This indicator is based on Linda Bradford Rashkes First Cross system.
Normally trend based systems follow the trend from beginning to end, but this indicator instead selects a piece of the trend. This approach can be a very reliable alternative way of trading a trend.
It waits for the 1st move to become exhausted then enters in anticipation of a sudden surge. The trend if found using a faster momentum indicator. When we get a cross on the 2nd oscillation we get our signal. Hence we capture a piece of the trend.
Features :
- Based on a unique trading concept
- Choose your favourite colors and size of Line and Arrow
- Send alerts to either your PC, eMail or mobile device
- Can be traded on any market and timeframe
Settings :
Moving Average Settings :
- Fast MA Period - Sets the period of the fast moving average. Recommended at 200.
- Fast MA Method - Sets the method of calculation for fast moving average. EG 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA
- Fast MA Applied - Sets the type of price we base our calculation on : PRICE_CLOSE, PRICE_OPEN, PRICE_HIGH, PRICE_LOW, PRICE_MEDIAN, PRICE_TYPICAL, PRICE_WEIGHTED
- Slow MA Period - Sets the period of the slow moving average. Recommended at 200.
- Slow MA Method - Sets the method of calculation for slow moving average. EG 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA
- Slow MA Applied - Sets the type of price we base our calculation on : PRICE_CLOSE, PRICE_OPEN, PRICE_HIGH, PRICE_LOW, PRICE_MEDIAN, PRICE_TYPICAL, PRICE_WEIGHTED
- Average Of Oscillator - We compare a current bar the moving average is based on to the previous bar. The further back we go the more smooth the moving average direction becomes. EG 20 for smooth, 1 for choppy.
Graphical Object Settings
- Moving Average Color - Color of moving average
- Histogram Color - Color of histogram
- Arrow Color Buy - Color of buy arrow
- Arrow Color Sell - Color of sell arrow
- Arrow Size - Size of arrow
- Cross Color Buy - Color of cross on buy
- Cross Color Sell - Color of cross on sell
- Cross Size - Size of cross
Start Hour End Hour
- Start Hour - On and after this hour the EA will start trading.
- End Hour - On and after this hour the EA will stop trading.
