Custom Buy Sell Arrow Indicator, Based on Envelope Indicator with Dashbord in MT5

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Custom Buy Sell Arrow Indicator Based on Envelope Indicator with Dashbord in MT5



1.Buy Arrow with Sound : 

a. When Candle Low Bellow Lower Band & Candle Close above Envelope Upper Band

Note that Candle High=B1 + Max Candle Body<=30 Pip

b. If any Next Candle Closed above B1 then that candle High = B2

c. If any Next Candle Above B2+BufferPips Place Buy Arrow with Alert(Sound,Mail)


2. Sell Arrow with Sound: 

a. If Candle High Above Invelope Upper Band & Candle Close Bellow Envelope Lower Band 

Note that Low = S1 + Max Candle Body<=30 Pip

b. If any Next Candle Closed below S1 then note that candle Low = S2

c. If any Next Candle Below S2-BufferPips Place Sell Arrow with Alert(Sound,Mail)


3. Alerts should be Alternet(eg. No Buy after Buy)


Open Parameters

1. Period = 14

2. Deviation = 0.10

3. Method = LW

4. Apply to: Close

5. Max Candle Body=30 Pip

6. BufferPips= 3Pips

7. Target1=25Pip

8. Target2=50Pip

9. StopLoss=50Pip


Atractive DashBoard: Sample

BUY EURUSD@1.1200

Target1: 1.1225

Target2: 1.1250

StopLoss:1.1150



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