Cherokee Indicator

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Cherokee Indicator

Postby Nostromo1904 » Sun Jul 12, 2020 5:52 am

Hi guys :P

I need an indicator as described on the example.

This indicator is based on the slope of two exponential moving averages:

*ema 7 (close) applied to price.

*ema 9 (close) applied to MACD zerolag (look at the example, this ema 9 is not the "signal line").

Very simple:

*RED Arrow above each candle when the slopes of these ema are BOTH RED.

*GREEN Arrow beyond each candle when the slopes of these ema are BOTH GREEN.

*NO arrows when slopes are DIFFERENT.

An arrow appear on current candle, and remain on the chart at close of the candle only if the condition "both ema red" or "both ema green" is ok.

Thanks for all! Bye :mrgreen:
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Re: Cherokee Indicator

Postby Apprentice » Sun Jul 12, 2020 7:34 am

Your request is added to the development list.
Development reference 1682.
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