subsoft:
How can i avoid getting false signals without incorporating any new oscillators i.e. RSI or ATR
Multiple time frame analysis is your friend.
- Jack
How can i avoid getting false signals without incorporating any new oscillators i.e. RSI or ATR
One thought that comes to mind is to ensure the difference between MA(20) and MA(50) is greater than a threshold.
So, in pseudo code
const double THRESHOLD = 0.0001;
if ( MA(20) crosses MA(50) && MathAbs(MA(20)-MA(50)) > THRESHOLD )
{
buy();
}
the moving average changes as the price moves up and down
it is correct that the moving average can cross multiple times
you can either enter on the first cross and block the rest or based on other conditions.
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Hi all,
I am new to MQL4, I am creating a simple indicator as most newbies would do - 2 MA cross signal
Logic:
BUY - > When MA 20 cross MA 50 from below = arrow up
SELL - > When MA 20 cross MA 50 from top = arrow down
Indicator is almost done and is working, but i am getting quite a few multiple buy and sell signals when MA crosses frequently
How can i avoid getting false signals without incorporating any new oscillators i.e. RSI or ATR
Thanks for your help