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Entry signal indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=6302
Forum: 17 · Topic 6302 · 4 post(s)
Entry signal indicator
Alexander.Gettinger · Mon Sep 05, 2011 11:20 am
The indicator is written at the request: viewtopic.php?f=27&t=5952
Download:
The indicator was revised and updated
Re: Entry signal indicator
easytrading · Sun Dec 14, 2014 5:36 pm
hello ,
could you please, tell us how this indicator works, on what bases? cause there is no info at all.
thanks.
Re: Entry signal indicator
Apprentice · Mon Dec 15, 2014 5:28 am
The algorithm is rather complex.
This is a simplified form.
Input Level=30 Period=9;
Code: Select all
Range=high - low;
local Range=lwma of Range
local MaxPrice=max high of Last Period Periods.
local MinPrice=min low of Last Period Periods
if Close<MinPrice+(MaxPrice-MinPrice)*Level/100 and previousTrigger ~=-1 then
Buff=low -Range/2;
Trigger=-1;
end
if Close>MaxPrice-(MaxPrice-MinPrice)*Level/100 and previousTrigger~=1 then
Buff=high+Range/2;
Trigger=1;
end
In short if price exceeds MinPrice + (MaxPrice-MinPrice) MaxPrice- (MaxPrice-MinPrice) we have a trend change.
MaxPrice is max high of Last Period Periods. MinPrice is min low of Last Period Periods
Re: Entry signal indicator
Apprentice · Sat Jul 01, 2017 5:24 am
The indicator was revised and updated.