Tester marks buy signals on bearish candles and sell signals on bullish candles, with optional DCA logic that requires lower consecutive entries and an average take-profit target. The indicator plots buy and sell shapes on the price chart, provides alert conditions, and updates a label displaying elapsed time alongside total buy and sell cycles.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Test DCA
string
No
testDCA
Take Profit
float
1.0
TakeProfit
Stats Color
color
#0000ff
colStats
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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