indicator 5_34_5
There is one of chaos indicators of Bill Williams (Alligator, Gator oscillator, Fractals, Accelerator/Decelerator, Awesome oscillator)
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I have some questions about this MT4 indicator "5_34_5" found here http://www.xeatrade.com/trading/11/%20/330.html
1. How to interpret it? How to use it? Does it give buy/sell signal? If yes, what are their?
2. When is better to trade using this indicator : range or trend?
3. What is the best chart setting for this indicator (UT, ...) to skip false signals?
4. What code lines to add to get a sound alert:
- when the fast line cross above the slow line.
- when the fast line cross below the slow line.
- one candlestick before the fast line cross above the slow line.
- one candlestick before the fast line cross below the slow line.
5. Is it a variant of the MACD(12,26,9)? I mean, is it a MACD(5,34,5)?
6. How to get the same (or very close) indicator on a trading platform not compatible with MQ4 language?
Thank you very much.