Fractal indicator - Early Breakout alarm

Job finished

Execution time 25 days

Specification


Indicator(s) used: Default Fractal found in MT4


Purpose: To provide an early notification of a potential break of a the two last created fractals on a specified timeframe. The notification will be triggered by a variable percentage setting of the fractal high/low. For example if the last fractal up was 1.000 and the setting was at 10%, if price rose to 0.9 then the alarm will be triggered.


Method: 

The alert is to be set for the last two created fractals only.

Fractal Up - Once a fractal has formed if market price moves to a defined percentage within the high of the recent fractal then an alert is sent via email & Telegram.

Fractal Down - Once the fractal has formed, if market price moves within a defined percentage of the low of the down fractal then an alert is sent via email and telegram

Please see diagram 1 for further detail


Dashboard parameters - please diagram 2 for further detail

Must be scalable so additional instruments can be added

Parameters that must be variable are:

  1. Price Percentage setting for the 1st Fractal to 2 decimal places
  2. Price Percentage setting for the 2nd Fractal to 2 decimal places
  3. Timeframe


Alarm Settings/Frequency:

The ability to disable alarms for fractal 1 and fractal 2 independently 

Able to send alarm via Telegram private channel and email

Alarm is only to be sent once and then reset for the next occurrence


Alarm Message:

Instrument

Timeframe

Fractal Price

Alert Market Price @ X%


N/B It is preferred to make adjustments to settings on the dashboard where possible.



Files:

PNG
Diagram1.png
13.5 Kb

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