Today we have updated most of our indicators with a new feature.
Trend filters and oscillator filters have been added to alert indicators.
All these filters can be used in various combinations to filter the indicator signals.
Settings
Trend Filters parameters
tf_MovingAverage_TrendFilter – enable filter by moving average and current price (if price above the ma it gets buy signal, if below – sell)
tf_MA_TimeFrame – moving average timeframe
tf_MA_Period – moving average period
tf_MA_Method – moving average method (sma, ema, smoothed, linear weighted)
tf_MA_Price – moving average price (close, open, high, low, median, typical, weighted)
tf_MA_Shift – moving average shift
tf_MA_SignalReverse – if true changes direction of signals to reversed
tf_MovingAverageCrossOver_TrendFilter – enable filter by crossover of two moving averages (if the first ma above the second ma – it gets buy signal, if below – sell)
tf_First_MA_TimeFrame – first moving average timeframe
tf_First_MA_Period – first moving average period
tf_First_MA_Method – first moving average method (sma, ema, smoothed, linear weighted)
tf_First_MA_Price – first moving average price (close, open, high, low, median, typical, weighted)
tf_First_MA_Shift – first moving average shift
tf_Second_MA_TimeFrame – second moving average timeframe
tf_Second_MA_Period – second moving average period
tf_Second_MA_Method – second moving average method (sma, ema, smoothed, linear weighted)
tf_Second_MA_Price – second moving average price (close, open, high, low, median, typical, weighted)
tf_Second_MA_Shift – second moving average shift
tf_MA_CrossOver_SignalReverse – if true changes direction of signals to reversed
Oscillator filters parameters
tf_MACD_TrendFilter – enable filter by MACD (if histogram above zero it gets only buy signals, if below – sell)
tf_MACD_TimeFrame – MACD’s timeframe
tf_MACD_FastEMA – MACD’s fast ema period
tf_MACD_SlowEMA – MACD’s slow ema period
tf_MACD_SignalSMA – MACD’s signal sma period
tf_MACD_SignalReverse – if true changes direction of signals to reversed
tf_OSMA_TrendFilter – enable filter by OsMA (if histogram above zero it gets only buy signals, if below – sell)
tf_OSMA_TimeFrame – osma’s timeframe
tf_OSMA_FastEMA – osma’s fast ema period
tf_OSMA_SlowEMA – osma’s slow ema period
tf_OSMA_SignalSMA – osma’s signal sma period
tf_OSMA_SignalReverse – if true changes direction of signals to reversed
tf_RSI_TrendFilter – enable filter by RSI (if RSI below Low level it gets only buy signals, if above High level – sell)
tf_RSI_TimeFrame – rsi’s timeframe
tf_RSI_Period – rsi’s period
tf_RSI_High_Level – rsi’s high level
tf_RSI_Low_Level – rsi’s low level
tf_RSI_SignalReverse – if true changes direction of signals to reversed
tf_Stochastic_TrendFilter – enable filter by Stochastic (if Stochastic below Low level it gets only buy signals, if above High level – sell)
tf_Stochastic_TimeFrame – stoch’s timeframe
tf_Stochastic_KPeriod – stoch’s K period
tf_Stochastic_DPeriod – stoch’s D period
tf_Stochastic_Slowing – slowing
tf_Stochastic_High_Level – stoch’s high level
tf_Stochastic_Low_Level – stoch’s low level
tf_Stochastic_SignalReverse – if true changes direction of signals to reversed
Examples of usage
Projectreaper CCI Alert indicator – http://projectreaper.pw/en/cci-smoothed-mtf-alert-indicator/
Standard CCI signal alert indicator unfiltered
Standard CCI signal indicator trend filtered by EMA 100 from Daily timeframe
Projectreaper Trend Alert Indicator – http://projectreaper.pw/en/trend-alerts-indicator-mtf/
Trend signal indicator unfiltered
Trend signal indicator trend filtered by EMA 100 from Daily timeframe
The updated Projectreaper alert indicators will automatically notify you of this update.
