ACeVectorBands2016OnChart

prehistory: On Chart Indicator is based on my oscillator ACe_Vector2016.

How was it possible to make sure this LED draws two bands on the chart to identify opportunities to buy and sell.

When the oscillator momentum vector (ACe_Vector2016) crosses the zero line, On Chart indicator draws a long / short signal (green / red arrow).

Also on the schedule is possible to determine the trend line (MA): Green in an uptrend, red when descending.

This indicator draws the upper and lower asymmetrical strip. If the price goes up, the lower band becomes simple, and the upper band connects the maximum prices of bars. If the price goes down, the indicator draws the upper band simple and connects the lower minimum prices for bars. This is done only for the pure purpose of identification.

Traders recommended to use both tools (LED On Chart and oscillator) for determining the most pure signals.

Item display (Try to use their settings):

• input int SPeriod = 14; // smoothing period


• input ENUM_MA_METHOD SMethod = MODE_EMA; // smoothing method (one of MA_Methods methods can be selected)


• input int nShift = 10; // Offset of bands and the signals in the graph (select a suitable value for pure displaying arrows on the graph)


• extern int periodMA = 10; // period moving average


• input ENUM_MA_METHOD methodMA = MODE_SMA; // Method: SMA, EMA, SMMA, LWMA


• input ENUM_APPLIED_PRICE price = PRICE_TYPICAL; // desired price for the calculations


• input double nCoef = 0.10; // noise ratio to adjust

Other parameters of the indicator:

• Period - the number of bars that are used in the calculation of the indicator is 14, but you can specify its parameters.


• TimeFrame - senior timeframe in which we take the value of the indicator - a H1, but it also works well on the M30. The indicator should be started on schedule with the timeframe of not less than M15.


• ShowEntries - to display the entry points in the history of the chart for visual analysis, the indicator uses a red / blue arrow in the chart's history.


• Symbol: The character can use this indicator for currencies (EURUSD, USDCAD, ...) or Futures and CFD. Adjust "nShift", to see the entry point (arrow) more clearly