Moving Line Alert
This indicator is great when looking for scalping or long-term opportunities.
The lines will help you keep track of price movement.
You also get alerted.Great for channels and trading from oversold/overbought zones.
Use as you see fit for your strategy.
If you use this indicator on its own, make sure to check the higher time frames for trend direction before entering trades.
You can change the TrendPeriod parameter to your liking.
When the blue line extends out below the price, buy.
When the red line extends out above the price, sell.
Best results on Major Pairs, but can also be used on other pairs.
Important to note:
Please do not use this indicator haphazardly, but combine it into your strategy.
Don't risk money you cannot afford to lose.
You use this indicator at your own risk. Please apply money management wisely.
Always test your strategy on a demo account before using a new indicator on a live account.