Looking
to take the visual aspects of the ADR indicator and apply alerts, arrows upon candle close, and EA
buy/sell signal buffer. Will send sample code to selected developer. Exclusive rights with MQL4 codebase required.
Overall
simple breakdown of the sequence of events for a buy position example (opposite for a sell position):
·
ADR
is exceeded because the price goes below the ADR Low (below the ADR Days Prior number setting) on the current candle
·
The
ADR Low line on the chart changes from dotted to solid because that ADR level was reached for the day
·
Crossover
BUY arrow is painted on chart at the end of the current candle closure
·
Trigger
is met and the indicator sends BUY_ORDER to EA (with buffer setting provided to selected developer)
·
EA
manages trade
Inputs:
·
ADR
Section
o
ADR
Start Time - Time to reset the Averaging calculations each day (Default=00:00)
o
ADR
Days Prior - Number of days in past used to calculate ADR (Default = 15)
o
ADR
Back Paint - How many days to paint to the chart (Example, if the user selects 50 days in the past to paint, the ADR would be calculated from the
ADR Days Prior input and show up as horizontal lines (dotted or solid - if the ADR low/high was reached on that day or not) and the calculations)
o
ADR
Not Reached Color (Default = Red)
o
ADR
Not Reached Line thickness (Default = 2)
o
ADR
Reached Color (Default = Green)
o
ADR
Reached Line thickness (Default = 2)
o
ADR
Percentage (Default = 100%) This refers to if the user wants to allow trades to initiate
(paint arrow and send buffer to EA) if the price comes within X percentage of the high/low level of the ADR
·
Visual
Settings
o
From
right side of chart, how far down from top offset setting (Similar to stats.ex4)
o
Box
Color
o
Text
Color
o
Text
size
o
Buy
Arrow Color
o
Buy
Arrow Size
o
Sell
Arrow Color
o
Sell
Arrow Size
·
Alerts
o
Buy/Sell
Signal Buffer for EA
o
Buy
Signal Message
o
Sell
Signal Message
o
Alert
Popup Text
Visuals
on the chart similar to the screenshot:
·
Average
Daily Range is hit or close (within user defined % or pip count) - alert triggered (Main settings from ADR.ex4)
o
Line
style/thickness/color 1 (prior to limit reached)
o
Line
style/thickness/color 2 (post limit reached)
o
Display
ADR Value
o
Reached?
Calculated from current start of day to the ADR high/low
o
Today's
Range
o
Count
of pips to ADR High and Low
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