Indicator creation and a dependant Ea

MQL4 Indicators Experts

Job finished

Execution time 8 hours
Feedback from employee
Very clever preson and nice cusotmer
Feedback from customer
Indicator is done in 1 day thank you so much

Specification

Hello 

I need to create an Indicator that gives Buy/Sell signals depending on 4 conditions.

But before we go into the conditions there is a few points to know: 

first of all there is an attached indicators that is taken into consideration in 2 of the four conditions



second : 2 of the conditions are on a time frame  " lets call it the main time frame" , and the other 2 conditions are in the time frame just below it "lets call it the secondary time frame" and both by their names I need them to be in the indicator's settings as options I can modify let's say I make the main time frame as weekly and the secondary time frame as daily so this fixes the signals no matter how I change the time frame on the chart 



Now lets get into the 4 conditions and for explanation I will use a sell signal

First: on the main time frame the indicator is red indicating a bearish price activity




Second: A candlestick closes with it's CLOSE lower than the lows of the preceding 3 candlesticks which is the first candlestick to close like this within the bearish wave



Now the 2 conditions on the "secondary time frame" 

First : the indicator activity on the secondary or lower time frame in the 2 waves just preceding the candle close on the main time frame makes two lower highs and the indicator is currently red as well



second : the price action related to those two waves on the indicator is also showing lower highs


So to summarize:

the candle stick on the MAIN time frame must close fulfilling the 4 conditions for a sell signal to be posted with the opening of the following candle

if the conditions of the MAIN time frame are fulfilled and any of the other two is not then the whole bearish wave on the Main time frame is discarded

only one signal on the bearish wave on the main time frame is counted either fulfilling all the conditions or failing and discarded

all the previous explanation is the opposite with the bullish buy signals

I do not  need to have the original indicator please incorporate it in the programming of the new one

Finally I need to program an EA based on that with the options to control the Main time frame, the Secondary time frame , the Lot size and stop loss is the last highest price on the secondary time frame related to the blue area of the indicator activity and the ability to add or subtracts pips manually from that and the take profit, where the take profit is 1:1 to the stop loss



Files:

EX4
hesen.ex4
27.1 Kb

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Project information

Budget
30 - 300 USD
Deadline
to 10 day(s)