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Instrument: REA_Zar_V2.0
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

Rea_Zar is an indicator for more patient traders or for all those who have little time to dedicate to the chart. Suitable for long-term operation. The operational Time frame is the four-hour one (H4), while the daily one (D1) helps us obtain the confirmations necessary to carry out the operation.

Thanks to a set of indicators created specifically by the REA team, we are able to obtain exact confirmations which allows us to open even just 1 operation per month, enough to do a month's work.

Functionality

  • TMA Channel
  • Highlighting DOJY candles buy or sell
  • Buy or sell arrow confirming entry
  • Potential trades with Entry line, Stop Loss line (SL) and Take Profit line (TP)
  • Panel to quickly change pairs already knowing the direction of the trend
  • Telegram signals with entry price, stop loss, take profit and the screenshot of the graph in question

Parameters

TMA

  • Length: Set the period for calculating the TMA Channel(Default: 60)
  • Price: Sets whether to calculate the channel on Closing/Opening/Maximum/Minimum prices (Default: Closing)
  • ATR Multiplier: Set the ATR multiplier for TMA Channel calculation (Default: 2.5)
  • ATR Periods: Set the ATR period for TMA Channel calculation (Default: 100)

 

Assistant

  • Body Dody:Set the div Pips value of maximum size of the body of the dojy candles (Default: 20)

 

Positions

  • View Positions?: Set to Yes to view potential operations that can be performed with the indicator (Default: No)
  • Operation length: Set a candle period which will be the length of the potential trade lines (Default: 10)
  • Maximum Back: Set the number of back candles that the indicator must count to detect Highs or Lows to insert the stop loss (Default: 5)
  • Add SL: Set the number of Pips you want to add from the minimum or maximum to the stop loss (Default: 10)
  • TP Rewards: Set the Reward value to calculate the Take Profit, if you enter 2 your take profit will be 2 times your stop loss, for example: if the stop loss is 13 pips the tp will be entered at 26 (Default: 2)

 

Panel

  • Watchlist: Enter the name of the watchlist you want to observe, leave unchanged or blank if you don't want the panel
  • N Pair: Enter the number of pairs you want to display in your panel (Default: 5)
  • Vertical Position: Set the vertical position of the panel (Default: Top)
  • Horizontal Position: Set the horizontal position of the panel (Defaul: Left)

 

Permission

  • Username: Enter your site username, making sure to capitalize correctly
  • User Email: Enter the email with which you registered on the site

 

Telegram

  • Telegram: Active with Yes or Inactive with No
  • Tokens: Enter the Token (string of numbers and letters) of your Telegram Bot that will send the Signals
  • chatID: Enter the ID of the Telegram chat where you want the messages to arrive

 

Lines

  • Center: Choose the color of the midline of the TMA Channel
  • Upper: Choose the color of the TMA Channel Top Line
  • Lower: Choose the color of the TMA Channel Bottom Line

 

Downloads

License:
REA Learn TradeKit

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