Job finished
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Specification
I would like to build an indicator for MT4 for 5 digits’ platform only.
This Indicator will use only Bollinger Bands and price action.
1. Bollinger Bands - Period 20 Deviation 2
2. The signal candle should have in the menu option to choose the minimum size of the candle to look for. Minimum candle size Highest High to Lowest Low default 50 points. It is the first qualification for the signal candle. Option in the menu to change the value in points.
3. It should work on all time frames
4. Default set up 5 Min Time Frame
5. The indicator should measure the whole candle and if the candle pierced by 5 points the Outside Bollinger Bands it is the second positive qualification for signal candle. Option in the menu to change the points value.
6. The Wick MUST be bigger by 1,5 times than the Tail of the piercing BB candle (Option in the menu to change the ratio between the wick and tail.
7. The open and the closed price must be between 30% and 75% of the whole candle. (option in the menu to choose the minimum % of the body and maximum % of the body) Default set up 30% min and 75% max.
8. When the candle pierced the Upper Bollinger Band, the candle must close as bullish candle.
9. When the candle pierced the Lower Bollinger Band, the candle must close as bearish candle.
10. When the candle has all requirements, the indicator should change the color of this candle to Yellow. (option to choose the color in the menu)
11. When the candle is already changed (color) there should be drawn in a short vertical line exactly at the 50% of the WICK. The line should go to the right side and should only be 1 candle long.
12. The changed color and the vertical short line, should stay on the chart all the time.
13. Regular alerts to choose from (with push notification included)
14. Indicator should have the time expiration and name of the person on the mt4 platform.
15. Copy rights to .... www...
Source code in English language only.