Lavoro terminato
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Specifiche
Hello
i am looking to create an indicator-signal based around current and exisiting fibonnaci retracements and expansion, price pattern conformation, momentum and stochastics tools.
The indicator will be manual and automate signals for entry and exit points based on conditions set out below :
Name of system: JediFx Trader Retracement System
Time frame :ALL TIMEFRAMES
1. Manually define low (Price low) and high (Price High) using fibonnacci retracement indicator (configurable retracement levels) (basically what is there now)
2. Stochastic indicator (as is configurable now)
3. Momentum indicator
Long Entry
4. Stochastic indicator must be below 20 (oversold) and crossing up (and/or)
5. Stochastic indicator => stochastic level of Price low assigned and crossing up (and/or)
6. Stochastic indicator showing bullish divergence while below or slightly above 20 level (oversold level) and closing up (and)
7. Momentum =< 0 and turning up (and/or)
8. Momentum =< 0 and bullish divergence
9. Price action >=< 5 pips of configured retracement level and closes above retracement level (and)
10. Price action bar is key reversal price pattern bar (and /or)
11. Price action is inside bar on or at retracement level
If conditions above are met then buy entry = entry order one pip higher than high of current bar with signal arrow up to show entry point.
STOP LOSS = 5 pips below closest retracement level of price action entry point
If Stop loss is hit then re-establish Long entry conditions at next retracement level
TAKE PROFIT= Configurable
Short Entry
1. Stochastic indicator must be above 80 (overbought) and crossing down (and/or)
2. Stochastic indicator => stochastic level of Price High assigned and crossing down (and/or)
3. Stochastic indicator showing bearish divergence while below or slightly above 80 level (overbought level) and crossing down (and)
4. Momentum => 0 and turning down (and/or)
5. Momentum > 0 and bearishdivergence
6. Price action >=< 5 pips of configured retracement level and closes above retracement level (and)
7. Price action bar is key reversal price pattern bar (and /or)
8. Price action is inside bar on or at retracement level
If conditions above are met then sell entry= entry order one pip lower than low of current bar with signal arrow down to show entry point.
STOP LOSS = 5 pips above closest retracement level of price action entry point
If Stop loss is hit then re-establish short entry conditions at next retracement level
TAKE PROFIT= Configurable