Lucky Parrot MT5
Lucky Parrot is a trend indicator. On it you can visually determine, at what stage is the price. Blue color histogram indicates the uptrend, red – on downward.
The indicator is not redrawn. Changing parameters settings Offset Factor, we get more or less signals. The smaller the value, the more signals.
Options
- Applied Price – price indicator MA (0 – Close, 1 – Open, 2 – High, 3 – Low, 4 – Median, 5 – Typical, 6 – Weighted)
- MA’s Period – indicator period MA
- MA’s Method – calculation method indicator MA (0 – SMA, 1 – EMA, 2 – SMMA, 3 – LWMA)
- ATR’s Period – indicator period ATR
- Volatility’s Factor or Multiplier – volatility coefficient (correction factor)
- Offset Factor – risk factor (the correction factor)
- Show alerts – Enable / disable visual and audible alerts
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