SeNSetiVe - Indicator for MetaTrader 4
The indicator relates to trend analysis tools.
The intersection of the SeNSetiVe zero-line indicates which type of trend is present on the market at the moment. If the indicator crosses the zero mark from the bottom to the top, a buy signal is generated, otherwise it is necessary to sell.
In the indicator settings you can configure the following parameters:
- SPerioD - when working with hourly charts, the optimal value is 160-180, for minute charts it's 100-160. The shorter the period, the stronger the sensitivity of the indicator. This causes a lot of false signals.
- SFactoR - the level of sensitivity of the indicator to sudden changes in the trend. It is set in the range from 1 to 10. The recommended value is 5-7.
- ShiFt - the degree of displacement relative to the zero mark.