Prokaziuk Mikhail 17.03.2017

RentTrade indicator

The RentTrade (RT) indicator is powerful trend indicator which was created to help traders estimate the market movement. It’s based on well known and reliable Bollinger Bands (BB) and Moving Average (MA).

The main feature of RT which dignifies it from other trend alike indicators is “Multi Timeframe” mode. Its calculation result with higher timeframe data can be displayed at current chart

Basic signals: The red/blue arrow is a signal for open sell/buy position. Also, indicator line (which can be enabled in parameters) displays price levels for StopLoss order. An added alert window will show all these signals.

Files

Download (27.31 KB)

08.06.2017

163

Discussion

Join PTMC community to post your comments

Daniel 14.04.2017

Is anyone else having trouble getting this indicator to load on a chart? It is installed correctly and the settings window comes up, but the indicator value is 0 and nothing draws on the chart. Looks like a good one, would love to try it.

Show more Shorten
Prokaziuk Mikhail 18.04.2017
Hello Rich Daniel
Please, give me more info about:
1. What instrument and timeframe do you use?
2. Printscreen of indicator settings.
3. Version (stable or beta) and architecture (x32 or x64) of PTMC terminal.
Show more Shorten
Daniel 02.06.2017

Hi, so I got this indicator working. I really like it and wanted to say thank you and please disregard my message above. The problem I was having is that it is not compatible with IQ Feed Data. I tried it with an Oanda account and does work. Not sure why IQ Feed doesn't work, but it would be nice to use this for futures too. Thanks again for the indicator.

Show more Shorten
Prokaziuk Mikhail 02.06.2017

Hello, Rich Daniel.
Thanks for your feedback. I think, I will update the RentTrade code with the fix next week.

Show more Shorten
Prokaziuk Mikhail 08.06.2017

Hi, Rich Daniel.
The problem with future instruments is fixed. You're welcome to try).

Show more Shorten