MACD MODIFICATION AND DASHBOARD.

Техническое задание

I need to make some modifications in MACD indicator to determine momentum and trend, below are the details:

1.       Every time the MACD graph goes above or below the zero level with at least three bar it should be considered as one momentum segment.

2.       The highest and lowest point of each momentum segment should be known as the HIGH and LOW and should be marked out in the chart windows with visible sign.

3.       The most recent new HIGH and LOW as determined by condition 2 should be marked with the addition of NL for new LOW and NH for new HIGH.

4.       Any time a candle closes above but still make contact with a new high or below the new low with contact still let that candle be marked as BO (break-out).

5.       If a candle stands above or below i.e starts and finishes without touching the most resent HIGH and LOW then the trend is determined. If the candle stands above NH without a contact, it’s a UPTREND and if the candle stands below NL without a contact, it’s a DOWNTREND. 

6.       Putting all conditions above into consideration I want a dash board on the screen showing three different time frame that is editable and should be displaying either of the three options below with each having a separate colour;

DOWNTREND   -    SELL

BREAKOUT         -    BO

UPTREND           -    BUY

7.       Let there be a pop up and sound alarm any time there is a new update in the dashboard.  


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