MA_Buy_comparison
Created on 8/1/2013 3:10:23 PM
Buy signals get generated if short time frame EMA's are higher than longer time frames in preceeding order. Buy only if short term EMA's are confirmed by mid and long term market trends.
This indicator can be used as a signal provider for
LOCTrader Expert Advisor.
EURUSD
USDJPY
GBPUSD
USDCHF
M1
M5
M15
M30
Hourly
H4
Daily
Buy Signals
EMA5>EMA6
Moving Average 5 Exponential Close
Is Above
Moving Average 6 Exponential Close
EMA13>EMA21
Moving Average 13 Exponential Close
Is Above
Moving Average 21 Exponential Close
RSI14_UP Direction
Relative Strength Index (RSI) 14 Close
Points Up (growing)
Condition 10
Moving Average 89 Exponential Close
Is Above
Moving Average 89 Simple Close
Sell Signals
EMA5 less EMA6
Moving Average 5 Exponential Close
Is Below
Moving Average 6 Exponential Close
EMA13 less EMA21
Moving Average 13 Exponential Close
Is Below
Moving Average 21 Exponential Close
EMA89 less SMA89
Moving Average 89 Exponential Close
Is Below
Moving Average 89 Simple Close
RSI14 Down
Relative Strength Index (RSI) 14 Close
Points Down (lowering)
RSI14 below 48
Relative Strength Index (RSI) 14 Close
Is Below
Constant (Horizontal line) Value: 48
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This is a custom indicator for Metatrader 4 platform. To use it you need:
- Download this indicator and copy into your metatrader experts/indicators folder.
- Restart your Metatrader 4 terminal.
- Indicator will appear under Custom Indicators section. Attach the indicator on the chart.