This indicator will use ALMA cross as strategy to display Buy and Sell signals. You can filter the signals with several options, like a Moving Average (MA), True Strength Index (TSI), Range Filter, and/or filter by session. You can set alerts with pre-defined Take Profit (TP) and Stoploss (SL). Please read below for more detailed information.
Plots on the chart
- ALMA Fast and ALMA Slow.
- ALMA Cross Dots on top.
- Buy/Sell signals. Show as a Diamond or as regular.
- Moving Average (MA). Available options: SMA/EMA/ZLEMA/DEMA/TEMA.
- Sessions Filter (London/New York/Tokyo/Sydney)
- Take Profit and Stoploss.
- Show Stoploss hit.
ALMA
Default is ALMA Fast set to 13 and ALMA Slow set to 50. These can be changed by input.
ALMA Cross Dots on top
This will display dots on top of the chart. It shows ALMA Fast and ALMA Slow crosses only, without MA, TSI, Range Filter, and Session filter.
- Blue dot: ALMA crossover, up direction.
- Orange dot: ALMA crossunder, down direction.
Moving Average (MA) for overall trend direction
It is possible to enable the overal trend direction using the MA.
When enabled, Buy signals will be shown when signal is above the MA, and Sell signals will be shown when signal is below the MA. The following options are available:
- SMA = Simple Moving Average
- EMA = Exponential Moving Average
- ZLEMA = Zero Lag Exponential Moving Average
- DEMA = Double Exponential Moving Average
- TEMA = Triangular Moving Average
True Strength Index (TSI)
The signals can be filtered using the True Strength Index (TSI). Please note, this indicator will use the TSI, but won't display it for visualization. Default options: Long Length 25, Short Long 13, Signal Length 13. This can be changed by input.
Range Filter
The signals can be filtered using the Range Filter. Change the input in the settings. You can also display the Range Filter from the Styles tab.
Sessions Filter
Filter signals by session. You can also select the UTC timezone, and use daylight savings time (this will add 1 hour for daylight savings time). Available options to use as session filter: London/New York/Tokyo/Sydney. You can also display the sessions without using them as filter.
Take Profit (TP) and Stoploss (SL)
The TP and SL can be set. Use the value in ticks. So 30 pips equals 300 ticks. You can enable/disable the TP and SL from settings.
Alert Option
Alerts can be set to message you with the pre-defined TP and SL when a Buy Signal or Sell Signal occurs. I recommend to use alerts with trigger "Once per bar close". When linked to your broker/metatrader it is possible to set the indicator as autotrading since it will message you:
- Entry price
- TP price
- SL price
Plots on the chart
- ALMA Fast and ALMA Slow.
- ALMA Cross Dots on top.
- Buy/Sell signals. Show as a Diamond or as regular.
- Moving Average (MA). Available options: SMA/EMA/ZLEMA/DEMA/TEMA.
- Sessions Filter (London/New York/Tokyo/Sydney)
- Take Profit and Stoploss.
- Show Stoploss hit.
ALMA
Default is ALMA Fast set to 13 and ALMA Slow set to 50. These can be changed by input.
ALMA Cross Dots on top
This will display dots on top of the chart. It shows ALMA Fast and ALMA Slow crosses only, without MA, TSI, Range Filter, and Session filter.
- Blue dot: ALMA crossover, up direction.
- Orange dot: ALMA crossunder, down direction.
Moving Average (MA) for overall trend direction
It is possible to enable the overal trend direction using the MA.
When enabled, Buy signals will be shown when signal is above the MA, and Sell signals will be shown when signal is below the MA. The following options are available:
- SMA = Simple Moving Average
- EMA = Exponential Moving Average
- ZLEMA = Zero Lag Exponential Moving Average
- DEMA = Double Exponential Moving Average
- TEMA = Triangular Moving Average
True Strength Index (TSI)
The signals can be filtered using the True Strength Index (TSI). Please note, this indicator will use the TSI, but won't display it for visualization. Default options: Long Length 25, Short Long 13, Signal Length 13. This can be changed by input.
Range Filter
The signals can be filtered using the Range Filter. Change the input in the settings. You can also display the Range Filter from the Styles tab.
Sessions Filter
Filter signals by session. You can also select the UTC timezone, and use daylight savings time (this will add 1 hour for daylight savings time). Available options to use as session filter: London/New York/Tokyo/Sydney. You can also display the sessions without using them as filter.
Take Profit (TP) and Stoploss (SL)
The TP and SL can be set. Use the value in ticks. So 30 pips equals 300 ticks. You can enable/disable the TP and SL from settings.
Alert Option
Alerts can be set to message you with the pre-defined TP and SL when a Buy Signal or Sell Signal occurs. I recommend to use alerts with trigger "Once per bar close". When linked to your broker/metatrader it is possible to set the indicator as autotrading since it will message you:
- Entry price
- TP price
- SL price
Versionsinformation:
- Added new feature: Barcolor. When Buy signal is given, the candles will color blue. When Sell signal is given, the candles will color orange. You can change the colors in the settings according to your liking.
- Made some minor bug fixes.
- Made some minor bug fixes.
Versionsinformation:
Made some changes in settings tab so it's easier to enable/disable options and select the desired color for plotting.
Versionsinformation:
Small bug fix.