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EATA - joint work of the two oscillators

Published: 28.06.2016
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EATA indicator gives the signals to the input of the points of a trend reversal on the testimony of RSI and CCI oscillator. At the same time instead of the usual RSI uses fast RSI. The difference is that in the usual oscillator RSI its value is calculated by using the exponential method, in a fast RSI - simple relation applies.

Characteristics of EATA indicator
  • Platform: Metatrader4
  • Currency pairs: Any currency pairs (recommended Major)
  • Trading Time: Around the clock
  • Timeframe: Any
  • Recommended broker: Alpari, RoboForex
Trading rules by the EATA indicator

Crossing of the red and blue lines of the indicator are signals to buy or sell. For the convenience of the trader indicator also displays the signals to buy and sell in the form of blue and red arrows. Blue Arrow is a signal to buy, and the red signal to sell:

eata-exemples-signalseata-free-download

Settings dial indicator forex EATA

Settings in this indicator a little bit and they are intuitively clear:

eata-settings

  • CCI_per [default = 14] - the period of calculation of CCI
  • RSI_per [default = 14] - the period for calculating the RSI indicator
  • Ma_Period [default = 2] - the period for calculating the Moving Average indicator
  • koef [default = 8] - the number of bars used for the calculation of the indicator
  • arrows [default = true] - on/off display of arrows

EATA should not be used as a self-contained source of trading signals. Much more effective is its use as a part of trend trading strategies as a filter or a set of indicators to determine the entry point into the market.

In the archive EATA.rar:

  • EATA.ex4
  • EATA.mq4
  • EATA_template.tpl

Free Download EATA

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Author:
Daniel
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Comments:
  • wilber
    Published: 29.06.2016 Reply to the message

    Hola the Indicator No repaint?
    You could show how how to operate in forex where to place SL and TP

    • Joe
      Published: 29.06.2016 Reply to the message

      Too good to be true - it repaints!

  • Andre
    Published: 29.06.2016 Reply to the message

    Does repaints?

    • Joe
      Published: 30.06.2016 Reply to the message

      Yes it does.

      • Andre
        Published: 30.06.2016 Reply to the message

        thanks

      • bart
        Published: 30.06.2016 Reply to the message

        Repaints quite a bit. I've changed the settings for CCI (30) and RSI (10). It worked for me, I don't really cared for arrows. I've tested these settings on 5m gbpusd, gbpjpy, gbpcad and gbpaud. I have had good entry points. Obviously you may not have a signal to trade as early as with faster settings, but a repainting factor will be less significant and as it was mentioned about this indicator, it requires some others to support/confirm any trading decision. EATA with slower settings has given delayed signals - sometimes they've matched and sometimes EATA adjusted/repainted quite significantly when the price changed and corrected its position. I've noticed that with slower settings I was more likely to miss some trades or rather have delayed entries in comparison to other indies I usually use.
        It is worth to play with other settings - MA and the number of bars/candles used for calculation.

        • Wellington Neves
          Published: 04.07.2016 Reply to the message

          não esta atualizando a tela, somente quando clico em template ai atualiza colocando setas e cruzamentos, alguem pode me ajudar? consigo utiliza-lo em M1?

  • ashraf
    Published: 06.07.2016 Reply to the message

    very good

  • Jose Luis
    Published: 01.11.2016 Reply to the message

    Someone has this indicator for MT5?

  • Anne
    Published: 23.11.2016 Reply to the message

    I really like this indicator. *IN LOVE*
    Could you please make it to play an alert when an arrow appears?
    It would really be appreciated.
    Thank you very much.

  • prof.Salami
    Published: 24.11.2016 Reply to the message

    It doesn't work in Tester. I can't test it . Try to fix it ! :(

  • houcine
    Published: 17.01.2017 Reply to the message

    I found it very useful but sometimes its buggy the lines never cross again until i reset the idicator or restart the mt4
    can some one fix this issue ?

    • Akechi
      Published: 06.02.2017 Reply to the message

      Hi, i have that problem too. Hope some one fix that. And some one know add email alert to send email notication.

  • jf
    Published: 11.11.2017 Reply to the message

    i was amazed at how it could see the turns before it happenned, now i know why , lol it repaints so bad! crappy indi

  • Владимир
    Published: 12.12.2017 Reply to the message

    Все бы ничего, но индикатор перерисовывается.
    All anything, but the indicator is redrawn.

  • Daniel
    Published: 07.01.2018 Reply to the message

    Yes. It is not working. It does not move in live market. It only show you latest data when you change TF.

    • Daniel
      Published: 07.01.2018 Reply to the message

      *THUMBS UP* Thank namesake

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