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Hello Derk,
Quote:
and "Avoid entering a Short when RSI PL < the lower volatility band, <50 and <32." Quote:
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A Long position should be exited when the RSI crosses back below the upper voltility band. A Short position should be exited when the RSI crosses back above the lower volatility band. Derk, is it possible to add an alarm to your indicator? Greetings, Chris |
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Thank you; I will keep this in mind. -Derk |
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Add Page Alert
SwingMan, have you had a chance to look at adding the email alert to your indicator ? I attempted adding it to the 'Entry Signal' but I get way too many pages, I did something wrong. I have it attached if you want to take a look, thx
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Hello Derk,
Quote:
Better to say: Avoid entering a Long trade when RSI PL > 68 and avoid entering a Short trade when RSI PL < 32. Quote:
In the appendix you see a daily chart of the EUR/GBP. On Oct. 3rd, haClose is below the PAC Low and PAC is trending down. This means basically "Go Short". But when looking at the TDI you'll see, that the RSI PL is above 50. So that cancels the Short Signal. Now you have to wait until RSI PL also falls under 50 before entering a Short position. Maybe my interpretation is not right. Please correct me if I'm wrong. Quote:
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Updated Indicator
Greets:
I have updated my indicator with a couple more features: 1) Added alerts 2) Added a legend to tell what the exit codes mean 3) Added "add to position" arrows, according to the synergy specs. The entry arrows are solid, the "add to position" arrows are hollow. 4) Added a filter to not enter a buy trade if green line above 68 (or below 32 for sell). You can turn this on and off using the "UseEntry68_32" setting. OTHER SETTINGS: "UseSmallerExit" setting decides whether to exit a trade if the HA candle is "much smaller" than the previous. "DefineSmaller" tells what 'smaller' means, as a percentage. Default is 0.08, meaning 8%, which is the best setting I found with minor testing. "ReqRedYellowCombo" will, if set true, require the red to be above yellow for long, or below for short entry. "UseVolExpanding" will, if set true, require the volatility (blue) bands to be expanding in order for a trade to be signaled. Updated file can be found in my previous post, #65 If you have any good suggestion to filter bad trades or stay in good ones, please let me know. Best, -Derk Last edited by DerkWehler; 10-04-2007 at 06:50 AM. |
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I believe mine satisfies most if not all your requests now. Good trading, -Derk |
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I re-downloaded and checked the code, as well as the functioning. Works fine. Can you check your experts and journal tab; look for errors? -Derk Last edited by DerkWehler; 10-04-2007 at 07:02 AM. |
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