There is a kind of S/R system that I am working on but just need an indiactor to alert wjen price crosses either the High line or Low line. This is an excellent reversal strategy.
Timeframe: 30M or 1H
Pairs: Any but prefer GBPUSD, EURUSD,GBPJPY and EURJPY
When price crosses the High Line , then place a sell order
Place buy order when price crosses the Low Line.
You can use the HMA Modified as confirmation of the reversal. Set the HMA Period in the HMA Modified Indicator to 60.
See inidicators attached.
FunyHoo , can you create an indicator that will alert to a cross of the line (either High or Low) by price with a message box and a audio alert? If you can allow the user to select the # of times the alert will sound on a cross. Also if you can have the option for the user to be able to turn the audio alert on or off, that would be great... U can modify the Din Fibo High indicator below...