Posts Tagged “ema”

From author:
This is a small program that i find useful to give me a quick reference as to the current condition of the market, the M1 & M5 give you the short term info as to reversals or retracements, the M15 & m30 give the medium condition, and the H1 & H4 give the daily trend condition. If the H1 & H4 are the same color the trading range is generally large if different the range is generally smaller and the trading tends to be choppy.

This can be located in either the top left or top right of your chart and has the option of either having the extra details ( Daily Av, spread etc ) or not.

The price color changes based on the average daily trend condition
LIME = UP …………….. ORANGE = Flat …………….. RED = Down

The MACD is based on a fast setting of 8/17/9 and has a quicker response than the standard 12/26/9 settings. If the MACD crosses UP while below the zero level the color is GREEN if it crosses UP while above the zero line the color is LIME and for the cross DOWN if above the zero level it is TOMATO and below the zero level RED, so if for example the price turns UP below the zero level it turns GREEN and then if it continues up thru the zero level it turns LIME which shows the move has some strength.

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Indicator with sound and message alert when two moving averages crossing, it draws MA lines, and arrows in different colors, can be used as skeleton for expert advisor.

Input parameters are:
ExtPeriodFastMA – period for fast moving average
ExtPeriodSlowMA – period slow moving average

ExtModeFastMA – mode for fast MA
ExtModeSlowMA – mode for slow MA

– where mode: 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA

ExtPriceFastMA – price for fast MA
ExtPriceSlowMA – price for slow MA

where price: 0 = Close, 1 = Open, 2 = High, 3 = Low, 4 = HL/2, 5 = HLC/3, 6 = HLCC/4

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Plots arrows where EMAs crossing over, that provides better visual perception. Indicator himself do not draw MA lines.

Input parameters:
FasterEMA
SlowerEMA

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