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Code an Indicator based on Orderblock with Multi timeframe functionality.

MQL5 Indicators Forex

Job finished

Execution time 104 days

Specification

I need an indicator that is going to look at several order blocks (OBs) across multiple timeframes.


Definition of order block

An order block is a candlestick pattern formed by either 3 or 4 candles.

Normal order block:

Candle

Bullish

Bearish
A Bearish Candle   Bullish Candle 
B Bearish Candle & Close < Candle A Low Bullish Candle & Close > Candle A High
C Bullish Candle & Close > Candle B High Bullish Candle & Close > Candle B High

OB values

  • Open - Open of Candle B
  • High - High of Candle B
  • Low - Low of Candle B
  • Close - Close of Candle B

Normal Order block


Order block + Fair Value Gap

Candle

Bullish

Bearish
A Bearish Candle   Bullish Candle 
B Bearish Candle & Close < Candle A Low Bullish Candle & Close > Candle A High
C Bullish Candle & Close > Candle B High Bullish Candle & Close > Candle B High
D Candle D Low > Candle B High Candle D High < Candle B Low

OB values
  • Bullish
    • Open - Open of Candle B
    • High - High of Candle B 
    • Low - High of Candle D 
    • Close - Close of Candle B 

  • Bearish 
    • Open - Open of Candle B 
    • High - Low of Candle D 
    • Low - Low of Candle B 
    • Close - Close of Candle B


How must it behave

The Indicator needs to search across multiple timeframes for the order blocks and display horizontal lines on the chart for the one of the selected values:

  • High (bullish ob) /Low (bearish ob)
  • Open
  • Both

When price closes above (bullish ob) /below (bearish ob) these lines need to be deleted, otherwise they are updated with right coordinate as current time.


Inputs

  • Order block type (Enum)
    • Order block
    • Order block + FVG

  • Order block zone (enum)
    • High/Low
    • Open
    • Both

  • M1 Opposing? (bool)
  • M2 Opposing? (bool)
  • ... m3, m4, m5, m6, m10, m12,m15,m20,m30,h1,h2,h3,h4,d1 (bool)


How it must look like

Returning Buffers

It needs to return the following buffers.

  • Closest Bullish Value
  • Closest Bearish Value

These values are the closest lines in regards to current price. The buffer needs to always display a value (unless of course there are no Order blocks).


Things to note

Closest Bullish Value can never be > current price

Closest Bearish Value can never be < current price











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Project information

Budget
45 - 75 USD
VAT (23%): 10.35 - 17.25 USD
Total: 55.35 - 92.25 USD
For the developer
40.5 - 67.5 USD
Deadline
to 3 day(s)