Interesting indicator, found some explanation about:
Rubicon indicator operates on the basis of three moving averages. The main line is moving average with period 116, (mA — EMA 116). Rubicon gives signals to buy and sell exclusively on the current trend, but the entrance is meant to break out of the level. The indicator independently draws these levels of take profits and stop levels for entry and exit...
The main advantage of the indicator Rubicon 2 is that during an optimal entry he draws the arrow, as well as all levels of stop loss and take profit. If the indicator settings nothing changes, the price of yellow color indicates the take profit and the price of orange color — stop loss level.
Platform: MetaTrader 4 (build 625 and above)
Currency pair: Major
Timeframe: any, recommended M15 and M30
Trading time: it is Recommended to trade in the European and American session
Strategy: intraday
On assurances of the creators in the basis of this indicator lies in the Price Action (price action). This indicator can be used as a good filter in a trading system. Rubicon trading system generates signals for buy and sell showing on the chart the stop loss level (red), take profit (green) and also shows a green line where you want to place a pending order
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https://forex-station.com/attach/file/3419316)
Based on that, one should place order as soon as yellow arrow showes up, will open few charts to see how it works.
Attaching mq4 file, don't know much about programing, but it works, thx !
Would be nice if someone could put ea based on yellow arrow ?
obj name : RC-Arw
buy : OBJPROP_ARROWCODE, 233
sell: OBJPROP_ARROWCODE, 234
