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Rules
Specification
I need an Indicator, which should read bearish/bullish alerts from an existing non-repaint Indicator (PZ Candle Pattern) and filter the alerts as per given rules and drop the filtered alerts and fire the qualified alerts.
About Existing Indicator (Candle Pattern Indicator)
E1 - Existing Indicator
· Non-repaint Indicator
· Bullish Alert – Blue Colour
· Bearish Alert – Red Colour
· Alert announce on candle close, on the closed candle
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Win/Loss definition for Signal Rule:
1. Win = A Bull Candle occurs after <Buy Signal of E1>, or a Bear Candle occurs after <Sell Signal of E1>.
2. Loss = A Bear Candle occurs after <Buy Signal of E1>, or a Bull Candle occurs after <Sell Signal of E1>.
3. Loss = A Candle with 0 sized body occurs after <Buy/Sell Signal of E1>.
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Signal Rule:
· Stage 1: Wait for [Input: Minimum (0+)] consecutive Losses to occur BY E1.
· Stage 2: After qualifying stage-1, fire the next signal of E1 (Fire Buy/Sell Arrow same time when E1 fires, mirroring E1 signal type (bullish/bearish).
· Stage 3: If Stage 2 Arrow gets a Win, return to Stage 1 to wait. Otherwise, repeat Stage 2 until a Win.
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Indicator inclusions:
· Alerts: Popup
· Configurable Arrow symbols, offsets and size/colours via Colours tab.
Alert line examples:
· "[EURUSD, M1]: BUY/CALL --- pearl"
· "[EURUSD, M1]: SELL/PUT --- pearl"
Special: (The signal should work with MT2IQ Indicator).
· Specific low level request to ensure that Buy Signal output is via signal output buffer 0.
· Specific low level request to ensure that Sell Signal output is via signal output buffer 1.
Source Code Required
