The Namib Spike

12. Jan. 2022

Thank you to Karl S who coded my idea. Below are the trigger conditions. Testing would be welcomed. I have not looked at the effectivity on higher or lower timeframes. Feedback highly appreciated.

A 3-tiered alert/notification system:

Level 1 Alert (Pop-up notification "Level 1 Bullish Alert" or "Level 1 Bearish Alert"
1. Determine bullish or bearish trend of price above or below 200 EMA
2. RSI level (customizable level)
3. ADX (customizable level as well as option to filter that the current ADX value is higher/lower as 1,2,3,4,or 5 candles ago)

AND/OR

Level 2 Alert (Pop-up notification "Level 2 Bullish Alert" or "Level 2 Bearish Alert"
1. Determine bullish or bearish trend of price above or below 200 EMA
2. RSI level (customizable level)
3. ADX (customizable level as well as option to filter that the current ADX value is higher/lower as 1,2,3,4,or 5 candles ago)
4. Higher Timeframe trends for 2 higher Timeframes (price above/below 200EMA) agrees with current Timeframe

AND/OR

Level 3 Alert (Pop-up notification "Level 3 Bullish Alert" or "Level 3 Bearish Alert"
1. Determine bullish or bearish trend of price above or below 200 EMA
2. RSI level (customizable level)
3. ADX (customizable level as well as option to filter that the current ADX value is higher/lower as 1,2,3,4,or 5 candles ago)
4. Higher Timeframe trends for 2 higher Timeframes (price above/below 200EMA) agrees with current Timeframe
5. Percentage (customizable) from previous H1/H4/D1/W1's (customizable) high & low prices

16. Jan. 2022

Versionshinweise

Two enhancements from the original script:

Rule 1 EMA Bearish and Bullish trend trigger now reversible.
Rule 2 (RSI) for all triggers have been changed to upper and lower parameter for overbought and upper and lower parameter for oversold.

23. Jan. 2022

Versionshinweise

Fixed the EMA trend reversal option.

29. Jan. 2022

Versionshinweise

Added 13, 50, 200 & 800 EMAs