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RV = Reversal signal
1 = M1
2 = M5
3 = M15
4 = M30
5 = H1
6 = H4
7 = D1
today i have tested RV signal in USDJPY,
as shown in pic, USDJPY ::: RV signal @ 3 (= M15) so the price will move and touch a middle line of BB (gold line) @ TF M15, than she will move back on the trend.
still need more 'n more test to know how it's work, it's usable or not.
Yup, this RV signal is working GOOD at Major currency pairs,
but NOT working in cross currency pairs such as GBPJPY, EURJPY, ...,
RV signal ::: Target POINT is mid line of BB at TimeFrame RV signal show, and after that she will MOVE back ON TREND.
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Setting of this RV signal :
RSI (5), Stochastic (5,3,3), SMA (1) & SMA (4)
# RSI > 70 && Stoch > 80 && SMA (1) < SMA (4) === signal DOWN
# RSI < 30 && Stoch < 20 && SMA (1) > SMA (4) === signal UP
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Thanks for use / try it this little tool, your feedback is important to get in better 'n better.
Hi masemus,can i make some request,can you put yesterday daily price OPEN, CLOSE and Middle?
Quote:
example code:
H = iHigh(NULL,tc,shift+shift_time);
L = iLow(NULL,tc,shift+shift_time); M = (H+L)/2;
CL = iClose(NULL,tc,shift+shift_time);
OP = iOpen(NULL,tc,shift+shift_time);
i get this idea from default indicators in MT4, and i try to make it easy ::: how to read that's indicators.
# before you ask how to use this system, it's gonna better if you try it first ::: see the history / back view, and take a good look at the moving of thats indicator.
i hope you enjoy this, and improve this system to make it better.
It just idea,can anyone of you create indicator something like signal meter when price above pivot and above market open=UPTREND, when below pivot and below market open=DOWNTREND and when between Pivot and Market open,price sideway