ZCOM Forex Daily Trend

This indicator can display the daily trend direction of 4 different currency pairs. It uses the following indicators and parameters to determine the current trend:

  1. Smoothed Moving Average (100) on H1 timeframe;
  2. Smoothed Moving Average (50) on H1 timeframe;
  3. Stochastic (30,1,3) on H4 timeframe.

Signals are generating according to the following rules:

  • Bearish Trend: SMA(50) < SMA(100); Stochastic < 50 level.
  • Bullish Trend: SMA(50) > SMA(100); Stochastic > 50 level.
  • Flat Trend: SMA(50) > SMA(100); Stochastic < 50 level or vice versa.

This indicator is moslty used for intraday trading.

Zcom Forex Daily Trend

Download

  • File: ZCOMForex_daily_trend.mq4
  • Size: 12 Kb

ZCOM FX Daily Trend v2

This version generates arrow signals directly on the chart.

Zcom Fx Daily Trend V2

Download

  • File: ZCOMFX daily trend v2.mq4
  • Size: 16 Kb
ZCOM Forex Daily Trend posted by is rated 5 / 5 on 2210 reviews.

Leave a Reply

Your email address will not be published. Required fields are marked *

Protected by WP Anti Spam