CoolLine is a signal indicator displaying on a chart points for opening and closing trade positions. The indicator signals are not redrawn. It draws arrows on the zero bar Open[0]. It works on all currency pairs and all time frames.

Indicator Advantages

• Precisely shows the opening and closing points on the chart
• Does not redraw signals
• Works on all currency pairs and timeframes
• Very easy to use; suitable even for beginners
• Has a very flexible system of settings
• Can send push and email notifications to inform when to open and close orders

Indicator Parameters

• Period_Long - long wave period
• Wave_period - short wave period
• wave_delay - delay for the calculation amplitude
• optimization_size - the level of optimization for the wave calculation
• bars - the number of bars for the indicator to work on
• alert - sending push and email notifications
• inform - show/hide the information panel The default value is true.
• information_panel_color - the color of the information panel
• color_profit - the color of profit/loss display on the chart

Recommended parameters for EURUSD D1

• Period_Long = 23;
• Wave_period = 12;
• wave_delay=1;
• optimization_size=2;

Recommended parameters for EURUSD MN

• Period_Long = 12;
• Wave_period = 2;
• wave_delay=1000;
• optimization_size=2;

Recommended parameters for EURUSD M15

• Period_Long = 12;
• Wave_period = 2;
• wave_delay=1;
• optimization_size=2;