The DISCObar Trading Indicator is a comprehensive tool that combines several indicators (RSI, ATR, MA) and provides four types of trading signals, including candlestick patterns.
The DISCObar indicator displays four types of signals:
- Candles Star/Morning (red vertical down arrow / blue vertical up arrow). The size of the candle body is specified in percentages in the settings.
- A circle with a number inside (the number indicates how many candles are used for calculation, set in the settings). For example: each Low higher than the previous one, and the last Low lower (Red circle). Similarly for High, if each High is lower than the previous one and the last is higher (Blue circle).
- An arrow pointing up/down and right, indicating RSI exiting the overbought/oversold zone (all settings can be customized).
- A Moving Average line (colored green if ATR increases / gold if it decreases).
Download the DISCObar Trading Indicator
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FAQ
What is the DISCObar Trading Indicator?
The DISCObar Trading Indicator is a tool that combines RSI, ATR, and MA to provide four types of trading signals, including candlestick patterns.
How does the DISCObar indicator work?
The DISCObar indicator uses candlestick patterns, circles with numbers, RSI signals, and moving average lines to generate trading signals based on user-defined settings.
Can I customize the DISCObar indicator?
Yes, all aspects of the DISCObar indicator can be customized to suit individual trading strategies and preferences.
