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HI
i want to build an indicator to signal buy and sell with an arrow and a text with system alerts and SL\TP lines that i can upload to mql market
i want it to take the signal based on 2 indicators :
- zigzag
- pivot points
zigzag parameters:
- depth 50
- deviation 25
- back step 3
pivot points:
traditional
time frame (current ' 1 min to 1 month)
conditions for sell signal :
- reaching a zigzag's high
- closing (number) candles below the zigzag high
SELL SIGNAL HAPPENS WHEN :
(Crossing ' touching ' closing below) any pivot point (PP ' S1 - 5 ' R1 - 5)
conditions for buy signals :
- reaching a zigzag's low
- closing (number) candles above the zigzag low
BUY SIGNAL HAPPENS WHEN :
(Crossing ' touching ' closing above) any pivot point (PP ' S1 - 5 ' R1 - 5)
SL LINE :
calculated based on ATR as soon as the signal appear
SL = ATR * (number)
additional line parameters :
- line style ((solid ' dash ' dot dash ' dot dot dash))
- line color
- use price label
- label size
- use text (SL) font
- font size
TP line :
calculated based on RRR
additional line parameters :
- line style ((solid ' dash ' dot dash ' dot dot dash))
- line color
- use price label
- label size
- use text (TP) font
- font size
ADDITIONAL FUNCTION
- ability to show or hide historical signals
- calculating pips for a signal till SL or TP
- show statistics on the side of the chart for (how many sell and buy signals ' how many pips made by signals )
- choose a look back period for statistics (1 week ' 1 month ' 3 months ' 6 months)
- show (FXAM academy) as a logo on the chart
- ability to show and hide the statistics box
- alert to get ready for a signal example (pair name ' time frame ' (number)Candlesticks closed (below ' above) zigzag GET READY TO TRADE)
- alert for a signal example ( pair name ' time frame (touching ' crossing ' closing ) above or below a pivot ) SELL ' BUY NOW )
- alert for SL (( pair name ' time frame) SL line hit ' MISSION FAILED WE'LL GET THEM NEXT TIME )
- alert for TP (( pair name ' time frame) TP line hit ' MISSION SUCCESSFUL )
I aim to build an indicator that is :
- RELIABLE
- EASY TO USE
- LOOK GOOD AND SIMPLE
any other details we'll discuss later if i was lucky enough to work with you