- June 18, 2013
- Posted by: Forex Wiki Team
- Category: FX Ind
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| Author: | pramono72 (2010.10.19 13:21) | ||
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Description:The Next Generation of MA Mirror, completed with SignalSMA. ENTRY BUY after the Red Line Cross Up the Blue Line and EXIT BUY after the Gold line Cross Up the Red Line (above the Blue Line). For the opposite position : ENTRY SELL after the Red Line Cross Down. Image:
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I hope you have understood me, I am unable to post the image here. I have sent you a mail.
25.11.2010 18:59 mayanksaini11
Dear Pramono,
Thank you very much for sharing such a nice indicator with the community on mql4codebase. I have done a little change with your indicator as I have changed the color of red in blue and vice verse as red is generally a sign of sell and blue is for buy to remember easy. I want to use this indicator in my trading and have noted that it keeps changing the signals till the candle is totally closed. There are two points to note while initiating buy/sell are: 1. Blue line and Red line has crossed each other. 2. The right most candle is closed If condition 1 and 2 is fulfilled then open position on new running candle. Take a look at the attachment and you will recognize it easily.
On first vertical line, there is no signal as the candle is closed but the indicator has not crossed. So we can wait till next candle to close. On second vertical line, there is signal as the candle is closed and indicator has crossed each other lines. Both the conditions are true so we will sell. In this example it is clearly visible so it is not a problem but sometimes it is not clearly visible when both line appear one another. For that case I request you to please add some code so that as soon as both the above conditions are fulfilled an alert is generated. So on basis of that alert we initiate buy/sell. 
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