$$$help$$$ Programmer Needed
I have forward tested this strategy for 2 weeks now and have had very good results. If anyone knows how to code the strategy , I think that it is well worth the time to try it. Mr Traders post #1 tells the strategy for this method. I went live with it this past week and made a nice profit using it.
You can download updated TrendEnvelopes with an option of sound alerts.
I think one indicator is a mod of another. See my screen pic. Pretty close.
You take the original one. Changes the name, hides one line and...
I'll give the EA a shot. BTW, I'm not sure developing an indicator based on the TrendStrength indicators crossing is such good thing now. I have seen many times on the h1 chart where it gives a false exit ... if you basing your exit on when that indicator crossed.
i have been looking all over for an alert to send to my cell. i don't know how to program, so could you make this one do a 5ema,10ema cross. i would be forever grateful. thanks....................vince
Some time ago I've developed indicator TrendRSI and it's very similar with Trend Strength(original) when K=2.618. Second indicator we can overlap on 1st with K=4.236.
Thanks for the feedback Igorad
According to my observations, the original system is using (showing) only the LevelRSIslow, the same as K=4.236.
Strenght ind 2006
rsi_r := (CLOSE - ref(CLOSE,-1));
rsi_rs := Wilders(if(rsi_r>0,rsi_r,0),14) / Wilders(if(rsi_r<0,Abs(rsi_r),0),14);
TH :=if(Ref(si,-1) > si,Ref(si,-1),si);
TL :=if(Ref(si,-1) < si,Ref(si,-1),si);
Min(PREV,si + DeltaATRRSI),
(Ref(si,-1)>PREV) AND (si>PREV),
Max(PREV,si - DeltaATRRSI),
si - DeltaATRRSI,
si + DeltaATRRSI
Min(PREV,si + DeltaATRRSI_2),
Max(PREV,si - DeltaATRRSI_2),
si - DeltaATRRSI_2,
si + DeltaATRRSI_2