Zigzag SR arrow alert

MQL4 Indicators

Job finished

Execution time 5 days
Feedback from customer
Great developer. Thank you.

Specification

Steps :

1) set ZigZag setting : 25 depth, 3 deviation, 2 backstep on m1 timeframe chart.


2) zigzag turning points is support and resistant.


3) draw 2 purple horizontal lines at the lowest and the highest zigzag turning points among the latest 168 candles on screen.


4) draw purple horizontal line at any other zigzag turning points if it is more than 100 points distant from the previous 2 horzintal lines at step 3 just now.


5) if (current price from above go down and touch the horizontal line), then draw a up arrow at the bar AND pop up message "Audjpy buy") AND END the horizontal line (please refer to the 2nd picture demostrate how the horizontal line end / stop).


6) if (current price from below go up and touch the horizontal line), then draw a down arrow at the bar AND pop up message "Audjpy Sell").


7) If (new zigzag turning point appear above the old highest resistant line) Or (appear below the old lowest support line), then draw a new horizontal line, and delete the old 1 if the old 1 is less than 100 points distant from the new 1.


8) If (new zigzag turning point appear below the old highest reistatnt line) or (appear above the old lowest support line) AND (it is 100 points away from the both old support and resistant lines), then draw a new horizontal line.


Note : Distant between new line and old line must be more than 100 points (The old line which is end / stop at arrow appear is NOT COUNT). Only compare distant on old line which is not end / stop yet.


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Project information

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