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MetaTrader 5 Indicator | CHO Smoothed Arrow 2

The idea of the indicator

Display 'Arrow' in the main window if two lines intersect: 'CHO' and 'Smoothed CHO'. Version 2 has more stringent signal checking: the 'BUY' signal can only form below the zero line, and the 'SELL' signal can only form above the zero line.

MetaTrader Experts, Indicators, Scripts and Libraries

Rice. 1. CHO Smoothed Arrow 2

Please note that this is an oscillator and two strategies can be applied:

* apply additional filter from trend indicator

* gain position on each signal

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