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Specification
Purpose: This specification is for the purpose of building sets of indicators
The primary entry signal of the trading strategy of this project is the Supply Demand Pro Indicator. This signal will always be active during MT4 chart use. Other indicators (supplied by the client of the developer as necessary) will always have the option to be turned off/on and or combined with the grand total of any set trading conditions within GetSomePips, (name of this Project/EA/Indicator/Excel logger). The conditions for GetSomePips are for entry signals. The Supply Demand Pro with the rest of the conditions for GetSomePips user template should be divided into bull trend and bear trend for user selection conditions, including the Supply Demand Pro signals itself.
GetSomePips can be used basically for all general forex pairs, commodities, indices and crypto market offers by brokers.
This job is divided into 2 phases. This specification is the first phase. The second phase should be shared with developer that accepts phase 1 before development of phase 1 began for easier integration of phase 2. The developer can then choose to also accept phase 2 for another possible $400 for phase 2 development.
INDICATORS:
Pro Supply Demand
This indicator displays an arrow in the direction of the predicted markets on charts that activates MT4 popup log box with sound alert on the MT4 desktop computer version. Currently the push notifications are not working or built. The Supply Demand Indicator shall be modified to send push notification alerts. The arrow signal from Supply Demand Pro is the primary signal of this indicator, as other indicators or rules are added as additional filters or tasks to the Supply Demand Pro indicator turning this project into GetSomePips. As an additional note, the Supply Demand Pro will place arrows/alert signals at marked supply and resistance zones but also when not in any marked zones. The Supply Demand Pro operates on a closed candle basis.
Every arrow this indicator produces should be accounted for and be sent out through push alerts, EA trading, and or when recording for Excel sheet documentation, if and when these commands are activated.
Additional Indicators and conditions.
Bull or bear candle opened. The user enters to only trade the trend based on the opened candle when the Supply Demand Pro activates a signal. Example the user could have the EA trading on a 1 hour chart, then have the Supply Demand Pro to only buy when the opened candle on the Daily chart is bullish and to only sell when the opened daily candle is bearish. The user may also do the inverse, example by setting the EA to buy on the 1 hour chart if the 4 hour candle is bearish. This indicator and Heiki Ashi are the only indicators using the current open candle.
Bull or bear trend by candle count. The most recent closed candles shall be counted for trend indication. Intended to evaluate a higher time frame while using the EA on a lower time frame. The user shall be able to define the candle ratio by manually typing the number of candles. Example if the user entered 12 out 16 candles are bullish, this equals bullish trend, the inverse can be said about the bearish trend.
Renko Chart. The same concept for bull or bear trend by candle count, can be used for Renko blocks or bricks. The user shall be able to define the pip count. The Renko chart should be based on traditional calculation methods with a set pip amount by the user. Example user sets the Renko chart to 20 pips. The user shall be able to define the Renko brick ratio by manually typing the number of bricks. Example if the user entered 12 out 16 bricks are bullish, this equals bullish trend, the inverse can be said about the bearish trend.
VWAP Band, this is a visual indicator. Similar concept to the supply zones of the Supply Demand Pro. Supply Demand Pro Signals only become active when above, below, equal to or near the 2 furthest Outer Bands that are defaulted as blue and green. The user shall be able to expand the boundaries of active alerts near the bands by pip distance. Example The user sets a signal for the Supply Demand Pro arrow to activate if the arrow/signal occurs within .3 pips or less away from a the furthest bands that are defaulted to blue and green. If the Supply Demand Pro gives a signal .1 pips away from one of the blue or green bands inside the channel of the band, the Supply Demand Pro signal shall become active within .1 pips from the inside channel of the band.
(Signal shall be given when price is inside or at the channel not outside.)
Heiki Ashi candles signals from Supply Demand Pro should only be given if the specified number of Heiki Ashi candles are consistent. The user shall be able to define the number of candles to be taken into account. Example, if the user sets the Heiki Ashi to 2 consecutive candles. If the live trading price produces 2 consecutive bearish candles when the Supply Demand Pro signal become active (the first recorded Heiki Ashi of closed candle and arrow signal) if the following opened Heiki Ashi candle becomes bearish after the Supply Demand Pro opens a arrow signal from the previous close candle, the signal becomes active or true. The final Heiki Ashi candle should be based on an "open candle.
ATR
Consideration for the ATR is based upon the ATR average. The user may define the Average by 2 methods. The first is by manual user input, such as manually typing the ATR number, such as .00050. Supply Demand Pro should only give signals when the ATR is above or below the average, depending on how the user defines the condition. Example the user places a condition for Supply Demand Pro alert to become active when the ATR is < than average. The average ATR is set at .00050, the actual live trade ATR is at .00030, the Supply Demand Pro arrow signals will become active.
The user shall be able to manually define a specific value above or below the ATR average by percentage of ATR average. Example the user manually inputs an ATR greater than average of 10%. The predefined ATR average is .100. The current live trading ATR average is .120, if the Supply Demand Pro gives any signal, these signals shall become active above or at ATR average above .110. The same inverse is considered for ATR < average. The user shall be able to manually define the ATR average by typing the values in for the ATR average, a specific value above the ATR average and below the ATR average. The user shall have 3 different input boxes for the ATR. One input for the average. Two more value inputs for a higher and lower than average manual input.
