Voltage Arrows – multi-currency arrow indicator. Its signals are based on an algorithm that uses the currency pairs specified by the user as filters.
The indicator first calculates the voltage points for the pair on which the indicator is installed, and then conducts them through multi-level filtering, based on the readings of other currency pairs.
Voltage Arrows is a tool for implementing a variety of multi-currency strategies.
The indicator can be used on any timeframe. Signals are given at the close of the candle. The arrows do not blink, disappear, or redraw after they appear.
Matching Signal settings. 7 parameters, each with a list of 28 currency pairs gold and silver. Each parameter involved in this section indicates to the indicator that the signal directions of the current pair and the selected filter pairs must match.
Opposite Signal settings. 7 parameters, each with a list of 28 currency pairs gold and silver. Each parameter involved in this section indicates to the indicator that the signal directions of the current pair and the selected filter pairs should be opposite.
Matching Signal settings. 7 parameters, each with a list of 28 currency pairs gold and silver. Each parameter involved in this section indicates to the indicator that the signal directions of the current pair and the selected filter pairs must match.
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Opposite Signal settings. 7 parameters, each with a list of 28 currency pairs gold and silver. Each parameter involved in this section indicates to the indicator that the signal directions of the current pair and the selected filter pairs should be opposite.
- Depth. Calculation depth. The last N bars on the chart for which signals will be calculated. It is not recommended to use a value greater than 1000! (may cause the terminal to freeze). If there is no need to visualize the previous signals, then it is recommended to set the value of this parameter as low as possible.
- Period. The period of the indicator. You can use values from 7 to 50000, depending on your strategy.
- Filter. In the true position, it serves as an additional signal filter. In the false position, it increases the number of signals, but reduces the accuracy. In cases where your settings give very few signals or do not give at all, you can switch to the false position and evaluate the indicator readings in this form.
If at least one of the Matching Signal or Opposite Signal parameters is used in the indicator settings, the indicator readings in the tester will not correspond to real signals, since mt4 does not support testing of multi-currency strategies. If all currency filters are disabled, the signals will match, but it is undesirable to use this mode for trading, since the accuracy of the signals will be very low. (If you use the indicator without filters, the value of the Period parameter must be set to at least 200 for M5).
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