FX Trend

[Apprentice]

FX Trend.lua

(2.98 KiB) Downloaded 840 times

The indicator was revised and updated

[Apprentice]

Signals are given from the Zero Line Crossover.
Divergence trading is one way to use this indicator.

[Blackcat2]

The default parameters are designed for what time frame?

[Apprentice]

In my experience.
There is no ideal setting, out there.
The parameters vary depending on several variables.
Time Frame is just one of them.
Others are currency pair, Volatility, Wave length, and others.
Experience and testing various combinations helps.
Once determined values ​can changed if some of input parameters are changed.

Example for Moving Averages
Depending on the length of the cycle for individual security choose period for moving average.
The ideal period for moving average is determined using the following formula
Ideal Moving Average Length = (Cycle Length / 2) + 1

[Alexander.Gettinger]

MQL4 version of FX Trend oscillator: viewtopic.php?f=38&t=61520.

[Apprentice]

The indicator was revised and updated.