FXCodeBase.COM: Forex Chart Indicators and Development

Hi Alexander,

I am getting a buy and/or sell signal on every candle.

What would cause this to happen?

Thanks,

Richard

I've been testing this indicator as well, has anyone requested an EA to be develop? thanks.

RJH501 Try my updated version, See topmost post.
I also use different updated indicator.

Arieldutchess
Can you describe your strategy.

I've been working with this for a week or so. Haven't been able to understand how it is working. Set up the non lag indicator and the strategy with the same settings but the entry and exits don't match at all. Anyone have any input that might help?

Trade will be generated if we have a change in the slope of Non-Lag Moving Average.

The positive slope
Open Long Trade

Negative Slope
Open Short Trade

Thanks Apprentice.

Apprentice wrote:Trade will be generated if we have a change in the slope of Non-Lag Moving Average.

The positive slope
Open Long Trade

Negative Slope
Open Short Trade

I was having a hard time getting the strategy to execute trades when the indicator would change trends. so when you say the change in slope of the non-lag moving average do you mean it should execute trades at the close of the tick I circled below if the strategy was set with the data source being form the close of each candle stick?




If not could you make a strategy that places an order when it changes color on the indicator as above?

I was also wondering about the filter.
It was said that

The parameter is set in pips. A zero value means there is no filtering.

so if the filter is set on 1 would that be a 1 pip filter?

sorry about all the questions I am just trying to figure out how it works.

As it is Strategy is End of Turn Strategy.
Trade is delayed until end of turn.
Filter parameter is Non-Lag MA Indicator parameter.
Filter parameter will determine the minimum required changes need to change in MA.

I wanted to change this :

Code: Select all

 if   Indicator[1].DATA[period]> Indicator[1].DATA[period-1]
      and   Indicator[1].DATA[period-2] > Indicator[1].DATA[period-1] 
      then
       
      
            if Direction then
                BUY();
            else
                SELL();
            end
         
      elseif   Indicator[1].DATA[period] < Indicator[1].DATA[period-1]
      and   Indicator[1].DATA[period-2] < Indicator[1].DATA[period-1] 
       then
            if Direction then
                SELL();
            else
                BUY();


To this:
I want this to take in account for the the ColorBarBack and not the actual level of the MA but the color that is printed on the MA

Code: Select all

if Indicator[1].DATA[period] prints GREEN and Indicator[1].DATA[period-1] prints GREEN
then
if Color then
BUY();

if Indicator[1].DATA[period] prints RED and Indicator[1].DATA[period-1] prints RED
then
if Color then
SELL();

You mean, Take a trade on color change?