I need a modification for existed indicator

MQL4 Indicators

Job finished

Execution time 11 days
Feedback from employee
was understanding and accomodative had the pleasure of doing business with him
Feedback from customer
As per requirement, he has done an excellent job. Thank you.

Specification

Dear Freelancer, I have an Indicator which is having, some fixings so, modify it as per mine requirements (Which is provided in the word document in an archived file). Thank you.


PLOTTING LINES

 

In plotting our Price Action Lines, there are some certain criteria that have to be met before

taking our trades, which are,

1.      There must be a Matching Top or Bottom. Japanese candlestick pattern calls this a Twizzerthis a situation whereby the candlestick top or bottom are equal at the reversal

2.      There must be an Engulfing. An engulfing is referred to as when the new candlestick covers the previous.

3.      The Candlestick engulfed must have a long week than body

 

This is an example of a typical candlestick

 

 

Below is an example that matches the 2 criteria: 

An Example in MT5/MT4

 

Now that we have known the criteria let’s look at how to place a valid trade.

 

To ensure we have a valid short-break point after reversal confirmation, we apply a method I call the candlestick back-counting, this method will enable us to have a perfect entry point.

 

How does candlestick back counting work?

 

1.      We place a line on the Matching top or bottom as seen in the image above

2.       We draw the line candlesticks forward (This might be challenging for new formations because there is no candlestick forward, but you should be able to use the same length of a past traded line drawn to apply in a new formation.)

3.      We draw the line back to the highest/lowest candlestick before the reversal was made (Maximum of 14 candlesticks back)

 

Ex:

 

 

 

 

 

 

 

Now let’s take a recap on how to take trades from MT5/MT4

 

1.      On the Toolbar in MT5/MT4 click on the Crosshair icon and match the tops and bottom to make sure they match

 

2.      Click on the Draw Trend line Icon

3.      Draw the line on where you spotted the candlestick 8 candlesticks to the front

 

4.      Draw the line back to the lowest/highest before the reversal

 

 

 

 

 

5.      Place an arrow after the break candlestick(whether up or down)

 

6.      Log into your broker and take the trade 20 to 30 mins ( Minimum of 4 candlestick

Maximum of 6)

 

And then...

 

 

Requirements:

 

v  Call or Put signal will generate after Trend-line crosses and after crossing the trend-line candlestick must not touch the trend-line.

 

 

 

Example:

                

 1st candlestick breaks trend-line but 2nd candlestick reversed and touches the trend-line. 3rd candlestick completely doesn’t touch the trend-line so, on the generation of 4th candlestick, it generates the PUT signal. Same like for CALL signal.

 

 

 


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