INDICATOR BASED ON LINES AND 2 INDICATORS (B- system)

Job finished

Execution time 60 days
Feedback from employee
Excellent customer! The customer is a pleasant person to communicate with. Interesting work. Clearly and distinctly set tasks. I will be glad to work with the customer again.
Feedback from customer
Evgeni is very responsible and a hard working coder. He did everything exactly as I asked. Communication is also at a very high level - very polite. I recommend him as I continue to work with him.

Specification

The applicant should be well versed in using lines, mathematical coding, different conditions, and multiple indicators. 


INDICATOR BASED ON LINES AND 2 INDICATORS (B- system)

 

This indicator (B-system) is one of the many ways of creating diagonal lines, and they are not classic trend lines. The lines help to confirm Entries or Exits of a trades.

 

The indicator uses two existing indicators: 

1st -  Fractals - adjustable period extended 2 .mq4 - 

2nd - the classic Average True Range (ATR) indicator (build in MT4)


 The 1st indicator creates ordinary trend lines, but these lines are not used in this job, only the fractals.

(The trend lines of the original indicator can be display.). The indicator is in the attachment.


         1. CREATION OF LINES


  1st POINT OF THE LINE

The so-called Fractals are the first points of the lines, where the indicator for finding fractals is used. The first line point is the price value, for example, the Low price of Low fractal and or High price of a High fractal.

  2nd POINT OF THE LINE


The 1st point - Fractal is "connected" by a line with each newly created High or Low " of the (last current) candle.

These prices are the second forming point of the lines.

High fractal connects to Low prices, and Low fractal connects to High prices.

CONDITIONS:

1.) The Low fractal connects with the following High prices higher than the Low price of this fractal.

2.) The High fractal connects with the following Low prices lower than the High price of this fractal.


However, only the line that creates one of the possible interactions (patterns) with the current price on the current

 forming candle - is "displayed" in real-time.


 THE NUMBER OF THE NEXT CANDLES FOR PATTERN SEARCH PER ONE FRACTAL

The number of candles that follow a Fractal for searching patterns is set to 17 (it will change according to the algorithm in one of the next jobs). Patterns are then formed "only on the ONE following candle," i.e., after the candle whose H, L was used to create a line. (The exception is the Extended line.)


THE LENGTH OF THE LINE TO DISPLAY THAT CREATED A PATTERN

If it is not a case of the Extended line, the line is displayed only 1 candle (to the future) after creating a pattern.


Picture 1 The place where a pattern can occur after the line is created.


  THE EXTENDED LINE

The extended - interactive line is a line that "after the formation of a pattern" continues to pass through the High - Low spread of the following candles. New patterns may still appear on it, and the line will end if it gets outside the H-L range of the next candle.


 ATR - Average True Range indicator is used as the second indicator to determine the distance from a line approximation,... The number of candles for counting is 5 "previous," so the current - just forming candle is not used for the calculation.


The following patterns can be used as a template, as they are part of other systems.


     2. PSEUDO ALGORITHM FOR THE CREATION OF PATTERNS


Explanation of terms used:

 ALINE - Ascendent line

 DLINE - Descendent line 

  “Close price” in the following pattern conditions does not mean ending Close price of a day in case we use daily chart. Close price is price for “Now” and it is the same as real time prices. So this Close price is continuous moving price through all day. (In case there will be used final Entry rules for trading patterns we must use realtime data (tick) for trading or let say 1 minute data for back test.)  There is were small chance that a pattern will form on N-candle same time when new Open of next candle will occur.

  “N-Candle” is meant for an actual candle that is now forming. It means that "patterns take place in the time between Open and Close of the candle" where a pattern is formed (or even more patterns and trades on one candle). The price  High, Low, and Close prices of the N-candle in the following section do not mean prices from daily historical data (but could be too). It means prices that naturally change from "the 1st minute of the trading day - where Open, High, Low and Close could be the same value". Therefore, the algorithm can find the same pattern many times per day from the 1st minute, as the prices on the daily chart will change (High can rise, Low can fall and Close change anywhere between them). 


 The system uses 2 types of patterns :

A) False break-out of line,

C) Bounce from the line + the Approach a line (price "gets close" to a line).


     3. PATTERNS FOR LOW FRACTAL AND ALINE (Ascending line)


 These conditions must be met before creating patterns:

 1. (the LOW price of Low Fractal < High N- candles) a

 2. (OPEN price N-Candle < ALINE)

 

  A - PATTERN, FALSE BREAK-OUT of ALINE

1. (OPEN N-candle < ALINE), THEN 

2. (CLOSE > ALINE), THEN 

3. CLOSE GETS 0.1 ATR (5) < ALINE


C - PATTERN, APPROACH & BOUNCE OF ALINE

1. (OPEN N-candle < ALINE), THEN

2. (CLOSE GETS 0.1 ATR (5) ≥ ALINE), THEN

3. (CLOSE GETS 0.1 ATR (5) > HIGH


     4. PATTERNS FOR HIGH FRACTAL AND DLINE (Descending line)


These conditions must be met before creating patterns:

 1. (HIGH price of High Fractal > LOW price of N-candle) a

 2. (OPEN price N-candle > DLINE)

     

    A - PATTERN, FALSE BREAK-OUT OF DELINE

 1. (OPEN N-candle > DLINE), THEN

 2. (CLOSE < DLINE), THEN

 3. (CLOSEGETS 0.1 ATR (5) > DLINE


    C - PATTERN, APPROACH & BOUNCE OF DELINE

 1. (OPEN N-candle > DLINE), THEN 

 2. (CLOSE GETS 0.1 ATR (5) ≤ DLINE, THEN

 3. (CLOSE GETS 0.1 ATR (5) > LOW

  

    If a pattern appears on the chart,  letter indicating the pattern - A or C - is pasted above or below the N-candle.

