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Specifiche
Amendment of PSAR Indicator.
I have an indicator called PSAR indicator, that needs amendment. The Amendment is only on display no amendment on the functionality of the EA:
Correction 1
Include two more chart displays on the top left corner of my PSAR indicator
1. Trade condition = XXXXX
2. Trade Decision = xxxx
A. Change green horizontal and vertical line to blue if there is a buy condition/alert, then Trade condition = Strong buy trend && Trade Decision = Open Buy Order
B. Change green horizontal and vertical line to red if there is a sell condition/alert, then Trade condition = Strong Sell trend && Trade Decision = Open Sell Order
Correction 2
BUY CONDITIONS
Scenario 1
If the current pair with the PSAR indicator is an active or running trade &&The running pair is a buy trade && The current price is above the buy entry point && The PSAR calculated value is >=1
Then, the displays will be:
1. Trade condition = Strong Buy Trend
2. Trade Decision = Hold buy trade (Let this be color blue).
Scenario 2
If the current pair with the PSAR indicator is an active or running trade && The running pair is a buy trade && The current price is above the buy entry point && The PSAR calculated value is < 1
Then, the displays will be:
1. Trade condition = Weak Buy Trend
2. Trade Decision = Exit trade (Let this be color blue).
Scenario 3
If the current pair with the PSAR indicator is an active or running trade && The running pair is a buy trade && The current price is below the buy entry point && The PSAR calculated value is >= 1
Then, the displays will be:
1. Trade condition = Recovery Buy Trend
2. Trade Decision = Hold buy trade (Let this be color blue).
Scenario 4
If the current pair with the PSAR indicator is an active or running trade && The running pair is a buy trade && The current price is below the buy entry point && The PSAR calculated value is < 1
Then, the displays will be:
1. Trade condition = Loss Trade
2. Trade Decision = Exit Buy trade (Let this be color blue).
Correction 3
SELL CONDITIONS
Scenario 1
If the current pair with the PSAR indicator is an active or running trade &&The running pair is a sell trade && The current price is below the sell entry point && The PSAR calculated value is >=1
Then, the displays will be:
3. Trade condition = Strong sell Trend
4. Trade Decision = Hold sell trade (Let this be color red).
Scenario 2
If the current pair with the PSAR indicator is an active or running trade && The running pair is a sell trade && The current price is below the sell entry point && The PSAR calculated value is < 1
Then, the displays will be:
3. Trade condition = Weak sell Trend
4. Trade Decision = Exit trade (Let this be color red).
Scenario 3
If the current pair with the PSAR indicator is an active or running trade && The running pair is a sell trade && The current price is above the sell entry point && The PSAR calculated value is >= 1
Then, the displays will be:
3. Trade condition = Recovery Sell Trend
4. Trade Decision = Hold Sell trade (Let this be color red).
Scenario 4
If the current pair with the PSAR indicator is an active or running trade && The running pair is a sell trade && The current price is above the sell entry point && The PSAR calculated value is < 1
Then, the displays will be:
3. Trade condition = Loss Trade
4. Trade Decision = Exit Sell trade (Let this be color red).