Forex Abiroid ProfitPercent Arrows MA Confluence MT4 Indicator

Forex Abiroid ProfitPercent Arrows MA Confluence MT4 Indicator:

About the Forex Abiroid ProfitPercent Arrows MA Confluence MT4 Indicator

Strategy:

Main Signal Indicators (Any One): MA Cross (In-built) or Hull, OBV Cross, Heiken Ashi Cross

Validation Indicators (Preferably less than 3): OBV (with Min Distance), Heiken Ashi, ADX, SuperTrend, PSAR, Higher TimeFrame EMA Alignment

Main Signal will first generate a BUY/SELL Signal when:

If MA Cross True:

  • BUY: Fast MA crosses Slow MA upwards
  • SELL: Fast MA Crosses Slow MA Downwards

If OBV Cross True:

  • BUY: OBV Crosses OBV-MA upwards
  • SELL: OBV Crosses OBV-MA downwards

If Heiken True:

  • BUY: Heiken Changes from Bearish to Bullish
  • SELL: Heiken Changes from Bullish to Bearish

If MA Cross is true and OBV Cross and Heiken are also True, it will only use MA Cross as Main Signal. While OBV and Heiken will be used as Validating Signals.

There can be only 1 Main Signal which will generate the BUY/SELL Arrows. All other indicators will be used for validation only.

Once a BUY/SELL Signal is generated, it will check all validating indicators and see if they also indicate a BUY/SELL.

If they don’t validate, then signal is ignored. Or else if everything is in Confluence then you will get a BUY or SELL Arrow and SL and TP lines will be generated.

All Signal Settings:

MA Cross Checks (Main Signal)

  • MA (In-Built with MT4)
  • Hull MA

OBV Cross Check (Main or Validation)

In Dashboard, for MinOBVDist (Minimum OBV Distance) you can also set different values for different timeframes. This will also work in Arrows Indicator.

It’s useful in arrows because you might want to save a common template that the dash will open. And would like all values to be preset.

OBV-MA: Is the Moving Average of “OBV_MA_Period” number of last OBV Values. Using “OBV_MA_method” Moving Average Method.

BUY: OBV should be at least Min Distance above OBV-MA

SELL: OBV should be at least Min Distance below OBV-MA

Heiken Cross Check (Main or Validation)

BUY: Heiken should be Bullish

SELL: Heiken should be Bearish

ADX (Validation):

ADX should be above Threshold for both BUY and SELL

BUY: +DI should be above -DI

SELL: -DI should be above +DI

SuperTrend (Validation)

BUY: SuperTrend should indicate Buy (Blue)

SELL: SuperTrend should indicate SELL (Orange)

PSAR (Validation)

BUY: PSAR dot should be under the price

SELL: PSAR dot should be above the price

EMA Higher Timeframe Align (Validation)

If Number of timeframes is 3, it will check current timeframe alignment with 2 higher timeframe alignment.

If all are aligned with Main Signal, then it will allow the signal.

Test results:

Forex Abiroid ProfitPercent Arrows MA Confluence MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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