Two Ways Signal
This indicator works on the basis of a system of triple moving average advanced by me (MA). In conjunction, the system is able to deliver impressive results in trade. The indicator is easy to use. It is a 2, the arrows are automatically drawn after the closing of the bar, showing where price will go in the near future, based on the testimony of a constellation of all MA.
What is Moving Average (MA)?
This is one of the most popular, proven and effective ways to work at Forex, which is based on the task average price value smoothing local movements, thereby helping the trader to focus on the basic price movements.
Trader for ease of reading only shown with arrows audio notification when a new direction.
Features of the indicator:
- Never redraws the arrow, the arrow shows when the closed bar;
- Simple and easy-to-use indicator;
- It works great with any of your strategy;
- Working together with all indicators;
- It works equally well on any timeframe;
- It works on any currency pairs.
Options
- FasterMode 0 = sma, 1 = ema, 2 = smma, 3 = lwma (Default = 0) - setting fashion that is applied to the fast moving average. Each mode is described below parameters;
- FasterMA (Default = 5) - setting the fast moving average which averages the price for the last 5 bars;
- MediumMode 0 = sma, 1 = ema, 2 = smma, 3 = lwma (Default = 0) - setting fashion that applies to the slower moving average. Each mode is described below parameters;
- MediumMA (Default = 20) - setting the slower moving average which averages the price for the last 20 bars;
- SlowerMode 0 = sma, 1 = ema, 2 = smma, 3 = lwma (Default = 0) - setting fashion that is applied to the slow moving average. Each mode is described below parameters;
- SlowerMA (Default = 34) - setting the slow moving average which averages the price for the last 34 bars;
- SoundAlert 0 = disabled 1 = enabled (default = 1) - Enable / disable sound when a new arrow notice.
What is SMA, SMMA, EMA and LWMA
- Simple Moving Average (SMA) Simple Moving Average - is the arithmetic mean of n values from k-n + 1 to k. In other words, the 5-day moving average for today is calculated by adding the previous five prices (ie today plus four previous) and their division by 5. Ie if such rates were 9, 8, 8, 9, 10, a simple moving average will be equal to (9 + 8 + 8 + 9 + 10) / 5 = 8.8. Consequently, when the current price of 10, a moving average is equal to 8.8;
- Smoothed Moving Average (SMMA) smoothed moving average - smoothed moving average is calculated using all the prices that are on schedule. Taking into account "candle" (bars), which are beyond a predetermined period, but with a decrease in the "weight" of each bar as the distance. Due to this, SMMA has a very low sensitivity to price changes;
- Exponential Moving Average (EMA) EMA - when calculating the exponential moving average, the earlier price of less importance, and later - more important;
- Linear Weighted Moving Average (LWMA) linearly weighted moving average - weighted moving average, as well as exponential, also gives more recent data more "weight", but it makes it more pronounced and easier. When rendering 5-day weighted moving average, we attach the current market price five times the weight of yesterday - a four-time, the day before yesterday - three times, and so on, and then divide the sum of all the works in the amount of added weight. Those. (1 + 8 · 2 · 8 · 9 + 3 + 4 × 10 + 5 × 11) / (1 + 2 + 3 + 4 + 5) = 146/15 = 9.73.
Advice
- It works perfectly strategies with Fibonacci lines;
- You can change modes and the number of bars in the scanned display settings, can you find a better balance;
- Good works "on trial" strategy;
- Do not go too far from the figures that are "Default", or the indicator will not work.
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