Users should use the indicator at their own discretion however it is not recommended picking tops and bottoms using this indicator as Maximum Adverse Excursion may be quite significant in longer time frames. Preferably this indicator is to be used for trend continuation setups. The indicator can be used for manual position entry as well as it is possible to include it in automated trading bots development.
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Control Settings
You have just one setting for this indicator and that's the period value and your bot token and chat ID for Telegram alerts.
How to Configure for Telegram Alerts?
To receive telegram alerts you need to create a Telegram Bot and get your token and Chat ID, you can find full details below.
How To Install & Remove
First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform.
Any Questions?
If you have any questions, please first search our product help forum for the answer, if you cannot find it, post a new question.
Join Telegram Community
You can join a Telegram community and chat with other traders to discuss, share and ask for help.
