HOW TO COMBINE TWO OR MORE SIGNAL ALERT INDICATORS TOGETHER
Watch the testing video here:
In order to develop more accurate trading alerts, alert indicators might communicate their signals.
With a few examples, I'll show you how to do it.
So, you have two or more indicators and want to integrate them into an alert system depending on their signals.
In order to develop more accurate trading alerts, alert indicators might communicate their signals.
With a few examples, I'll show you how to do it.
So, you have two or more indicators and want to integrate them into an alert system depending on their signals.
There is a parameter called Indicator Mode in the settings of our alert indicators that adjusts the indicator modes:
StandAlone – the default option for receiving notifications regarding this indication
MasterFilter – The indicator saves the last signal in the terminal in this mode, and the alert arrows transform into a hollow body to distinguish the indicators. This option does not issue any warnings and instead saves its signals in your terminal.
SlaveSignal – In this mode, the indicator reads the signals of all indicators in the MasterFilter mode applied to this chart window and provides an alert when all of the signals align in the same direction. The indicator uses a vertical line to readily distinguish old signals from fresh valid signals on the chart.
Here are the examples.
This is MACD alert indicator in StandAlone default mode
This is the same MACD alert indicator in MasterFilter mode
It has modified the arrows and only saves the most recent signal, which in this case is a buy signal. It does not send any alarms, sounds, or notifications in this mode.
In SlaveSignal mode, this is the same MACD alert indicator.
It has switched the arrows and only retains the most recent signal, which would be a buy signal in this case. No alarms, audio, or notifications are sent in this mode.
In SlaveSignal mode, it's the same MACD alert indicator.
Heavy MACD 100 period in MasterFilter mode and Parabolic SAR breakout alerts in SlaveSignal mode
Classic heavy Moving average in MasterFilter mode and smoothed Stochastic alerts in SlaveSignal mode
MACD in MasterFilter mode and TDI marketbase crossover alerts in SlaveSignal mode
MACD in MasterFilter mode and BullsvsBears crossover alerts in SlaveSignal mode
You may also combine bank levels indicator, support levels alert indicator, support resistance zones alert indicator, and other indicators to obtain signals on daily range breakouts, as I mentioned in my Instagram stories.
I'm quite excited to build this feature, and I hope it will help me improve my trading.
Remember to keep your indicators up to date.
Please contact me via the comments area here, Instagram direct messaging, or Telegram if you have any questions or criticisms. Choose the indicators you need here
