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Job finished
Execution time 6 days
Feedback from customer
Very good at taking existing code, understanding it and modifying it for new purposes.
Feedback from employee
Good customer, thanks for the job!
Specification
I want to add an additional indicator to a robot. I run a robot on one indicator which looks for oversold and overbought conditions. It then generates buy and sell signals based on a divergence in price with the indicator. I have attached a screenshot of the divergence indicator (Screenshot 1). When the indicator detects a positive divergence with price, it draws a green line and issues a buy signal. When the indicator detects a negative divergence with a price, it draws a red line and issues a sell signal. The arrows do not generate a signal but just highlight oversold and overbought conditions.
The robot takes a position on the divergence buy and sell signals. It takes an initial position and adds a second position if a second divergence signal is issued. It then takes profits at a set dollar amount for each position. The stop loss is added via inputs. This is basically a scalping strategy that takes lots of positions for small profits.
However, the divergence indicator has a problem. It sometimes issues buy and sell signals when there is just a small divergence and price is not really stretched. See the attached screenshot (2). I am trying to avoid taking a position on these small divergences.
To do this, I would like to add a second indicator called TD Sequential. This indicator registers a setup signal and then a Countdown buy or sell signal. The Setup portion counts from 1 to 9. After the Setup counts to 9, the Countdown starts counting from 1 to 13. The indicator plots a yellow arrow when the Countdown reached 13.
I would like to add a buy or sell when the TD Sequential indicator reaches a 13.
I want the robot to only take a long position when both of the indicators register a buy within 10 bars (or x number of bars).
I also want the robot to only take a short position when both of the indicators register a sell (or x number of bars).
I have attached 2 more screenshots to show what I want to accomplish. On the third picture (screenshot3), the robot would issue a buy signal because of the Divergence Indicator and the TD Sequential indicator and issue Buy signals within 10 bars of each other.
On the final picture (screenshot4), the robot would not issue a sell signal on the divergence indicator, because there is no additional TD Sequential sell signal within 10 bars.
I have the code for the divergence indicator, the TD Sequential indicator and the robot.
For the job at hand, I need the TD Sequential indicator to issue actual buy and sell signals and I need the robot to include that indicator.
Thanks
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Project information
Budget
30 - 200 USD
For the developer
27
- 180
USD
Deadline
from 2 to 10 day(s)