MT4 indicator that allows users to create their own customized binary wave. Many people trade using a combination of multiple technical indicators. By using various combinations of indicators, such as indicators for short-term trends and indicators for long-term trends, indicators for trending markets and indicators for ranging markets, etc., you can compensate for each other's weaknesses and comprehensively capture the direction of the market. Binary Wave is an oscillator that combines the directionality of multiple technical indicators based on this concept.

The combination of technical indicators is flexible!

The original Binary Wave combined four types of technical indicators: MACD, Stochastics, Momentum, and Moving Average. Since there is no rule for the type and number of technical indicators to be combined, many variations were created. Custom BWave advances the idea of binary waves and Users can freely combine technical indicators The Custom BWave is designed to be as follows. You can choose to use more indicators for trending markets, emphasize short-term indicators to follow trends more quickly, and so on. We encourage you to experiment and find your favorite combination. There are more than 40 technical indicators available ! For more details, please see the Technical Indicator Reference page for more details.

Determine the rise and fall around the zero line.

The value of the binary wave is simply the sum of the directions indicated by each technical indicator. For example, if three of the four combinations indicate an increase (+1) and one indicates a decrease (-1), the value is 2 after subtracting 1 from 3. Thus, a value above 0 means that the technical indicator indicating an uptick is in the majority, while a value below 0 means that the technical indicator indicating a decline is in the majority. The basic trading method is to use the zero line as a reference to determine whether the price is rising or falling. As with general oscillators, you can also use it as an indicator to determine overbought or oversold conditions and to set up a contrarian position. Smoothing can also be used to reduce the risk of damashi. In the above chart, smoothing over a period of 5 avoids some damashi.

Related software: Multi Matrix, which displays various technical indicators in a matrix Multi Matrix is an indicator that displays the direction of technical indicators on multiple time axes. It notifies you when the directions are aligned! As with Custom BWave, more than 40 technical indicators can be used.

カスタマイズ自在のバイナリーウェーブ、Custom BWave