Not talking about strategies necessarily but just standalone indicator-signals like arrows or other cross-over/ color signals, etc. Because I was looking for one with good consistent results (not "Holy Grail" 100% but at least 70-80%) where you can apply martingale.
The best arrow signal so far I came across is not for MT4 but for ThinkOrSwim, which is called "Tony Arrows". It's not perfect but it's giving nice consistent results and not afraid to apply martingale on it.
Attached screenshot (M1 chart examples for 1M expiry) and the code for ThinkOrSwim, not sure if some MT4 expert can de-code it and reverse engineer it for MT4 but here it is anyway.
Code: Select all
#
# tony lipton
# arrows version
#
declare upper;
def vmacBI = ((((((reference RSI(14)[1] - reference RSI(14)[10]) + SimpleMovingAvg(reference RSI(3)[1], 3)) < ((reference RSI(14)[2] - reference RSI(14)[11]) + SimpleMovingAvg(reference RSI(3)[2], 3))) * (((reference RSI(14)[1] - reference RSI(14)[10]) + SimpleMovingAvg(reference RSI(3)[1], 3)) < ((reference RSI(14) - reference RSI(14)[9]) + SimpleMovingAvg(reference RSI(3), 3)))) * (((reference RSI(14)[1] - reference RSI(14)[10]) + SimpleMovingAvg(reference RSI(3)[1], 3)) > Lowest(((reference RSI(14) - reference RSI(14)[9]) + SimpleMovingAvg(reference RSI(3), 3)), 21))) * (reference RSI(14)[1] < Lowest(reference RSI(14)[2], 21)));
def vmacSS = ((((((reference RSI(14)[1] - reference RSI(14)[10]) + SimpleMovingAvg(reference RSI(3), 3)[1]) > ((reference RSI(14)[2] - reference RSI(14)[11]) + SimpleMovingAvg(reference RSI(3), 3)[2])) * (((reference RSI(14)[1] - reference RSI(14)[10]) + SimpleMovingAvg(reference RSI(3), 3)[1]) > ((reference RSI(14) - reference RSI(14)[9]) + SimpleMovingAvg(reference RSI(3), 3)))) * (((reference RSI(14)[1] - reference RSI(14)[10]) + SimpleMovingAvg(reference RSI(3), 3)[1]) < Highest(((reference RSI(14) - reference RSI(14)[9]) + SimpleMovingAvg(reference RSI(3), 3)), 21))) * (reference RSI(14)[1] > Highest(reference RSI(14), 21)[2]));
plot DataBI = vmacBI[-1];
plot DataSS = vmacSS[-1];
DataBI.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
DataSS.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
DataSS.AssignValueColor(Color.YELLOW);
DataBI.AssignValueColor(Color.YELLOW);
Alert(DataBI or (DataSS), GetSymbol() + ": ARROW", Alert.BAR, Sound.DING);
Alert(vmacBI or (vmacSS), GetSymbol() + ": ARROW", Alert.BAR, Sound.DING);
