errol wrote: ↑
Sat Aug 03, 2019 2:20 am
Hi, I am fairly new to this forum but I may have a great suggestion for mr Tools to create an alert indicator for the 20 EMA moving average and standard deviation crossover..This can be used as a stand alone trading system on a larger timeframes for entering trend trades, for instance from the hourly time frame and above...
The ideal alert system should involve the cross over of the standard deviation from below the 20 EMA...if you place these 2 standard mt4 indicators on your charts you will notice that great moves are preceded from the standard deviation crossing over the 20ema from below and all you need to do is trade in the direction of the prevailing trend whether up or down...It would be nice is mr tools can create an indicator with the above two that has an alert system when this cross over happens...Thanks in advance
Please explain your strategy more. Do you mean to have standard deviation with period of 20, applied to close price, and exponential moving average with period of 20, applied to close price, at the same chart? If you mean so, have you noted that the cross overs change when you move your chart to left or right?
Please upload a screenshot of your strategy that it could be understood better.
I Love forex station..