Author: Bigeev Rustem
If you're looking to catch trends in your trading, the HLCrossSigForDeMarker is definitely worth your attention. This indicator is designed to help you identify market trends while taking the emotional ups and downs out of trading decisions.
What sets this indicator apart is its ability to provide clear levels for entering trades, setting stop-loss levels, and determining take profit points. With these signals at your fingertips, you'll have the confidence to make decisions without second-guessing yourself. Remember, keeping emotions in check is crucial for profitability in the trading world.
//+----------------------------------------------+//| Indicator input parameters |//+----------------------------------------------+inputuint Supr_Period=6; // Break-through range period: Higher values yield rarer signalsinputuint MA_Period=21; // Period for Triple Exponential Moving Average, acting as an additional filterinputuint Risk=0; // Max risk in pips to determine entry levels based on nearest MAX/MINinputuint ATR_Period=120; // ATR period for calculating volatilityinputdouble Q=0.7 // Parameter for placing Take Profit. 1 means Take = Stopinputuint DeMarker_Period=12 // DeMarker period, serving as an additional filterinputdouble HLine=+0.5 // Upper signal stop line for DeMarkerinputdouble LLine=-0.5 // Lower signal stop line for DeMarker
What This Indicator Displays:
- Up and down arrows indicate when to open positions;
- Circles on crosshairs show where to place initial Take Profit;
- Dots confirm the current trend. If price consistently breaks through these levels, hold your position. If the dots form a "corridor" for a while, it's time to take profits;
- Diamonds mark the limits for placing Stop Loss and Trailing Stop.
Fig. 1. Indicator HLCrossSigForDeMarker
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