Strong Line
- Indicateurs
- Andriy Matviyevs'kyy
- Version: 10.0
- Activations: 10
The presented product is a dynamic support/resistance line based on standard moving averages.
The simplest and most effective trend indicator, useful for both a beginner in trading and a professional trader.
Allows you to get the maximum result in trending areas of the market and minimize losses in areas of lateral price movement.
Thanks to a wide range of customizable parameters, it allows you to get results in any market and TF.
After the bar is formed, the indicator does not repaint.
Principle of use:
- After a buy/sell signal appears (this occurs when the control price crosses the indicator line), you should wait for confirmation of the signal;
- Confirmation of the signal is when the price overcomes the maximum/minimum of the bar on which the signal was given;
- After confirmation of the signal, open a deal, while the stop loss level is set based on the buy/sell signal point;
- After receiving an opposite signal, the stop loss level is moved to the minimum/maximum of the bar on which the indicator gave the opposite signal;
- When using hedging, the stop loss level is replaced by a pending order to open an opposite transaction.
Configurable parameters:
- Control_Price - the type of control price used for comparison (closing price/average price);
- Smoothing_Period - smoothing period for minimum/maximum prices compared with the control price;
- Smoothing_Method - smoothing method for minimum/maximum prices compared with the control price;
- Smoothing_Shift - smoothing shift relative to the chart;
- Distance - the distance between the chart and the displayed signal;
- Alerts - the indicator displays a dialog box containing information about the indicator signal;
- Send_Notification - the indicator sends a notification to mobile terminals whose MetaQuotes ID is specified in the settings window on the "Notifications" tab;
- Send_Mail - the indicator sends an email to the address specified in the settings window on the "Mail" tab.