by tadinda » Tue Jul 03, 2012 4:03 pm
I have been playing with the above indicator and came up with some very good results I think which I would like to share.
I set up the indicator twice on the same chart with different periods naturally. I use 5 and 20.
What I noticed is that when the colors of the bars are the same it indicates that we can enter either long or short depending upon the colour. If the administration will authorise I can send some screenshots.
If you find this strategy interesting some work needs to be done on the indicator. Which includes:
1. Allow for two MAs to be input into the indicator.
2. A sound alert when the two candles are of the same colour.
Look forward to receiving comments.