Page 1 of 1

Need Help to create MT4 indicator

Posted: Fri Feb 26, 2021 11:06 pm
by rider2027
Hi Forex Station Family

I need help to make an mt4 indicator with below information... thanks a lot

Code: Select all

Force Index(1) = {Close (current period)  –  Close (prior period)} x Volume =gain +/- I call it FI out value
FI (20) = 20 - period EMA of Force Index(1)
--------------------------------
Twin Evil indicator=first line blue color
100− [ 1+ −((Previous Average Loss FI ×20) + Current Loss)
(Previous Average Gain FI ×20) + Current Gain /100 ] = output value (0-100)
Second line Red color on previous output data
100− [ 1+ −((Previous Average Loss ×20) + Current Loss)
(Previous Average Gain FI ×20) + Current Gain /100 ] = output value (0-100)

Adding standard deviation calculation
BOLU=MA(TP,n)+m∗σ[TP,n]
BOLD=MA(TP,n)−m∗σ[TP,n]
where:
BOLU=Upper Bollinger Band
BOLD=Lower Bollinger Band
MA=Moving average
TP (typical price)=(High+Low+Close)÷3
n=Number of period (here put 21 then repeat the process with 40 ) in smoothing period (typically 20)
m=Number of standard deviations (typically 1.5)
σ[TP,n]=Standard Deviation over last n periods of TP

Re: Need Help to create MT4 indicator

Posted: Fri Feb 26, 2021 11:41 pm
by moey_dw
rider2027 wrote: Fri Feb 26, 2021 11:06 pm I need help to make an mt4 indicator with below information... thanks a lot

Re: Need Help to create MT4 indicator

Posted: Fri Feb 26, 2021 11:45 pm
by Jimmy
rider2027 wrote: Fri Feb 26, 2021 11:06 pm Hi Forex Station Family

I need help to make an mt4 indicator with below information... thanks a lot
Hang on mate, so you want someone to guide you on how to code an indicator with the information you've copied and pasted? Or you want someone to code a new indicator based on what's below?

Sorry but this is the type of post that is considered "Low Quality". No information, just vague and mumbo jumbo. We usually delete posts like this so please take the time to provide proper information in future and post in the correct section.

As this looks like a request for work, there's no reason for a whole topic to be opened (we have other threads for that).