Pullback Arrows
Created on 5/30/2021 12:39:27 PM
ARROWS
For sell:
5MA (Simple) must be below 20MA (simple)
1MA (Simple) must be above 5MA (simple)
1ma (Exponential) must be below 20MA (simple)
RSI 2 must be above 80 level constant
For buy:
5MA (Simple) must be above 20MA (simple)
1MA (Simple) must be below 5MA (simple)
1ma (Exponential) must be above 20MA (simple)
RSI 2 must be below 20 level constant
This indicator can be used as a signal provider for
LOCTrader Expert Advisor.
EURUSD
USDJPY
GBPUSD
USDCHF
M1
M5
M15
M30
Hourly
H4
Daily
Buy Signals
Condition 1
Moving Average 5 Simple Close
Is Above
Moving Average 20 Simple Close
Condition 2
Moving Average 1 Simple Close
Is Below
Moving Average 5 Simple Close
Condition 3
Moving Average 1 Exponential Close
Is Above
Moving Average 20 Simple Close
Condition 4
Relative Strength Index (RSI) 2 Close
Is Below
Constant (Horizontal line) Value: 20
Sell Signals
Condition 5
Moving Average 5 Simple Close
Is Below
Moving Average 20 Simple Close
Condition 6
Moving Average 1 Simple Close
Is Above
Moving Average 5 Simple Close
Condition 7
Moving Average 1 Exponential Close
Is Below
Moving Average 20 Simple Close
Condition 8
Relative Strength Index (RSI) 2 Close
Is Above
Constant (Horizontal line) Value: 80
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This is a custom indicator for Metatrader 4 platform. To use it you need:
- Download this indicator and copy into your metatrader experts/indicators folder.
- Restart your Metatrader 4 terminal.
- Indicator will appear under Custom Indicators section. Attach the indicator on the chart.