Indicator 5_34_5

#1

Hello

I have some questions about this MT4 indicator “5_34_5” found here https://www.mql5.com/go?link=http://www.xeatrade.com/trading/11/%20/330.html

  1. How to interpret it? How to use it? Does it give buy/sell signal? If yes, what are their?

  2. When is better to trade using this indicator : range or trend?

  3. What is the best chart setting for this indicator (UT, …) to skip false signals?

  4. What code lines to add to get a sound alert:

  • when the fast line cross above the slow line.

  • when the fast line cross below the slow line.

  • one candlestick before the fast line cross above the slow line.

  • one candlestick before the fast line cross below the slow line.

  1. Is it a variant of the MACD(12,26,9)? I mean, is it a MACD(5,34,5)?

  2. How to get the same (or very close) indicator on a trading platform not compatible with MQ4 language?

Thank you very much.