REA Algo V1.0

Rea_Algo is an indicator for the whole type of intraday trader but also Multiday.

It’s an indicator that takes advantage of different concepts of market liquidity to draw on the chart the various conditions and to help us identify the possible movements of the market. This first version allows us to display on the graph the Orderblock zones and the Buy-Sell Liquidity and Sell-Buy Liquidity Zones.

At the bottom right the indicator indicates the Inefficient Price Action & with the words Green or Red EPA the Efficient Price Action.

We will soon include other liquidity zones and important structural concepts as operational triggers in future releases. It allows to Operate both in Favor of Trend and Reversal.

View all TradeKit Membership Tool in our website: https://www.reavolution.com/en/tool-membership/

Functionality:

• Areas of Orderblok
• Zone Buy to Sell Liquidity
• Zone Sell to Buy Liquidity

Parameters:

• Deth: Enter the number of Periods/Candles on which the indicator will calculate maximum and minimum.
• Includes Body: Choose Yes to include the body of candles in the zone calculation. (Ideal to Yes)
• Break Candles: Choose the number of candles that confirm the break of an area (Ideal 5)
• Show Zones (Orderblock): Choose Yes to display in the Graph all the zones of Orderblock. (Ideal to Yes)
• Show High/Low (Liquidity): Choose Yes to display all Buy to Sell Liquidity zones and Sell to Buy Liquidity zones in the Chart. (Ideal to Yes)
• Delete High/Low (Liquidity): Choose Yes to eliminate broken Liquidity levels, If no levels stop but remain drawn. (Ideal to Yes)
• Over Zone: Choose the color of the Orderblock zone ranging from 50% of the body of the candle reference to the maximum or minimum of the candle itself. (ideal color Default)
• Open/close Zone: Choose the color of the zone ofOrderblock that goes from the opening of the candle of reference to the maximum or minimum of the same candle. (ideal color of Default
• Equity Zone: Choose the color of the Orderblock zone that goes from the opening of the candle to 50% of the body of the candle itself. (ideal Default color)
• Zone Lines: Choose the color of the lines inside the Orderblock zones. (ideal Default color)
• Opacity: Choose the color opacity of the Orderblock zones (ideal Default parameter)

Telegram

• Telegram: Select Yes to activate the sending of signals on Telegram
• Token: Enter the Telegram bot token created with BotFather.
• chatId: Enter the chat @ where to get the signals from the indicator.

Backtest

• Backtest: Select a Yes only to use the robot in backtest mode.