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Indicator : Reversal of the triggercandle

MQL4 Göstergeler Uzmanlar

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Reversal of the triggercandle

To be used in GOLD

I like an indicator that starts counting candles after a triggercandle. A triggercandle is made if the prices has moved more than X points within Y timeframe. When the requirements are met the indicator counts the following X bars (countbars). If one of the following bars (countbars) moves above the high of triggerbar, the count will start over again. If a countbar moves below Z points of the high of the original triggerbar then system should give an alarm/mail. This should be done ONLY if it’s the N th countbar or more. Not if its within countbar less than N

I have a bit more explanation and some examples.

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