Fifth dimension MT4

Indicator searches and marked on the chart trading signals "Fifth Dimension". DETAILED DESCRIPTION graphical models forming trade signals can be found in Chapter 8 № "Trade via balance line" book B. Williams, "New Dimensions in stock trading." Signal levels indicating the input of price or position setting stop-loss, directly indicated on the graph. This function provides additional comfort to the trader at the time of issuing of pending orders. The solid horizontal line is displayed in the case of the existing breakdown of the signal level. The dotted line on the graph indicates the level, the breakdown of which may change the market trend.

settings

• bShowLine = true - to display signal lines, false - hide the signal lines.


• bAlert = true - Push-send notification of the breakdown of the signal level, false - switch off the alarm unit.


• BuyLevel = clrLimeGreen - color selection level line to buy.


• SellLevel = clrRed - choice of color level line for sale.


• maPeriod = 13 - setting the balance line, the line "Teeth" indicator Alligator


• maShift = 8 - shift parameter balance line, the line "Teeth" Alligator

Trade balance with the help of a line ( "fifth dimension")

the balance of the line indicates the direction of the current path of least resistance for the market price movement. Therefore, more promising are buying when the price is above the balance line and the sale, if the current price is below the balance line. The opposite signal level can serve as a stop-loss for open transactions. In addition, more profitable to look for entry points when the price is in the vicinity of the balance line and histogram Awesome Oscillator indicator is positioned near the zero line. In this connection, the template is recommended to use the Alligator indicator and the Super AO. When trading should apply an additional filter zoning. To do this, you need to connect to schedule an additional indicator AC (Accelerator Oscillator). Which together with the AO indicator will allow to filter trading signals. Namely, do not buy into the "red zone" and do not buy into the "Green Zone." The indicator works on all timeframes. However, the author of the strategy recommends a daily range trading.

Video

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