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Why dont you create a TrendStrengthEMA EA.
Setup details:
If the pair trend first bar is above the zero line, then send Alert
then if the 2nd bar is greater than the first bar but above the zero line then initiate BUY
If the pair trend first bar is below the zero line, then send Alert
then if the 2nd bar is less than the first bar but below the zero line then initiate SELL
To exit the existing SELL/BUY transaction details:
For the BUY - if the newest bar is 35% less than 2nd last bar, then initiate SELL to close the BUY position
For the SELL - if the newest bar is 35% more than 2nd last bar, then initiate BUY to close the SELL position
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In regards to the calculations of the bars to give the overall height, those are the numbers we should use to determine the exiting of the BUY/SELL signal not the actual TS number on the side.
What do you think?
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