This indicator uses two EMAs to find the trend direction and then it uses some volume analysis techniques to find the perfect entry bar.
The idea was to build a simple lightweight indicator that encapsulates a trend trading system, whenever a faster EMA is above a slower EMA or vice versa and both EMAs are rising or falling the indicator consider this type of situation trending and it waits for a perfect bar.
To find the signal bar it uses Advanced Volume and High/Low volume indicators, the former is used for measuring the bar bullish/bearish volume strength with a user-defined minimum percentage value and the later is used for filtering out the noise bars.
Features
- Popup, sound, Telegram and email alert on trading signals
- Simplifies trend trading
- You will be able to change each EMA periods
- Uses bar volume data to find entry signal
Version 2.4.5.0
Release Date: August 22, 2020
Changed: Update notification library
Changed: Alert library
Version 2.4.4.0
Release Date: August 8, 2020
Added: Alert mode
Changed: Alert library updated
Version 2.4.3.0
Release Date: April 25, 2020
Added: Now you can enable/disable the update check
Version 2.4.2.0
Release Date: March 26, 2020
Changed: Updated to the latest cTrader automate API
Changed: Alert library updated
Removed: Signal Statistics
Version 2.4.1.0
Release Date: June 20, 2019
Changed: Stats code updated
Version 2.4.0.0
Release Date: June 6, 2018
Added: Signal stats and testing
Changed: Alert library updated
Removed: MMI filter
Version 2.1.0.0
Release Date: October 29, 2018
Added: Using bar volume to calculate its strength via Advanced Volume and High/Low volume indicators
Changed: Alert library updated
Removed: Candlestick patterns filter
Version 2.0.0.0
Release Date: June 01, 2018
Removed: Stochastic filter
Removed: Time filter
Removed: Longer time frame filter
Changed: Alert library updated
Changed: calculation code tweaked
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