MArketWave
MArketwave is a multicurrency, trend following indicator which combines three of the most commonly used parameters.ParametersMoving AveragesBollinger BandsStochastic OscillatorThe parameters have been customized to provide accurate signals.SignalsThi
MArketwave is a multicurrency, trend following indicator which combines three of the most commonly used parameters.
Parameters
Moving Averages
Bollinger Bands
Stochastic Oscillator
The parameters have been customized to provide accurate signals.
Signals
Thick dark green up arrows - Uptrend
Thin light green up arrows - Buy
Thick red down arrow - Downtrend
Thin red down arrow - Sell
Trading tips
Check the trend with thick arrows
Buy or sell with thin arrows only in the direction of the main trend
Stochastic Oscillator is used to assess overbought/oversold conditions
Timeframe
M1, M5 - for intraday
H1, H4 - for positional
Risk Management
Start with 10% of your account balance
Use martingale on appearance of arrows only
Opposite color arrows should be the stop loss