EATA – joint work of the two oscillators
EATA indicator 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
Platform: Metatrader4
Currency pairs: Any currency pairs (recommended Major)
Trading Time: Around the clock
Timeframe: Any
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:
eata-settings
CCI_per [default = 14] – the period of calculation of CCI
RSI_per [default = 14] – the period for calculating the RSI indicator
Ma_Period [default = 2] – the period for calculating the Moving Average indicator
koef [default = 8] – 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.
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