Trend Text Indicator

Budget

Posted: 5 years ago

Opened

Description: When the TMA crosses the WMA and/or the RMA crosses 0, and/or the trend averages come into alignment (Bull or Bear) within a 5 bar parameter of the MACD lines crossing (two to left of MACD lines crossing and two to right of MACD lines crossing)) refer to attached images..

Plot the text BULL/Bear text alert on 4th candle after the BBI crosses zero (location of text, refer to image1_LONG Position and image2_SHORT Position) ONLY if the 3rd bar after BBI crosses zero completes as MACDDiff > 0 and MACDDiff[1] < Plot1 above 0 and ONLY if the 3rd bar after BBI crosses zero completes as MACDDiff < 0 and MACDDiff[1] > Plot1 below 0.

DO not plot text if the 3rd bar after BBI crosses zero completes as MACDDiff > 0 and MACDDiff[1] > Plot1 above 0 or if the 3rd bar after BBI crosses zero completes as MACDDiff < 0 and MACDDiff[1] < Plot1 below 0.

2. Comment out Exit Text... (I will use that later as we build a strategy)
Skills:
image21.png,image212.png,image31.png,image313.png

Source: guru.com