Simple indicator based on Bollinger bands

MQL5 指标

指定

***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 middle location filter (Mid point of the 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%



3. Signal candle size filter - ON/OFF

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


4. Middle Bollinger Filter (ON/OFF) 

Buys:
For a Min of 'x' candles until the candle before the signal candle- the value of the middle bollinger band (in points) is equal to or getting higher

Sells:
For a Min of 'x' candles until the candle before the signal candle- the value of the middle bollinger band (in points) is equal to or getting lower


5. High/Low of Day Filter

Buys:
Low of signal candle must be equal to or lower than low of the day

Sells:
High of signal candle must be equal to or higher than high of the day


6. There is one final filter to add after all the above is completed first.




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