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I use the attached cycle identifier alert that Saroj got from the main Ninja forum and modified slightly.
There are major cycle turn identification markers and minor cycle turn identification markers.. I only care about the major cycle turn identification markers.
This indicator is most useful when you get a major cycle identifier marker plotting.. Those markets usually lead to a pullback which creates the opportunity for a good reversal trade (or a countertrend scalp).
Can someone look at the code and show me how to add an audio alert function so I can get an audio alert when a major cycle turn marker plots.
Thanks so much,
Todd
Can you help answer these questions from other members on NexusFi?
I had the same concerns on the older version but since Saroj changed it so the failed cycle markers can't be erased, I like it much better.
Besides... I'm only using it to identify high probability areas for retracement (the major cycles). I totally ignore the minor cycle identifiers. I made them 1 pixel and I make the major identifiers 10 pixels. Using it in this manner, I think it has value. I'm just trying to find a way to add an audio alert so if I have a chart minimized and that instrument (like 6e or CL) hits a major cycle identifier, then I might take the next trade when I see a retracement signal on my SMI indicator.
