Re: MT4 Indicators with alerts/signals

2331
hi mrtools
can u plz help in forming this indi. with alert & arrow..............(this is the modified one)
extremely sorry to post on other template
Setup :
Apply EMA 50 to high price,
Apply EMA 15 to close price, and
Apply EMA 50 to low price.

EMA (50 HIGH)
EMA (15 CLOSE)
EMA (50 LOW)

Conditions
15 EMA (white color) should cross above/below the first 50ma average.
Buy as soon as the above condition is met.
Place your stop just below the recent swing low.
Take profits when the 15 EMA falls to touch the 50 EMA/reaches first trouble area like facing resistance from strong resistance zone or any reversal conditions like pin bar formation/ bearish candlesticks clue…
One can also look for pyramiding opportunity when price comes near 50EMA and price not sustaining below/above the 50EMA.
Time Frame - 4hr/ Daily/ Weekly…
You can also form intraday strategy using the same logic just use smaller time frame like 5/15 min or 3/10 mins..

thanks in advance






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