Trend Indicator

MQL4 Indicators

Job finished

Execution time 15 days
Feedback from customer
Great job as before,excellent approach.We had to clarify the project further,but as always very dependable and highly recommended!

Specification

I need a trend indicator as follows:

It has to monitor all currency pairs which are currently loaded in the charts bar.   

Variables:

1.All time frames from M1 through W1 -  has to be able to select one,two,three ,etc up to all 8 of them.



The indicator will monitor the currencies in the chart bar for a break in the price of the last closed bar,  in all time 

frames selected in variable 1.

It will then execute an alert notification if all time frames give a break of the price in the same direction.

Also, a basic rule when monitoring for breaks will be that when a direction of break for a given time frame is established, 

it has to continue to indicate the same direction for the next bars until a break in the opposite direction occurs. I.e. if 

no break in either direction (or a break in the same as previous direction of course) occurs, then the time frame is still 

indicating the same as previous direction.
If,however a break in the opposite direction occurs,then its a stop - no alert is given and the comparing between the 

different time frame bars continues until all detect breaks in one and the same direction.

An example:

We load eur/usd currency in the chart bar.
We choose M1  and M5  time frames in variable 1 of the indicator.

In M1,the current bar breaks high(up) the previous closed bar.
In M5,the current bar breaks high(up) the previous closed bar.

The indicator alerts us for a trend developing up.(the visualization could be displaying a green up-arrow for high and red 

down-arrow for low along with the abbreviation of the currency pair).

Next,the M1 continues to break  the price high(up) in every consecutive bar, but M5 doesn't break  in either direction and 

stays within the limits of the previous bar.

The indicator still alerts us for a trend developing up.

Next, M1  breaks low(down).The indicator stops alerting for trend up and depending of the M5 (up,down or neither) may alert 

us for a trend developing down(if M5 breaks down as well).

Additionally, a second visualization has to be implemented in the upper-left corner of the chart,displaying  the time frames 

selected in variable 1 and indicating the last detected break direction for each time frame(with red-green arrows). 

 

P.S.Also additionally,when the conditions for an alert are met,I'd like a horizontal green  or red line(high or low break) to be drawn on the chart on the level of the break of the lowest time frame from those chosen in variable 1.

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Project information

Budget
20 - 30 USD
VAT (20%): 4 - 6 USD
Total: 24 - 36 USD
For the developer
18 - 27 USD
Deadline
from 1 to 3 day(s)