This is a trading system that automatically provides buy and sell signals. The technical indicator is similar to a standard ASCTrend indicator but also takes into account the support and resistance levels.
The signals are calculated by two WPR Larry Williams with different periods (fast and slow).
When the signals match, the PerkyAsctrend indicator generates a trading signal:
- Buy Signal: blue dot below the price – bullish trend
- Sell Signal: red dot above the price – bearish trend
- File: xfe-perkyasctrend1.mq4
- Size: 3 Kb