Building new indicator_2006050223

MQL4 Indicators

Job finished

Execution time 6 days
Feedback from employee
Thanks David for you very clear description and requirements.
Feedback from customer
Great thanks for fast and perfect work! David

Specification

I have a request of building new indicator as followings below.
This work is to build new indicator.
Firstly, take a look at below images, please.
We have to use values of Fibonacci 100.0, 161.8 and 38.2
100.0 is for Buy / Sell Entry
161.8 is for Buy / Sell TakeProfit
38.2 is for Buy / Sell StopLoss
Now, we already have Fibonacci values by H1 time frame.
Like “Trend Up” and “Buy Trigger Line” of “OIH_HARS_v1.3”,
Here, new indicator will use “Price_Close[M5]”, not “Price_High[M5]” for “Trend Up”.
Trend Up == 2.00000 before Price_Close[M5] touched Fibonacci 100.0 on current candle
Trend Up == 0.00000 when Price_Close[M5] touched Fibonacci 100.0 on current candle
Buy Trigger Line == Fibonacci 100.0
As you can see, Price_Close[M5] touched Fibonacci 100.0 at 2006010310.

Finally, it will show buffers as followings below.
2006010310 – Price_Close[M5] did not touch Fibonacci 100.0 yet on current candle in M5 time frame
v1 Trend Up        2.00000
v2 Buy Trigger Line  1.11187    ** Fibonacci 100.0
v3 Buy StopLoss    1.11955     ** Fibonacci 38.2
v4 Buy TakeProfit   1.11425     ** Fibonacci 161.8
v5 Trend Down     0.00000
v6 Sell Trigger Line  0.00000
v7 Sell StopLoss    0.00000
v8 Sell TakeProfit   0.00000

Here, we have to check Fibonacci values for Trend Up and Buy Entry.
Take a look at below image of M5 chart, please.


For more details, take a look at my document attached, please.
Thanks,
David

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Project information

Budget
120+ USD
Deadline
from 4 to 5 day(s)