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Yes precisely...
The Simple Indicator, is another confirmation for the Moving Average Indicator.
Right now the MA Indicator only tells Trend, above the MA Line Buy, below the MA Line Sell.
I would like to add another option to check:
Close on MA Check: Disabled (Default), Enabled
The MA Indicator would have these fields:
Entry Signal:
TimeFrame:
Period:
Method:
Apply To:
Strategy:
Close on MA Check:
The Trend part of the Indicator doesn't change.
If user enables "Close on MA Check", what it does extra is only to give a Buy/Sell Entry Signal if the candle closed on the MA line.
Example if MA is SMA 50, the candle must close on the SMA 50 line, to give a Buy/Sell Entry Signal.
Can?
