To enable alerts: Add the indicator to the chart and create a new alert with the settings Condition: , Frequency: Once Per Bar (on Close).
Feel free to message me if you have any questions :)
- Improved signal validity when price is hovering around EMA (according to the strategy rules)
- Implemented optional ATR stop loss algorithm for making stops and targets slightly tighter while still adjusting for volatility.
ATR Stop Loss Algorithm:
If ATR is under 30 then stop loss = 20 pips
If ATR is over 30 but under 50 then stop loss = 30 pips
If ATR is over 50 but under 100 then stop loss = 50 pips
If ATR is over 100 then stop loss = 100 pips
Cleaned up the code and simplified the settings interface.
I will be releasing a new-and-improved premium version of this indicator soon with more options and features (the one I use in my own personal trading).
Check my website for more information - http://www.zenandtheartoftrading.com/ind...
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