Arrow Entries II
Arrow entries II indicatorArrow entries is a tool to help make entry decisions. It draws arrows for buy and sell and is based on 2 Signals and filtered by fast over or under slow Moving Average.
Do not confuse this with my other indicator Arrow Entries. The rules for a signal is different.
Arrow Entries II produce less signals than Arrow Entries, but are more precise
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Input variablesPeriod Signal1: How many candels to calculate Signal1.Period Signal2: How may candels to calculate Signal2.Shift_Signal2: Candels back to be used.Overbought/Oversold area: Value between 0-100Moving AveragesMAfast: Candels to calculate fast MA.MAslow : Candels to calculate slow MA.
You also have three alert types to notify you of a signal.1. Popup Alert3. Push notifications Alert
Can be used on all currencypairs and timeframes. But I have found that 30M gives the higest winratio. Example EURJPY (picture 1) from January to November 2018 using TP/SL 1to1 had 61% winning trades.
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