Mechanism to filter out alerts from an Indicator bought from Market

MQL4 Scripts Other

Specification

Hello,


I'm looking for a mechanism to filter out alerts from an indicator I bought from mql market.


The indicator is VJ Sniper. It is simple, and gives buy sell signals (arrows). You can lookup MQL market for an idea of how the indicator works.
And note that the indicator is based on TMA bands, and it repaints slightly. Since its bought from market, I don't have the source code.

I want the mechanism to give LONG or SHORT signals only when the trend is UP or DOWN respectively. It can be a script or indicator or whatever works with MT4.

The timeframe I use is M30.


I use the following free indicators to filter out alerts. I can share the indicators with code if you need.

  • 200 EMA
  • Forex Freedom Bars [Indicator repaints since it is MTF indicator - any MTF indicator repaints]

It displays the trend in four different timeframes. I use H4 trend for filtering VJ sniper signals.

  • MTF MACD      [Indicator repaints since again it is MTF indicator]

It displays MACD of the higher timeframe. I use H4 trend for filtering VJ sniper signals.


The Filters Required:

--> Filter 1: Either 200 EMA or H4 FFB trend is in agreement with VJ signal
  • Uptrend: Only when price is above 200EMA or H4 FFB shows uptrend, VJ sniper should give LONG signals.
  • Downtrend: Only when price is below 200 EMA or H4 FFB shows downtrend, VJ sniper should give SHORT signals.

--> Filter 2: MTF MACD (H4)

  • Uptrend: Only when the MTF MACD (H4) is greater than (i.e. above) the signal line, VJ sniper should give LONG signals.
  • Downtrend: Only when the MTF MACD (H4) is lesser than (i.e. below) the signal line, VJ sniper should give SHORT signals.


Note:
  • VJ Sniper indicator parameters should be modifiable.
  • MTF MACD indicator parameters should be modifiable.
  • It is ok to have all the indicators on the chart, as part of this script, or I can apply those additionally.
  • I need the source code preferably.
  • I will test the stuff extensively before accepting, so I will take at least a couple of weeks for testing it.


If you have any questions, or if I've missed some info, please feel free to ask.

Uptrend


Downtrend

Thank you

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Project information

Budget
30 - 70 USD
For the developer
27 - 63 USD
Deadline
to 15 day(s)