Matrix Indicator – is a simple but effective indicator.
Matrix indicator lamp shows the conventional oscillators, using the friendly color-coded.
This makes it easy to determine the times when all indicators show the same value, and to find the most promising entry opportunities.
Input parameters of the indicator:
- Indicator – choice of indicators: RSI, Stochastic, CCI, Bollinger Bands
- Param1 / Param2 / Param3 – Display Setting
- ValueMin – level oversold oscillator
- ValueMax – level overbought oscillator
The indicator can be used for all instruments: Forex, stocks, commodities, futures.
Display Setting Example:
- Indicator = RSI
- Param1 = 14
- ValueMin = 10
- ValueMax = 90
- Indicator = Stochastic
- Param1 = 5
- Param2 = 3
- Param3 = 3
- ValueMin = 20
- ValueMax = 80
- Indicator = CCI
- Param1 = 14
- ValueMin = -100
- ValueMax = 100
- Indicator = Bollinger
- Param1 = 20
- ValueMin = -2.0
- ValueMax = 2.0
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- Returns MT4
- Bressert Hal Slow