MArket Wave

MArketwave is a multicurrency, trend following indicator which combines three of the most commonly used parameters.

Parameters

• Moving Averages
• Bollinger Bands
• Stochastic Oscillator

The parameters have been customized to provide accurate signals.

Signals

• Thick dark green up arrows - Uptrend
• Thin light green up arrows - Buy
• Thick red down arrow - Downtrend
• Thin red down arrow - Sell

Trading tips

• Check the trend with thick arrows
• Buy or sell with thin arrows only in the direction of the main trend
• Stochastic Oscillator is used to assess overbought/oversold conditions

Timeframe

• M1, M5 - for intraday
• H1, H4 - for positional

Risk Management

• Start with 10% of your account balance
• Use martingale on appearance of arrows only
• Opposite color arrows should be the stop loss