AFL Winner Forex indicator technique (MT5)
The technical indicator MT5 AFL Winner (AmiBroker Formula Language) is an oscillator between level 0 (oversold oversold market) and 105 (overbought: overbought market).
A histogram bar AFL Winner green identifies a bullish pressure
an AFL Winner histogram red bar identifies a bearish pressure
included
afl_winner.mq5
smoothalgorithms.mqh
Broker Online - Broker Stock Exchange : Trading Platform MT5 Metatrader
Interpretation Rules - Signals Trading
* buy signal: Forecasts bullish trend
. Bar Training AFL Winner green: rising value
. The AFL Winner crosses down the oversold level and then crosses upwards the oversold level - Buy
. The AFL Winner crosses upward the zero line and becomes positive - Trend bullish
. Divergence bullish: the price is down (again above lower) and the AFL Winner is rising (new higher low) .A upward correction of prices is expected.
* Selling signal: Forecast trend bearish
. Bar AFL Training Winner red: decrease in value
. The AFL Winner crosses upward the level of overbought and crosses down the overbought level - Sell
. The AFL Winner crosses down the zero line and becomes negative - Trend bearish
. Divergence bearish: the price is rising (new higher low) and the AFL Winner is down (again above lower) .A downward correction of prices is expected
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Time and Time unit UT - Time Frame: 1 hour H1
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