Indicator which draws 2 linies on close above and below the close prize

MQL5 Indicadores

Trabalho concluído

Tempo de execução 37 dias
Comentário do cliente
Developer cares great care of his client. Great job. Will order againif needed.
Comentário do desenvolvedor
Client values his developer's time. Especially when it comes to new requirements and budget adjustments!

Termos de Referência

Order of an indicator

indicator should draw a line above the high line and a line below the last close.
last close. Low line

Generally only CLOSE is reacted to.

The distance to the close should be adjustable in %, from 0.1 to 9.9 %.

The length of the line and color should be adjustable.


As soon as the indicator is drawn on the chart, the first lines should be drawn after the next close.
close the first lines should be drawn.

In general, the lines should be drawn to generate signals.

This means

The low lines must always be ascending
The high lines must always be descending.

If we have a close that is > the last close, we logically draw
first draw a higher high and a higher low line.

Now we check the next close

Close > last close means an uptrend and in this case we ignore the high line
the high line and only draw the new (higher) low line.

Likewise:

Close < last close means downtrend and we ignore in this case
the low line and only draw the (lower) high line.


Important:

The last Low line displayed must be the one with the highest value

The last high line shown must be the one with the lowest value.

At the beginning (before we have a higher or lower close)
both lines must be drawn.

Example picture attached (for simplification on a renkochart, since the higher and lower closes are in renko easiest to see)
 
However, the indicator should be drawn as normal in th

Translated with DeepL.com (free version)

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