I need an indicator that analyzes and displays data from the ADR and ATR indicators

Job finished

Execution time 19 hours
Feedback from employee
Clear and honest communicator very professional.
Feedback from customer
Fully understood my expectations and professionally completed the task in a short timeframe

Specification

Project Expectations for MT4 Indicator:

  1. The indicator will be named "ADR_ATR_Range_Filter."

  2. It will include input parameters:

    • ADR Period (e.g., 14 days)

    • ATR Period (e.g., 14 periods)

    • Trigger Range Start Time (user-defined, e.g., “03:00”)

    • Trigger Range End Time (user-defined, e.g., “10:00”)

    • Trigger Range Threshold as % of ADR (Min and Max, e.g., 20%–70%)

    • Trigger Range Threshold as % of ATR (Min and Max, e.g., 20%–70%)

  3. The indicator will calculate the ADR (average daily range) and ATR (average true range) based on the specified periods.

  4. Each day, it will measure the “Trigger Range” based on the high–low between the user-defined start and end times.

  5. The Trigger Range will be compared to ADR and ATR:

    • If the Trigger Range is within the defined Min/Max percentages of both ADR and ATR, it will signal a valid range (Green singal for both indicator signal).

    • If outside the thresholds, it will signal an invalid range (red signal for the indicator with the invalid signal, which can be one or both indicator).

  6. Chart Output: Provide a visual cue (e.g., label, arrow, or color) indicating whether the trigger range is acceptable based on the filters.

  7. Time Format: Ensure the input time (start/end) matches the broker’s server time and uses “HH:MM” in 24-hour format.

  8. Chart Timeframe: The indicator should be compatible with all timeframes, but the trigger range will be based on the daily time window.

  9. Historical trigger ranges and signals should be displayed on chart for backtesting purposes.

  10. Alert Options: (pop-up, sound, or push) should be added when a valid is detected.



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Project information

Budget
40+ USD
Deadline
from 1 to 2 day(s)