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Re: MT4 Indicator requests and ideas

Zelias, Mon Jan 08, 2018 2:25 am

Hi Team,

Is there any indicator which can do the below/attached? If not, could you be kind enough to create one?

1. Create a channel of a Moving Average (SMA, EMA, etc) by the user choice, where:
- the Upper band is the X periods of the HIGHS of the chosen MA type
- the Lower band is the X periods of the LOWS of the chosen MA type

2. Have a second Moving Average (again SMA, EMA, etc) which is a single line of Y periods, where:
- Upon the MA line crossing the UPPER band of the Channel (point 1) to the UPSIDE an alert to BUY (i.e. Arrow Up) is generated
- Upon the MA line crossing the LOWER band of the Channel (point 1) to the DOWNSIDE an alert to SELL (i.e. Arrow Down) is generated

3. Have alerts in place as well.

Let me know if anything is unclear and I'll try to clarify.

Thank you in advance!
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