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Rules
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Specification
- ind_arrows
- ind_supertrend
- ind_wave (pay special attention to this one)
These sub-indicators return, two of them continuous signal at each bar ("ind_arrows" and "ind_supertrend"), while "ind_wave" generates signals at different bar intervals. To make the signal generated by the "ind_wave" continuous, you need to consider the last dot generated (see image):
New indicator must be displayed in a separate window (see image)
- ind_arrows = green arrow
- ind_supertrend = green supertrend
- ind_wave = green dot (or white dot below the price) -> until a new Red dot (or white dot above the price)
for "ind_wave", change the color when the bar has been closed
Clarification:
"ind_wave" generate a white dot? Not relevant. What is relevant is whether it is above or below the price:
- Above: SELL (red)
- Below: BUY (green)
For the SELL (RED) side it's all exactly the same but in reverse.
The check of the 3 indicators for the color change of the combined line must occur at the close of the bar.
The new Indicator must have a very important Fixed Timeframe input field. When I change the current visual timeframe on the platform (current period), calculation of the 3 sub-indicators must always refers to the Fixed Timeframe selected in input.
The second necessary input is the timeframe of the "ind_wave", as this indicator can work on different timeframes:
All other sub-indicators input should remain as default, hidden in the code and not in the input tab.
Example 1: Indicator set input Fixed Timeframe on H4, but I look at an M15 chart. The Indicator must return the signal from H4, the current display timeframe must not have any importance. Indicator must always work in H4, and print the output color to the correct time of the H4 timeframe.
Example 2: If I have a green signal on an H1 input timeframe, and I look at a M1 visual timeframe, I should see 60 green bars.
Example 3: I could look at a chart in M1, select the fixed timeframe input M15 (this work for all three indicators), and then select "ind_wave" in H4. On M1, I will need to see the combination of the three indicators generated in M15. The "ind_wave" in M15 will print the dot but refer to H4.
Test the indicator in M1 visual timeframe with selected input fixed timeframe M15 or higher, and "ind_wave" timeframe H4. It is important that the indicator works well in M1 and is fast to load.
Full .mq4 code is required
Send DEMO without copyright text as soon as possible.
Thank you