Buy/Sell Alert EA or Indicator with Three Timeframes Confirmation.

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Specifiche

Buy/Sell Alert EA with Three Timeframes Confirmation.

Strategy Introduction:

This alert Ea or indicator will make use of 3 different timeframe confirmation before printing a buy or sell signal, which are:

- Entry Timeframe
- Trend Confirmation Timeframe 1
- Trend Confirmation Timeframe 2

Entry timeframe: The Entry timeframe will use two moving average and RSI. Whenever the fast MA is above the slow MA, its an up trend and we look for buy signals only. And whenever the fast MA is below the slow MA, we are in a down trend and we look for only sell signals. But our Entry signal is determined by RSI crossing from lower zone upward at candle close for a buy signal. Reverse is the case for down trend which is only for sell signals.

Here is the strategy, the other two confirmation timeframes will only use two moving average indicators (MA) to also confirm the trend direction before we can have buy or sell signal on the Entry Timeframe.

Each time fast MA is above slow MA on all three Timeframes, we are in a confirmed up trend and each time the fast MA is below the slow MA on all three Timeframes, we are in a confirmed down trend. Then the RSI is used to print buy or sell signal on the Entry Timeframe.

This means all Moving Average trend direction must align across the three timeframes before we get a buy or sell signal on our Entry Timeframe. If we are to have sell Signals, all three time frames must be in a down trend and vice versa.

PARAMETERS:

ENTRY TIMEFRAME: (m1 to daily Timeframe selectable)
Fast MA Period: (20 default)
Slow MA period: (50 default)
Method: (Exponential/Simple selectable)
Apply to: (Close etc)
RSI Period: (2 by default)
Apply to: (Close etc)
RSI Overbought level: (70 default)
RSI Oversold level: (30 default)

Trend Confirmation TF1: (m1 to daily Timeframe selectable)
Fast MA Period: (20 default)
Slow MA period: (50 default)
Method: (Exponential/Simple selectable)
Apply to: (Close etc)

Trend Confirmation TF2: (m1 to daily Timeframe selectable)
Fast MA Period: (20 default)
Slow MA period: (120 default)
Method: (Exponential/Simple selectable)
Apply to: (Close etc)

ALERTS:
Email notification: Yes/No
Mobile push notification: yes/No
Mt5 terminal notification:Yes/No

The EA must print a Buy/Sell arrow on the chart each time there is a signal.
Notification must include the name of this EA, the name of the forex pair and buy or sell signal. I'm actually going to use it on Deriv Synthetic Indices mt5 platform.

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