Hi Thread,
I read few posts ago that you are interested in the EMA 34, according to Raghee Horner's work.
I do use THV system, on which I added this indy, to detect potential huge movements. Actually, I use it also on french CAC40 index, with success.
Please find attached an indy that I developed last year, that points out when PA>EMA (34) (high) and CCI>130
or PA < EMA (34) (low) and CCI<-130
An algorithm avoids multiples arrows on consecutive bars.
You can adjust the parameters.
Here are mine, they help me everyday...
Timeframe= 0
CCi_Period= 20
CCI_UP_Limit= 130
CCI_DOWN_Limit= -130
UP_Color= LightGreen
DOWN_Color= Tomato
About the colors:
The first three colors are for drawing the 3 EMA(34) ribbon: (low,close,high)
Please note: this indy is supposed to be visualized ONLY IN M5
Regards
I read few posts ago that you are interested in the EMA 34, according to Raghee Horner's work.
I do use THV system, on which I added this indy, to detect potential huge movements. Actually, I use it also on french CAC40 index, with success.
Please find attached an indy that I developed last year, that points out when PA>EMA (34) (high) and CCI>130
or PA < EMA (34) (low) and CCI<-130
An algorithm avoids multiples arrows on consecutive bars.
You can adjust the parameters.
Here are mine, they help me everyday...
Timeframe= 0
CCi_Period= 20
CCI_UP_Limit= 130
CCI_DOWN_Limit= -130
UP_Color= LightGreen
DOWN_Color= Tomato
About the colors:
The first three colors are for drawing the 3 EMA(34) ribbon: (low,close,high)
Please note: this indy is supposed to be visualized ONLY IN M5
Regards
Attached File(s)
GAC2.mq4
4 KB
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582 downloads