Forex Stock Exchange Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Forex Stock Exchange Forum

Forum About Trading on Forex,Stock,Binary Options, and CryptoCurrency


Yukimura trading robot
advertisement

Cyborg Pro
advertisement

Cyborg Pro
advertisement

You are not connected. Please login or register

Forex Stock Exchange Forum » Forex and Stock Trading English Forum » Platforms,Coding/Sripts,Expert Adviser,Indikators, » MBA VertexFX Indicator

MBA VertexFX Indicator

Go down  Message [Page 1 of 1]

1attention MBA VertexFX Indicator Wed Nov 20, 2019 1:04 pm

indicdeveloper



The MBA is a powerful VertexFX client-side indicator based on four indicators, namely MACD, RSI, Stochastic Oscillator and Momentum indicator.
Each of these indicators have specific characteristics and responds to the price changes in different ways. By combining these four indicators MBA provides a holistic view of the price movements.
The MACD and Stochastic Oscillator provide a good insight into the strength of the trend. When both of these are rising it is the sign of a strong bullish trend. When they are falling it is a sign of a strong bearish trend. When MACD and Stochastic Oscillator are moving in opposite direction it points to trend exhaustion or sideways direction. The Momentum indicator tells us how far the price has changed over the reference period. Greater the value of Momentum, stronger the trender.
The raw MBA value is calculated by multiplying the sum of MACD and RSI with the Stochastic value, and then dividing it by the Momentum. The refined MBA is then derived by computing the Simple Moving Average (SMA) of the raw MBA value.
When MBA is GREEN and rising it indicates a bullish trend. When it is YELLOW and falling it indicates a bearish trend. Since the MBA is an oscillator, bounded between 0 and 100, the crucial levels are 20 and 40. When MBA turns GREEN below 20 it is considered a good opportunity to buy, and whereas when it turns YELLOW above 40 it is considered a good opportunity to sell.

BUY / EXIT SHORT - Enter LONG (or exit SHORT) at close of candle when the MBA indictor turns GREEN below the 20 level. The stop-loss can be placed below the nearest Swing Low.

SHORT / EXIT LONG - Enter SHORT (or exit LONG) at close of candle when the MBA indicator turns YELLOW above the 40 level. The stop-loss can be placed above the nearest Swing High.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum