Retracement indior
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Thread: Retracement indior

  1. #1
    I am looking for an indior which sends an alert (soundwawe, pop up window and target on the chart) in these conditions:

    The price retraces below (or over) 2 emas, 10 and 20 for example.
    Once the price is going back (or below) those 2 emas I want to receive this sign ( once and once only,if possible ).

    Do you know where I could find this kind of indior? Or could it be programmed by somebody?
    Thanks on advance for your help.

  2. #2
    By definition, the price must hit on the very first EMA before it hits the second one in a retracement. Therefore you only need to have an indior that signals for a single EMA - the second one.

    Once the price goes strongly in either way, both EMAs will separate signifigantly with the lengthier EMA always lagging the shorter one. After the price retraces it's going to hit the briefer EMA and might continue until it also hits the one. It can not hit the one that was first.

    I wrote that an indior called RTSignal.mq4 and I think it will do what you desire. I have not used it so that I do not understand what bugs exist, however, there hasn't been any negative comments so I am. You will find the explanation in Post 4 and the code.

    Should you discover a issue, I will fix. I will consider if you want an enhancement other than a EMA.

    https://www.nigeriaforextrading.com/...000-month.html

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