Specification
Good day,
I want you to modify and convert My existing Hull Moving average Indictor into a New meta trader 4 indicator,
The indicator is a moving average trend indicator and you are to use the following description for creating the indicator.
The original Indicator has a trend line that changes colour based on the trend of the market. it changes from RED ( Sell signal) to Green ( Buy signal.
Hull Moving average IndictorYou are to add the Hull Moving average indicator to the chat three times.
First Hull Moving average Indictor should have it Input set at 600. ( MAIN Trend ) and colour size 3. this particular trend determine the signal direction.
second Hull Moving average Indictor should have it Input set at 200. and colour size 2
Third Hull Moving average Indictor should have it Input set at 100. and colour size 1That means the New indicator will have three trends lines.
BUY Signal generation:
When Hull Moving Average with input of 600 is showing buy (Green ) and
Hull Moving with 200 is showing buy (Green) also and
Hull Moving Average 100 is showing buy (Green) BUT crosses Hull moving Average 200 upward.
The Hull moving average with input 600 trend line is below the crossing point.
And Price is 20 pips close to the crossing point or has retraced downward to the crossing point within 30 candle stick. for example if the crossing occurs on 5 minute time frame. then a signal can be generated with 150 minutes which is about 30 candles formation any time the price fall within 20 pips from the crossing.
That is a buy signal.
---------------------
SELL Signal generation:
When Hull Moving Average with input of 600 is showing SELL (RED ) and
Hull Moving with 200 is showing SELL (RED) also and
Hull Moving Average 100 is showing SELL (RED) BUT crosses Hull moving Average 200 downward.
The Hull moving average with input 600 trend line is Above the crossing point.
And Price is 20 pips close to the crossing point or has retraced upward to the crossing point within 30 candle sticks. for example if the crossing occurs on 5 minute time frame. then a signal can be generated with 150 minutes which is about 30 candle stick formation any time the price move upward within 20 pips close the crossing.
That is a Sell signal.
------------------------------------------------------------------------
The reason for the above strategy is that that i want price to retrace as close possible to the crossing point so i can get a good entry point with 30 candle stick when the trend is still strong in that direction.
secondly, Ensure the number candle stick time option is adjustable to any number i want.
Also the number of of how close the price can be close to the crossing point option is adjustable. where i can easy change from 20 pips to any number.
More so, Include option where the Hull moving Average 600 can be pulse, while HmA 100 and hma200 is still generating signal/ opening trade based on their crossing/ retracement.
Add trailing stop loss, Magic number and martingale and other function that EA must have.
lastly The EA should be able to send me email notification alert signal any time it open a trade.
I hope you understand my explanation.
---------------------------
I have attached 2 images of the chart to show you signal point.
banner.jpg is sell signal and super buy.jpg is buy signal.
Only those that can do the JOB FOR #39 SHOULD APPLY.