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cQ-Aroon MT4 Indicators | ||||||
cQ-Aroon Adaptive | |||||||
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Requirements July 23, 2023 - Updated to v1.1 |
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The cQ-Aroon Adaptive is an Aroon indicator with an adaptive period, meaning the period changes depending upon the price action. The indicator is used for confirmation using the No Nonsense Forex trading system. It will generate an orange dot when a SELL is possible, and a blue dot when a BUY is possible. This version has two mode of operation:
Of the two the 1st search current price seems to work best. When using the 1st mode (search for high/low) the indicator uses the current applied price. The Cross Must Happen Above the Upper Level parameter can be used to increase or decrease the number of dots (blue or orange). A higher value will remove more dots. Crosses that occur below 50 are generally thought of as sideways action. The adaptive period works best with periods greater than 12. The default setting is 24 period. Periods shorter than 12 may generate too many signals. You can disable the adaptive period and select between using a higher than the value than that of the Aroon indicator. Using a higher value causes the period to become shorter. The Adaptive Period Steepness (slope) can be used to shorten or lengthen the period. Using a higher value shortens the period more. The indicator will draw 'X' number of dots after the trend change is dectected, which is useful if you are allow for more than one candle agreement between your other indicators in your system. Version 1.1 update: I added another mode that draws the Dots 'Anythime Line Crosses Above Upper Level'. If you look at the above main chart image you'll see the dots being drawn without the two lines crossing one another. This new modes may help to get back into a trade when price is trending. |
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cQ-The Aroons v1.0 Indicators | |||||||
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Requirements May 20, 2023 |
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Overview | |||||||
The cQ-Aroon indicator is used as a confirmation indicator. It will generate an orange dot when a SELL is possible, and a blue dot when a BUY is possible. The zip file contains five different variations of the Aroon indicator for MT4. The Aroon-cQ is a standard type of aroon indicator, while the cQ-Aroon has a smoothing option. The cQ-Aroon Double allows for two periods to be used. The cQ-Snoopy Aroon has two modes, normal mode and another mode that uses moving averages for trend detection. All the aroon indicators can draw 'X' number of dots after the trend change, which is useful if you are allow for more than one candle agreement between your other indicators in your system. |
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