Daryl Indicator

This script is intended to give you signals when to buy or sell a FOREX pair based on a combination of exponential moving averages combined with the Stochastic indicator.

How Buy Signal is Triggered:

• Close Price is above 200 EMA (1 Day timeframe)
  
• Close Price is below the 20 EMA (4 Hour timeframe)
  
• Low Price is above the 50 EMA (1 Day timeframe)
  
• Stochastic is less than/equal to 20 (1 Day timeframe)
  

How Sell Signal is Triggered:

• Close Price is below 200 EMA (1 Day timeframe)
  
• Close Price is above the 20 EMA (4 Hour timeframe)
  
• High Price is below the 50 EMA (1 Day timeframe)
  
• Stochastic is greater than/equal to 80 (1 Day timeframe)
  

All the settings and timeframes of this indicator are adjustable. You can also set this up to send you alerts when a buy or sell signal is triggered.

NOTE - In this example:

• 200 EMA (1 Day timeframe) = white line
  
• 50 EMA (1 Day timeframe) = yellow line
  
• 20 EMA (4 Hour timeframe) = orange line
  

Versionsinformation:

Added the ability to choose your Alert Frequency. The default is once_per_bar_close.

Valid values to use:

• all
  
• once_per_bar
  
• once_per_bar_close
  

Versionsinformation:

Updating Chart.