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First Cross

4
This indicator is based on Linda Bradford Rashkes First Cross system.

Normally trend based systems follow the trend from beginning to end, but this indicator instead selects a piece of the trend. This approach can be a very reliable alternative way of trading a trend.

It waits for the 1st move to become exhausted then enters in anticipation of a sudden surge. The trend if found using a faster momentum indicator. When we get a cross on the 2nd oscillation we get our signal. Hence we capture a piece of the trend.

Features : 

  • Based on a unique trading concept  
  • Choose your favourite colors and size of Line and Arrow
  • Send alerts to either your PC, eMail or mobile device
  • Can be traded on any market and timeframe 

Settings : 

Moving Average Settings : 
  • Fast MA Period - Sets the period of the fast moving average. Recommended at 200.
  • Fast MA Method - Sets the method of calculation for fast moving average. EG 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA
  • Fast MA Applied - Sets the type of price we base our calculation on : PRICE_CLOSE, PRICE_OPEN, PRICE_HIGH, PRICE_LOW, PRICE_MEDIAN, PRICE_TYPICAL, PRICE_WEIGHTED
  • Slow MA Period - Sets the period of the slow moving average. Recommended at 200.
  • Slow MA Method - Sets the method of calculation for slow moving average. EG 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA
  • Slow MA Applied - Sets the type of price we base our calculation on : PRICE_CLOSE, PRICE_OPEN, PRICE_HIGH, PRICE_LOW, PRICE_MEDIAN, PRICE_TYPICAL, PRICE_WEIGHTED
  • Average Of Oscillator - We compare a current bar the moving average is based on to the previous bar. The further back we go the more smooth the moving average direction becomes. EG 20 for smooth, 1 for choppy.
Graphical Object Settings
  • Moving Average Color - Color of moving average 
  • Histogram Color - Color of histogram
  • Arrow Color Buy - Color of buy arrow
  • Arrow Color Sell - Color of sell arrow
  • Arrow Size - Size of arrow
  • Cross Color Buy - Color of cross on buy
  • Cross Color Sell - Color of cross on sell
  • Cross Size - Size of cross
Start Hour End Hour
  • Start Hour - On and after this hour the EA will start trading.  
  • End Hour - On and after this hour the EA will stop trading.
Comentários 2
lauro1956
4311
lauro1956 2021.11.19 13:16 
 

Excellent indicator, intelligent. I am waiting for the author to clarify a question

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Stop Reversal & Re Entry is a varied way to exit trades and manage your losses.  I all in have made it into a 4 option utility of stop reversal, re entry with break even and partial close features for good measure.  These 4 systems are : Stop Reversal : When true will place an opposite pending order exactly where the stop level is on your current trade. In the possibility of your trade being wrong it will get you in again in the opposite direction. Ive added a Only Recover Loss feature
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faithdefender
1726
faithdefender 2022.06.11 23:19 
 

I am still working with this indicator. It has not been a "bread winner" so to speak, but the concept is good. The Vendor has tried to solve a few issues and I appreciate that. He immediately addressed a bug. The indicator is not very flexible in terms of changing colors. Most people I know have traditionally used blue for demand and red for supply. Not a game changer, and I try to change the colors but they change back to the default. I would like to come back with a revised review in the future if things change. The indicator does not put out alot of signals which is good, but it misses quite a few as well. The indicator did not break the bank and I always appreciate a fair price.

lauro1956
4311
lauro1956 2021.11.19 13:16 
 

Excellent indicator, intelligent. I am waiting for the author to clarify a question

Responder ao comentário
Versão 1.1 2021.11.19
1) After someone kindly pointed out arrows were not showing when placed onto chart. I fixed this problem. It now adds arrows onto chart when applied to chart.