I think that is where the problem lies, I set it to 2 and got no alerts, I will try disabling the number of alerts in the code and will try it again next week, I think it might be a good indicator and worth persuing

Hi increase

I did test on min 5 alert
an it seemed fine. I also haven't seen any exit signals. I personally have the mind set to apply TP and SL. Check out the Isakas KusKus along with this indi.

Still had no responce from the author. If we can drop him a mail, maybe he will join us waddahattar@hotmail.com

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Safe Trades

the source

Okay guys here is what I think is going on and how to use it.

Since we are waiting for the Author, let get this done will he arrives

From looking at the code, it looks like an mix between Standard MACD and iBands Displayed as a seperate window flat indicator.

So the Green and Red lines correspond with MACD
The Sienna line looks like it indicating the explosive price power
The Blue line indicated the dead zone - no trade.

All logic seems to be looking at the Close price

So Green is Buy and Red is Sell.
If Green is above Blue and Siena - Signal Buy
If Red is above Blue and Siena - Signal Sell

Exit

Exit the Open Buy when Green goes below Blue Dead Zone.
Exit the Open Sell when Red goes below Blue Dead Zone.

Now this is where it bothers me, because it is a very sensitive indicator. I am more concerned at this stage with false exits than false trade signals.

I see the Exit signal in the code and the alerts are true, but I still don't grasp the rules that need to apply to trigger it. I might grasp it after a week of testing. Started on Thursday night and didn't trade on Friday. So give me a bit more time and we can revise this.

If you guys differ from my views please add any comments. I really have no problem with being wrong or corrected.

__________________
Safe Trades

the source

The indicator was posted on mql forum. It´s in the metaeditor online database.

The author already posted a couple more and immediately accepted some modifications to another one.

Post on mql forum to contact and rate the code. I´m sure he/she will respond.

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I am very glade to join you

I am sorry for my bad english

for this indicator this is my explain

this indi shows four Lines

- horizental dot line ( Dead Zone ) .. it work a filter for weak signals and no alert when the red or green histogram under it .

- red histogram shows the current down trend .

- green histogram shows the current up trend .

- yellow line shows the explosion in price up or down .

signal for buy :

- when green histo goes up and yellow line goes up and green histo is higher than yellow line and all is higher dot line .

signal for exit buy :

- you can exit buy when green histo down lower yellow line .


signal for sell :

- when red histo goes up and yellow line goes up and red histo is higher than yellow line and all is higher dot line .

signal for exit sell :

- you can exit sell when red histo down lower yellow line .

Hi Waddah.

Welcome to the Forex TSD forum.

Thank you for the explaination. We appreciate your time.
I hope you enjoy the forum. There are some great guys working very hard to produce excellent indicators and EA's.

Welcome

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Safe Trades

the source

Mr. Waddah Attar,
Thanks for your indicator and explaination.
Would you please give your suggestion on what Time Frame this indicator works best and under what condition we should not use it.
Thanks in advance.
Nomura

thank you very much

I will work with you to create a special and great system

I design this indicator to work on M30 as very good

Hi waddah attar,
Thanks for sharing and explain your indicator with us.
Btw, do you trade this indicator alone? and howmany pips average per month this indicator produce? And what pair did this indicator work best?

Thank you