Three Screen Elder Arrows – indicator MetaTrader 5

Real author:

Alexander Elder

The indicator is based on the trading system “Elder’s Triple Screen”: we have 3 timeframes (windows) 1 – the highest, 2 – medium, 3 – the lowest or the current one. To avoid errors, it is not recommended to change their positions. The algorithm is based on a very simple principle: if MA grows on the specified timeframes (windows) – buy, if falls – sell.

Figure 1. The indicator


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