Create a simple MACD BUY SELL signal indicator using three MACD indicators for the calculations

MQL4 Indicators

Job finished

Execution time 1 day
Feedback from customer
Great developer! Finished the project on time. And exactly as requested.

Specification

I am looking for a developer that has some strong experience in developing indicators, since I'm hoping to have this project completed rather quickly.  I am looking for this indicator to help me define when to open trades in my trading project. To save time, please provide a summary of  your previous development work and history.  If not, I will ask for that information and that will just take  more time.

I REALLY appreciate the level of skill and expertise that exists here among the developers on MQL5.

I believe that the rules are rather simple, so the coding should be quite straight forward.

The source code is to be delivered at the completion of the project. 

Thank  you!


The definition of this  indicator is as follows...


Rules for Trade Open Signals (BUY Example, SELL signals use the opposite rules)

1.      MACD Trad2 Smoothed Blue Line is below the candle body at the close of the candle AND

2.      OT3MA (yellow  line) is UP AND

3.      MACD Histogram Wis is above zero AND


4.      Scrolling back to the first candle where the body of the candle is above MACD Trad2 Blue Line, there was no other BUY signal (This condition MIGHT be at the closed candle... but this rule just allows for MACD Histogram Wis to 'catch up' if it is behind in crossing above zero)

5.      THEN display a LIME bar with a value of +1 in the new indicator window (SELL Signals are -1 and display a RED bar)

 

Rules for Trade Close Signals (BUY Example, SELL signals use the opposite rules)

1.      The previous signal generated by this indicator was a BUY signal AND

2.      The MACD Histogram Wis bar at  the closed candle is lower than the same indicator at the previously closed candle AND

3.      Super Passband Indicator is BLUE or WAS BLUE at its most recent high

4.      THEN display a GREEN bar with a value of +1 in the new indicator window (SELL signals are -1 and display an ORANGE bar)

 

Secondary rules for Trade Close Signals (BUY Example, SELL signals use the opposite rules)

1.      The previous signal generated by this indicator was a BUY signal AND

2.      The MACD Histogram Wis bar at  the closed candle is lower than the same indicator at the previously closed candle AND

3.      MACD Histogram Wis bar at the previously closed candle was a minimum of (Minimum Close MACD Size) AND

4.      Super Passband Indicator is DOWN

5.      THEN display a GREEN bar with a value of +1 in the new indicator window (SELL signals are -1 and display an ORANGE bar)




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Project information

Budget
50 - 150 USD
For the developer
45 - 135 USD
Deadline
from 1 to 2 day(s)