Arrow and Alert indicator based on price action

Simple indicator that 1) puts arrow on screen and 2) Provide screen alert/email option

Logic:

Green bar = bar where Price of close > Price of open

Red bar = bar where Price of close < Price of Open

Variable Buffer = X

H1 = Identify the high price of first red bar (if many back to back red bar exists)

H2 = High Price of bar before the first red bar

H = highest between H1 and H2

If [(close price – H) > Buffer]

Put an up green arrow below the bar and put an alert(“Pair @ timeframe is up”). And reset count.

L1 = identify the lowest price of first green bar (if many back to back green bar exists)

L2 = Lowest price of the bar before the first green bar

L = lowest between L1 and L2

If [(L - close price) > Buffer]

Put a down red arrow above the bar and put an alert(“Pair @ timeframe is down”). And reset count.