PIPPRO strength momentum indicator
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Indicator logic
Anyone want to code this?
time frames:M1/M5/M15/M30/H1/H4/D1
PERIOD 1 : 30 //LAST 30 CANDLES average percentage value 30 candles // show percentage strength on history
PERIOD 2 :15 //LAST 15 CANDLES average percentage value of 15 candles // show percentage strength on history
PERIOD 3 10 //LAST 10 CANDLES average percentage value of last 10 candles // show percentage strength on history
When period 3 crosses period 2 and period 1 and 2 cross period 3 = result from -120 to 120 // if falling market results will be below -0 , if rising market result will be above 0 to 120.
calculation of each bar
1) close in candle price / open to close candle price
example low to high 20 pips //rising
low to close 17 pips //rising
candle value 85% //17/20
if falling , candle value -85%
Indicator values :
If period 3 % > than period 2 = +20
if period 3 % > than period 1 = +20
if period 3&2 % > than period 1 = +20
// show percentage strength on history
If time frame 1 :m30 signal == +10 // // show percentage strength on history
If time frame 1 :m15 signal == +10 // // show percentage strength on history
If time frame 1 :m1 signal == +10 // // show percentage strength on history
If time frame 1 :m60 signal == +10 // // show percentage strength on history
If time frame 1 :H1 signal == +10 // // show percentage strength on history
If time frame 1 :H4 signal == +10 // // show percentage strength on history
Average value of all candles > 50 % show +10
average value of all candles <50 show -10
Above is an indicator code
below is the parameters for an EA
iNDICATOR SIGNAL + 80 FOR BUY ..-80 FOR SELL
input bool UseHedge=false;
input int TakeProfitForHedge=500;
input int DistanceBetweenInitialAndHedge=500;
input int StopLossForHedge=1000;
input int HedgeMagicNumber=4391;
input bool UseMartingale=true;
extern int TakeProfit=300;
input bool UseNormalSL=false;
extern int StopLoss=300;
input int SignalPer24=1;
input int MaxDev=3;
input bool DoScreenShots=false; // Makes screen shots when a trade is open
extern bool Disable_Comments=false; // EA will not display comments on screen
input string CloseOnTimeEveryDay="00:00";
input bool UseCloseFriday=true;
input string FridayCloseTime="19:00";
input bool UseTrailingStandat=true;
extern int TrailingStart=100;
extern int TrailingStop=100;
extern int TrailingStep=5;
input string StartOnMonday="10:00";
input string StartTime1="07:01";
input string CloseTime="23:45";