Trend Signal Indicator

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Trend Signal Indicator

Postby Apprentice » Thu Apr 14, 2011 11:12 am

Trend_Signal.png


This indicator gives an indication of trend reversal,
when the closing price rises / falls above / below the maximum / minimum for a defined period.

With Risk parameter we can determine the distance from the extreme price for that period.
We define it as a percentage of the range for that period.
Trend_Signal.lua
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Re: Trend Signal Indicator

Postby bluemoon » Tue Apr 19, 2011 9:52 am

Your indicator generating false indicators in 30 mins and 1 hour charts. Sometimes indicator become visible and then after few mins disappear from chart and appeared again after 20 to 30 mins on same candle or sometime on the different candle.

Can you please fix this problem. :roll:

thanks
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Re: Trend Signal Indicator

Postby Apprentice » Tue Apr 19, 2011 11:16 am

I'll continue testing.
But for now, I have not discovered the problem.
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Re: Trend Signal Indicator

Postby bluemoon » Wed Apr 20, 2011 9:17 am

Thanks..

Your indicator again generated a falls Down signal 9:00 EST on gold at 1500.6 and disappeared after few mins but in 30 mins chart yindicator generated a Down signal at 7:30 EST on gold at 1503 and it still there.
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Re: Trend Signal Indicator

Postby Apprentice » Wed Apr 20, 2011 11:44 am

Thanks for the information.

Today I post updated version.
Which uses slightly different algorithm.
I hope this will help.

I have not managed to catch this problem yet.
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Re: Trend Signal Indicator

Postby bluemoon » Wed Apr 20, 2011 3:22 pm

Thanks.

let me test it again.
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Re: Trend Signal Indicator

Postby bluemoon » Sun May 01, 2011 2:12 pm

Hello Apprentice

This indicator is ok but not much helpful. I lost $40 in 2 hours in my demo account because of that indicator. :?

regards
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Re: Trend Signal Indicator

Postby Apprentice » Mon May 02, 2011 3:00 am

First. This indicator has been written on request.
According to the template, I am not the author of it.

Second. None of indicators does guarantees you one hundred percent success.

Third. Technical analysis is just one of the tools at your disposal.
When entering a trade Technical Analysis is usually only in fourth or fifth, last place in decision-making process.

I personally do not use indicators in my trading.
Those who have followed my trading know that I'm pretty successful.
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Re: Trend Signal Indicator

Postby luigipg » Mon May 02, 2011 3:12 am

Which are the first, second and third place in decision to entering a trade? What you use for your trading? I'd like follow your trading know, how can i do? Thanks in advance and also for your infinite work. Luigi!!!
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Re: Trend Signal Indicator

Postby bluemoon » Mon May 02, 2011 3:17 am

I know indicators not give you 100% result. I'm just telling you my experience.

Can you please guide us how do you trade without indicators? any tip?

thanks :)
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