SMI with alert/arrow
Hi, could you please add arrow to indicate SMI cross? Thanks in advance
From May 2010 issue of Futures magazine : "Fixing the Bollinger Bands" by David Rooke
Good morning Mladen,
An interesting indicator to say the least. Early days, but back-testing it (and due to its nature I guess it is accurate enough to allow an informed opinion) it shows potential, but for me on a different scale which I will post here once I am satisfied that it is adding value to selecting directional changes accurately.
Just a request please - could you possibly add an Arrow to when the indicator crosses the 0.0-level (*) to be shown on the candles, please?
Looking forward to hearing from you and thanking you in advance.
I don't really understand how to use this to determine breakout. Can give few examples? Thanks in advance
I found a very interesting break out strategy based on upper and lower trend lines drawn before the London session.
I attached an existing auto trend line indi which could be changed for this purpose.
Here are the rules:
1. Connect the most recent swing High of the previous day(s) with the swing high of the chosen working range for the new day e.g 0-7GMT.
2. The same holds for the support line: Connect the most recent Low of the previous day(s) with the low of the working range.
I attached a chart with an example.
If possible, I would like to be able to use the indicator within an EA.
Thanks in advance,
Appreciate to add arrow to indicate SMI cross
I will very appreciate if someone can help me.
Would love to help you but the indicator you posted is using 8 buffers which is the maximum for metatrader 4, and for an arrow usually I need to add a buffer for it to work.
I think this one has enough buffer.
Excellent. Thank you so much.
perhaps it would be possible to use the function iCustom in a separate indicator with only two buffers coming from the original indicator (SMI); the new indicator could draw two kinds of arrows (up/down) in the chart window...