MArketWave

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