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Instrument: REA_SidewayDetector

REA_SidewayDetector

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Disclaimer

The graphic studies and any other indication generated by the software should not be considered as personalized investment advice or even as investment recommendations. The setups generated by the software search for market conditions developed on prices in the past and are useful for statistical purposes.

The software is not able to work autonomously and requires various inputs from the trader for pattern research, statistics processing and any other expected functionality.

Description

The indicator REA_SidewayDetector it allows us to view an oscillator that indicates the market range moments when it is within the white preset levels.

 

Parameters

  • Source: Select what the indicator should calculate on, Open in the opening prices of the candles, Close in the closing prices of the candles, High in the maximum prices of the candles and Low in the minimum prices of the candles.
  • Period: Select periods in candle value for indicator counting.
  • Smooth: Selects smoothing for the oscillator lines.

Lines

  • Select the color for each line drawn in the oscillator.

Downloads

License:
FREE

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