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Need A New Indicator, Seperated from What I have before that Can monitor and indicate when the exact formation is available
An Indicator that works on every time frame, sends Email,alert and push notifications and should be flexible to use with other indicators- working for both Sell and Buy SIGNALS.
Below are sample descriptions of how it works:
#1- Value to control Period for the MOVING AVERAGE
#2- Value to control SIZE of First Bar- BAR 1 (points)
#3- Value of DISTANCE X - Should be able to set Minimum point size
#4- Notifications trigger when all conditions are meant
More description with an example- For a SELL Notifications!
The follow Bars are set to happen below a SET MOVING AVERAGE(point.1)
We have A RED/BLACK BAR 1- Previously Closed Bar JUST CLOSED at #A - the Body Size of BAR 1 Must meet be above the set Minimum Bar size (Point no.2) before it can be considered.
An immediately a new CURRENT RED/BLACK BAR 0- ongoing Bar which must be OPEN @ #B - That is the level of #B must be below the Closed Level @#A
Now the DISTANCE between BAR 1-CLOSED #A minus BAR 0- OPEN #B is must be greater or equals to DISTANCE X- This value must be greater than or equals to the SET MINIMUM VALUE for X (point no.3)
In a simple EXAMPLE - If Body Size of BAR 1 is greater than set Minimum Bar size and
#A > #B, Then (#A - #B) must be greater than X
Distance X must have a minimum value allocated to it!
If after all format verified then,
Notification Trigger can take place after the BID Price crosses the OPEN -#B price! For a SELL
REVERSE IF FOR THE BUY SIGNAL WHICH WORKS WITH THE ASK PRICE!
PLEASE NOTE THAT NOTIFICATIONS MUST BE ABLE TO RUN WITHOUT the need to REFRESH or RELOAD IT AFTER 24 HOURS, this is main Reason am trying to do this from another Person
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