Job for Wahoo only

Details as follows:

Start with a 5min bar chart of the usd/japanese yen as this is the only market i follow.On it place a 5period simple moving average of the high range of the bars coloured in red.Then place another 5period simple moving average of the low range of the bars coloured in blue.That is the basic chart setup necessary to produce the signals.In the example i am sending i start the process on the far left.

Wait for the first bar to close outside one of the averages,in this case it is the high average and i have marked it with a red arrow.That is the start of the first uptrend cycle which will last until the first close beneath the low average,which i have marked with a blue arrow.This is the start of the first downtrend cycle which will last until the next close above the high average which is marked with another red arrow.Where i would like an indicator signal is marked with a yellow arrow.This marks the first bar to close above the highest range bar of the previous uptrend cycle marked by the red horizontal bar.The next signal to be produced would be a downtrend arrow marked in yellow when a bar closes beneath the lowest range of the previous downtrend cycle marked with the blue horizontal line.I have given the example of these in attachment spread trading 1.I included more examples of signals that would be produced following on from the first chart in attachment spread trading 2.

The point to understand is that a change of trend is only produced when a bar closes, for example for an uptrend,when the current bar closes above the highest range of the previous uptrend cycle.If it does not do this it is judged to be still in a downtrend.See what you make of it and get back to me when you can,if you have any queries or i have not explained things well enough let me know.

Capabilities already discussed are email and audible alerts with on/off switches and also could you make either trend signal alert able to be switched on or off.