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Rules
Specification
I need an indicator which will work on divergence strategy based on RSI Divergence.
There are some rules and specification which I need in my indicator.
1. First of all Indicator must be software based. Just like I should install on MT4 on a specific IP just like you can see in the link below. Its mean only specified IP can get access to the Indicator. https://mega.nz/folder/Ty4AQaDK#Wlp9KUNfJCpZxa55p1JkCw
2. Indicator must not apply on a specific chart it should get data from the market. Just like I am showing in below picture. (Indicator must scan 32 pairs at a time)
In the given pictures you can see that how a chart showing all the data of selected time frames. And in the second screenshot you can see I haven’t registered with this software so that’s why I am unable to access this tool.
Basically this is the EA I am showing you. If all of these functions could be find in indicator so I will prefer an indicator otherwise I will go to the EA side. But we will enter manually in the market, Indicator or robot will just show us the signals.
3. Every specific IP should attach his email with the indicator which couldn’t be change after .
4. The email we will attach to receive signals which will be gotten through indicator.
Strategy
1. The Difference between price and oscillator is called divergence. All should happen in Over Bought (OB) and over sold (OS) levels.
2. We don’t need any notification when the market reaches OB/OS level. Assuming the market shifts to the OS area. We should not receive any first point notification as long as market is making regular trending candles. (If we talk about bullish divergence formation here, then trending candles mean bearish candles). As soon as bearish candles are made in the market but that bullish candled should be the high and must close previous candle high.
On the 1 stpoint we will get simple notification when market will close above and against the trending candles.
3. After that if it shows 1 stpoint of divergence now we will wait for the 2 ndpoint to compare with price and oscillator difference to create divergence.
Example: It will be best if Divergence take screenshot and send us on email with details if not no problem.
4. On the 2 ndpoint where we are comparing RSI and price these both must be on the strict rules.
5. We will accept 2 ndpoint when market cross previous high/low with regularly trending candles. Just like you can see in a picture below.
a. Price should have broken first point and gone below it
b. At 2nd point the high/low breakage must have taken place at the opposite candle close. There are no criteria for bullish candle.
c. Both price and RSI should show divergence.
In the screen shot you can see price cross its previous low support and regular candles are trending candles.
6. After that we will confirm divergence after the closing of opposite candle. Here we must get 3 emails on email it will be better if we can receive message on mobile number also but no problem if it is not possible. This information should be email (Pair name. Time frame and the screenshot of that formation if possible).
7. These setups must show us on mt4 screen also. Just like 1st screenshot I gave you above in 1st example. Let me know if you need any further details. (it should be shown on current chart).
Terms.
1. The term trending means (For bullish trending candles closing should be high then previous candle close.
2. Consecutive candle should be minimum 1 to 15.
In this picture you see all the rules.