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Code Base  Indicators  MadroGoldenFilter To post a new code, please log in or register

This library is for
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Name:
MadroGoldenFilter
Author: madro (2007.03.15 12:14)
Rating: 10
Downloaded: 11361
Download:
 __MadroGoldenFilter.mq4 (6.0 Kb) View

This indicator gives us four signals to filtering 4 strategies:
     Broken Trend:
          Buy:
               1 - Broking the Down Trend;
               2 - Crossing of tow Exponential Moving Average: EMA9 Cross Up EMA30;
               3 - Momentum value > 100.
          Sell:
               1 - Broking the Up Trend;
               2 - Crossing of tow Exponential Moving Average:EMA9 Cross Down EMA30; 
               3 - Momentum < 100.

The lower one gives the momentum & the Arrows points to the crossing of  2MA: 
     Golden Trend:
          Buy:
               1 - Broking the Down Trend;
               2 - Crossing of tow  Moving Average: EMA5 Cross Up SMMA15 (Smooth);
               3 - DeMarker value > 0.5 & Force Index >0.
          Sell:
               1 - Broking the Up Trend;
               2 - Crossing of tow Exponential Moving Average:EMA5 Cross Down SMMA15; 
               3 - DeMarker value < 0.5 & Force Index< 0.

The Middle one gives the required signal & the Arrows points to the crossing of 2 MA:  
    
Golden Cross:
          Buy:
               1 - Crossing of tow Exponential Moving Average: EMA5 Cross Up EMA15;
               2 - RSI value > 50 & Crossing Up of MACD& Crossing Up of ADX.
          Sell:
               1 - Crossing of tow Smooth Moving Average: EMA5 Cross Down EMA15;
               2 - RSI value < 50 & Crossing Down of MACD& Crossing Down of ADX.

The Upper one gives the required signal & the Arrows points to the crossing of 2 MA: 
Golden Lines:
          When the price passed a strong resistance or support we can get a good confirming signal for Buy or Sell by looking to the three signals of the indicator.

   
8 comments  To post a new comment, please log in or register

This is one great indicator. But I found out the source code doesn't really match to the rules that he stated.

The following are the actual rules accordings to the code madro had written.

sonic

///////////////////////////////////////////////////////////////////////////

This indicator gives us four different signals to from 4 strategies:

Broken Trend (Cross in the box)

Buy:
Momentum value > 100.
Sell:
Momentum < 100.


Golden Trend (box)


Buy:
DeMarker value > 0.5 & Force Index >0.
Sell:
DeMarker value < 0.5 & Force Index< 0.

Golden Cross (Cross)
Buy:
RSI value > 50 & Crossing Up of MACD& Crossing Up of ADX.
Sell:
RSI value < 50 & Crossing Down of MACD& Crossing Down of ADX.


Golden Lines (Up/Down Arrow)
Buy:
Crossing of two Exponential Moving Average: EMA5 Cross Up EMA15
Sell:
Crossing of two Exponential Moving Average: EMA5 Cross Down EMA15

///////////////////////////////////////////////////////////////////////////

 

 

 

 

 

07.06.2008 10:24 sonicdeejay

Pls do have an EA for this...cos its kool

Uzo

02.11.2007 13:27 ruffneck75
Madro - do you have an EA for this indicator ? I would appreciate if I can use it . Thank you .Mike D
01.08.2007 18:50 tennis
what is the meaning of colors and shapes? when i can sell/buy? I'm a little confused.
04.06.2007 23:26 eskis
Thank for this program so can I use it with EUR/USD ?
If it possible, please tell me what chart ? 1hr ? 5 Mn ?

Your indicator is good Mr
09.05.2007 13:12 kouzin6
Seems you have to manually add the two Exponential Moving Average: EMA9 & EMA30. .

You seem to be using 4hr timeframe on the pic..... can you use this on a 1hr chart? or is 4hr better on GBP/JPY

Thanks
14.04.2007 09:06 keymaker

very good set of indicators
thanks madro

20.03.2007 11:39 Prince1972
This indicator easy to use but are they repainted?
Thank in advance.
Chawichsak
16.03.2007 18:14 chawichsak