    Picture number 2 shows the gradual creation of patterns even with previously unused lines. Here the fractal created 4 patterns on 3 lines, and the last pattern is created on the Extended line. 

     

    The end of job order.

 

 As a next step. (I would like to use an algorithm for automatically setting the "amount of used Fractals", precisely according to the number of Fractals per N-candle.)


If the applicant understands all parts, I will be happy to answer any questions, especially if you send the price range for the work along with the questions.



Responded

1
Developer 1
Rating
(4)
Projects
4
0%
Arbitration
0
Overdue
2
50%
Working
2
Developer 2
Rating
(39)
Projects
55
35%
Arbitration
2
0% / 50%
Overdue
0
Free
3
Developer 3
Rating
(63)
Projects
68
25%
Arbitration
12
42% / 42%
Overdue
4
6%
Free
4
Developer 4
Rating
(300)
Projects
448
65%
Arbitration
5
40% / 0%
Overdue
4
1%
Working
5
Developer 5
Rating
(49)
Projects
56
50%
Arbitration
1
0% / 100%
Overdue
1
2%
Working
6
Developer 6
Rating
(379)
Projects
407
70%
Arbitration
3
100% / 0%
Overdue
2
0%
Loaded
7
Developer 7
Rating
(7)
Projects
8
0%
Arbitration
3
0% / 100%
Overdue
2
25%
Free
8
Developer 8
Rating
(564)
Projects
933
47%
Arbitration
302
59% / 25%
Overdue
125
13%
Loaded
Similar orders
hello here am looking for someone that can assist me in removing validation form my demo file and if anyone is interested dm the for more details i will be waiting to get any reply by some on that can assist me with this
Trading robots are programs, which operate according to underlying algorithms. An algorithm is a set of actions that need to be performed in response to certain events. For example, the most common task in algo trading is the identification of the "New bar" event. When the event occurs, the robot checks the emergence of trading signals and acts accordingly. Before you decide to program or order a trading robot, you
Hey greetings, It my pleasure to met you . I need a MT4 develop that can develop an EA based on alert . If you are a professional MT4 programmer you can kindly bid for this project and let proceed
Hi I do not know why but my other order have been deleted and it's not me... I do not know what i did wrong, let me explain again. I dont want you to crack a code or decompile. I want to create a scalper EA with the option I do ask. I had somebody built a EA called Drawdown manager for me that I do use to manage risk of any EA that I test and I have the built code. My problem is that I cannot back test this EA Fast
Wavetrend 3D by Jdehorty open source to MT4 and then to .dll format. I do not want simple wavetrend I want the multitime frame one. If you are familiar with c++ or Delphi this is necessary https://www.youtube.com/watch?v=S64LjZVr9jE code python https://github.com/artnaz/wavetrend-3d
You must have knowledge of forex tester. Don't bother unless you do The indicator to convert from trading view to FOREX TESTER 5 -- wave trend 3d by JDEHORTY Please note this is a multi time frame indicator. Im not interested in any other wave trend indicator. It has to be a conversion of this indicator. Forex tester conversion https://www.youtube.com/watch?v=S64LjZVr9jE code python
The requirements for the order of robots XAUUSD and XAGUSD EURUSD forex in the STOP loss TAKE profit signal in this order, you can bring benefits to the changes in the market, that is, when the market changes frequently, it will also help to prevent losses and bring great profits all work to trade high and low python line position
I'm seeking a C# developer with Quantower experience to assist me in exporting data from the Option Analytic panel in real-time via an API. This data will be exported based on a window app, not a web app. You can review the document at the following link : . https://github.com/Quantower/Examples/blob/master/IndicatorExamples/GetOptionsInfo.cs Please check it before bidding NOTE : - Quantower is an app, not web
hello, I need quick help with ninjatrader tool, market replay is not updating candles on chart, even though time is updating on playback window. I need someone who can help remotely to see what is issue. are you available
I want to create an EA MT5 that can 1. identify support and resistance (based on close candles) 2. mark snr breakout 3. multitimeframe breakout scanner 4. scan the valid setup that appears 5. available for manual marking, INFO SPREAD & TIME NEXT BAR 6. sends alert notification to Telegram I need a professional and experienced developer with fast and good work according to what I want. if you are interested I will

Project information

Budget
150 - 250 USD
For the developer
135 - 225 USD
Deadline
from 3 to 12 day(s)