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Cronex T MA Parabolic is a trading algorithm based on the interaction of effective Forex indicators. The indicator is designed to trade with the trend, namely to determine its direction and strength and open trades in this period. To make calculations, the indicator uses data obtained by the functioning of several indicators at once. The indicator is presented in the lower window of the price chart in the form of a histogram, the columns of which have a certain color and direction. Depending on these indicator factors, trading is made.
The Cronex T MA Parabolic indicator is suitable for any timeframe and any currency pair.
Input parameters
The input parameters of the indicator consist of five points, each of which is aimed at changing its technical work. At the same time, it should be borne in mind that their values are associated with the choice of timeframe and currency pair. The Colors section in its settings is used to change the color scheme and line thickness, and the Levels section to add signal levels to the histogram window.
- Ma - value of the moving average period of the indicator. The default value is 13.
- method - type of moving average smoothing used by the indicator. The default value is 3.
- app_price - type of price to which the indicator calculations are applied. The default value is 0.
- Step - value of the indicator step. The default value is 0.002.
- Maximum - the maximum value for calculating indicators. The default value is 0.04.
Indicator signals
Cronex T MA Parabolic is very simple yet effective to use. It generates signals when a strong market trend is detected, using the current factors of the histogram, namely the color and direction of the current bars. If the histogram indicates an uptrend, long positions are opened, and if downward trend-short positions. In both cases, trades should be closed at the moment of a change in the direction of the current trend in the market.
Signal for Buy trades:
- Histogram bars below and above level 0 are color-coded with growth value and increase with each candle.
Upon receipt of such conditions on a signal bullish candle, a buy trade can be opened, due to the presence of an upward strong trend in the current market. The trade should be closed upon receipt of the opposite conditions from the indicator, namely, when the color or direction of the histogram bars changes. At this moment, a change in the current trend is determined, which will allow considering the opening of new trades.
Signal for Sell trades:
- The histogram of the indicator forms columns with the value of the fall, falling lower with each candle.
When a full combination of conditions is received on a signal bearish candle, a sell trade can be opened. At this moment, a strong downtrend is determined in the market. Such a trade should be closed when the current trend changes, namely, when the color or direction of at least one bar of the histogram changes. At this moment it can be considered opening new trades.
Conclusion
Cronex T MA Parabolic is a very accurate trading algorithm based on very effective forex indicators. In addition, it is very easy to use for trend trading and is suitable even for beginners who can strengthen not only the use of the indicator, but also general trading skills that help when trading on a real deposit.
You may also be interested The Trend Waves Signal trading indicator for MT4
