This indicator throws visual and verbose buy/sell signals according to Bill Williams Trading in the Zone methodology and Alligator and MACD.
According to Bill Williams trading in the zone helps to maximize/double/triple profits when the market goes your way, namely, when momentum, acceleration and price confirm that you have strong trend or acceleration period. Armed with this information you can add to positions aggresively. However, price and momentum are not enough to enter a trade, and this is what this indicator tries to simplify for you, by eliminating false, exhaust or against the trend signals.
Please, note that this is a reactive indicator and signals are triggered after the price has already accelerated.
It can be used to get into trends safely or adding to positions aggresively. For the record, it makes use of the following:
This indicator is based on the article: Getting Clear With Short-Term Swings by Ron BlackWatchDog - An EA monitoring script.
WatchDog sends an e-mail when things go wrong, an order has opened or closed, on requotes, on log errors, on server shut down... Just drag the script in a chart window.
This multi-timeframe capable moving average discounts prices far from the average. It is smoother than SMA but follows price similar to an EMA of the same length.EA to automatically take "pictures" of your orders
This EA doesn't open orders, it takes PICTURES every time you (or another EA) opens or closes an order.