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Merlin

The algorithm of the indicator is based on the fact that the price is attracted to the slow moving average
The same applies to a fast moving average that moves around a slow moving average
These moving averages have a special smoothing algorithm.
When the fast Moving average goes up and is below the slow Moving average, we have a potential signal to open a position-Buy entry
When the fast Moving average goes down and is above the slow Moving average, we have a potential signal to open a position-Sell entry
White and blue dots indicate the places of potential exits from the market
If the point is white-this is a recommendation for Buy exit.
If the point is blue-this is a recommendation for Sell exit.


Red   diamonds marked potential Stop Loss

Works on all instruments and charts.

You can work with many tools at the same time.

The indicator does not overwrite its signals


Settings


Bar-size of the array of bars to calculate the indicator
P-period of fast Moving average
M-period of slow Moving average

mode-mode options
If mode = true, potential Stop Loss dots are  visible on the chart
If mode = false,  potential Stop Loss  are not displayed on the chart.

How to set up the indicator?

Run the indicator on the chart
Select from the terminal window: Charts =>Indicators List => Merlin =>Edit
Will appear in the indicator window
Configure settings
After all, create a template: Charts =>Template =>Save Template

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CURRENTLY 26% OFF !! Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the potenti
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Stefan Stoyanov
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1 (1)
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Filtrer:
Aravind Kolanupaka
8935
Aravind Kolanupaka 2021.03.01 04:34 
 

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Mr Permsin Borvornsantisuk
248
Mr Permsin Borvornsantisuk 2018.11.09 12:44 
 

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Version 1.1 2018.10.16
Red diamonds marked potential Stop Loss