stiffdogg06
New member
Hey guys,
First off, thank you for all the help you guys give through this community.
Let's get started. Here is a link to the strategy/indicator I am hoping you guys can help me implement:
https://www.forexfactory.com/showthread.php?t=11854
Basically, the strategy uses the 50 SMA, 21 EMA, and 10 EMA but it uses the angle (~20 degrees up/down) of the 50 SMA to determine the strength of the trend (they call it the SMA Angle indicator that has a 21 MA on top of it. The problem is, different zooms make the angle change of the 50 SMA on the chart.
So, basically 2 things. How can we determine the angle of the 50 SMA apart from using the angle trend line tool? This isn't as important as I can eyeball it.
More important, is the SMA Angle indicator. How can we make the SMA Angle Indicator have the 21 EMA on top of it plus the 0.1/-0.1 and 0.2/-0.2 lines?
I tried to download the .ex4 file but I can't seem to find a download for MT4 so I can possibly pull code.
Here is a photo of one of the charts from the thread
Here is a list of the trade criteria:
The trade criteria:
2.1 Wait for the 50SMA angle to be more than 20 degree
2.2 Wait for 21EMA on SMAangle indicator to cross the 0.1 or -0.1 line
2.3 Wait for price to pull back through 10EMA to 21EMA (war zone)
2.4 SMAangle bars to be higher or lower than 0.2 or -0.2 line
I hope this gives you guys enough information. If you need anything, please let me know. Thanks!
First off, thank you for all the help you guys give through this community.
Let's get started. Here is a link to the strategy/indicator I am hoping you guys can help me implement:
https://www.forexfactory.com/showthread.php?t=11854
Basically, the strategy uses the 50 SMA, 21 EMA, and 10 EMA but it uses the angle (~20 degrees up/down) of the 50 SMA to determine the strength of the trend (they call it the SMA Angle indicator that has a 21 MA on top of it. The problem is, different zooms make the angle change of the 50 SMA on the chart.
So, basically 2 things. How can we determine the angle of the 50 SMA apart from using the angle trend line tool? This isn't as important as I can eyeball it.
More important, is the SMA Angle indicator. How can we make the SMA Angle Indicator have the 21 EMA on top of it plus the 0.1/-0.1 and 0.2/-0.2 lines?
I tried to download the .ex4 file but I can't seem to find a download for MT4 so I can possibly pull code.
Here is a photo of one of the charts from the thread
Here is a list of the trade criteria:
The trade criteria:
2.1 Wait for the 50SMA angle to be more than 20 degree
2.2 Wait for 21EMA on SMAangle indicator to cross the 0.1 or -0.1 line
2.3 Wait for price to pull back through 10EMA to 21EMA (war zone)
2.4 SMAangle bars to be higher or lower than 0.2 or -0.2 line
I hope this gives you guys enough information. If you need anything, please let me know. Thanks!