Trade On The Test

Trade On The Test the indicator gives Buy/Sell Signals in the form of up or down arrows based on the best trend available that is identified by the algorithm.

Features

The Indicator attempts to find out the best trend by analyzing the price movement as well data collected from the Ichimoku indicator. After the trend has been identified and /confirm/ied, the indicator will identify the optimum entry level upon a retest to this trend, and then will give a buy or sell signal accordingly.

Signal Types

We have four arrows Aqua, Red, Lime, Magenta.

• Aqua means open buy
• Red means open sell

Indicator Parameters

• Bar back: this refers to number of Bars where the previous arrows are still appearing (on chart)
• Arrow distance: this is the place of arrow under or above the candle by points
• alert On: Enable or Disable alert. true=ON, False=OFF.
• Use_Info_Chart: Enable or disable displaying information on chart
• IC: Ichimoku
• Tenkan sen: Tenkan sen Period
• Kijun sen: Kijun sen Period
• Senkou sen: Senkou sen Period

Operating notes

• Recommended Timeframe: 4 hours
• Recommended Symbol: all Forex pairs, CFDs

only use Arrows in Red and Aqua for entries and exits.

It's recommended to open an opposite order when an opposite signal arises with double lot size.