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Instrument: REA_Friendly

REA_Friendly

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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_Friendly it allows you to view various information on the graph to interpret the market and enter for or against the trend. In our work we always use this indicator in combination with Supply and Demand, to thus have all the information to enter the market.

 

Functionality

  • Yellow Arrow, It represents a possible price reversal.
  • Red Arrow, It represents a possible Sell entry zone if we previously have ideal conditions such as the red dot and the red star.
  • Red Star, It represents a weakening of the Buy strength of the price and therefore a possible start of a Sell trend.
  • Red dot, It represents a great selling force.
  • Green Arrow, It represents a possible entry zone into Buy if we previously have ideal conditions such as the green dot and the green star.
  • Green Star, It represents a weakening of the Sell strength of the price and therefore a possible start of a Buy trend.
  • Green Dot, Represents a great Buy strength.
  • Signal with pre-set message on Telegram via a Telegram bot –> Watch Tutorial HERE.

 

Parameters

  • Source: Select what we need to read the Moving Average 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.
  • FastPeriod: Select the Fast Moving Average periods. (default 5)
  • SlowPeriod: Select the Slow Moving Average periods. (default 34)
  • Distance Draw: Select the distance in pips of the condition drawings.

SuperTrend

  • Period: Select the Super Trend Period (default 10)
  • Multiplier: Select the Multiplier (default 3)
  • Level: Default level a 0

Telegram

  • Telegram : Active with Yes or Deactivate 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

Downloads

Download the REA_Friendly for the cTrader platform
License:
FREE

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