Deep River AM 外汇EA

The presented indicator is the author’s implementation of the idea embodied in the Alligator indicator, which has already become a classic.

The proposed product allows you to visually demonstrate the direction of price movement, temporary price rollbacks and zones of multidirectional price movement.

Namely:

• The indicator lines go up and diverge from each other – a strong bullish trend;
• The indicator lines go down and diverge from each other – a strong bearish trend;
• The indicator lines go up but converge together – a weakened bullish trend;
• The indicator lines go down but converge together – a weakened bearish trend;
• The indicator lines are tangled into a tight knot – multidirectional price movement.

Also, the main line of the indicator is a strong dynamic support/resistance line that can be used as a guide when placing protective stop orders.

The indicator has only two adjustable parameters (smoothing, shift) which simplifies its customization.