MFI Count [8] looks like an oscillator, but actually it is a filter of signals. When the color changes and zero level is crossed, the trend is expected to change. The higher bar chart is – the longer the trend will last. Unfortunately, there is no information about the strength of the trend. However, MFI Count [8] could be effective for scalping together with trending indicator on a lower timeframes. Also you need a filter for detection of flat.
![MFI Count [8] – signal indicator usage example](https://files.fortraders.org/uploads/2019/07/mfi-count.png)
Forex indicator OBOS (overbought and oversold) of overbought and oversold displays respective market condition. It is important to pay attention on the current color of the histograms: green means uptrend, orange – downtrend. Crossing of the lines provides delayed signal, so the indicator is more for info. Formulas of OBOS indicator: Up = EMA (EMA […]
It is a trending indicator that is based on calculating of trading volumes with Price Action filters and Keltner Channels, demonstrating the current situation on the market: trend or flat. You should make deals in accordance with the color: green – buy, red – sell. Author’s settings are for M5 and M15 timeframes with sound […]
Hi_Low_TMA signals about beginning of the trend or strong movement. It works in conjunction with TriangularMA centered Multiple bands, which should be uploaded into one folder. Buy and sell signals are duplicated by arrows. Exit from the deal may be done via fixed TakeProfit or when the signal line returns back to the channel. Download
BTCUSD price stays in a strong uptrend without any significant reasons for that. According to technical analysis, the downside correction is expected, but bitcoin is hardly to be analyzed via only technical factors. Significant shadows on the top of the latest candlesticks signals about weakening of the bulls and it is good time for a […]
