By stacking these conditions, the indicator reduces the number of false signals compared to a standard RSI or Stochastic indicator.
A verified seller on MQL5 will display:
This system provides a clear before any trade is executed. For example, a typical long trade on GBP/USD (H4 chart) would involve a Dominant Break to the upside, CB1 confirmation, a retracement back to the 0.236 zone for entry, a stop loss placed below the base, and TP1 targeted at the 1.618 extension. fmcbr indicator verified
100-period EMA applied to Close (White). Macro Trend Filter: 150-period EMA applied to Close (Red). Phase 2: Momentum & Support Confirmation Windows
To filter out false breakout traps, configure two isolated sub-windows directly beneath the price chart: Sub-Window Technical Indicator Optimized Input Settings Key Execution Levels Williams Percent Range ( %WPR ) Period: 100 (Blue line) Extreme Levels: -20, -30, -70, -80 Window 1 Williams Percent Range ( %WPR ) Period: 5 (Pink line) Momentum trigger line Window 1 Williams Percent Range ( %WPR ) Period: 10 (White line) Fast structural trend line Window 2 Relative Strength Index (RSI) Period: 3 (Gold line) Overbought/Oversold: 20, 30, 70, 80 Window 2 Awesome Oscillator (AO) Standard Settings (Green/Red) Histogram crossing zero line By stacking these conditions, the indicator reduces the
: Typically multiple periods to identify trend strength.
The next evolution of the will likely move away from central databases to distributed ledger technology (DLT). Imagine a permissioned blockchain where every correspondent banking agreement is a smart contract. 100-period EMA applied to Close (White)
While default settings provide a solid baseline, performance varies across asset classes like Forex, crypto, and equities.
What do you use? (TradingView, MetaTrader 4/5, NinjaTrader) What is your preferred asset class ? (Crypto, Forex, Stocks)
Draw the Fibonacci retracement from the breakout high to the low (for a buy) or vice versa.
Many versions allow you to see higher-timeframe trends while trading on lower timeframes (e.g., seeing the H4 trend while on the M15 chart).