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I've coded an indicator which some of you might find useful when trading with Stochs
The 4H, 30M & 5M are all above the 50 level & when the 1M time frame is below the 20 level for a long trade.
Or
The 4H, 30M & 5M are all below the 50 level & when the 1M time frame is above the 80 level for a long trade.
The indicator works perfectly, However I am looking for someone you could possibly insert a few more lines of code so when the long parameters are met an upwards arrow is shown on the chat and when the short parameters are met a downwards arrow is shown on the chart. I would be extremely grateful if someone could help me with this. I've spent hours trying but do not know enough about programming to be able to achieve this! I know there's some great programmers on his forum!
//+------------------------------------------------------------------+
//| Stochs_4H_30M_5M_1M.mq4
//+------------------------------------------------------------------+
#property copyright ""
#property indicator_chart_window
datetime lastbar;
bool EmailSent;
extern bool EmailAlert;
extern bool SoundON;
extern double highlimit = 80;
extern double midlimit = 50;
extern double lowlimit = 20;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
Comment ("Stochastic +/- 80/20 Signal Indicator ON");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
Comment ("");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
//----
double main_M1 = iStochastic(NULL,PERIOD_M1,5,1,3,MO DE_SMA,0,MODE_MAIN,0);
double signal_M1 = iStochastic(NULL,PERIOD_M1,5,1,3,MO DE_SMA,0,MODE_SIGNAL,0);
double main_M5 = iStochastic(NULL,PERIOD_M5,5,1,3,MO DE_SMA,0,MODE_MAIN,0);
double signal_M5 = iStochastic(NULL,PERIOD_M5,5,1,3,MO DE_SMA,0,MODE_SIGNAL,0);
double main_M30 = iStochastic(NULL,PERIOD_M30,5,1,3,M ODE_SMA,0,MODE_MAIN,0);
double signal_M30 = iStochastic(NULL,PERIOD_M30,5,1,3,M ODE_SMA,0,MODE_SIGNAL,0);
double main_H4 = iStochastic(NULL,PERIOD_H4,5,1,3,MO DE_SMA,0,MODE_MAIN,0);
double signal_H4 = iStochastic(NULL,PERIOD_H4,5,1,3,MO DE_SMA,0,MODE_SIGNAL,0);
datetime curbar = Time[0];
if (lastbar != curbar)
{
lastbar = curbar;
if ((main_H4 < midlimit) && (main_M30 < midlimit) && (main_M5 highlimit))
if ((signal_H4 < midlimit) && (signal_M30 < midlimit) && (signal_M5 highlimit))
{
Alert ("Short Entry Warning On ",Symbol()," ",Period()," min");
if (EmailAlert && !EmailSent)
{
SendMail("Short","Short Entry Warning On " + (StringConcatenate(Symbol()," ",Period())));
EmailSent = true;
}
if (SoundON == true) PlaySound ("alert2.wav");
}
if ((main_H4 > midlimit) && (main_M30 > midlimit) && (main_M5 > midlimit) && (main_M1 < lowlimit))
if ((signal_H4 > midlimit) && (signal_M30 > midlimit) && (signal_M5 > midlimit) && (signal_M1 < lowlimit))
{
Alert ("Long Entry Warning On ",Symbol()," ",Period()," min");
if (EmailAlert && !EmailSent)
{
SendMail("Long","Long Entry Warning On " + (StringConcatenate(Symbol()," ",Period())));
EmailSent = true;
}
if (SoundON == true) PlaySound ("alert2.wav");
}
}
//----
return(0);
}
//+------------------------------------------------------------------+