H4 10ema Touch

CHOROS_H4_10_Notify

When this parameter is True, possible H1 10ema touch trades will be notified and highlighted with a red box.

CHOROS_H4_10_Min_H13550_Tilt

To trade an H4 10ema touch, the steepness or inclination of H1 35/50 needs to be notable and those two MAs should also be reasonably parallel. This parameter value indicates the minimum Average of the Tilts of H1 35sma and H1 50ema to consider it as valid for a possible trade. Please read more about how and why Tilt is calculated here.

CHOROS_H4_10_Min_10_3550_Dist

When H1 10ema is too close to H1 35sma or too close to H1 50ema, then price may pass through H1 35/50 MAs, so use this parameter to indicate the minimum distance between H1 10ema and H1 35sma and between H1 10ema and H1 50ema to consider it as valid for a possible trade.

CHOROS_H4_10_Max_MAs_Height

When H4 10ema, H1 35sma and H1 50ema are almost on top of each other, then the level they form at that moment is very strong, when they start to diverge, the level turns weaker. Use this parameter to indicate the maximum height or distance in pips between these three MAs to consider them valid for a possible trade.

CHOROS_H4_10_Max_Cnflnc_Height

Use this parameter to indicate the maximum height of the area around the H4 10ema, H1 35sma and H1 50ema where S/R Levels should be in confluence.

CHOROS_H4_10_Min_Confluence

When H4 10ema, H1 35sma and H1 50ema are in confluence with at least one S/R Level, there is a higher probability that the trade may work. Use this parameter to indicate with how many levels should the H4 10ema, H1 35sma and H1 50ema projections should be in confluence to consider the area as valid for a possible trade. If this value is zero, S/R Levels will not be considered.