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Arithmetic Trader

Arithmetic trader is an overbought and oversold indicator of momentum and strength oscillators such as the Commodity Channel Index and Rela...

Arithmetic trader is an overbought and oversold indicator of momentum and strength oscillators such as the Commodity Channel Index and Relative Strength Index. The Arithmetic trader indicator therefore generates buy and sell signals based on this principle by drawing on the chart a blue arrow (purchase) and a red arrow (sale) with the related stop loss and profit target levels. But you also exit the position when the opposite arrow is drawn on the graph.
The indicator works well when the market is lateral, so it applies to securities like EUR / USD, EUR / CHF, AUD / CAD, USD/CHF what is important is that the currency pair is in laterality.
The default time frame is H1.
In the pictures Arithmetic Trader examples of trades.
Arithmetic Trader

Arithmetic Trader
Alternative way to trade with Artmetic trader indicator MT4
An alternative way to work with the Artmetic trader indicator is to consider the indicator not as entry timing but as inversion and to use the W.A explosion indicator as the entry timing.
In this case you can trade on multiple time frames and you can use all the currencies, so you value the goodness of the Arithmetic trader indicator to predict a reversal of market prices.
Time Frame 30 min or higher.
Currency pairs: major, minor, Gold, Silver, Oil and Stock indexes.
Metatrader 4 Indicators
Arthemetic Trader
Bollinger Bands (period 20, deviation 2.0).
Parabolic Sar MTF (0.2-0.02).
WA Explosion (150, 30,15,15).
Tradig rules
Buy
Arthmetic Trader buy arrow.
Entry n the Market when WA Explosion histogram green is above Moving Average.
Sell
Arthmetic Trader sell arrow.
Entry in the Market when WA Explosion histogram red is above Moving Average.
Exit position option:
Place initial stop loss on the previous swing High/Low.
Exit when WA Explosion histogram is below moving average, when Parabolic Sar changes direction or with ratio stop loss 1.18.
In pictures examples of trading with Arthmetic Trader.
Alternative way to trade with  Artmetic trader indicator MT4

Alternative way to trade with  Artmetic trader indicator MT4

Alternative way to trade with  Artmetic trader indicator MT4

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