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Two Rivers Alert indicator

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by , 11-23-2019 at 11:33 AM (94 Views)
      
   
Two Rivers Alert - indicator for MetaTrader 5

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Two Rivers uses two iMA (Moving Average, MA) indicators in its calculations - one is calculated at High prices, and the second at Low prices. We will call these indicators iMA High and iMA Low, respectively.
The signal comes only if the minimum bar price is lower than the iMA Low indicator, and the maximum bar price is higher than the iMA High indicator:
  • bullish bar - an arrow is drawn in the indicator buffer " Up "
  • bearish bar - an arrow is drawn in the indicator buffer " Down "

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