Free Ixbone Price Action Indicator

We have coded a new Forex Price Action indicator with extended alert and notification management.

Features:
- Uses 3 Moving Averages instead of original 2
- Calculates with High, Low, Open and Close
- Displays 3 color lines
- Executes an alert and/or notification if the fast and medium MA crosses by Screen, Mail, SMS, Sound, Voice
- Can be used with any timeframe and symbol

How to use it:
- Green line = fast MA (default 5)
- Gold line = medium MA (default 13)
- Red line = slow MA (default 21)

Entry signal:
If the green line cross the gold line, we should take a closer look for an upcoming change of direction, configure the alert and/or notification options well!
If the green and gold line cross the red line, we have a clear signal for a fast entry.
For better signal confirmation, all 3 lines must be above the zero line for BUY or below the zero line for Sell

Exit signal:
All 3 lines cross the zero line

We'll release bi-monthly new indicators, because most available lack on alert&notification management and screen features.

if you have any questions, please feel free to ask me.

best regards

IX

Thanks for the indicator, it's useful!

Which time frames are the best for trading using this indicator? Or do you look at a few time frames together?

Hi Darren,

can be used with any timeframe, settings can be changed to your personal needs!

i suggest to use the fast entry version (Fast+Medium MA) for H4 and greater, the 3 lines above/below "0" to confirm, the trend change.

you can combine different ma's and settings together

Hi,
we have new version of trend catcher & price action indicators available,
please be free to use always the latest version.

Best regards

Michael

IXBONE
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