Pocket Option OTC GreenLine
- Göstergeler
- Matthew Palulis
- Sürüm: 6.5
- Güncellendi: 27 Ocak 2025
- Etkinleştirmeler: 5
Indicator Title: Pocket Options GreenLine Strategy
This version of the Greenline will do Sell Alerts while in the Uptrend, in other words is MA1 Crosses below MA2 with out going below MA3 then a sell alert will be issued
Some Users requested this as they want to get as many signals as possible.
SMA(7) with File Logging for Buy and Sell Alerts
Overview:
This SMA(7) indicator is designed to provide actionable Buy and Sell signals based on the interaction between price and the Simple Moving Average (SMA). It uses a methodical approach of trend confirmation based on a sequence of candles and offers visual, audio, and file-based alerts to ensure traders never miss a signal.
The indicator is particularly well-suited for OTC markets, such as Pocket Options, and is fully integrated with the AutoSignal App, AutoSignal_connect Bot, and EABiBOT for enhanced automated trading. With its user-friendly design, customizable settings, and robust trend detection logic, this tool is ideal for traders who rely on technical analysis to make confident trading decisions.
Key Features:
-
SMA(7) Trend Detection:
- The indicator calculates a 7-period Simple Moving Average (SMA), which acts as a reference line for identifying price trends.
- Signals are triggered based on the position of the price relative to the SMA:
- Buy Signal: Price crosses above the SMA, confirming an uptrend.
- Sell Signal: Price crosses below the SMA, confirming a downtrend.
-
Candle Confirmation Logic:
- Signals are not triggered immediately upon a crossover but are validated by analyzing a sequence of candles:
- For a Buy Signal, at least two consecutive green candles above the SMA are required for confirmation.
- For a Sell Signal, at least two consecutive red candles below the SMA are required for confirmation.
- This ensures that signals are only generated during sustained trends, reducing false positives in choppy markets.
- Signals are not triggered immediately upon a crossover but are validated by analyzing a sequence of candles:
-
Buy and Sell Alerts:
- The indicator provides visual arrows on the chart:
- Blue Arrow (Buy Signal): Placed below the low of the candle, indicating an entry point.
- Red Arrow (Sell Signal): Placed above the high of the candle, indicating an exit or short position.
- Alerts are logged to a file ( alerts.txt ) for easy reference and review.
- Audio Alerts notify traders of opportunities in real-time, ensuring they never miss a signal.
- A customizable cooldown period prevents repetitive alerts within a short time frame.
- The indicator provides visual arrows on the chart:
-
Integration with AutoSignal and Bots:
- The indicator works seamlessly with the following tools for automated trading:
- AutoSignal App: Automatically processes signals from the indicator and sends them to your Pocket Options account.
- Website: https://www.autosignalapp.com
- AutoSignal_connect Bot: A bridge between the indicator and your trading platform for executing trades.
- Website: https://www.autosignalconnect.com
- EABiBOT: An advanced bot for trade automation based on custom signals.
- Website: https://www.eabibot.com
- AutoSignal App: Automatically processes signals from the indicator and sends them to your Pocket Options account.
- The indicator works seamlessly with the following tools for automated trading:
-
Customizable Settings:
- SMA Period: Users can adjust the period of the SMA to fit their trading style and market conditions.
- Arrow Offset: The position of the Buy/Sell arrows relative to the candles is adjustable.
- Alert Cooldown: Prevents duplicate alerts within a user-defined time frame.
- Signal Modifications: Option to allow or disable signal settings modifications.
-
Robust File Logging:
- All alerts are logged to an external file ( alerts.txt ), enabling traders to review their trades and signals for better analysis and record-keeping.
-
Designed for OTC Markets:
- The indicator is optimized for Pocket Options OTC markets, which are known for high volatility and price trends.
- Its trend-confirmation logic reduces noise and false signals, making it highly reliable for OTC trading.
How It Works:
-
Calculation of SMA(7):
- The indicator calculates a 7-period SMA using the closing prices of candles. This SMA serves as a dynamic reference line for trend identification.
-
Signal Generation Logic:
- Buy Signal:
- Price must cross above the SMA.
- Two consecutive green candles (bullish candles) must close above the SMA.
- A blue arrow is displayed below the low of the second green candle as a visual Buy signal.
- Sell Signal:
- Price must cross below the SMA.
- Two consecutive red candles (bearish candles) must close below the SMA.
- A red arrow is displayed above the high of the second red candle as a visual Sell signal.
- Buy Signal:
-
Visual and Audio Alerts:
- When a signal is generated, the indicator triggers:
- A visual Buy (blue) or Sell (red) arrow on the chart.
- An audio alert notifying the trader of the signal.
- Logging of the alert in the alerts.txt file.
- When a signal is generated, the indicator triggers:
-
File Logging:
- Alerts are recorded in the format: cssCopy Edit[2025.01.22 14:35:12] [EURUSD PERIOD_M1] Buy Signal | Final confirmation after green candle sequence
- This log provides a history of all signals generated by the indicator.
- Alerts are recorded in the format:
-
Prevention of False Signals:
- The indicator ensures only valid signals are generated by requiring a specific sequence of candles to confirm the trend.
- A cooldown period prevents repetitive alerts for the same signal, reducing noise.
Input Parameters:
-
SMA Settings:
- SMA_Period : Period for the Simple Moving Average (default: 7).
-
Signal Customization:
- SignalOffset : Distance between the signal arrows and the candle (default: 0.2).
- AlertCooldown : Time (in seconds) to prevent duplicate alerts (default: 60).
- AllowModifications : Allow or disallow changes to the signal logic (default: true).
-
Visual Arrows:
- Blue arrow for Buy signals.
- Red arrow for Sell signals.
Who Should Use This Indicator?
- Pocket Options Traders:
- Optimized for OTC markets, where trends are more prominent and less random compared to regular markets.
- Trend Traders:
- Ideal for those who rely on moving average crossovers and candle confirmations for trade decisions.
- Traders Using Automation:
- The integration with AutoSignal App, AutoSignal_connect Bot, and EABiBOT makes this indicator perfect for traders looking to automate their trading processes.
Important Notes for Users:
-
Integration Requirements:
- This indicator is designed to work with the following tools for full functionality:
- AutoSignal App (https://www.autosignalapp.com)
- AutoSignal_connect Bot (https://www.autosignalconnect.com)
- EABiBOT (https://www.eabibot.com)
- Alerts from the indicator are sent to these apps and bots for automatic trade execution.
- This indicator is designed to work with the following tools for full functionality:
-
No Guarantees of Success:
- While this indicator provides reliable signals, no guarantees of success are provided.
- The indicator's performance depends on market conditions and the settings chosen by the user.
-
Default Settings:
- The indicator is set to default settings, which work well for most trading scenarios.
- Users can adjust the settings to suit their specific trading style or market conditions.
-
Backtesting and Demo Trading:
- It is highly recommended to backtest the indicator on historical data and use it on a demo account before live trading.
- Ensure you understand the signal logic and behavior before relying on it for real trades.
Summary:
The SMA(7) with File Logging for Buy and Sell Alerts indicator is a highly effective tool for OTC traders. By combining SMA crossover signals with candle confirmation logic, it ensures reliable trend-based trading opportunities. Its integration with the AutoSignal App, AutoSignal_connect Bot, and EABiBOT enables seamless automation, making it an essential addition to any trader’s toolkit.