Need Big Help on Indicator Coding

Hi Rotunda,
So, are you now adding the 60/4 indicator to the Cobra template and the entry is now simply with the 60/4 arrow inline with the Stochastic overbought/sold condition?
Original cobra 1,2 candle rule and ADX are now not taken into account.
You simply want the PA to break out of and close outside both orange /blue zones but by using the new 60/4 ema rule arrow you seem to achieve it anyway automatically??

Anu, these are two seperate methods. Applying the 60/4 indie to the Cobra method is not advisable.

oh! ok, thanks.

This is a sound effective entry and exit method. Thanks for sharing.

Hello Everyone,

Please kindly assist me with this indicator. I want to add alert to it, I have tried but keep getting repeated alert.

I want it to display alert when

I will appreciate if someone can assist with this.


Thanks

Hello traders,

any one have yesterday's DAY OPEN CLOSE HIGH LOW , horizonal line indicator, please post here

Hello everyone,

I need a help from anyone who know how to code an indicator

Basically, i am looking to back test a strategy, for which I would like a custom indicator

My strategy is based on combining "Semafor" indicator and candlestick patterns to create entry points


Would greatly appreciate response from anyone who can help me with this


Regards,

Praveen

I just came across this thread about the Forex Cobra System and although it's no longer active I wanted to thank fxtr51 for the work he put into the indicators/templates and the Cobra EA! What a great guy!

Cheers mate and may Life reward you for your kindness.

Ronald

Actually, the example on page 19 of the manual shows a red arrow closing outside (below) the blue band before the valid entry happened. In your screenshot there's a mix of entry signals, appearing after an exit signal or without a forgoing exit signal, if I'm not mistaken... It might be helpful if the indicator would signal the exits too.

In my opinion the most interesting entry signals happen straight after the blue 'wave' (or at least two of the blue lines) crosses the orange wave, followed by price cutting through both the orange and blue waves. After that, it's still worthwhile to watch for entry signals after one or more exits, but the 'fresh' signals clearly have my preference. This is obvious, I guess, because who doesn't like to get in on trades at the beginning of trends. Don't forget, the Forex Cobra System was set up to catch 'mini trends': "The basic idea behind this system, is to exploit the smaller time frames and trade small trends which wouldn't normally be identified (or don’t actually exist) on the bigger time frames." (page 7 of the manual).

Also, although it's okay to trade different time frames, this system is based on the 1 hour time frame: "But remember this is a short term trending system, so when I say we only trade in the direction of the trend, I mean we trade in the direction the market has been moving over the last 3 days, broken down over 72 hours on the 1 hour charts. So we use a 72 period Moving Average line (MA) as a guide to tell us the direction of the current short term trend. A 72 moving average line is simply a line which tells us the average direction of the market over the last 72 candles (in our case the last 72 hours because each of our candles is 1 hour long)." (page 11).

Really cannot thank fxtr51 enough for making some nice and helpful indicators available for everyone to use for free! Bless you guy!

Ronald