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CoolLine

CoolLine is a signal indicator displaying on a chart points for opening and closing trade positions. The indicator signals are not redrawn. It draws arrows on the zero bar Open[0]. It works on all currency pairs and all time frames.


Indicator Advantages

  • Precisely shows the opening and closing points on the chart
  • Does not redraw signals
  • Works on all currency pairs and timeframes
  • Very easy to use; suitable even for beginners
  • Has a very flexible system of settings
  • Can send push and email notifications to inform when to open and close orders


Indicator Parameters

  • Period_Long - long wave period
  • Wave_period - short wave period
  • wave_delay - delay for the calculation amplitude
  • optimization_size - the level of optimization for the wave calculation
  • bars - the number of bars for the indicator to work on
  • alert - sending push and email notifications
  • inform - show/hide the information panel The default value is true.
  • information_panel_color - the color of the information panel
  • color_profit - the color of profit/loss display on the chart


Recommended parameters for EURUSD D1

  • Period_Long = 23;
  • Wave_period = 12;
  • wave_delay=1;
  • optimization_size=2;


Recommended parameters for EURUSD MN

  • Period_Long = 12;
  • Wave_period = 2;
  • wave_delay=1000;
  • optimization_size=2;


Recommended parameters for EURUSD M15

  • Period_Long = 12;
  • Wave_period = 2;
  • wave_delay=1;
  • optimization_size=2;
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