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thank you perky for the indicator
It would be nice to have a couple of alerts made for this indicator.
If its possible I would like to have a alert when the candle is close to closing and its a bear candle (yellow) and the indicator bar is bullish (Green)
also when the candle is bullish (green) and the indicator bar is bearish (yellow) near close of candle also.
also when the indicator bar changes from bullish (green) to bearish (yellow) and the candle is bearish
Ill put a couple charts up that show what I mean, on the 4 hr chart this seems to be very good reverse indications. The best is the bull candle and bear inditcator.
On the 4hr G/Y chart below
1 is a nice green candle and Yellow bar for a short
2 is the same
3 is a yellow candle and green bar, could be a stop at BE or if your stubborn a small loss
there is another green candle and yellow bar the nest candle after 3 that is not marked but could have been as much as 60pip profit before it went against the trade. Switching back to the 1hr chart and looking for the deep valley might help you with exiting these with profit.
4 is a yellow candle and yellow bar nice profit
5 is a yelow candle and green bar good profit.
and thats why I would like to have and alert for these conditions.
Do a scan back and see how well this works. I need to run this thru the tester to see if I can actually trade it now.
Last edited by droesparky; 12-14-2007 at 08:22 AM.
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