I would like to build an indicator that is looking for a consolidation.
Example with 15 min
TF
When the indicator is on 15 min chart, I would like to be
able to set up in variables,
the number of consecutive candles that are in a tunnel that
is smaller than 200 points from the Highest High to the Lowest Low.
When the indicator is set up for 7, the Box (option to
choose the color in variables) should MARK all 7 candles at once and if the next
candles are also in the tunnel, the box should be extended, UNTIL it is broken.
When the tunnel is broken then the indicator should STOP
extending the color box.
Keep the history of the tunnels on the chart for the last
100 boxes. (option to change the amount to 1000 or less.
Please look at the attached pictures.
The TUNNEL should be marked when the 7th candle
will close the price.
There is NO NEED to deal with the ticks, I do not want that
this indicator will slow down the MT4 platform.
Time Zone .
I would like to set up the time zones for the indicator to
look for the consolidation.
BROKERS TIME, NOT MY LOCAL TIME.
Example.
Time Zone 1 Starts 01:00
Time Zone 1 Ends
05:00
Time Zone 2 Starts 08:00
Time Zone 2 Ends
12:00
Time Zone 3 Starts 14:00
Time Zone 3 Starts 22:00
When the indicator marks the tunnel after 7 candles, it
should place the exact height in points in the left Top corner (invariables
font size and color of the numbers) and distance from the box 5 points also
option to change.
If the setting is 200 points but the tunnel is 155 points high
, the number of the height should also
change after the last candle will close the price.
If next CLOSED candle will change the tunnel to 185, the
number should change also in the corner.
Alert on 7th candle in the tunnel, option to
change the number to >
Only one alert , NOT every candle after 7th one.
Alerts, push notification etc. True/False
Please do NOT add ANY other information on the chart, ONLY boxes and height numbers.
Source Code in English ONLY, please.
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