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Part 1:
Indicator: Smiley
When all three criteria are met, a smiley face is reflected on MT4 to notify the trader of possible point of entry.
The three criteria are TRX line, Belkhayate timing and Candlesticks patterns which I have included in my attachments.
The indicator I included in my attachments would form a blue smiley as a buy signal and a red smiley as a sell signal for all the time frames. See the image below:
Part 2: Explaining what should be changed/fixed/added.
-Instead of a smiley face, I would like to see an arrow (red or blue) to take up less space
-I need to be able to turn off any one of the three criteria at my choosing.
-I need to be able to turn off any time frame at my choosing. Right now I can update this from true to false within the program but the smiley is still popping up if the criteria are met under the one minute chart when I have turned it off.
-I like to be able to see the price when these conditions are met next to the arrow. (it would be preferable that the price only shows when I have the live arrow pointed next to the indicator arrow).
-The text should now reflect T for TRX, B for Belkhayate and C for candle sticks. So, if an arrow formed under the 1 day chart, it should have these text next to it T, B, C, 1D. If I turned off TRX, it would show T, B-1D.
-there should be a look back provision, how many candles and in what direction.
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|
|
TRX |
TIMING |
PATTERN -1 |
PATTERN -2 |
SUM |
|
|
|
|
|
|
|
|
|
|
|
|
5M |
|
|
1 |
|
1 |
0.0313 |
0.03125 |
|
15M |
|
1 |
|
|
1 |
0.0625 |
0.0625 |
|
30M |
1 |
|
|
|
1 |
0.1250 |
0.125 |
|
1H |
1 |
1 |
1 |
1 |
4 |
0.2500 |
1 |
|
4H |
1 |
|
|
1 |
2 |
0.5000 |
1 |
|
1D |
|
|
|
1 |
1 |
1.0000 |
1 |
|
|
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|
|
|
|
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|
|
|
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|
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|
|
Total |
3.21875 |
The indicator will collect and tally the different instances of the qualifying indicators taking place and generate a summation value to indicate the total strength of the impending move.
*** The bullish candle stick patterns should have a positive value of 1 and the bearish candle stick patterns should get a -1 value *****