Higher-Timeframe EMA Signals, Alerts, and Bar Selection
Summary
This document describes a chart indicator that displays trend or trade direction using data from an EMA prediction indicator calculated on a selected timeframe. Users can choose the instrument, timeframe, fast and slow moving-average periods, average types, and applied prices. The signal appears as a colored chart symbol, with optional alerts, sound, and phone push notifications.
The key operational caveat is that alerts and push notifications should use a bar index greater than one: the current bar's signal can change or disappear before the bar closes. The guide also covers visual placement and naming options, including using distinct label names when multiple copies are on one chart. It provides configuration details and figure captions for continuation and entry signals, but no performance results or evidence that the signals are profitable. The indicator requires a compiled file in the platform's indicator directory.
Key ideas
- The indicator visualizes trend or trade direction from an EMA prediction on a chosen timeframe.
- Fast and slow moving averages can be configured by period, method, and price input.
- Alerts and push notifications depend on the selected signal bar, and current-bar signals may disappear.
- Separate label names are needed when multiple instances share a chart.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.