New BlueDream's indicators

There are two indicators :

1. BDStochRSI_Bar
Summarized the signal from standard Stochastic and RSI. I will use this indicator on H4. The signals generated by this indicator are :
- UP
- DOWN
- Correction(Up)
- Correction(Down)
- High Risk SELL
- High Risk BUY
- No Signal
The indicator could save time, simplified analysis and reduce human error.

2. BDBestEntryAlert
This indicator won't show the direction of market but it's aim to get the best among the best entry point for BUY and SELL, so that our post will follow the price movement as soon as we enter the market. I will use this indicator to read M5 pattern (fractals and engulfing) for entry point. Moreover, the signal generated earlier before current candle complete (as soon as the pattern captured by program)... so that we won't miss even few pips (the idea of indicator's creation). The indicator display alert box, no need to watch chart on every single moment to get entry point.

For example : Let say the indicator on H4 shows that the market will up.... by using BDBestEntryAlert, i will accept only on BUY signal to enter the market

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Update


I've updated the BDStochRSI_Bar. The indicator display signal summary for all timeframes and indicator's bar not displayed.

The signal result was actually same (or maybe accidentally same) as what i have summarized on my price action analysis using candles formation... where biggest timeframes indicates strong BEARISH and no sign yet for BULL while H4 indicates weak BULL.

Please refer my post on Saturday, August 30, 2008 - GBPJPY : My Next week trading option.