Impulse Smart
- Utilities
- Igor Semyonov
- Version: 1.22
- Updated: 13 April 2020
- Activations: 5
Description
Impulse Smart is an indicator impulse trading system based on Moving Average and MACD Classic Smart with sound notification.
The idea of the impulse system based on Moving Average and MACD Histogram was first offered by Dr. Alexander Elder in his book "Come Into My Trading Room".
You can color bullish and bearish moods.
Inputs
- Calc_Method_MA - Moving Average and MACD Classic Smart calculation type:
- Single Moving Average (by default).
- Double Moving Avarage.
- Triple Moving Average.
- FastMA - fast moving average period (FastMA = 12 by default).
- SlowMA - slow moving average period (SlowMA = 26 by default).
- SignalMA - signal line period (SignalMA = 9 by default).
- MA_Period - MA period (MA_Period = 13 by default).
- MA_Method - MA averaging method.
- Signal_Method - The averaging method of the signal line.
- Applied_Price - used price.
- Shift - shift relative to the price chart.
- Sound_Play - a flag that allows the sound notification:
- true - allow a sound signal.
- false - not allow a sound signal.
- Arrows - a flag for display of signal of probable reverse of the previous tendency:
- true - to display a signal.
- false - don't show a signal.
Purpose
The indicator can be used for manual or automated trading in an Expert Advisor.
The trading rules state that you should not sell when bars are blue, and you should not buy when they are red. Unpainted bars allow traders to consider their further actions: buy or sell.
Rules of action: In the beginning it is necessary to wait for a signal of a possible reverse of a tendency (a sound notification may be allowed), and then the beginning of coloring of bar in the same direction (a sound notification may be allowed).
For automated trading, the values of any double type indicator buffer are used:
- for coloring of bars - 0, 1, 2 or 3. The values must not be equal to EMPTY_VALUE!
- for signal of reverse of bulls or bears tendency - 7. The values must not be equal to EMPTY_VALUE!
Recommendations
It is recommended to use the indicator together with Keltner Channel, Color Price Channel, Pivot Points, Price Levels, Fibonacci Retracements or Bollinger Bands.