New Arrow Indicator to use in MT2 Trading Bridge based on Small Trends and Support/Resistance

2019.08.07 Indicators

Specification

Hi

I would like to let code an arrow indi based on a very good manual strategy, i put pictures and explanations into the attached word. i cannot upload it here grrr so i load all into pics. its needed to find small trend formations, support and resistance and the reverse candle. if codable and succesful i would like to have a ea based on it with small modifications. let me give the original defintion of the founder of it here - he is informad about my inquiry.


Look Below two images carefully one is for support Level and another one is for resistance Level.

💥For Strong Buyers Possibility

(1) First Confirm Up trend

(2) In Up trend Higher Low (HL) Is Support Level of

(3) Choose lowest wick for support Level.

(4) Wait for Market retracement on support for call trade

(5) But if you have Downtrend Confirmation in retracement then support level will become invalid.

(6) Use one support level for one time

(7) don't use that supports level as resistance level after breakout.

💥For Strong Sellers Possibility

(1)First Confirm Downtrend

(2)In Downtrend Lower High (LH) is a resistance level.

(3) choose highest wick as resistance Level

(4)Wait for market retracement on resistance for put trade.

(5) But if you have uptrend Confirmation in retracement then resistance level will become invalid

(6)Use one resistance level for only one time.

(7) Don't use that resistance level as support level after breakout.


Pics and my explanations are attached, looking forward to this. for questions please come back to me. there are two indis i attach maybe they help for ideas how to code.



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