Hi! I would like to show you a strategy and I was wondering if any of you can help to code an indicator fot it. The strategy belongs to Joseph Nemeth. (At bottom of this article you can find a link to his YouTube video. For this strategy first you should know that it’s a trend following strategy that uses multiple time frames. To identify the Primary Direction we will look at a Daily or 4H chart with Heikin Ashi instead of regular candles. If the Heiken Ashi is up, the Primary Direction is up; otherwise it’s down. Once we’ve identified the Primary Direction we will move to a lower time frame to identify the Trend. For this purpose we will use a 20 period Exponential Moving Average on a 60 minute or 30 minute chart. If price is above the 20 EMA the Trend is up and if it’s below the 20 EMA the Trend is down. The Trend direction must match the Primary Direction. The last thing we have to do is to enter the trade and this will be accomplished on a 10 or 15 minute chart when a Heiken Ashi candle agrees with the Primary Direction and the Trend. The MACD is used to confirm our trade. Here’s how the system looks like:
Do you think is possible to code an indicator for this strategy?