontrar para la plataforma MetaTrader. Detecta 19 patrones diferentes, toma las proyecciones de Fibonacci tan en serio como usted, muestra la zona de reversión potencial (PRZ) y encuentra niveles adecuados de stop-loss y take-profit. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Detecta 19 formaciones de precios armónicos diferen
Basic Supply Demand Dashboard MT5
Mehran Sepah Mansoor
5 (1)
Indicadores
Este panel descubre y muestra las zonas de   Oferta   y   Demanda   en el gráfico, tanto en modo scalping como a largo plazo, dependiendo de su estrategia de trading para los símbolos seleccionados. Además, el modo de escáner del tablero le ayuda a comprobar todos los símbolos deseados de un vistazo y no perder ninguna posición adecuada /   Versión MT4 Indicador gratuito:   Basic Supply Demand Características Le permite ver las oportunidades de negociación en   múltiples pares de divisas ,
QM Pattern Scanner MT5
Reza Aghajanpour
5 (3)
Indicadores
Contact me  to send you instruction and add you in group. QM (Quasimodo) Pattern is based on Read The Market(RTM) concepts. The purpose of this model is to face the big players of the market (financial institutions and banks), As you know in financial markets, big traders try to fool small traders, but RTM prevent traders from getting trapped. This style is formed in terms of price candles and presented according to market supply and demand areas and no price oscillator is used in it. RTM conc
Volumatic VIDyA MT5
Duc Hoan Nguyen
5 (1)
Indicadores
Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me Volumatic VIDYA (Variable Index Dynamic Average) es un indicador avanzado diseñado para rastrear tendencias y analizar la presión de compra-venta en cada fase de una tendencia. Utilizando el Promedio Dinámico de Índice Variable (Variable Index Dynamic Average) como técnica principal de s
Auto Orderblock with Break of Structure MT5
Barend Paul Stander
4.6 (15)
Indicadores
Auto Order Block with break of structure based on ICT and Smart Money Concepts (SMC) Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   -  MTF      ( Multi Time Frame )    HH/LL/HL/LH  -  MTF      ( Multi Time Frame )  Choch  MTF      ( Multi Time Frame )  Volume Imbalance     ,  MTF          vIMB Gap’s Power of 3 Equal High / Low’s  
Dark Absolute Trend MT5
Marco Solito
5 (8)
Indicadores
Dark Absolute Trend   is an Indicator for intraday trading. This Indicator is based on   Trend Following  strategy but use also candlestick patterns and Volatility. We can enter in good price with this Indicator, in order to follow the main trend on the current instrument. It is advised to use low spread ECN brokers. This Indicator does   Not repaint   and   N ot lag . Recommended timeframes are M5, M15 and H1. Recommended working pairs: All. I nstallation and  Update Guide   -  Troubleshooting
IQ FX Gann Levels MT5
INTRAQUOTES
Indicadores
CONTACT US  after purchase to get the Indicator Manual. Try Now—Limited 50% Discount for First 10 Buyers! Download the  Metatrader 4 Version Due to regulatory restrictions, our service is unavailable in certain countries such as India, Pakistan, and Bangladesh. William Delbert Gann (W.D. Gann) was an exceptional market analyst, whose trading technique was based on a complex blend of mathematics, geometry, astrology, and ancient mathematics which proved to be extremely accurate. A Note from t
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