Indicator coding required

 

Hi all

I have good strategy and I would like to explain it on this forum, but it needs an indicator to simplify things.

Without that indicator it will require very fast calculations, I will explain what kind of indicator we need , I belive it's easy to reprogram it on MT4, I will be greatful if someone can help.

I promise to explain the strategy in a simple way as it needs discipline and applying every word without involving any feelings.

Indicator requirments:

Frame of 1H, Candlestick type

The indicator has to show two things ?!

use the following two equasion

the magic number = the difference between the high and the low and it should be shown below each candle

the second one is

the power = ( ( | open - close | ) - ( | high - low | ) ) * 100 in terms of percentage like 60%, 70% 86% etc. and it should be shown below the magic number

so we can see two numbers and it's preferable if magic number has different color than the power

I am looking after your reply specialist. I hope it's easy to reprogram this indicator

the strategy would be explained in a divided levels and all levels are very important

MD

thanks

 

Hi are you talk about new indicator or you had one and you need changes?

Reason: