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The indicator consist of the following elements:
1 - Smoothed moving average with 200 period [option to change period value must be available].
2 - Smoothed moving average with 50 period [option to change period value must be available].
3 - smoothed moving average with 14 period [option to change period value must be available].
4- RSI set to 50
5- Fractals
The indicator main purpose is to draw an entry point when the following conditions are valid :
Buy signal scenario:
- When the moving average 14 crossed over moving average 50 and moving average 50 is already crossed up with moving average 200 / if the moving average 14 crossed with moving average 200 before moving average 50 crossed with the moving average 200 the signal won't be provided till the moving average 50 crossed with moving average 200.
- RSI should be above 50.
- Fractals should show a buy signal and it should be above all the moving averages.
- the price (candle should close above all moving averages)
- When the three moving average crossed up in the same time or below 10 candles period a strong buy signal should be provided (this is an extra buy signal other than the normal buy signal) [optional : the number of candles when the cross over happen might be set as an input option]
Sell signal scenario:
The same as the opposite of buying scenario above.
General requirement:
- Time frame should be possible to change or to match with the current chart period.
- the signal should be provided after the first cross only
- The signal will be provided after the close of the candle after the fractals confirmation.
- An alert to show up as a Metatrader alert in the alert window and also as a push notification.
Please check the below images:
the above image is for a valid entry signal (normal entry signal)
Another valid buying signal note that the signal is provided after the price is above all the moving averages.
Sell signal note the one with the blue mark as it's not valid as it came before the crossing.
invalid buy signal as the price was below the moving averages.
an example of strong sell signal as the three moving averages crossed in less than 10 candles.