Break It Down
Break It Down is based on the directional movement index (Directional Movement Index), which reports that the trend of the market is likely saturated and ready to be weakening. This model is more predictable in the application of this during the rally in the , but within the trading range. As traders are selling in the fear that the market often moves faster when reduced! When this happens, it may be a good move.
As traders are no longer interested in the trend, the will decrease and the price roll back to normal. Overstock is usually faster than a rally, so is suitable for scalper based on quick entry and exit.
Saturation trend is determined by using an index of the Middle Directional Movement (Average Directional Movement Index) and the mean volume. Being in the trading range is determined by using a large channel and Bollinger bands Keltnera (recommended to install both 5 times larger than a conventional averaging period 20). Finding the market within a narrow range determined by the search time when the upper and lower Bollinger line to get inside Keltner channel. The probability of occurrence of the pattern Break It Down more likely within this narrow range, so the signal will be displayed.
Features
- Intelligent way to recognition of the trend you are ready to roll back or full reversal.
- Select the number for which the difference between the values of the lines most likely forecast a trading range.
- Selection of the preferred color signal and Bollinger bands.
- Sending notifications on the screen, email or smartphone.
settings
SECTION_A
- Bands_Period - period moving average of the Bollinger Bands. (IMPORTANT: It is recommended to keep the value of 100, which is 5 times more than usual value of 20)
- Bands_Shift - the number of bars for the calculation of past, starting with the current. For example: 0 = current bar, 1 bar = previous
- Bands_Deviation - calculation of standard deviation.
- Bands_Price - price type for the calculations: PRICE_CLOSE, PRICE_OPEN, PRICE_HIGH, PRICE_LOW, PRICE_MEDIAN, PRICE_TYPICAL, PRICE_WEIGHTED
SECTION_C
- Keltner Period - period moving average to calculate the Keltner bands. (IMPORTANT: It is recommended to keep the value of 100, which is 5 times more than usual value of 20)
- Keltner ATR - Average True Range for Channel Keltner. (IMPORTANT: It is recommended to keep the value of 5.0 instead of the usual 1.5)
- Keltner Moving Average Mode - The type of moving . For example: 0 = easy, 1 = exponential smoothed = 2 and = 3 linearly weighted
SECTION_B
- Bear Arrow Color - the color of the bear shooter
- Bollinger Color - color line of the Bollinger Bands.
- Volatility Line Color - the color of the lines derived from a given margin lines
SECTION_C
- Soundfile - sound file to alert
- PlaySound - at true will be made audible warning to the false will not.
- MessageBox - true true pop-up messages will appear at false will not.
- SendeMail - at true messages will be sent by e-mail at false will not.
- SendMobile - at true notification will be sent to a mobile device when false will not.
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