Hi,
My first post here
I've coded a simple indicator for MT4 to show occurrences of Flying Buddhas as per Graeme's explanation from Joe. If I understand correctly it is when the high and low for a candle are both either above or below the exponential MA with a period of 5?
Anyway, here it is, hope it's useful and not out of line with this thread.
Regards,
Paul
Edit: New version that will display the EMA5 line as well as FB indicators. Both will only be displayed for completed candles to prevent bouncing around on current candle for every tick.
My first post here
I've coded a simple indicator for MT4 to show occurrences of Flying Buddhas as per Graeme's explanation from Joe. If I understand correctly it is when the high and low for a candle are both either above or below the exponential MA with a period of 5?
Anyway, here it is, hope it's useful and not out of line with this thread.
Regards,
Paul
Edit: New version that will display the EMA5 line as well as FB indicators. Both will only be displayed for completed candles to prevent bouncing around on current candle for every tick.
Attached File(s)
Flying Buddha.ex4
2 KB
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990 downloads