1. Harmonic Patterns
(Harmonic_2 (2).ex4)
Harmonic patterns are a vital component of this strategy. These patterns, such as the Gartley, Butterfly, Bat, and Crab, are based on Fibonacci retracement and extension levels. The chart shows multiple harmonic patterns, highlighted in different colors, that signal potential reversal points. Traders look for the completion of these patterns to enter or exit trades.
2. Moving Averages
(hma.ex4)
The Hull Moving Average (HMA) is used to smooth price data and provide a clear trend direction. Unlike simple moving averages, the HMA reduces lag and offers more responsive signals, helping traders identify the trend more accurately. The HMA on the chart helps confirm the direction indicated by the harmonic patterns.
3. Super Signals
(!_super-signals_v2.ex4)
The Super Signals indicator provides buy and sell signals based on market conditions. These signals are marked on the chart with arrows or dots, indicating potential entry and exit points. This indicator complements harmonic patterns by offering additional confirmation for trades.
4. Support and Resistance
(WT_SR-Redondos_v1.7.ex4, Daily-Weekly-Monthly Hi-Low.ex4)
Support and resistance levels are crucial for identifying key price levels where the market is likely to reverse or consolidate. The chart includes horizontal lines representing daily, weekly, and monthly highs and lows, helping traders to pinpoint significant price levels.
5. Custom Indicators
(AM TRADING.ex4, APEX_3_fix.ex4, best82%.ex4)
These custom indicators are designed to provide specialized signals and analysis. For instance, the APEX_3_fix and best82% indicators may use proprietary algorithms to identify high-probability trading setups. These indicators add another layer of confirmation to the strategy.
6. Trend Lines
(RenkoStreet_TL.ex4)
Trend lines are used to identify the direction and strength of a trend. The RenkoStreet_TL indicator plots these lines, helping traders to visualize the trend and potential breakouts or breakdowns.
7. Time-Based Alerts
(WT_RelojVela_v1.8.ex4)
This indicator provides alerts based on time intervals, ensuring that traders do not miss critical trading opportunities. It helps manage trades efficiently by alerting traders to significant market events or conditions.