This tool is created to gather multiple oscilators condition under the same umbrela and back-test your idea.
Basically the only intention of this tool is to used in combination with a back-tester indicator ( or manually ) where you get the entry based on the cumulative signals provided by this tool.
For example you can to combine RSI , MACD, CCI, Keltner Channels or whatever indicator you think it might give you an edge for an entry signal.
You can combine up to 7 indicators either by comparing them with a static value or with another indicator (for example you can compare RSI with RSI MA, Volume with Volume MA, etc)
There are two lines which will be printed.
1) Result(blue line) - it will print 1 when all the condition are met ( the same can be used for back-testing tools)
2) Condition Met count(yellow line) - which will count how many conditions from the ones selected are triggered ( for example you have 6 indicators that are matching the conditions and you still want to take a trade even if the condition number 7 is not met)
Alarms can be setup to check if more than defined conditions are present.
As a demo in the above image i have put several condition in order to possible catch bottoms.
Please understand this is just an example on how to integrate multiple condition into a single entity and should not be used as is.
1) price should close below KC
2) CCI < - 100
3) RSI < 30
4) Vol > Vol MA
Past performance do not guarantee future performance.
Basically the only intention of this tool is to used in combination with a back-tester indicator ( or manually ) where you get the entry based on the cumulative signals provided by this tool.
For example you can to combine RSI , MACD, CCI, Keltner Channels or whatever indicator you think it might give you an edge for an entry signal.
You can combine up to 7 indicators either by comparing them with a static value or with another indicator (for example you can compare RSI with RSI MA, Volume with Volume MA, etc)
There are two lines which will be printed.
1) Result(blue line) - it will print 1 when all the condition are met ( the same can be used for back-testing tools)
2) Condition Met count(yellow line) - which will count how many conditions from the ones selected are triggered ( for example you have 6 indicators that are matching the conditions and you still want to take a trade even if the condition number 7 is not met)
Alarms can be setup to check if more than defined conditions are present.
As a demo in the above image i have put several condition in order to possible catch bottoms.
Please understand this is just an example on how to integrate multiple condition into a single entity and should not be used as is.
1) price should close below KC
2) CCI < - 100
3) RSI < 30
4) Vol > Vol MA
Past performance do not guarantee future performance.