Way Market display indicator: how it works

In the modern market, there are many algorithms for assessing the market situation, which differ in complexity and power. 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 fairly accurately predict the dynamics and trends of price changes in the market, and determine the optimal places for placing the positions. The undoubted advantage of this indicator is more accurate signals, in comparison with the classic "Stochastic" and MACD. In addition, there are several 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 shown by green and green curves, and the downward trend is shown in lilac and pink. Verify the validity of the algorithm signals by using a histogram.

Installation and optimal settings of the Market Way

The process of installing the indicator is fairly simple and will 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.

The successful result of the algorithm depends on its correct 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 indicator can be used in three ways. In the first variant, the position of the blue dots should be monitored. 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 market situation 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 positions for purchase. 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 the following:

• The upward 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 Market Way indicator 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 allows you to monitor the current trend (moving averages). Therefore, in addition to a simple force measurement, it is possible to determine the flow trend quite accurately with its help.

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 to an arbitrary portion of the time frame. But, due to low level of market noise, has a display indicator of the Way Market shortcomings: 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.

No minimum value of the signal candle should be set order "stop". It is also true to set it on the values of local minima and maxima. But the greatest advantage is the setting "stop", when the signal candle reaches the minimum value after it is closed. 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 the top down.

Effectiveness

As the practical experience shows, the indicator of the display of the Way Market was checked 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 deals. In this case, all open trades will be closed during the day due to low profits (20-30 points).