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Rules
Specification
· Hi,
Need to create simple indicator using the below rules. Let me know if you need any more clarification
* Use template and indicators attached
· Should be ab able to work on M1 and above.
Example of buy signal on the M1 chart. Bar closes with the below rules all happening together (opposite of a sell):
1- GMTS Matrix Indicator: four lines are blue.
2- ASCTrend-3TF indicator: the third line (M15) has to have to have 15 consecutive blue dots. These 15 dots keep changing together and are not permanently painted except after fifteen M1 bars have passed (which are basically reflecting one dot on the M15 timeframe). Once it closes you see a Vertical Solid White line (green arrow points at it). Circled in white in the picture below reflects when the M15 dot closes.
Once the above happens, the second line (M5) has to have to have 5 consecutive blue dots. These 5 dots keep changing together and are not permanently painted except after five M1 bars have passed (which are basically reflecting one dot on the M5 timeframe). Once it closes you see a Vertical Dotted White line (yellow arrow points at it). Circled in yellow in the picture below reflects when the M5 dot closes.
Once the two above are in place, the first line (M1) has to have one bar close as blue. Circled in green in the picture below reflects when the M1 dot closes.
Vertical line is yellow should be the final result, when this bar closes with all the above rules in place a signal occurs for the GTMS-Matrix and ASCTrend-3TF indicators.
3- In addition to the above, the below should also be in place:
The two M5 Stoch-Tape indicators: These have to fully close. It is a multi-timeframe indicator so it closes every five M1 bars.
The two M15 Stoch-Tape indicators: These have to fully close. It is a multi-timeframe indicator so it closes every fifteen M1 bars.
· * Note: This does not have to be a cycle, where the indicator checks for a signal every 15 minutes. Sometimes the M15 is already in place for the M15-Stoch indicator and the third line in ASCTrend-3TF (M15) stay for a long period of time and only the M5 and M1 indicators keep fluctuating. So a signal can happen in the middle of a M15 bar, since the previous M15 bars/dots are already blue in the indicators and the current M15 bar/dots in the indictor that did not close are in the color blue. Same for the M5 bars/dots in the indicators.