Hi developers,
i need a mql4 indicator drawing 4 lines by analyzing other indicators and timeframes.
I have already the coding inside my EA, but i need a visualization to check results faster.
For each line which has to be drawn I have specified bool conditions depending on usual indicators and for each true condition, the value of the line increases by +1.
Example line1="cheap-line":
if(rsiv1<35) cheap_line++;
if(macdv1<-3)cheap_line++;
In the end the value for the "cheap_line" is something between 0 and 9 and has to be drawn. That's it. There are 4 such lines to be calculated and drawn.
The used common indicators for calculation of the "4 lines for this indicator" are indicators like
iStochastic
iRSI
iMACD
iADX
price-indicator
Attention: the indicator is done for timeframe=M1. But to calculate the values for a line-value you will have to check also higher timeframes. Example with the "expensive_line":
if(M5rsiv1>65)expensive_line++;
if(M15rsiv1>65)expensive_line++;
All conditions are 100% specified and already coded. You can get the coding and how indicators are used. You have just to copy and adapt it to indicator coding. For each of the 4 lines there are about 5 up to 10 conditions. I will post it to you as soon you agree with the job.
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