MT4 Alert needed ... based on MAs, stochastics, mtf stochastics and price action

MQL5 Experts

Specification

Spec for an alert

Indicators to be used:

20 simple moving average
200 simple moving average
stochastic oscillator
multi-timeframe stochastic oscillator (2 of them)


Parameters for alert:


First determine trend:


If 20 sma (adjustable) is crossed above the 200 sma (adjustable) (on candle close) then trend is up 

If 20 sma (adjustable) is crossed below the 200 sma (adjustable) (on candle close) then trend is down 




If trend is up then only alert for buy set ups.

Buy set up Criteria:


Criterion #1:

If a down candle closes then alert will read the high of that candle and add 1 pip (adjustable and allow zero and negtive numbers) to price (henceforth known as “the value”).  


If price of either of the next 2 (adjustable) candles goes to “the value” then criterion #1 has been met. 


If neither of the next 2 (adjustable) candles' prices reach “the value,” then it should reset and begin to look for the next down candle to recalculate “the value.”



Criterion #2:

If stochastic oscillator (7, 2, 2 exponential, closed/closed) (adjustable) has crossed up then the criterion has been met.  The criteria is not met and no alert should be generated if both lines of the stochastics are above the 80 line.


Criterion #3:

If the multi-timeframe stochastic oscillator (7, 2, 2 exponential, closed/closed) (adjustable) (default to 5M – adjustable) is also crossed up then criterion #3 has been met.  The criteria is met if both lines of the stochastics are above the 80 line and they are still crossed up.  I would like to have an on/off switch on the use of this indicator.



Criterion #4:

If the multi-timeframe stochastic oscillator (5, 3, 3 exponential, closed/closed) (adjustable) (default to 15M – adjustable) is also crossed up then criterion #4 has been met.  The criteria is met if both lines of the stochastics are above the 80 line and they are still crossed up.  I would like to have an on/off switch on the use of this indicator.


Signal is to be generated


When all 4 (or 3 if #4 is turned off, or 2 if #3 and #4 are turned off) criteria have been met then a pop up alert (on/off switch) and an on screen arrow (Aqua) to buy should be generated.  Only 1 alert should be generated per down candle in case price reaches “the value” and goes below “the value” and hits it again and again.



If trend is down then only alert for sell set ups.

Criteria are the same but opposite of the buy criteria.

On screen arrow should be Megenta

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