Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time). Click here to register and get more information
Hello again,
Does anyone have the Thermometer Indicator? It is very usefull indicator showing entries in established trend. I used to use it in Futures trading.
Here is the formulae if someone decides to build it:
The indicator moves between PLus 5 and Minus 5. It is placed below the Price Chart on your screen, just like any oscilator.
We need Open, High, Low and Close for the last 2 days.(Bars) The reading is taken after the market`s close for the day.(Or on the Close of the last Bar in case of intraday trading).
Firstly,
If today`s Close is higher than yesterday`s Close give it PLUS 2
If today`s Close is lower than yesterday`s Close give it MINUS 2
If today`s Close is equal to yesterday`s Close give it ZERO
Secondly,
If today`s Close is higher than today`s OPEN give it PLUS 2
If today`s Close is lower than today`s OPEN give it MINUS 2
If today`s Close is equal to yesterday`s OPEN give it ZERO
Finally check Today`s RANGE in relation to yesterday`s CLOSE
If today`s LOW is above ysterday`s CLOSE give it PLUS 1
If today`s LOW is below ysterday`s CLOSE give it ZERO
If today`s HIGH is below ysterday`s CLOSE give it MINUS 1
If today`s HIGH is above ysterday`s CLOSE give it ZERO
We are interested only in Plus and Minus 5 readings of this indicator.
If the trend is going UP we look at Minus 5 to go Long.
If the trend is down we look at Plus 5 to go Short.
Entry is o the Open of the next bar. (Day, Hour, M30..etc..)
Well, BibBob , as you know all the indicators are practically the same. I mean they use the same logic. So this one could be FxOverEasy_bars or Heiken Ashi smoothed, or something like this.
1) Is this is spread alert indi?
2) stoplevel means what?
thanks for this indi.
jessussss
what do you think ? why don't you try and see?
if it will alert you "spread or stoploss changed" - than take a guess - may be it is
2. in case you never noticed - stoplevel, stoploss level - minimal level of stoploss from current price allowed by your broker at the moment
btw. you should test any indicator before you use it in the first place
many indis might work, might not, good or bad - you newer know - try and see (test)
jessussss
what do you think ? why don't you try and see?
if it will alert you "spread or stoploss changed" - than take a guess - may be it is
2. in case you never noticed - stoplevel, stoploss level - minimal level of stoploss from current price allowed by your broker at the moment
i have test..
i just need your opinion.. thats all..
Could one of you guys please put an ALERT on the this indicator for me? When the SMA crosses the Chimp2 please to have an Alert in the sense of an Arrow on the candles and pop-up alert on screen, please?
Much appreciate your help with this.
67 downloads and no one offered to help?, but I guess that is the way the cookie crumbles. Thanks to my friend Yannis, we are flying though.
__________________ "Risk comes from not knowing what you are doing" The Tao of Warren Buffett.
"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.
Hoping someone can help with this cool indicator. Just make it
so we can choose which signals to get alerts on, ie I can turn off
alerts on signals 1 &2 and only get alerts on 3, 4 and 5
or just 5, etc.. so I can select which I want to be alerted to?