Refractor looks for possible reversal levels of a tendency (not to be confused with trend). Tendency is a price direction on the current timeframe at the present time. The indicator is based on MA and ATR. When launched, the indicator examines the entire available history and evaluates a degree of a price deviation from a moving average, as well as its frequency. Dynamic levels are built after that.

The indicator is a good addition to an existing strategy.

Parameters

• Rperiod - moving average period.
• Rprice - price used to calculate the indicator.
• Rmethod - additional smoothing method.
• Rdev_1 and Rdev_2 - coefficients of deviations from MA. The greater the coefficients, the closer the levels to the MA (they are thicker than the others on a chart).
• Count - amount of displayed bars.
• Use_Notification - enable/disable notifications when the price touches the channel boundaries.
  1. FIRST - messages are displayed when the inner channel boundaries are touched.
  2. SECOND- messages are displayed when the outer channel boundaries are touched.
  3. ALL- messages are displayed when the inner and outer channel boundaries are touched.
  4. OFF - messages are not displayed.
• Your_Message - message to be displayed when the price touches the channel boundaries. If left blank, the default messages will be displayed.
• Soundalert - enable/disable alerts.
• PushNotification - enable/disable Push notifications.
• Emailalert - enable/disable Email notifications.