Indicator based on bollinger bands

MQL5 Göstergeler

İş Gereklilikleri

***Need to create an indicator and then EA after this job is completed.

***You will see '%' below, this is based on the level of the bollinger bands. The top bollinger band is 100% and bottom bollinger band is 0%.

***Some of the filters below may need more explanation, happy to explain separately to you



Instructions:

Buys & Sell signals will be based on these filters:



Filters:

1. Location setting for signal candle

Buys:

High above x%

High below x%

Low above x%

Low below x%



Sells:

High above x%

High below x%

Low above x%

Low below x%



2. Signal candle size filter - ON/OFF

Max size of signal candle is 'x%' based on size of bollinger band at time of signal candle



3. Middle Bollinger Filter (ON/OFF) 

Buys:
At exactly the 'xth' candle before the signal candle- the value of the middle bollinger band is lower than the signal candle

Sells:
At exactly the 'xth' candle before the signal candle- the value of the middle bollinger band is higher than the signal candle


4. Middle Bollinger Filter 2 (ON/OFF) 

Buys:
For a min of 'x' candles, starting from 'y' candles before the signal candle, the middle bollinger band is equal to or decreasing in value

Sells:
For a min of 'x' candles, starting from 'y' candles before the signal candle, the middle bollinger band is equal to or increasing in value



5. High/Low of Day Filter (only works when filter '4' is ON)
Buys:
Indicator will check the highest point price has been over the full range of candles (not just the minimum) filtered by the 'Middle Bollinger Filter 2' and check if this is the high of the day

Sells:
Indicator will check the lowest point price has been over the full range of candles (not just the minimum) filtered by the 'Middle Bollinger Filter 2' and check if this is the low of the day

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