TrailCD - Forex Oscillator
TrailCD indicator belongs to the class of oscillators. The general view of the indicator is represented as a histogram with a zero line. It would seem that there is a great similarity with other indicators, but TrailCD has a feature that, according to the author, makes it more profitable to work with.
The calculation of the indicator readings is based on the readings of the trawl, which moves behind the price at a distance of no more than Trail points. As a result, the indicator shows the difference between the line with a smaller and larger trail.
TrailCD indicator trading signals
It is recommended to open trades under the following conditions:
To purchase: If the histogram of TrailCD indicator is positive, but decreasing, it is necessary to place a pending BuyStop order on the High of the previous bar.
For Sale: if the TrailCD data is negative, but the indicator is rising, place a pending order SellStop at Low of the previous bar.
You can close trades when the histogram crosses the zero mark, or you can use StopLoss on the fast trawl line.
