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Indicator explanation

  • #1
  • First Post: Jan 24, 2022 12:46am Jan 24, 2022 12:46am
Hello,

I have two indicators that I found on Forex Factory, I have attached them to this post for reference.

I have been trying to figure out the conditions for these indicators however when I attempt to test and compare I can not find the pattern. These indicator are free to download so I believe I am not doing anything wrong by trying to find out the guts of these indicators. If I am incorrect on this please let me know and I will edit my post.

In short, I am looking to know why the arrows trigger on both these indicators.

Thank you in advance for helping me learn!
Attached File(s)
File Type: ex4 BON BB Arrow.ex4   11 KB | 222 downloads
File Type: mq4 SMA CrossOver_Justin.mq4   4 KB | 188 downloads
  • #2
  • Jan 24, 2022 4:38pm Jan 24, 2022 4:38pm
well one reason is a moving average cross is trigering. but what is ur purpose of knowing the conditions?
  • #3
  • Jan 24, 2022 5:27pm Jan 24, 2022 5:27pm
I have tried to emulate the moving average cross over conditions however the fast/slow cross over never match up with the arrows.

Can you get a MA cross over to match up with the arrows? If so what settings are you using?

Thank you for replaying and any insight you can offer!!

Cheers
  • #4
  • Last Post: Jan 25, 2022 4:01pm Jan 25, 2022 4:01pm
Quoting Frewster
Hello, I have two indicators that I found on Forex Factory, I have attached them to this post for reference. I have been trying to figure out the conditions for these indicators however when I attempt to test and compare I can not find the pattern. These indicator are free to download so I believe I am not doing anything wrong by trying to find out the guts of these indicators. If I am incorrect on this please let me know and I will edit my post. In short, I am looking to know why the arrows trigger on both these indicators. Thank you in advance...
So have determined that the BON indicater is placing arrows strictly based off of Zig Zag 12,5,3
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