FreelanceSections

Dual time frame Fractal channel indicator

MQL5 Indicators Forex

Job finished

Execution time 3 minutes
Feedback from customer
Very helpful with my first time ignorance, willing to work to ensure the end result was what I wanted.
Feedback from employee
Great customer. Thank you for the order!

Specification

I need a channel indicator that uses H8 Fractals signals as the connecting points but it will be running on an H4 chart.

This is a reversal strategy. The screenshots show the setup from the H8 which is transferred to the H4 operating chart.

  • Two different colours for the long and short movements on the high side of candles.
  • When there is a high Fractal followed by a lower Fractal a horizontal trendline is drawn at the lower point. The H8 signals are complete when a candle closes above the trendline.
  • Then when the H4 channel shows an uptrend line and the H4 candle closes above the horizontal trendline an entry signal is generated.
  • -----
  • Two different colours for the long and short movements on the low side of candles.
  • When there is a low Fractal followed by a higher Fractal a horizontal trendline is drawn at the higher point. The H8 signals are complete when a candle closes below the trendline.
  • Then when the H4 channel shows a downtrend line and the H4 candle closes below the horizontal trendline an entry signal is generated.

Inputs required:

  • Chart and push alerts.
  • Arrows for trade entry point.
  • Draw H8 channel lines - on/off.
  • Draw H4 channel lines - on/off.
I hope this makes sense, the pictures should help :)

Files:

PNG
eurjpy_h4.png
49.9 Kb
PNG
eurjpy_h8.png
37.4 Kb

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Project information

Budget
30 - 60 USD
Deadline
to 5 day(s)