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Hi
I am new to this process so please bear with me!
I would like an indicator coded that colours each bar red or green dependent on whether entering on that bar would have resulted in a profitable trade - using a take profit of 5 pips and a stop loss of 10 pips. So if I enter on a bar with those settings the indicator needs to look into the future bars it has from history and decide if that bar entry would have hit stop loss or take profit. Ideally some bars would have the bottom half a different colour to the top half if the bottom half of the bar as an entry would have resulted in a loss and the top half as an entry would have resulted in a win.
Obviously the most recent bars may not be coloured as they have yet to hit either.
Please quote and let me know what I need to do next
Many thanks
**** Here are some further notes - hopefully to clarify things - please read and quote accordingly - I cannot accept without a quote ****
I would like option to choose my own SL or TP values
I would like option to show Sell or Buy results (not on same chart - one chart for buy and another for sell)
All bars or part bars that hit TP are coloured one colour and all bars or part bars that hit SL are coloured another colour. All bars or part bars that have yet to hit either are not coloured at all.
The colour of the place on the candle is dependent on whether entering at that point on the candle results in TP or SL. Some candles will all be one colour as it wouldn't matter at which point you entered on the candle (Open, High, Low, Close or anywhere in-between) it still would result in the same outcome. If however entering near the top half of the candle would result in TP and the bottom half would result in SL then the candle needs to be coloured accordingly.
I generally work off 1 minute charts
#### Addition to the original spec - please add into quote ####
I would like a count of all coloured candles TP and SL in pips or each colour drawn with %
I would like option to be able to completely remove bars from being coloured completely - for example if a stochastic(13,3)>20 then stop taking buy orders
Is 1 credit = $1? This site is terrible for explaining. I'm looking for completion as quickly as possible - less than 3 days.
Many thanks
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