The primary entry signal of the trading strategy of this project is the Supply Demand Pro Indicator. This signal will always be active during MT4 chart use. Other indicators (supplied by the client of the developer as necessary) will always have the option to be turned off/on and or combined with the grand total of any set trading conditions within GetSomePips, (name of this Project/EA/Indicator/Excel logger). The conditions for GetSomePips are for entry signals. The Supply Demand Pro with the rest of the conditions for GetSomePips user template should be divided into bull trend and bear trend for user selection conditions, including the Supply Demand Pro signals itself.
GetSomePips can be used basically for all general forex pairs, commodities, indices and crypto market offers by brokers.
This job is divided into 2 phases. This specification is the first phase. The second phase should be shared with developer that accepts phase 1 before development of phase 1 began for easier integration of phase 2. The developer can then choose to also accept phase 2 for another possible $400 for phase 2 development.
INDICATORS:
Pro Supply Demand
This indicator displays an arrow in the direction of the predicted markets on charts that activates MT4 popup log box with sound alert on the MT4 desktop computer version. Currently the push notifications are not working or built. The Supply Demand Indicator shall be modified to send push notification alerts. The arrow signal from Supply Demand Pro is the primary signal of this indicator, as other indicators or rules are added as additional filters or tasks to the Supply Demand Pro indicator turning this project into GetSomePips. As an additional note, the Supply Demand Pro will place arrows/alert signals at marked supply and resistance zones but also when not in any marked zones. The Supply Demand Pro operates on a closed candle basis.
Every arrow this indicator produces should be accounted for and be sent out through push alerts, EA trading, and or when recording for Excel sheet documentation, if and when these commands are activated.
Additional Indicators and conditions.
Bull or bear candle opened. The user enters to only trade the trend based on the opened candle when the Supply Demand Pro activates a signal. Example the user could have the EA trading on a 1 hour chart, then have the Supply Demand Pro to only buy when the opened candle on the Daily chart is bullish and to only sell when the opened daily candle is bearish. The user may also do the inverse, example by setting the EA to buy on the 1 hour chart if the 4 hour candle is bearish. This indicator and Heiki Ashi are the only indicators using the current open candle.
Bull or bear trend by candle count. The most recent closed candles shall be counted for trend indication. Intended to evaluate a higher time frame while using the EA on a lower time frame. The user shall be able to define the candle ratio by manually typing the number of candles. Example if the user entered 12 out 16 candles are bullish, this equals bullish trend, the inverse can be said about the bearish trend.
Renko Chart. The same concept for bull or bear trend by candle count, can be used for Renko blocks or bricks. The user shall be able to define the pip count. The Renko chart should be based on traditional calculation methods with a set pip amount by the user. Example user sets the Renko chart to 20 pips. The user shall be able to define the Renko brick ratio by manually typing the number of bricks. Example if the user entered 12 out 16 bricks are bullish, this equals bullish trend, the inverse can be said about the bearish trend.
VWAP Band, this is a visual indicator. Similar concept to the supply zones of the Supply Demand Pro. Supply Demand Pro Signals only become active when above, below, equal to or near the 2 furthest Outer Bands that are defaulted as blue and green. The user shall be able to expand the boundaries of active alerts near the bands by pip distance. Example The user sets a signal for the Supply Demand Pro arrow to activate if the arrow/signal occurs within .3 pips or less away from a the furthest bands that are defaulted to blue and green. If the Supply Demand Pro gives a signal .1 pips away from one of the blue or green bands inside the channel of the band, the Supply Demand Pro signal shall become active within .1 pips from the inside channel of the band.
(Signal shall be given when price is inside or at the channel not outside.)
Heiki Ashi candles signals from Supply Demand Pro should only be given if the specified number of Heiki Ashi candles are consistent. The user shall be able to define the number of candles to be taken into account. Example, if the user sets the Heiki Ashi to 2 consecutive candles. If the live trading price produces 2 consecutive bearish candles when the Supply Demand Pro signal become active (the first recorded Heiki Ashi of closed candle and arrow signal) if the following opened Heiki Ashi candle becomes bearish after the Supply Demand Pro opens a arrow signal from the previous close candle, the signal becomes active or true. The final Heiki Ashi candle should be based on an "open candle.
ATR
Consideration for the ATR is based upon the ATR average. The user may define the Average by 2 methods. The first is by manual user input, such as manually typing the ATR number, such as .00050. Supply Demand Pro should only give signals when the ATR is above or below the average, depending on how the user defines the condition. Example the user places a condition for Supply Demand Pro alert to become active when the ATR is < than average. The average ATR is set at .00050, the actual live trade ATR is at .00030, the Supply Demand Pro arrow signals will become active.
The user shall be able to manually define a specific value above or below the ATR average by percentage of ATR average. Example the user manually inputs an ATR greater than average of 10%. The predefined ATR average is .100. The current live trading ATR average is .120, if the Supply Demand Pro gives any signal, these signals shall become active above or at ATR average above .110. The same inverse is considered for ATR < average. The user shall be able to manually define the ATR average by typing the values in for the ATR average, a specific value above the ATR average and below the ATR average. The user shall have 3 different input boxes for the ATR. One input for the average. Two more value inputs for a higher and lower than average manual input.
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