Quote:
Originally Posted by radatats
This appears to be a very promising EA and I will begin testing this week. However, I would also like to demo the indicator manually. Could you please briefly explain the four parts of the indicator and which combinations actually provide the trade signal?
Thanks for your hard work.
Steve
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Steve
The filter indicator is based on a well know indicator MadroGoldenFilter
with a few changes programmed into it.
I do not want to take credit for an excellent indicator programmed by a someone else.
It will wok on any currency as I have found but I prefer the EUR/USD for manual trading on the original indicator
This indicator gives us four signals to filtering 4 strategies:
Broken Trend:
Buy:
1 - Breaking the Down Trend;
2 - Crossing of two Exponential Moving Average: EMA9 Cross Up EMA30;
3 - Momentum value > 100.
Sell:
1 - Breaking the Up Trend;
2 - Crossing of tow Exponential Moving Average:EMA9 Cross Down EMA30;
3 - Momentum < 100.
The lower one gives the momentum & the Arrows points to the crossing of 2MA:
Buy:
1 - Breaking the Down Trend;
2 - Crossing of two Moving Average: EMA5 Cross Up SMMA15 (Smooth);
3 - DeMarker value > 0.5 & Force Index >0.
Sell:
1 - Breaking the Up Trend;
2 - Crossing of two Exponential Moving Average:EMA5 Cross Down SMMA15;
3 - DeMarker value < 0.5 & Force Index< 0.
The Middle one gives the required signal & the Arrows points to the crossing of 2 MA:
Buy:
1 - Crossing of tow Exponential Moving Average: EMA5 Cross Up EMA15;
2 - RSI value > 50 & Crossing Up of MACD& Crossing Up of ADX.
Sell:
1 - Crossing of two Smooth Moving Average: EMA5 Cross Down EMA15;
2 - RSI value < 50 & Crossing Down of MACD& Crossing Down of ADX.
The Upper one gives the required signal & the Arrows points to the crossing of 2 MA:
When the price passed a strong resistance or support we can get a good confirming signal for Buy or Sell by looking to the three signals of the indicator.
Bernard
. oh and dont worry im not live with excalibur. waiting for final version 
Linear Mode
