Here is an indicator that I had coded for me last year. I recently made a few additions to it.
It's a lot like a MACD Bollinger Band Indicator, but different.
It will paint short, long and neutral bars.
It has a countertrend indicator built into it, which can be turned off (I usually turn it off as it produces lots of signals.)
It has the ability to email the user a trigger signal, which might be useful if you are trading in longer time frames, such as 4 hour or daily.
When I had it coded I was trying to recreate the RMO signals that are available in Metastock. I wanted to switch to Ninja, but at the time I was using the RMO for my trading signals.
I find it most useful when used with a longer term trend filtering indicator.
Category The Elite Circle
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