New Indicator based on MAs and Bollinger Band

MQL5 Indicators

Job finished

Execution time 18 minutes
Feedback from customer
Very detailed and patient. Thanks!
Feedback from employee
Thank you very much for your order. Looking forward to working with you again :)

Specification

***Need to create an indicator and then EA after this job is completed.

***You will see '%' below, this is based on the level of the bollinger bands. The top bollinger band is 100% and bottom bollinger band is 0%.

I will show sell example first, please read it CAREFULLY and let me know if you understand it. I will then make a video to explain it to make sure everything is clear before starting the job.


Sells:


Step 1:
Middle bollinger band value decreases in value

Step 2:
Middle bollinger band value increases in value and stays the same or keeps increasing in value until Step 5 (Signal candle).
If the middle bollinger band decreases in value before the signal candle (Step 1) then wait for Step 2 again

Step 3:

Wait for low of candle to be equal to or less than x% of bollinger band

Step 4:

Wait for low of candle to be greater than x% of bollinger band

*Important for next step:*
Check the first candle before Step 4 candle where its low is equal to or less than x% of bollinger band - We can call this candle Z.

Step 5 (Sell signal candle):
Wait for low of candle to break below the low of candle Z (do not wait for candle close)

*Important for sell to be valid*
The highest price between Step 2 and Step 5, must be higher than than the highest price between Step 3 and Step 5


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