Way Market display indicator: how it works

In the modern market there are many algorithmsassessment of the market situation, which differ in complexity and capacity. In recent times, traders have increasingly resorted to using the Market Way indicator (in Russian, which means "market path").

What is it

Using the Way Market display indicator,traders can accurately predict the dynamics and trends of price changes in the market, and determine the optimal place for placing positions. The undoubted advantage of this indicator is more accurate signals, in comparison with the classic "Stochastic" and MACD. In addition, there are some differences in the positive side and its basic principles.

Way Market display indicator: how it works

The algorithm window is located below the price level. In it you can see a set of multicolored lines and a histogram. The orange curve (the main curve of the algorithm) corresponds to the trend line. The upward trend is indicated by green and green curves, and the downward trend is indicated by lilac and pink. You can check the validity of the algorithm signals using a histogram.

Installation and optimal settings of the Market Way

The process of setting the indicator is fairly simple andwill not cause questions even for novice users. To start working with the algorithm, you need to activate it. Only after this operation you can go to the options window.

The Way Market display indicator has the following main parameters:

• IdMain - draws a trend curve in the indicator window.
• IdBear - setting the parameters of the downward trend curves.
• IdBull - adjustment of parameters of curves of ascending tendencies.
• IdArray - smoothing curves in the window. Thanks to anti-aliasing, you can get rid of market noise and reduce the risk of false signals.

A successful result of the algorithm depends oncorrect optimization, therefore, certain recommendations should be followed. The Way Market display indicator may initially seem too confusing. It's worth noting that it's not easy to set up the indicator correctly, so it's recommended to start working on the default settings.

Features of the application in work

The Way Market display indicatoruse in three ways. In the first variant, you need to track the position of the blue dots. So, when placing points above the orange curve, you need to create positions for the purchase, and if the blue dots under the orange curve are positions for sale.

The second way is to assess the marketsituation according to the position of the histogram with respect to zero. If the columns are positioned below zero, provided that the orange curve of the trend increases, this is the signal for creating purchase positions. If the columns are positioned below zero and the trend of the orange curve is to decline, you need to create positions for sale.

The essence of the third (most secure) way of using the Market Way is to focus on three signals. The essence of this method is as follows:

• The rising trend of the orange curve.

• Crossing of green and orange curves.

• The blue hue of the histogram and its location under the zero mark.

For beginners, the algorithm is recommended to use a demo account for detailed familiarization with all the intricacies of setting and using the algorithm.

Main advantage: Way Market display indicator and good forecasts

In accordance with its nature, the indicatorMarket Way is a very complex oscillator algorithm for in-depth technical analysis. The undoubted advantage of this algorithm is the ability to display both the strength of bulls and bears, as well as the ability to follow the moment of weakening sellers and buyers.

Also, the Way Market display indicator allowsfollow the current trend (moving averages). Therefore, in addition to a simple force measurement, it can be used to determine the flow trend quite accurately.

Thanks to all the above features, the Market Way indicator is a complex, powerful system indicator that can be easily used to determine the tactics of trading.

Strategies in the Market Way

The algorithm allows you to apply the strategy toan arbitrary portion of the time frame. But, because of the low level of market noise, has a display indicator Way Market disadvantages: the advantages are the senior bidders. Consider the main strategies in the algorithm:

Signal for purchase:

1) The red line in the center signals an upward trend of the market, settling over zero.

2) The line of bulls of light green color should be located so as to cross the line of the moving average (dark green) from the bottom up or above it.

3) The line of bears (dark pink color) crosses the bottom of the moving average line (blue), or is located above it.

The minimum value of the signal candle isset the order "stop". It is also true to set it on the values ​​of local minima and maxima. But the most advantage is the setting "stop", when the signal candle reaches the minimum value after its closing. The profit is equal to the signal "stop".

Signal for sale:

1) The downward trend of the market - the red line in the center passes under zero.

2) The bull line crosses the line of the moving average from the top down or is below it.

3) The line of bears is located below the moving average line or crosses it from top to bottom.

Effectiveness

As the practical experience shows, the indicatorThe display of the Way Market was tested for efficiency in monitoring nine currency pairs. Open were no more than 3-4 transactions at a time. As a result, the trader will manage to make 20 successful transactions. In this case, all open trades will be closed during the day due to low profits (20-30 points).