So I am into simple. Back to the fundamentals of the entire 10.xxx series. 240 MA buy only above the 240 line--sell only below the 240 line. This indicator which I call 240 BUY/SELL indi will tell you when to buy above and when to sell below the 240 line. How does it work........ well that is my secret. I stuffed everything I knew about trading the 240 line into one indi and bingo this is what I got.
As soon as you get the signal to buy or sell, place your SL above/below the last or present candle high/low and let the trade rip. It doesnt give TP areas but that can vary. One indicator on the screen and that is the 240 line the indi does all the rest.
I also reversed the signals so you could counter (CT) trade the trend. Did you really think I would give up CT trading.
Anyway when you get the CT signal for a buy the candle must also be green. If you get a CT signal for sell the candle must also be red. If you CT trade and the candle turns color on you get out. After that look for your profit.If you put the 2 indis together on the screen you can take the trend buys.sells and use the CT signals as your close. If you CT trade you then can use the trend buy.sell signals as your close trade.
These indis will work on any TF and you may want to try lower or higher TF. The signals however are always off the 240 MA. So if you use it on a 1H chart that is like the 60MA on the 4H chart. I designed it for the 4H (what else would i do huh?) but it seems to work on any TF. Just more signals on a lower TF. Anyway the complete 240 MA signal system is here.
The indi is suppose to work anytime during a candle so I do not wait for a candle close. That is the only thing I dont know yet but here it is. I also didnt publish the code so it is what it is. There is a trade the 240 trend screen (black) and a 240 CT screen (dark maroon).
One line on the screen, one indi giving signals. Puts a buy or sell arrow on the screen, sends a message, and also gives a noise alert. Other than that its my secret indi but I will share the indi but not the knowledge. Someone really really sharp may figure it out though. Have fun.
IMPORTANT NOTE ABOUT THIS INDICATOR:
OK I got it now. Every TF the 240 line means something different. For example the 240 on the 4H is the same as the 60 on the daily and 960 MA on the hourly. The 240 on the 1H is the same as 60 on the 4H and 10 on the daily. On the 15M the 240 is the same as the 60 on the hour and the 15 on the 4H. So when you change TF the program deletes all the arrows and resets them to the new TF. When you switch back to the 15M the arrow is gone because the conditions of that trade are gone, price changed direction. If you stay on the 15M TF the arrow should stay and it would be a losing trade. I believe that is how the program works.
Rex on page 8 has a good suggestion on using this with a 15M trading system. His Download and materials are there.
Thank you Elixe for adding the various alerts, cleaning up the code, and adding the time stamp.
UPDATE V.8.0 includes push alerts and we combined the two indis into one indicator. You can have trend trading
ShowCounterTrend = true; //Turn to False if you only want trend trades
SendAlerts = true; // Sends noise alerts
PopAlerts = true;// Sends screen alerts
PushAlerts = true;// Sends alerts to phone
EmailAlerts = true;//Sends alerts by email
After marking these true the push and email alerts must also be set up inside your Empty4. Go to tools, options, then email alerts or notifications to set up the alert to your email or phone. Good luck with that I have never tried it.
To protect this alert from pirates I have added date ending to the program. It will not work after Jan. 1, 2015. This has nothing to do with me making money on the item but preventing others from doing so. There are 4 people who have the original code so if something happens to me they can still update the indi. I hope you understand I think this thing is that good. It is worth protecting and keeping it free to all who want to use it. That has always been my philosophy.
Update V.11 eliminated update signal with every new candle. Arrows that disappeared in the past will now change colors showing where signals had been given. A 60MA version was also added. See notes inside V.11 folder. Page 13 will start the discussion of the latest update.
