Hi All,
Firstly thanks to all that participate on this forum. My knowledge has increased tremendously.
I am wondering if someone can help me with an indicator that I want to have written.
Basically my system is a combination of the box indicator introduced on this forum and a set of MA's to help filter the trend. The MA's are basically high and low in efect creating a tunnel. However I do not use them as such.
I use them as follows:
1) If at some point the shorter term MA's have crossed over both the low and high of the longer term MA's then I consider the trend bullish. The trend stays bullish until both shorter term MA's have crossed below both longer term MA's.
So on my attached chart if both purple MA's cross over the top blue MA then it's bullish. If both purple MA's cross below the low blue MA then it's bearish.
The trend does not change until both purple MA's cross over both blue MA's.
Clear as mud??
Anyway, what I want is for an indicator to be created that sits in a seperate window and plots either a red or green bar (based on the MA's) to denote the trend as being bearish (red) or bullish (green). Much like the supanova indicator. That way I can remove the MA's from my screen.
I'd like the indicator to allow for different MA periods and sma, ema & linear weighted. It should also allow for setting the price to high and low. I'd also like the indicator to not repaint. By this I mean if at the start of a time period, say we are using 15min charts, the trend is bullish and during the 15min period the MA's cross, then the indicator should stay as it was at the start of the 15min period. The indicator should only recalculate at the beginning of the next 15min period.
I hope that is clear, if not let me know and I'll clarify what I can. If anyone knows of a such an indicator please let me know.
Many thanks,
Bernie
Firstly thanks to all that participate on this forum. My knowledge has increased tremendously.
I am wondering if someone can help me with an indicator that I want to have written.
Basically my system is a combination of the box indicator introduced on this forum and a set of MA's to help filter the trend. The MA's are basically high and low in efect creating a tunnel. However I do not use them as such.
I use them as follows:
1) If at some point the shorter term MA's have crossed over both the low and high of the longer term MA's then I consider the trend bullish. The trend stays bullish until both shorter term MA's have crossed below both longer term MA's.
So on my attached chart if both purple MA's cross over the top blue MA then it's bullish. If both purple MA's cross below the low blue MA then it's bearish.
The trend does not change until both purple MA's cross over both blue MA's.
Clear as mud??
Anyway, what I want is for an indicator to be created that sits in a seperate window and plots either a red or green bar (based on the MA's) to denote the trend as being bearish (red) or bullish (green). Much like the supanova indicator. That way I can remove the MA's from my screen.
I'd like the indicator to allow for different MA periods and sma, ema & linear weighted. It should also allow for setting the price to high and low. I'd also like the indicator to not repaint. By this I mean if at the start of a time period, say we are using 15min charts, the trend is bullish and during the 15min period the MA's cross, then the indicator should stay as it was at the start of the 15min period. The indicator should only recalculate at the beginning of the next 15min period.
I hope that is clear, if not let me know and I'll clarify what I can. If anyone knows of a such an indicator please let me know.
Many thanks,
Bernie
Attached Image
