Algorex Indicator

Introduction

We at Algorex have developed a Non-Repaint indicator to identify tops and bottoms. It uses a pattern found in historical tops and bottoms. We found this pattern through quantitative research and trial and error.

What?

The pattern is simple yet effective. It follows a fibonacci like sequence and only uses OHLC values. We don’t use any trend identification or third party indicators, since the pattern itself weeds out bad signals by itself.

Settings

Symbols and timeframes we have found success with (works on lower an higher timeframes):

• EURCAD 3h
• XAUUSD 4h
• GBPJPY 4h
• And more!

Features include:

• Arrow indicator
• Alerts

How?

It is up to you how to incorporate this indicator. We use it as an extra confluence on top of our trading with good results. This indicator was developed as to free up more time from the charts. Message me for more questions on how to incorporate it in you trading.

Instructions

A down arrow indicates a potential sell setup and an up arrow indicates a potential buy setup.

Past performance is no guarantee of future results