Indicator SCAD (iCrossAD). It shows possible reversals or price roll-backs. The indicator is based on the intersecting by A/D a trend line built on the extreme values of indicator A/D.
The indicator is based on the "MT4 signal function based on the Accumulation/Distribution (A/D) indicator" described in article "An Insight into Accumulation/Distribution and Where It Can Get You. Briefly: If a trend line built on the A/D indicator chart is crossed by the indicator line, then the price will most probably cross the trend line based on the price chart, too. Thus, upon a signal from the indicator, a reversal or a roll-back can be expected.
The indicator has twenty-three adjustable parameters:
AD applied volume — volume used when calculating AD
Bars for calculate — number of bars where the intersection is looked for.
Unchecked bars — number of the last bars on the right, the intersection with which is not considered as a signal ("sensitivity" filter).
Filtering indicator — filtering indicator
Without filtration - without filtering on additional indicators
Filter by CCI - filter on indicator CCI
Use setting by default CCI parameters — if CCI is used for filtering the signals, then the Yes value allows using the CCI default settings.
***CCI p*eriod — CCI calculation period if default CCI settings are not used.
***CCI a*ppled Price — CCI calculation price if default CCI settings are not used.
The upper level of the filter indicator — upper level of the filtering indicator.
The lower level of the filter indicator — lower level of the filtering indicator.
Draws arrow on chart — draw signal arrows on the price chart (Yes/No).
The size of the arrows on the chart — size of signal arrows on the price chart.
Bullish arrows color — color of bullish arrows.
Bearish arrows color — color of bearish arrows.
Draw a trend line — draw a trend line on the A/D indicator chart, intersections with which are searched for (Yes/No).
Trend line thickness — thickness of the trend line.
Trend line style — style of the trend line.
Downtrend line color — color of the downtrend line.
Uptrend line color — color of the uptrend line.
Draw the search area — draw the area for searching the intersections (Yes/No).
Search area style — drawing style of the search area
Fill - filling
Frame - frame
Search area line width (if Frame mode) — line width of the search area (if drawing with a frame is selected).
Search area line style (if Frame mode) — line style of the search area (if drawing with a frame is selected).
Search area color — color of the search area line/filling.
Fig.1. SCAD, default settings
Fig. 2. SCAD, default settings. Draw a trend line = Yes, Draw the search area = Yes, Search area style = Fill