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I
would like a professional developer to create for me an indicator that can monitor the movement of price over a period of time (across
multiple TFs) and generate an alert when a candle* is reaching a wider price spread** in relation to the average price spread of the preceding
candles.
Trade
signal criteria:
1.
1. Minimum of 3 narrow price spread
candles(small candles that occur during consolidation)to begin monitoring. Maximum none.
2.
2. A Narrow price spread is
defined as:
a.
Price spread that is less than a certain % (eg. 50%)
of the range*** of a candle ( I will provide the % values)
b.
Price spread that is less than a certain % (eg. 0.05%)
(ie.
the % change between the open and close of the candle) ( I will provide the % Values)
1.
3. Generate an alert when the
following occurs
a. The signal candle's price spread is at minimum "X"
times(eg.1.5;2) the average price spread of the
preceding narrow candles and/or ( I will provide the value)
Pr
b. The signal candle's price spread is less than a certain % (eg. .10%) (%
change between the open and close of the candle)(I will provie the % values)
.
The percentage values will have to
specific to each TF and each currency/asset type (there may be some overlap). The indicator should be able to produce an alert and a simple
arrow on the chart(going in the opposite direction of the signal candle) with the following information(timeframe, the number of small
candles identified, date and time, type of signal candle(ie, bullish or bearish) and the currency pair/asset.
I believe this a
very simple project since it is simple math to produce the alert. Additionally this is phaseone of bigger project. Only serious inquries.
Thank you
*This
candle would serve as the “Signal Candle”
**Price
spread is difference between the open and the close of an individual candle.
***The
range is the distance between the high and the low of each individual candle
Con risposta
Arbitraggio
113
28%
/
48%
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