This script is intended to give you signals when to buy or sell a FOREX pair based on a combination of exponential moving averages combined with the Stochastic indicator.
How Buy Signal is Triggered:
How Sell Signal is Triggered:
All the settings and timeframes of this indicator are adjustable. You can also set this up to send you alerts when a buy or sell signal is triggered.
NOTE - In this example:
How Buy Signal is Triggered:
- Close Price is above 200 EMA (1 Day timeframe)
- Close Price is below the 20 EMA (4 Hour timeframe)
- Low Price is above the 50 EMA (1 Day timeframe)
- Stochastic is less than/equal to 20 (1 Day timeframe)
How Sell Signal is Triggered:
- Close Price is below 200 EMA (1 Day timeframe)
- Close Price is above the 20 EMA (4 Hour timeframe)
- High Price is below the 50 EMA (1 Day timeframe)
- Stochastic is greater than/equal to 80 (1 Day timeframe)
All the settings and timeframes of this indicator are adjustable. You can also set this up to send you alerts when a buy or sell signal is triggered.
NOTE - In this example:
- 200 EMA (1 Day timeframe) = white line
- 50 EMA (1 Day timeframe) = yellow line
- 20 EMA (4 Hour timeframe) = orange line
הערות שחרור:
Added the ability to choose your Alert Frequency. The default is once_per_bar_close.
Valid values to use:
Valid values to use:
- all
- once_per_bar
- once_per_bar_close
הערות שחרור:
Updating Chart.