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SoarSignalMT5

Professional traders know that a reversal in market price is the best entry points to trade. The trend changes K line state changes the most obvious. The SoarSignal is good to identify these changes, because we have incorporated the KDJ indicators. It is the closest to the K line state of the indicators. The two lines of KDJ Winner move within a range of 0 and 100. Values above 80 are considered to be in overbought territory and indicate that a reversal in price is possible. Values below 20 are considered oversold and also indicate a possible reversal. When %K crosses over %D, %J crosses over %K and %D, this can be interpreted as a signal to buy. When %K crosses under %D, %J crosses under %K and %D, this can be interpreted as a signal to sell. Such crossovers can occur too often. To get a more reliable signal, one can wait for crossovers occurring together with reaching of overbought/oversold levels.


Key Advantages

  • Prompt the user in the overbought area.
  • Prompt the user in the oversold area.
  • Prompt the user in the deadcross signal.
  • Prompt the user in the goldcross signal.


Inputs

  • nPeriod: 20 - indicator period.
  • zoneSELL: 80 - values above 80 are considered to be in overbought territory and indicate that a reversal in price is possible.
  • zoneBUY: 20 - values below 20 are considered oversold and also indicate a possible reversal.
  • InpBuyColor: LighSeaGreen - long arrow color.
  • InpSellColor: clrRed - short arrow color.
  • ISALARM: false - alerts notification on/off (alarm window, mail, push).
  • Alert_ON: true - enable alarm, email, push
  • Alert_Min_Interval: 15 - alarm interval 15 minutes.


Author

  • Daying Cao, an experienced software engineer.
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Version 1.1 - 2017.08.24
Version 1.1 2017.08.17
-Added signal arrows and entry time and price to indicate.