Looking for some suggestions on problem
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I am looking for some suggestion with creating an indicator based on correlation of multiple symbols movement during different timeframes. For example if EURUSD and EURAUD moved up .2% and GBPUSD moved down .2% in the last 5 minutes indicator would be triggered
Also would like the option to add other conditions later on
And also the option later to make this an expert advisor
Let me know where I should look for help with this
Here are some notes I wrote on this, not sure if on the right track
Inputs: ( in brackets)
IF:
(on/off) This condition, (ticker) moves (+/-)(%) during (#) period
And (on/off) This condition, (ticker) moves (+/-)(%) during (#) period
And (on/off) This condition, (ticker) moves (+/-)(%) during (#) period
And (on/off) This condition, (ticker) moves (+/-)(%)during (#) period
And (on/off) This condition, (ticker) moves (+/-)(%) during (#) period
*In words, I can choose to turn this condition on or off which is a symbol that moves a certain % up or down during a specific time period such as 5 minutes
I would have these sets of conditions for multiple timeframes 2 minute, 5 minute, 10 minute, 15 minutes*
If these conditions are triggered then place small colored triangle on chart corresponding to timeframe
*like blue for 2 minute, green 5 minute, etc*