gives the signals to the input of the points of a trend reversal on the testimony of RSI and CCI oscillator.
At the same time instead of the usual RSI uses fast RSI. The difference is that in the usual oscillator RSI
its value is calculated by using the exponential method, in a fast RSI – simple relation applies.
Characteristics of EATA indicator
Currency pairs: Any currency pairs (recommended Major)
Trading Time: Around the clock
Recommended broker: exness
Trading rules by the EATA indicator
Crossing of the red and blue lines of the indicator are signals to buy or sell.
For the convenience of the trader indicator also displays the signals to buy and sell in the form of blue and red arrows.
Blue Arrow is a signal to buy, and the red signal to sell:
Settings dial indicator forex EATA
Settings in this indicator a little bit and they are intuitively clear:
CCI_per [default = 60] – the period of calculation of CCI
RSI_per [default = 25] – the period for calculating the RSI indicator
Ma_Period [default = 4] – the period for calculating the Moving Average indicator
koef [default = 16] – the number of bars used for the calculation of the indicator
arrows [default = true] – on/off display of arrows
EATA should not be used as a self-contained source of trading signals.
Much more effective is its use as a part of trend trading strategies as a filter
or a set of indicators to determine the entry point into the market.
File Password: www.ex4forex.com
Guide for installing Expresspads scripts and templates:
To install the meta-indicator in the meta-tag, first click on the File.
Then select the open data folder menu from the menu.
Open the folder on the page to install the template
Attach your own template that you previously copied.
Open the MQL4 folder to install the indicator or EXPERT or script
And then install the indicator if you want it
In the index folder and if the EXPERT is in the EXPERT folder
And if you have a script, copy and paste in the script folder.
Now close your meta trader and open it again.
In the corresponding menu, you see the indicator, the Express or the desired script added
Just select your desired chart
And click on the indicator or Express or the script you like to call it.
For the template, if you right-click on your chart and see the Templates section
The template you have added is now and you can call it.