Please kindly assist to create this indicator using R S T L ONLY which you earlier helped to create.
When SMA 1 HIGH AND LOW BOTH CROSS ABOVE the RSTL, the indicator will show GREEN COLOR. The indicator will CONTINUE to show GREEN until when
SMA 1 HIGH AND LOW BOTH CROSS BELOW the RSTL, and at this point the indicator would show RED COLOR.
DESIGN ; Please use HISTO Bars
COLORS ; ONLY 2 colors,i.e GREEN AND RED.
Here you go. You can choose the period and prices for the 2 sma used in comparison. Default is set to 14 sma of high and low as you described it. On the example picture yellow is rstl and green are the smas
many thanks for the great work,its highly appreciated.
Iam testing this two indicators for some time on renko
The ewo works very well, but one should be careful to trade near news releases
My request is to make an ea to work according the ewo indicator and if it's possible to add the rsi indi and a possibility not to trade near news release
Another request if its possible to make the email notification to send only one notice and not tons of emails
Thank you in advance
Could you explain more how you trade this set up?
I'm sorry I thought I explained myself.
First you must create a template Ranco
Put it the two indicators
See when EWO gives a signal entry by arrow
In some cases, in most cases (about 65%) have the approval of the RSI
Dasssi, the EWO(macd) arrows are based on divergence, which is based on peaks and valleys, which makes it similar to zig zag. Far as I know its not possible to create a close to profitable EA based on this.
Is it possible to fix the indicator to send only one email at a time?
Sorry Dasssi, somehow missed your other request, think this version should only alert one time per signal.
I understand that there is no way to build a robot work according divergence?
Because of renko or because the divergence?
In any case I think is worth working with the RSI and try to incorporate it into a trading system and it will eventually lead to the robot. it has a potential
The EWO because of divergence, and yes the RSI has potential but was just looking at the code and its decompiled, so when you incorporate it into a system and decide to create a robot might be a good idea to find the original source code.