OrmeK

NinjaCator Plus

This indicator demonstrates Heiken Ashi Candles (HA) and PSAR settings that have flipped in sequence.

It will provide an indication when trend indicators such as HA candles have flipped on a PSAR which also line up with MACD crossovers using an Oscillator.

It will show an Alert for the First Flat BOTTOM HA Candle that has flipped on the PSAR + when the MACD has a crossover to the upside within one bar either side of the candle and those that coincide with it.

It will show an Alert for the First Flat TOP HA Candle that has flipped on the PSAR + when the MACD has a crossover to the downside within one bar either side of the candle and those that coincide with it.

Bollinger Bands have been added to enhance the potential Alerts when the price reaches extremes.

Colour changes on the Bollinger Band MAs have been introduced to support trend change.

It is designed to provide a visual demonstration that selected indicators have met certain criteria and is NOT meant to be a trading system or offer trading advice. The indicator offers alert possibilities when the above criteria are met.

This is designed for Trend analysis ONLY and is NOT a trading strategy.
Release Notes: Amended Alert signal
Release Notes: Bug Fix on Alert
Release Notes: Update txt Alerts
Release Notes: v2.0 - Now has AlertConditions for Trend Change.
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