EMA Channel Cross

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This indicator creates a channel from the EMA of the high and low. A signal is generated when a slow EMA crosses into the channel or a fast EMA crosses out of the channel.
"Maximum Fast Outside Length" requires the fast signal move from outside the channel across to the other outside of channel within this number of bars. I haven't found this too helpful.
"Minimum Slow Outside Length" requires the slow signal to be outside the channel for this number of bars. This should filter some choppiness.
A volume moving average filter is also available.

NOTE: this indicator "repaints". This means the signal may be generated in the middle of the bar, then go away before the bar closes. The alerts are issued the first time the cross occurs in the bar (also mid-bar). It is up to you to decide to act on the signal when it is issued or at the close of the bar.

Inspired by AmericanTrader on Baby Pips user forum:
forums.babypips.com/t/scalping-strategy-to-finish-the-year-strong/970430

٨ يناير ٢٠٢٣

ملاحظات الأخبار

Added volume moving average filter.

١٣ يناير ٢٠٢٣

ملاحظات الأخبار

Added alert function calls