Thread: simple 5/8 crossover daily chart
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Old 06-12-2008, 09:21 AM
newdigital newdigital is offline
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You should see the arrows with PeterM's settings (see my previous post):

arrowsacross1205.jpg

What is DeltaForSell and DeltaForBuy?
It is
- BigPeriod moving average (ema, sma, lwma and so on) + delta in pips for buy
and
- BigPeriod moving averages minus delta in pips for sell.

It means the following:

If ShortPeriod MA is crossing BigPeriod MA plus delta in pips for long - it is buy arrow.
If ShortPeriod MA is crossing BigPeriod MA minus delta in pips for short - it is sell arrow.

So, this DeltaForSell and DeltaForBuy together with BigPeriod MA is a channel. It means that ShortPeriod MA is crossing BigPeriod MA channel.
But you will see just the arrows only (with alert).

There are many other indicators here Cross!
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