iCrossAD - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Indicator SCAD (iCrossAD). It shows a possible reversal or price pullback. The indicator is based on a trend line that intersects A/D, which is built on the extreme values ​​of the indicator A/D.

This indicator is based on the article "MT4 Signals Features Based on Accumulation/Distribution (A/D) Indicator" Learn more about Accumulation/Distribution and the benefits it can bring to you . In short: if a trend line built based on an A/D indicator chart crosses an indicator line, there is a high probability that price will also cross a trend line built on a price chart. Therefore, a reversal or a rollback can be expected based on the signals sent by the indicator.

This indicator has twenty-three adjustable parameters:

Figure 1. SCAD, default settings

Figure 2.SCAD, default settings. Draw Trend Line = Yes, Draw Search Area = Yes, Search Area Style = Fill

Attachment download

📎icrossad.mq5 (48.07 KB)

Source: MQL5 #22753