ACE Oscillator Adx plus Double Keltner Bands can be found on the MQL5 marketplace, we have provided a link to the indicator below.
The indicator was uploaded by Alberto Cejudo on the 1st of September 2014, it was uploaded as version 1.1 and has received no further updates.
ACE Oscillator Adx plus Double Keltner Bands is an indicator for the MetaTrader 4 trading platform, the indicator is an Oscillator that is based on ADX Crosses and also the Doubly Keltner Channels Crosses too.
The main set of features for the indicator:
-The colored histogram shows D+/D- crosses on-trend (green up/salmon down or without trend (white) based on ADX main (over ADXon level -ie. 24-).
-Signals (arrows) shows high probability orders (long/short) based on D+/D- crosses.
-Color line (green/salmon) shows ADX main less ADXon level (ie: ADX main – 24) for trend purposes (trending in/out).
-Signals (horizontal gross lines) on level +20/-20 indicate the first derivation of KC band (k shift) is crossed, and signal (gross lines) on level +30/-30 indicates the second derivation of KC band (n shift) is crossed too.
There are also a number of different parameters available, some of them include the ADX period, limits for ADX trending, MA periods, ATR periods, k shift, n shift, and more.
There is not the opportunity to purchase this indicator outright, instead, you will be required to rent it on a monthly basis and will cost you $10 per month. There is a free version available. However, the limitations of this free version are not stated on the site and are unknown to us. Even so, it may still be worth downloading it to try out.
There is only one review available which is giving the indicator and overall rating of 5 out of 5.
“Convenient” – A 5-star review.
The review doesn’t give us a whole lot of information apart from the fact that it most likely works, due to there being no other reviews or comments, we would strongly suggest that you download and try the free version, you could also contact the developer if you have any questions that way you can be sure that it will do what you need it to be froe you rent it.