CTG Structure-x Indicator: Forecast on currency pairs
CTG Structure-x indicator - is a predictive indicator based on the assumption that there are certain points on the price chart, after passing which the price starts to display the opposite graphical formation.
CTG Structure-x indicator uses readings Moving Average indicator with a shift and period depending on the distance between the moving average and the center of the structure (the farther the MA is, the larger the period).
CTG Structure-x indicator settings
- xdist - number of bars that make up the indicator forecast
- R1 - minimum number of bars that the indicator takes to take into account graphical formations on the history.
- Bars1 - history segment, on which the indicator will search for graphic formations.
The experts at ForTrader.org believe that you should not rely on the CTG Structure-x indicator as a source of trading signals, however, it can serve as an assistant in making trading decisions in combination with other technical indicators.
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