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Indicator that follows 2 simple strategies.

MQL4 Indicators

Job finished

Execution time 3 days
Feedback from customer
If you are looking for professionalism, this is the right place, got the job done exactly as I described it, could not be better, this was done perfect and on a timely manner

Specification

1.Display current trend, when the 1h candle closes below a previous day low then trend is down until a 1h candle closes above a previous day high, then trend is up until a 1h candle closes below a previous day low and so on. 

Trend is established using 1h only and when candle closes only, Display current trend for visual help on the top right corner of chart, show Down Trend in red color, Uptrend in green color

Example 1


Example 2, vertical lines showing when candle closed above/below previous day high/low signifying trend change.



Strategy 1. Once trend has been established using rule above, search for trend entries on lower timeframes (from 5 minutes to 30minute chart) if uptrend, wait for a semafor 3 to appear below a candle and then alert when fractal is being created. if dowtrend wait for a semafor 3 to appear above a candle and alert when fractal is starts to appear. to put it in other words, filter fractal using level 3 of the semafor inicator, only notify when fractal is being created after a level 3 has appear following the trend. 


Using the chart above for USDCAD we can see the trend is up as a candle has closed above a previous day high,so then we only look for buys. 


on the 15 minute chart a semafor 3 and fractal appeared, that would be a signal/alert and ask if I want to place trade. 

on the same USDCAD pair but on 5minute chart you can see more opportunities: only look for buys as trend is up



I know the semafor indicator "repaints" or moves, but that is ok, just filer the fractals that appear when a level 3 is displaying and following the trend. and alert/notify if I want a trade to be placed. 

The opposite for sells, If downtrend is detected, only look to sell when a semafor is 3 is on top and the fractal appears 

Strategy 2. Make the EA add the previous month, week and daily highs and low to the chart, for lows make line red for highs make line green, when a candle closes below a previous month/week/day low notify/alert if I want to open a SELL trade, when a candle closes above a previous month/week/day high then notify/alert if I want to open a BUY trade. 



in this example you can see the arrows where the candle closed below/above previous month/week or daily high or low values. 


I am requesting for arrow to appear whenever a condition is completed with pop up alert and push notification

Regards 

Files:

EX4
3_level_zz_semafor_2.ex4
21.1 Kb
MQ4
3_level_zz_semafor_2.mq4
8.0 Kb

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Project information

Budget
50 - 102 USD
For the developer
45 - 91.8 USD
Deadline
from 1 to 5 day(s)