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John Carter Indicator

MQL4 Indicators Forex

Job finished

Execution time 8 days
Feedback from employee
Working with John was a pleasure. Reliable and committed to make it a success. Looking forward to another time working together. Thanks again, Phil
Feedback from customer
Very happy with the development of indicator by Phil. Very professional and courteous approach to develop required indicator to provided specifications.

Specification

Looking for developer to program John Carter indicator - HOLP LOHP as per his book. Adjustment of 18 to 20 days ( he stating 18 days price range ). Indicate as arrows or dots.

Method


As per his book - Mastering the Trade.

Identify a trading market< that is 20-day (or period) highs. This is a rule of thumb; price that are making 17 or 18 day highs are also fine.

Identify the high bar in the up trend. This is typically current bar, but it cud be a few bars back. By "high bar", I mean the bar with the highest intraday price print in the entire move higher.

Once I identify the high bar, I will than go short once price action closes below the low of this bar.

The initial stop is the high of the high bar.

Same rule for long price action.

#
17:20
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