Psycho Advisor

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Psycho Advisor


Psycho Advisor

Author: frad

This script does not only plot an indicator in the chart. It also sends a sound alert and displays a message when the indicator intersects the level.

The indicator uses the following formula:

(Number of uprising candles over the time period)/(time period)*100

Therefore, if there has been an uptrend over the period, the indicator goes up. If there has been a downtrend, the indicator goes down. 12 is a good period to use, as this period is long enough to diagnose the overbought/oversold market.

The indicator gives a signal to buy when it falls below 25. When Psycho rises above 75, it gives a signal to sell. The level lines are plotted in the chart automatically.

Please do not forget to replace the path to the sound file with your own one.







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Download File


PsychoAdvisor.act PsychoAdvisor.act (2.63 KB, 3,005 views)

User Comments

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No Member Photo by avuljkxmwjmy posted Wednesday, December 28, 2011
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Hello,I am new to the forum and just say hi.Hope to talk with more friends.
No Member Photo by Administrator posted Monday, August 01, 2011
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Hello Geert Leon.

 

The PsychoAdvisor is an indicator. To run this script you should open Indicator editor (ActFX/Indicator editor). Then add this script to this editor (open) and add/compile it (Compile and Add button). After that corresponding indicator will be available in Setup indicator window (Open any chart/ right-click menu/ setup indicator) “User Indicator”. To add it on the chart you should select this indicator and click Add New Indicator button. The indicator will appear on your chart.

 

Best regards.

ActFX support team

No Member Photo by Geert Leon posted Friday, July 29, 2011
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Still don't understand what you mean by:

"This script is an indicator and it should be opened through the indicator editor instead of strategy editor.

So you should open ActFX/Indicator editor/Open    and then name of the custom indicator."

Which indicator are you talking about?

Thank you

Geert
No Member Photo by Administrator posted Friday, August 27, 2010
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Hello, Akuna.

This script is an indicator and it should be opened through the indicator editor instead of strategy editor.

So you should open ActFX/Indicator editor/Open    and then name of the custom indicator.

Best regards

-ACTFX© Forum Administrator

No Member Photo by Akuna posted Thursday, August 26, 2010
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I can't compile this script. it gives me this error: Layout = separated; ???
No Member Photo by Administrator posted Friday, July 16, 2010
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Hello all.

Problem has been resolved. Updated version of the program can be downloaded from this link: http://www.actfx.com/Attachment108.aspx

Best regards

-ACTFX© Forum Administrator

No Member Photo by Josh posted Wednesday, July 07, 2010
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Have added this but geting the following message:
exception at user script
range check error

can someone help
e-mail me at josh.mostert@gmail.com

thanks
No Member Photo by frad posted Monday, January 25, 2010
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Dear pedro,

I have translated your post using this:

http://translate.google.com.ua/?hl=pt&tab=wT#en|pt|

Perhaps it will help you too.. Unfortunately i do not speak portugues
No Member Photo by pedro posted Sunday, January 24, 2010
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alguem pode postar algo em portugues?
não entendo nada em ingles.


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Type: SCRIPT

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