"Tired Warrior" Indicator Full Information

This indicator is specifically designed for the MetaTrader 4 (MT4) platform. It uses a combination of Moving Averages (MA) and the Average True Range (ATR) indicator to provide accurate buy and sell signals. This indicator automatically performs complex analyses and presents the results in an easy-to-understand format for traders. Below is a complete explanation of how it works and the settings it uses.

1. How the Indicator Works:

The indicator uses four buffers to display buy, sell, and neutral market conditions:

BufferUP: Displays buy signals in green color.

BufferDN: Displays sell signals in red color.

BufferZ: Displays neutral market conditions in gray color.

Vfilter: Represents the ATR filter value used to separate signals.

The algorithm works as follows:

Buy Signal: When the first moving average (MA1) is greater than the second moving average (MA2) and the difference between them is greater than the ATR filter value.

Sell Signal: When the second moving average (MA2) is greater than the first moving average (MA1) and the difference between them is greater than the ATR filter value.

Neutral Condition: When the difference between the moving averages is less than the ATR filter value.

2. Indicator Settings:

MAperiod1, MAperiod2, MAperiod3: These parameters define the periods for the moving averages. The default values are 3, 7, and 14 respectively.

ATRPeriod: Defines the period for calculating the Average True Range (ATR).

PipsMinSepPercent: The percentage of ATR used to separate buy and sell signals.

ModeMA: Defines the type of moving average, which can be simple (MODE_SMA), exponential (MODE_EMA), or smoothed (MODE_SMMA).

3. How to Use the Indicator:

The indicator automatically generates buy and sell signals based on trend analysis and the ATR indicator.

The signals are displayed as histograms in different colors (Green, Red, and Gray) to differentiate them.

Simply set the desired parameters and apply the indicator to your preferred chart.

4. Indicator Use Cases:

This indicator is most suitable for trend analysis and simulating buy and sell signals in volatile markets such as Forex or stock markets. It can also be used to identify neutral market conditions.