i will try...thank for infoAbdi wrote: Mon Jun 30, 2025 3:05 am Bro, have you tried google's Gemini Aistudio? Its not as good as Deep or cloude for example, but you get about 1 mil free tokens, so you have a lot of try's.
Re: Something interesting from Chatgpt/AI please post here
182I replace the indi with new one.Should working great on current candle tick by tick.Pls test and let me know.ROI wrote: Sun Jun 29, 2025 2:03 am Indicator has refresh issues. It does not update unless you push refresh.
Re: Something interesting from Chatgpt/AI please post here
183for me now Aistudio is my fav ai now..Straight away fal in love with their simplicity yet so accurate code.First time compile working perfect.Everyone should try and create something usefull for all.Thank You AbdiAbdi wrote: Mon Jun 30, 2025 3:05 am Bro, have you tried google's Gemini Aistudio? Its not as good as Deep or cloude for example, but you get about 1 mil free tokens, so you have a lot of try's.
Re: Something interesting from Chatgpt/AI please post here
184Happy to hear!JohnL33 wrote: Tue Jul 01, 2025 2:02 am for me now Aistudio is my fav ai now..Straight away fal in love with their simplicity yet so accurate code.First time compile working perfect.Everyone should try and create something usefull for all.Thank You Abdi
Do you use a set of promts or how you go about structuring your requests?
Re: Something interesting from Chatgpt/AI please post here
185Yes, it`s working, no problemos, thanks.JohnL33 wrote: Tue Jul 01, 2025 1:59 am I replace the indi with new one.Should working great on current candle tick by tick.Pls test and let me know.
Re: Something interesting from Chatgpt/AI please post here
186i just write whatever i want to create.Simple as possible.Try and error many times.No special Prompt.Just dont give up....Abdi wrote: Tue Jul 01, 2025 2:26 am Happy to hear!
Do you use a set of prompts or how you go about structuring your requests?
Re: Something interesting from Chatgpt/AI please post here
187A! Divergence_for_Many_Indicators_v4
I make it lighter version.Easy to change time frame.
Changes Made:
Removed the incorrect line from OnInit(): IndicatorSetInteger(INDICATOR_CALCULATIONS, max_bars_back);
Corrected the loop in OnCalculate() to respect the max_bars_back limit. I replaced the old line if(i > Bars - 50) with the correct logic.
I make it lighter version.Easy to change time frame.
Changes Made:
Removed the incorrect line from OnInit(): IndicatorSetInteger(INDICATOR_CALCULATIONS, max_bars_back);
Corrected the loop in OnCalculate() to respect the max_bars_back limit. I replaced the old line if(i > Bars - 50) with the correct logic.
Re: Something interesting from Chatgpt/AI please post here
188A! PumpDump_Strength_Meter
High-Level Summary
This is a complex, multi-timeframe, multi-indicator "dashboard" or "strength meter". Its primary goal is to analyze market sentiment across up to seven different timeframes (M1, M5, M15, M30, H1, H4, D1) using up to fourteen different technical indicators.
It then aggregates all this information, applies user-defined weights for each timeframe, and calculates a final "PUMP %" (Buy Strength) and "DUMP %" (Sell Strength). This result is displayed directly on the chart, and it can trigger alerts when these percentages cross user-defined thresholds.
Detailed Breakdown of Functionality
1. Core Concept: Aggregating Indicator Signals
The indicator's entire logic is based on a scoring system. For every technical indicator and every timeframe that the user enables in the settings:
It calculates the indicator's value.
It checks for a bullish or bearish condition (e.g., Is the Moving Average rising? Is the MACD line above the signal line? Is the RSI above 50?).
If the condition is bullish, a "buy" variable for that specific check gets a score of 1.
If the condition is bearish, a "sell" variable for that specific check gets a score of 1.
2. Technical Indicators Used
The indicator combines signals from a wide array of standard and custom indicators. The user can turn each of these on or off.
Moving Average (MA): Checks the slope of 3 different MAs (periods 5, 26, 52 by default).
