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Spezifikation
Hi All, I will try to be as precise as possible. We can discuss if you have any questions.
I need an indicator to be developed for MT5 for detecting Engulfing Failed Zones.
Requirement (in H4/ H1/ M30 Time frames only):
- Identify Engulfing Buy/ Sell Candle.
- Identify when the Engulfing Buy is failed, or Engulfing sell is failed.
- Draw a zone for that area of Engulfing Buy/Sell Fail.
- Invalidate the zone or delete the zone drawing when The Engulfing Buy/ Sell Fail zone becomes invalid.
Please find the pictures with examples specific to each point.
Requirement specific Example pictures.
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bis 10 Tag(e)