Re: MT4 Indicators with alerts/signals

1401
Krelian99 wrote: Fri Mar 23, 2018 1:39 am

There wouldn't be no nrp-discussion at all if so. You need time to identify a good indi and compare it with repainting indis or recalculating ones for purpose. The question must always be for what is the indi (and the settings) and what story it tells you - not what you want to hear. If guys come around with OB/OS on RSI, they don't understand the indi at all (yes, Welles Wilder suggested such a thing, but in 2018 we all should know he was wrong) and how should they know what to do with the market. A good trader may not always know how the price moves next time, but he always knows what to do. Therefore, you must know why the indi moves how it moves.
Very true :)
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


Re: MT4 Indicators with alerts/signals

1402
Krelian99 wrote: Fri Mar 23, 2018 1:39 am

There wouldn't be no nrp-discussion at all if so. You need time to identify a good indi and compare it with repainting indis or recalculating ones for purpose. The question must always be for what is the indi (and the settings) and what story it tells you - not what you want to hear. If guys come around with OB/OS on RSI, they don't understand the indi at all (yes, Welles Wilder suggested such a thing, but in 2018 we all should know he was wrong) and how should they know what to do with the market. A good trader may not always know how the price moves next time, but he always knows what to do. Therefore, you must know why the indi moves how it moves.
It is better if you post indicator too that fits with your description. As that will fit readers mind the most. that will benefit readers on this forum, and that is the most important.


Re: MT4 Indicators with alerts/signals

1410
TEAMTRADER wrote: Mon Mar 26, 2018 11:31 pm Is there a simple alert to show when the price both opens and closes beyond a Dema?
It is for use in a renko chart.
Thanks
TEAMTRADER
Yes there are some price crossing ma's alerts around but not sure about Dema, but seems there was a price crossing averages indicator here in the forum will post it if I find it.

ps) added Dema to this one i'm posting if you put the fast ma period to 1 it will be the same as price.
These users thanked the author mrtools for the post (total 2):
TEAMTRADER, reachme


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