Commodity Channel Index (CCI): Checks if the CCI value is positive (bullish) or negative (bearish).
Moving Average Convergence Divergence (MACD): Checks if the MACD main line is above or below its signal line.
Average Directional Index (ADX): Checks if the +DI line is above or below the -DI line.
Bulls Power: Checks if the value is positive (bullish) or negative.
Bears Power: Checks if the value is positive (bullish) or negative.
Stochastic Oscillator: Checks if the main line is above or below the signal line.
Relative Strength Index (RSI): Checks if the RSI is above or below 50.
Force Index (FORCE): Checks if the value is positive (bullish) or negative.
Momentum: Checks if the value is above or below 100.
DeMarker: Checks if the current value is higher or lower than the previous value (i.e., is it rising or falling).
Waddah Attar Explosion (Custom Indicator): This is a critical dependency. The indicator calls a separate custom indicator named Waddah_Attar_Explosion. This code will not work correctly unless the Waddah_Attar_Explosion.ex4 file is present in the MQL4/Indicators folder. It checks the direction of this custom indicator's lines.
3. Multi-Timeframe (MTF) Analysis & Weighting
The indicator performs all the above checks on up to 7 timeframes (M1, M5, M15, M30, H1, H4, D1).
The user can enable/disable each timeframe and, more importantly, assign a coefficient (weight) to each one.
For example, a user could give the H4 and D1 timeframes a higher weight than the M1 and M5 timeframes, making the final result more influenced by the longer-term trend.
4. Final Percentage Calculation
After collecting all the 1s and 0s for buy/sell signals:
It calculates a total weighted "buy" score by summing up all the "buy" signals, with each timeframe's contribution multiplied by its user-defined coefficient.
It calculates a total weighted "sell" score similarly.
It determines the maximum possible score (the total number of checks performed across all enabled indicators and timeframes).
The final "PUMP %" is (Total Weighted Buy Score / Maximum Possible Score) * 100.
The final "DUMP %" is simply 100 - PUMP %.
5. Alert System
The Alerts = true input enables pop-up alerts.
It checks two conditions on every new bar:
If PUMP % > Buy (where Buy is a user-defined threshold, default 100), it alerts "SELL!!!".
If DUMP % > Sell (where Sell is a user-defined threshold, default 100), it alerts "BUY!!!".
Important Note on Alert Logic: The logic is contrarian. A very high "PUMP" (buy) strength triggers a sell alert, suggesting the market is overbought. A very high "DUMP" (sell) strength triggers a buy alert, suggesting the market is oversold. This is a common reversal strategy.
Key extern (User) Inputs Explained
Window: Which window to draw on (0 is the main chart).
X_trend, Y_trend: X/Y position of the PUMP/DUMP display.
Alerts: Turn alerts on or off.
Conclusion
This is a powerful but complex "all-in-one" sentiment indicator. It attempts to provide a definitive buy/sell strength meter by consolidating a massive amount of technical data.
To use it, a trader must:
Have the Waddah_Attar_Explosion.ex4 indicator file.
Understand that the variable names are meaningless due to decompilation.
Carefully configure which indicators and timeframes they want to use and how much weight to give each timeframe.
Be aware that the alert system is designed for a contrarian/reversal trading style.
High-Level Summary
This is a complex, multi-timeframe, multi-indicator "dashboard" or "strength meter". Its primary goal is to analyze market sentiment across up to seven different timeframes (M1, M5, M15, M30, H1, H4, D1) using up to fourteen different technical indicators.
It then aggregates all this information, applies user-defined weights for each timeframe, and calculates a final "PUMP %" (Buy Strength) and "DUMP %" (Sell Strength). This result is displayed directly on the chart, and it can trigger alerts when these percentages cross user-defined thresholds.
Detailed Breakdown of Functionality
1. Core Concept: Aggregating Indicator Signals
The indicator's entire logic is based on a scoring system. For every technical indicator and every timeframe that the user enables in the settings:
It calculates the indicator's value.
It checks for a bullish or bearish condition (e.g., Is the Moving Average rising? Is the MACD line above the signal line? Is the RSI above 50?).
