22.03.2018
Futures trading for beginners
ytg_PRIMITIVE_SYSTEM_1 - Indicator for MetaTrader 4
TypeIndicators
PlatformMT4
Version10
Date created 8 June 2016
Date updated19 August 2017
Formatmq4
Size11.6Kb
Downloads513
Rating
This indicator displays the lines of PC, MA, and ATR levels on the graph. All the indicators are drawn with a shift of 1 bar. Bars that made a breakdown of the channel are marked with checkmarks in squares of purple.
Here's how to read the indicator:
- The yellow line is MA10;
- The red line is a 10-day maximum (PC);
- The green line is a 10-day minimum (PC);
- The green dashed line is two sizes of the ATR, it serves as a tip for the Take Profit;
- The red dotted line is a one size of the ATR, it serves as a tip for the Stop Loss.
The strategy based on this indicator features opening the orders on the channel breakdowns and price reversals.
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