Hi there
I've been trying to use the indicator provided in this post for my purposed outlined below, however, I'm unable to get accurate signals. Need to understand this further so I can refine the inputs appropriately. Can the author (or someone else) clarify what "triggers" or "rules" have been used in this indicator to generate a Buy or Sell for the Moving Average and the Stochastic Oscillator i.e. Buy when Price closes above the moving average? Buy when %k line closes above %D line, while both starting values were below 20?
My purpose: I've been looking for an indicator which marks Buy or Sell arrows on the 15 min price chart when the two conditions are met:
Buy Arrow (on 15 min chart) when:
1. On 1 hour chart - Closing Price above the 20 period simple moving average; and
2. On 15 min chart - Stochastic Oscillator - %K line and %D line are both below 20, and the %K line breaks above the %D line
Sell Arrow (on 15 min chart) when
1. On 1 hour chart - Closing Price is below the 20 period simple moving average; and
2. On 15 min chart - Stochastic Oscillator - %K line and %D line are both above 80, and the %K line breaks below the %D line
Stochastic Oscillator settings are 14,5,5
I have a feeling this indicator will help me achieve my purpose - with some help from you guys :)
Many thanks for your help.
Regards
It gives false alert.
This indicator is incredible. Thank you very much!!!
But it has a problem.
Arrows appear delay! When i refresh charts, many arrows appear I didn't see at the time.

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Indicator Arrows II:
The indicator plots up/down buffer arrows in the chart window when conditions are met on one or two of the following indicators:
Author: pipPod