Ahoora trend indicator is combination of three main trend metatrader indicators and it was originally created by Farshad Saremifar. Combination of exponential moving averege, relative strenght index and average true range generates powerful, easy to read and precise trading signals.
How to use Ahoora indicator?
The Ahoora indicator can be used two ways. First, open a trade when ahoora line changes color – sell when it turns red and buy when it turns green. Second way to trade with this indicator is use of overbought and oversold levels – sell when ahoora line reaches 90 level and turns red for confirmation – buy when ahoora line reaches 10 level and turns green for confirmation.
We highly recommend second method of trading with this indicator as it gives higher propability signals.
Currency Pair : any
Platform: MetaTrader 4 – MT4
Files: ahoora.mq4, ahoora.ex4
Time Frame : any, recommended higher time frames
Type of indicator: trend indicator
Suitable for trading style: scalping, trend following