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I need help to combine three MT4 indicators into one MT4 indicator to form a better confluence, eliminate false signals and give accurate signals.
Indicators to use:
1. Magic Buy-Sell indicator (I will provide the source-code)
2. Dynamic Breakout Box indicator (I will provide the source-code)
3. 200 Moving Average (I think you can access the code from any MT4 Metacodes Editor)
I normally use the Magic Buy-Sell indicator (with 2 other indicators) for my sharp entries. Then I use the Dynamic Breakout Box to detect Consolidation Zones, this indicator draws a rectangle when the markets starts to range sideways - till the price breaks out to form a trend. It's a useful tool to stay away from consolidation zones. I then use a 200 Moving Average to check the overall direction of the trend.
Sitting in front of a computer waiting for the above indicators to be in confluence is often not easy. Hence I want to combine them into 1 indicator that can provide buy or sell signals. This indicator SHOULD be named "SMART BUY-SELL INDICATOR". I need this indicator to print alerts on my charts, send them to my email, and more importantly – send the alerts to my mobile MT4 as I’m often not in front of my computer.
The Smart Buy-Sell indicators should have the 3 main functions: Smart Buy, Smart Sell and No Trade.
SMART BUY is made up of the 3 conditions:
1) Magic Buy-Sell signaling a Buy2) 2 Candles closing out of a consolidation box in a buy direction.
3) 200 Moving Average completely below the price.
While in the buy trend (After a first SMART BUY was detected), the price draws back to consolidation in such a way that the Dynamic Breakout indicator sees that as a Consolidation zone, but eventually breaks out in a buy direction while conditions 1 and 3 are still holding – then our new indicator should print “ADD BUY TRADES” alert on the charts. Then send the alerts to my mobile MT4.
SMART SELL is made up of the 3 conditions:
1) Magic Buy-Sell signaling a Sell
2) 2 Candles closing out of a consolidation box in a sell direction.
3) 200 Moving Average completely above the price.
Similarly, while in the sell trend (After a first SMART SELL was detected), the price draws back up to consolidation in such a way that the Dynamic Breakout indicator sees that as a Consolidation zone, but eventually breaks out in a sell direction while conditions 1 and 3 are still holding – then our new indicator should print “ADD SELL TRADES” alert. Then send that alerts to my mobile MT4.
This indicator should print a SMART BUY signal arrow when the three conditions for SMART BUY are met, and print a SMART SELL signal arrow when the three conditions are for a SMART SELL are met. Otherwise, If the 3 conditions for SMART BUY or SMART SELL are not met, the new indicator should print “NO TRADE” at the top of the screen.
What the SMART BUY-SELL Indicator should print on the charts:
1) PSAR-like dots from the Magic Buy-Sell indicator.
2) Consolidation Box from the Dynamic Breakout Box.
3) "ADD BUY TRADES" or "ADD SELL TRADE" when conditions are met.
3) Arrows for SMART BUY and SMART SELL signals.
4) “NO TRADE” at the top of screen of the screen.
Again, the indicator should send the alerts to my emails (I’ll setup the email), and more importantly, send alerts to my mobile MT4 as I’m often not in front of my computer.
I will share the necessary source-codes as soon as I have selected the developer to work with.