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Re: MT4 Indicator requests and ideas

Zyzel, Thu Feb 04, 2021 1:29 pm

Hi Mr Tools :)

I have an idea for an alert/notification indicator.

Could you code an indicator with 2 inputs as follows? :
1) Input 1 = Number of pips movement
2) Input 2 = Lookback bar calculation

The purpose of this indicator is to notify us, when there is significant price movement in the market. The idea of this indicator can be used to help prepare for entry either to
1)trade with outbreak/momentum/ trend
2)trading with for reversal upon hitting S&R

Example shown in screenshot in M1 TF below:
Let me know if there is such indicator that have already exist or whether it is possible to be coded.

Thank you very much!

-Zyzel
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