Simple Moving Average Channel Settings ------------------------------------------------------------------------ First Channel: | 70, High | Colors: 70, Close | Green w/Red Borders for Up and Red w/ Green Borders for Down 70, Low | ------------------------------------------------------------------------ First Channel: | 233, High | Colors: 233, Close | Orange w/ Blue Borders for Up and Blue w/ Orange Borders for Down 233, Low | ------------------------------------------------------------------------ First Channel: | 610, High | Colors: 610, Close | Magenta w/ Yellow Borders for Up and Yellow w/ Magenta Borders for Down 610, Low | ------------------------------------------------------------------------ Momentum Settings
ThreshHold is Set to level 0.0
Up Trend ThreshHold is set to 0.00100
Down Trend ThreshHold is set to -0.00100
------------------------------------------------------------------------ First Mementum: | 34, Close | Colors: | Green when >= Threshold 0.00100 & Red when < Threshhold 0.00100 ------------------------------------------------------------------------ First Mementum: | 233, Close | Colors: | Orange when >= Threshold 0.00100 & Blue when < Threshhold 0.00100 ------------------------------------------------------------------------ First Mementum: | 610, Close | Colors: | Magenta when >= Threshold 0.00100 & Yellow when < Threshhold 0.00100 ------------------------------------------------------------------------
We use the MAs to determine when we are reversing. We use the Momentum(s) to determine when we are consolidating on what time frame and to confirm moves. Use at your own discression, but I myself get over 100 pips most days from this strat.
If you need the Code for these custom Indicators, let me know and I'd be happy to help.
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