Amendment of PSAR Indicator.
I have an indicator called PSAR indicator, that needs amendment.
The Amendment is only on display no amendment on the functionality of the EA:
Correction
1
Include two more chart displays on the top left corner of my PSAR indicator
1. Trade condition = XXXXX
2. Trade Decision = xxxx
A.
Change green horizontal and vertical line to
blue if there is a buy condition/alert, then Trade condition = Strong buy trend && Trade Decision = Open Buy Order
B.
Change green horizontal and vertical line to red
if there is a sell condition/alert, then Trade condition = Strong Sell trend && Trade Decision = Open Sell Order
Correction 2
BUY CONDITIONS
Scenario 1
If the current pair
with the PSAR indicator is an active or running trade &&The running pair
is a buy trade && The current price is above the buy entry point &&
The PSAR calculated value is >=1
Then, the displays will
be:
1. Trade
condition = Strong Buy Trend
2. Trade
Decision = Hold buy trade (Let this be color blue).
Scenario 2
If the current pair
with the PSAR indicator is an active or running trade && The running pair
is a buy trade && The current price is above the buy entry point &&
The PSAR calculated value is < 1
Then, the displays will
be:
1. Trade
condition = Weak Buy Trend
2. Trade
Decision = Exit trade (Let this be color blue).
Scenario 3
If the current pair
with the PSAR indicator is an active or running trade && The running pair
is a buy trade && The current price is below the buy entry point &&
The PSAR calculated value is >= 1
Then, the displays will
be:
1. Trade
condition = Recovery Buy Trend
2. Trade
Decision = Hold buy trade (Let this be color blue).
Scenario 4
If the current pair
with the PSAR indicator is an active or running trade && The running pair
is a buy trade && The current price is below the buy entry point &&
The PSAR calculated value is < 1
Then, the displays will
be:
1. Trade
condition = Loss Trade
2. Trade
Decision = Exit Buy trade (Let this be color blue).
Correction 3
SELL CONDITIONS
Scenario 1
If the current pair
with the PSAR indicator is an active or running trade &&The running pair
is a sell trade && The current price is below the sell entry point &&
The PSAR calculated value is >=1
Then, the displays will
be:
3. Trade
condition = Strong sell Trend
4. Trade
Decision = Hold sell trade (Let this be color red).
Scenario 2
If the current pair
with the PSAR indicator is an active or running trade && The running pair
is a sell trade && The current
price is below the sell entry point && The PSAR calculated value is <
1
Then, the displays will
be:
3. Trade
condition = Weak sell Trend
4. Trade
Decision = Exit trade (Let this be color red).
Scenario 3
If the current pair
with the PSAR indicator is an active or running trade && The running pair
is a sell trade && The current price is above the sell entry point &&
The PSAR calculated value is >= 1
Then, the displays will
be:
3. Trade
condition = Recovery Sell Trend
4. Trade
Decision = Hold Sell trade (Let this be color red).
Scenario 4
If the current pair
with the PSAR indicator is an active or running trade && The running pair
is a sell trade && The current price is above the sell entry point &&
The PSAR calculated value is < 1
Then, the displays will
be:
3. Trade
condition = Loss Trade
4. Trade
Decision = Exit Sell trade (Let this be color red).
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