Volume-Based Buy and Sell Signal Indicator Development

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I am looking for an experienced developer to design an algorithm that provides buy and sell signals based on a volume-based strategy. The strategy involves identifying high-volume candles and using subsequent price action to determine buy and sell opportunities. Here are the specific requirements:

Strategy Details:

  1. High-Volume Candle Identification:

    • Identify a high-volume red candle.
    • Look for a green candle with low volume that breaks the high of the red candle.
  2. Buy Signal:

    • When the green candle with low volume breaks above the high-volume red candle, the direction is clear for a buy.
    • The buy signal should be generated when the price retests the breakout level (the high of the red candle).
    • The buy signal should remain valid until a new ultra-high-volume candle appears.
  3. Sell Signal:

    • The same logic should apply to the sell side.
    • Identify a high-volume green candle.
    • Look for a red candle with low volume that breaks below the low of the green candle.
    • The sell signal should be generated when the price retests the breakout level (the low of the green candle).
    • The sell signal should remain valid until a new ultra-high-volume candle appears.

Additional Requirements:

  • The indicator should plot buy and sell signals on the chart.
  • The signals should be visually clear and easy to understand.
  • The indicator should work on multiple timeframes.
  • The code should be optimized for performance.

Questions for Developers:

  • Can you create this indicator with the described volume-based strategy?
  • Do you have experience with similar volume-based strategies?
  • What is your estimated timeframe for completing this project?

Please apply with your relevant experience and examples of similar projects you have completed.

I look forward to working with a skilled developer to bring this strategy to life.


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