The very latest is v4.76 (just like .75 but removes some debugging code I forgot to remove. The SAH just gives alerts for whatever you tell it based on the indicators you choose. I don't give advice about how to use it.
The closest it can get at the moment to the two conditions you requested is alerting you when price is above the coral on the 5 m and when there is a simultaneous trix cross with that, but it doesn't know when the Coral is red or green.
There is a chop indicator in it, which is based on Dean Malones synergy method of not trading when price is inside the two bands created by the smoothed 5 period moving average high and the smoothed 5 period moving average low. You can try it and see how you like it.
The best way to avoid chop that I know is to learn to recognize when it's going to occur. You're going to have chop whenever there's a range. In my experience there are three times when the market will range. The first is when it's waiting for something such as NFP or a big speech or crisis resolution deal or something. The second is when it goes into a holding pattern overnight and during Asia because the market has made a decisive move the day before, and everybody is waiting to see what London is going to make of it the next day. The third is when it hits a technical area where there 'has' to be chop (in the absence of some crisis driving right though that area.) Those are areas usually where you've been going in one direction for a good while, then you hit pretty strong higher tf support or resistance and get a reversal sign like a double top or bottom. Normally you should reverse with one of those but if, right below (or above in the case of a double bottom) is a pretty strong looking S or R that's going to be defended, then you're usually going to get chop until somebody wins.
The closest it can get at the moment to the two conditions you requested is alerting you when price is above the coral on the 5 m and when there is a simultaneous trix cross with that, but it doesn't know when the Coral is red or green.
There is a chop indicator in it, which is based on Dean Malones synergy method of not trading when price is inside the two bands created by the smoothed 5 period moving average high and the smoothed 5 period moving average low. You can try it and see how you like it.
The best way to avoid chop that I know is to learn to recognize when it's going to occur. You're going to have chop whenever there's a range. In my experience there are three times when the market will range. The first is when it's waiting for something such as NFP or a big speech or crisis resolution deal or something. The second is when it goes into a holding pattern overnight and during Asia because the market has made a decisive move the day before, and everybody is waiting to see what London is going to make of it the next day. The third is when it hits a technical area where there 'has' to be chop (in the absence of some crisis driving right though that area.) Those are areas usually where you've been going in one direction for a good while, then you hit pretty strong higher tf support or resistance and get a reversal sign like a double top or bottom. Normally you should reverse with one of those but if, right below (or above in the case of a double bottom) is a pretty strong looking S or R that's going to be defended, then you're usually going to get chop until somebody wins.
DislikedMissPips,
I will try out The New SAH v4.75
Will it filter out crosses on choppy market conditions or will it alert those aswell ? .
How would it react to those?
My whole idea behind this: I sleep through the London Morning session based on my timezone, But sometimes I hate missing perfect trading opportunities: Thats why I was thinking If I could setup an alarm, but then again I dont want it going off every 15mins on a small trix cross, choppy conditions: since I will be using it on M5.
I see there is 50 different types: Im...Ignored