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Specification
1. This indicator work on all the currency pairs displayed in the table above.
2. It works with the 5 minutes timeframe
3. The indicator uses 2 input variables (Start time and End time) = Time interval
4. This indicator only work based on a broker terminal (start time and end time) (INPUT INTERVAL). This is an input variable.
5. WITHIN THE INPUT TIME INTERVAL ONLY, the indicator identifies the highest_wick and the lowest_ wick from all the candles in the interval for each of the currency pairs at THE INPUT TIME INTERVAL and displays the result in the table for each currency pairs.
6. The highest-wick and lowest-wick can only come from the INPUT TIME INTERVAL ONLY
7. When the end time is reached:
a. The indicator uses the candles after the end time and checks:
b. If the current price > the highest_wick for any currency pair do the following:
i. Color the signal cell of that currency pair green.
ii. Print “Buy” in that cell of the currency pair.
iii. Send alert notification only once for that currency pairs cell’s signal
8. When the end time is reached:
a. The indicator uses the candles after the end time and checks:
b. If the current price < the lowest_wick for any currency pair do the following:
i. Color the signal cell of that currency pair red.
ii. Print “Sell” in that cell of the currency pair.
iii. Send alert notification only once for that currency pairs cell’s signal
9. The Spread column = Current spread of each of the currency pair
10. Pips Distance = (Highest_wick – Lowest_wick) in pips.
11. Breakout Pips = if signal is Buy = (Current Price – Highest Wick) in pips
12. Breakout Pips = if signal is Sell = (Lowest_wick – Current price) in pips
13. On the current chart of the currency pair where the table is displayed;
a. Draw a red vertical line at the start time input
b. Draw a red vertical line at the end time input
c. Draw a yellow horizontal line at the highest wick found within the start time and end time. This line will extend to the price line.
d. Draw a yellow horizontal line at the lowest wick found within the start time and end time. This line will extend to the price line.