Combining Technical Indicators to Plot Buy and Sell Arrows
Summary
This document describes a chart indicator that plots upward or downward arrows when conditions involving one or two selected technical indicators are met. The available inputs include moving averages, MACD, OsMA, stochastic, RSI, CCI, RVI, ADX, triple exponential average, and Bollinger Bands. In practice, the tool presents indicator conditions as visual markers on a chart, allowing a trader to inspect potential directional signals.
The description does not specify the precise conditions that trigger an arrow, how indicator parameters are set, or whether signals are confirmed at bar close. It provides no backtest, market examples, accuracy measures, or rules for entries, exits, and risk management. The listed indicators cover different kinds of price and momentum analysis, but combining them into arrows alone does not establish a profitable strategy; users would need to examine the signal logic and test it against suitable data.
Key ideas
- The indicator plots directional arrows when selected indicator conditions are met.
- Signal conditions may use one indicator or a pair of indicators.
- Available inputs include trend, momentum, oscillator, and volatility tools.
- The description gives no precise trigger rules or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.