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Market Follower

5

The Market Follower indicator displays two types of potential entry points on the chart (by trend and absolute reversal points).

The entry point by the trend is displayed by a circle. The indicator qualifies the presence of a trend at a certain interval by a certain algorithm. Then it displays a potential entry point after a rollback (correction). For the successful use of these entry points, it is recommended to use at least M30 timeframe with a confirmation on smaller timeframes.

The Absolute reversal points assume that at least a correction of price movement starts at them (and may be even a reversal). They are displayed as arrows on the chart. These points take into account the movements in several timeframes. I recommend to open a higher timeframe (for example, M15) to obtain data on the main one (for example, M5). Sometimes, entry points by trend and absolute reversal points coincide. These signals are the strongest ones.


Parameters

  • Accuracy – degree of accuracy of the entry signal. It can vary from 0 to 20. The default is 10. Accuracy of signals decreases with the decrease of the parameter, but their numbers increase.
  • Alert – you can set an alert when a signal appears. True – display alert, False – no alert. The default value is False. An example of Alert: "MF (indicator name) ABSOLUT (signal type ABSOLUT or TREND) USDCAD(currency pair) _M15 (timeframe) - SELL (BUY or SELL trade)".
  • E-mail – send an E-mail when a signal appears. True – send email, False – no email. The default value is False. The content of the email is similar to the alert. Subject of the email: "Market Follower". Make sure the Tools-Options-Email parameters are set correctly in the MetaTrader 4.
Comentarios 1
Tobias Grosse
971
Tobias Grosse 2016.07.27 15:01 
 

signals are very good, I use accuracy=20.

the alert function is helpful as TF H4 or D1 is used and signals come rarely.

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Indicadores
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Indicadores
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Indicadores
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1 (1)
Indicadores
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5 (2)
Indicadores
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4.9 (652)
Indicadores
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Indicadores
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Indicadores
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Indicadores
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Indicadores
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Indicadores
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Indicadores
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Indicadores
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Indicadores
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Indicadores
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Indicadores
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Indicadores
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Alexey Surkov
Indicadores
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Indicadores
The Trend Trade indicator displays assumed turning points of the price on the chart in the direction of the trend after correction. It is based on the data of the Prise Reversal oscillator with the period 6 and indicators which characterize strength and availability of the trend. When the value of Prise Reversal is in overbought or oversold area (area size is set by a user), and the current trend is confirmed, the Trend Trade indicator draws an arrow pointed to the further assumed price movement
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Alexey Surkov
Indicadores
The Correct Entry indicator displays specific relatively correct points of potential market entries on the chart. It is based on the hypothesis of the non-linearity of price movements, according to which the price moves in waves. The indicator displays the specified points based on certain price movement models and technical data. Indicator Input Parameters: Сorrectness – The parameter characterizes the degree of accuracy of the entry signals. Can vary from 0 to 100. The default is 100. Accura
Filtro:
Tobias Grosse
971
Tobias Grosse 2016.07.27 15:01 
 

signals are very good, I use accuracy=20.

the alert function is helpful as TF H4 or D1 is used and signals come rarely.

Respuesta al comentario
Versión 23.31 2023.03.03
Minor edits, optimization.
Versión 21.111 2021.11.21
Updated for a new build for stable operation.
Versión 2.10 2016.08.15
Alert has been optimized.
Versión 2.0 2016.08.05
Alert functions have been optimized.
Added ability to send Push-notifications.