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Re: MT4 Indicator requests and ideas

talaate, Tue Oct 01, 2019 5:02 am

mrtools wrote: Tue Oct 01, 2019 2:53 am

Seems everyone has a different idea about buy and sell conditions for alligator, which one do you prefer?
Ok let us referred to the Alligator indicator I posed. There the well known three indicator, i.e. Blue; Red; Limegreen. If the lines are arranged such that upper is lime green then Red then Blue, from my point of view it is good indication for Bullish signal (Buy). On the other hand, if the lines are arranged such that upper is Blue then Red then lime green, as I believe, it is good indication for Bearish signal (Sell). The given Figure may explain my believe.
I think same idea can be applied for the famous "3 ma cross (mtf + alerts)" indicator.
if these condition are not existed no signal (gray or non histogram)
As usual, the signal should be confirmed by additional indicator's'.
Anyway, it just idea from old man (almost 62 years), you may ignored if you believe it is nonsense since I believe in your opinion
Thanks
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