Russian dolls - creation of a new indicator

MQL5 Indikatoren

Auftrag beendet

Ausführungszeit 3 Tage
Bewertung des Kunden
Very positive experience with the developer, he understood the exact idea of the indicator and did a brilliant work. I'm very happy with this cooperation.
Bewertung des Entwicklers
Good cooperation! The customer knows what he needs and knows how to explain it

Spezifikation

First I would like to know if this idea is feasible as follow, if any condition is not feasible please let me know in advance because all conditions are necessary. This is an experiment and I lack knowledge about the coding part so the best is to try to understand the main point about this experiment.

1. The indicator goal is a multitimeframe analysis signal on a designated currency pair.

2. The timeframes are all the trending timeframes : Month, Week, Day, 4H, 1H, 30Mn, 15Mn, M5.

3. The indicator is based on a simple candlestick chart, color green and red for up and down price trend.

4. If ALL the timeframes CURRENT Candles are green, the indicator show a Buy Signal, if ALL the timeframes CURRENT candles are red, the indicator show a Sell signal. For example, month, week, day, 4h, 1h,30Mn, 15Mn and 5mn candles are green > Signal is BUY.

5. Thus, the indicator doesn't emit any signal if not ALL the CURRENT timeframes candles are the same color.

6. The current candle means the price trend after the last candle closed price and before the next candle open price. 

7. It should be possible to disable a timeframe in the analysis, for example, shut down the Month timeframe and work only with the week, day, 4h...etc. In order to avoid multitimeframe analysis paralysis.

The collaboration is completed once the indicator works close to expected behavior and the code is delivered.

I hope you're interested in this indicator, I couldn't find it anywhere else.

          


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