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SeNSetiVe - Indicator for MetaTrader 4

SeNSetiVe
TypeIndicators PlatformMT4 Version10 Date created24 May 2016 Date updated18 August 2017
Formatmq4 Size2Kb Downloads416 Rating
4 of 5
based on 89 rates

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.

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