On the 4 hour chart it displays at a glance using these lines, what the current longer term cowabunga trend is.
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It takes into account all the signals that big pippin uses. Nice job on the indicator. I am going to check out your coding but would it be tough to have it send an email SendMail at the start of the buy or sell signal on the 15 min chart? Again nice job!
Cowabunga System from babypips.com
The criteria on the 4hr chart only has to be met for a trend change candle. The whole point of the RSI and stochastics settings is just to make sure we are not entering a trend too late or early. For example, if you had an MA crossover for a long trend but Stochastics are already overbought then it means you might be too late. Or if RSI is below 50 then you might be jumping in to early.
Once the trend change candle has met those criteria, then it means we have entered a trend at the right time. Found a logical error in the coding that caused it to miss the last signal. Will post again when it is done.
Sending an email alert should be pretty simple but I will wait till I have the coding logic all sweet first. Sounds good. Rewrote it and now should be a lot easier to use.
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Includes email facility and 4 hour trend on 15 minute chart. Download it again and try it out.
Since ybop01 rewrote the script that option is no longer needed because the new script displays the trend and entries on the 15 minutes chart. The 4 hour chart is no longer necessary. Hi guys I downloaded the indicator but i cant get it working its in mt editor but cant get it in to expert folder are any were else could some one please help are post exact instructions how to do it thanks in advance:confused:.
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You will see the indicator show up in your navigation menu under custom indicators. One more feature: If you attach it to the 4 hour chart it will automatically display the 4 hour trend as per the cowabunga system.
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