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Specification
Seasonality Forex Indicator
I want you to design a MT4 forex indicator based on seasonality.
Conditions:
1. The indicator uses monthly candles only
2. The indicator identifies the current month, e.g June, and goes back in history 10 year for the same month:
a. Year 1 = June 2020
b. Year 2 = June 2019
c. Year 3 = June 2018
d. Year 4 = June 2017 … continue this to year 10.
3. e.g if the current month is July, the indicator will go back in history 10 year for the same month:
a. Year 1 = July 2020
b. Year 2 = July 2019
c. Year 3 = July 2018
d. Year 4 = July 2017 … continue this to year 10.
4. For each year, use the monthly candle.
5. If the month’s candle for any year is bullish show green.
6. If the month’s candle for any year is bearish show red.
7. Do the same for all the currency symbol listed above.
8. Bull % column = ((number of green in a row for a currency pair)/10) *100
9. Bear % column = ((number of red in a row for a currency pair)/10) *100
10. Entry column = If Bull % > Bear %, then use the formula (Month0 High > Month1 High, && Month2 High > Month1 High)
a. If this is true for any currency pair, then let the cell color be green.
b. Send a buy entry pop-up notification for the currency pair.
11. Entry column = If Bull % < Bear %, then use the formula (Month0 Low < Month1 Low, && Month2 Low > Month1 Low)
a. If this is true for any currency pair, then let the cell color be red.
b. Send a sell entry pop-up notification for the currency pair.