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indicator 5_34_5

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Dave
79
Dave  

Hello,

I have some questions about this MT4 indicator 5_34_5 found here https://www.mql5.com/go?link=http://www.xeatrade.com/trading/11/%2520/330.html

1. How to use it? Does it give buy/sell signal? If yes, what are their?

2. What code lines to add to get a sound alert:

- when the fast line cross above the slow line.

- when the fast line cross below the slow line.

- one candlestick before the fast line cross above the slow line.

- one candlestick before the fast line cross below the slow line.

3. Is it a variant of the MACD(12,26,9)? I mean, is it a MACD(5,34,5)?

4. How to get the same (or very close) indicator on a trading platform not compatible with MQ4 language? Like ProRealtime plateform.

5. When is better to use it: range or trend?

6. What are the best chart settings for this indicator (UT, ...) to skip false signals?

Thank you.

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