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Specification
My indicator should be able to send BUY or SELL alerts and push notification.
I need a developer to develop a indicator that is base on chart pattern using candle sticks and better volume indicator.
This indicator development would be developed using the candle sticks high and low of the price level and considering the candle sticks with climax and low churn better volume bar indicator.
The pattern would validated after each third and fourth stages of the descriptions.
For buy trade, bullish candle sticks with climax or low churn, price must first trade above the wicks of that candle to start the circle after which price should trade below the wicks of the candle stick to complete the second circle. After the second circle a line should automatically drawn at the high of the price level of the signal bar to complete the third circle.
The third circles line would serves as the price target for open trades and a retracement back to the break of that line above with bearish candle stick with climax or low churn better volume bar will set a buy trade for future trade and stop loss at the low wick of the signal bar .note: below is the second condition BUY description.
For sell trade, bearish candle sticks with climax or low churn, price must first trade below the wicks of that candle to start the circle after which price should trade above the wicks of the candle stick to complete the second circle. After the second circle a horizontal line should automatically drawn at the low of the price level of the signal bar to complete the third circle. The third circles line would serves as the price target for open trades and a retracement back to the break of that line below with bullish candle stick with climax or low churn better volume bar will set a sell trade for future trade and stop loss at the high wick of the signal bar. Note: below is the second condition BUY description.
BUY CONDITION 1:
A bullish candle sticks with climax bar or low churn bar is the signal bar.
first condition, price must first trade above the higher wicks of the signal bar
second condition, price then should trade below the lower wicks of the signal bar
third condition , resistance line automatically drawn at the high of the signal bar immediately after the second condition is met for price target and for future trade.
For future trade, price must breaks to the upside, buy on the retest of former resistance line .
fourth condition, a retracement back to the resistance line with bearish candle stick with climax or low churn to the price level will set a buy trade.
STOP LOSS:
stop loss should be set at lower wicks of signal bar.
TAKE PROFIT:
Take profit should be set at the next horizontal line of a bullish candle sticks with climax or low churn above that as not be broken .i.e the third condition.
BUY CONDITION 2:
A bearish candle sticks with climax bar or low churn bar is the signal bar.
first condition, price must first trade below the higher wicks of the signal bar
second condition, price then should trade above the high wicks of the signal bar
third condition , support line automatically drawn at the low of the signal bar immediately after the second condition is met for price target and for future trade.
fourth condition, a buy order place one tick above the high of wick of the bearish candle stick with climax or low churn bar at the line.
STOP LOSS:
stop loss should be set at below the wicks of bearish candle stick with climax or low churn bar at the line.
TAKE PROFIT:
Take profit should be set at the resistance line set on the bullish candle stick with climax or low churn that as not been broken above.
SELL CONDITION 1:
A bearish candle sticks with climax bar or low churn bar is the signal bar.
first condition, price must first trade below the higher wicks of the signal bar
second condition, price then should trade above the high wicks of the signal bar
third condition , support line automatically drawn at the low of the signal bar immediately after the second condition is met for price target and for future trade.
For future trade, price must breaks to the downside, sell on the retest of former support line .
fourth condition, a retracement back to the break of the price line with bullish candle stick with climax or low churn at the price level will set a sell trade.
sell at a retracement to price level of the upper wicks of the signal bar with bullish bar with climax or low churn bar at that price level.
STOP LOSS:
stop loss should be set at high wicks of signal bar.
TAKE PROFIT:
Take profit should be set at the next support line of a bearish candle sticks with climax or low churn below that as not be broken .i.e. the third condition.
SELL CONDITION 2:
A bullish candle sticks with climax bar or low churn bar is the signal bar.
first condition, price must first trade above the higher wicks of the signal bar
second condition, price then should trade below the low wicks of the signal bar
third condition , resistance line automatically drawn at the high of the signal bar immediately after the second condition is met for price target and for future trade.
fourth condition, a sell order place one tick below the low of wick of the bullish candle stick with climax or low churn bar at the line.
STOP LOSS:
stop loss should be set above the wicks of bullish candle stick with climax or low churn bar at the line.
TAKE PROFIT:
Take profit should be set at the support line set on the bearish candle stick with climax or low churn that as not been broken below.