If the condition is bullish, a "buy" variable for that specific check gets a score of 1.
If the condition is bearish, a "sell" variable for that specific check gets a score of 1.
2. Technical Indicators Used
The indicator combines signals from a wide array of standard and custom indicators. The user can turn each of these on or off.
Moving Average (MA): Checks the slope of 3 different MAs (periods 5, 26, 52 by default).
Commodity Channel Index (CCI): Checks if the CCI value is positive (bullish) or negative (bearish).
Moving Average Convergence Divergence (MACD): Checks if the MACD main line is above or below its signal line.
Average Directional Index (ADX): Checks if the +DI line is above or below the -DI line.
Bulls Power: Checks if the value is positive (bullish) or negative.
Bears Power: Checks if the value is positive (bullish) or negative.
Stochastic Oscillator: Checks if the main line is above or below the signal line.
Relative Strength Index (RSI): Checks if the RSI is above or below 50.
Force Index (FORCE): Checks if the value is positive (bullish) or negative.
Momentum: Checks if the value is above or below 100.
DeMarker: Checks if the current value is higher or lower than the previous value (i.e., is it rising or falling).
Waddah Attar Explosion (Custom Indicator): This is a critical dependency. The indicator calls a separate custom indicator named Waddah_Attar_Explosion. This code will not work correctly unless the Waddah_Attar_Explosion.ex4 file is present in the MQL4/Indicators folder. It checks the direction of this custom indicator's lines.
3. Multi-Timeframe (MTF) Analysis & Weighting
The indicator performs all the above checks on up to 7 timeframes (M1, M5, M15, M30, H1, H4, D1).
The user can enable/disable each timeframe and, more importantly, assign a coefficient (weight) to each one.
For example, a user could give the H4 and D1 timeframes a higher weight than the M1 and M5 timeframes, making the final result more influenced by the longer-term trend.
4. Final Percentage Calculation
After collecting all the 1s and 0s for buy/sell signals:
It calculates a total weighted "buy" score by summing up all the "buy" signals, with each timeframe's contribution multiplied by its user-defined coefficient.
It calculates a total weighted "sell" score similarly.
It determines the maximum possible score (the total number of checks performed across all enabled indicators and timeframes).
The final "PUMP %" is (Total Weighted Buy Score / Maximum Possible Score) * 100.
The final "DUMP %" is simply 100 - PUMP %.
5. Alert System
The Alerts = true input enables pop-up alerts.
It checks two conditions on every new bar:
If PUMP % > Buy (where Buy is a user-defined threshold, default 100), it alerts "SELL!!!".
If DUMP % > Sell (where Sell is a user-defined threshold, default 100), it alerts "BUY!!!".
Important Note on Alert Logic: The logic is contrarian. A very high "PUMP" (buy) strength triggers a sell alert, suggesting the market is overbought. A very high "DUMP" (sell) strength triggers a buy alert, suggesting the market is oversold. This is a common reversal strategy.
Key extern (User) Inputs Explained
Window: Which window to draw on (0 is the main chart).
X_trend, Y_trend: X/Y position of the PUMP/DUMP display.
Alerts: Turn alerts on or off.
Conclusion
This is a powerful but complex "all-in-one" sentiment indicator. It attempts to provide a definitive buy/sell strength meter by consolidating a massive amount of technical data.
To use it, a trader must:
Have the Waddah_Attar_Explosion.ex4 indicator file.
Understand that the variable names are meaningless due to decompilation.
Carefully configure which indicators and timeframes they want to use and how much weight to give each timeframe.
Be aware that the alert system is designed for a contrarian/reversal trading style.
Re: Something interesting from Chatgpt/AI please post here
189A! Universal_Strength_Signal
Overall Summary
This MQL4 script is a Universal Currency Strength and Signal Indicator. Its primary purpose is to measure the overall strength of any currency you choose (the BaseCurrency) and then generate a simple BUY, SELL, or WAIT signal for any other financial instrument (the SignalSymbol).
It is designed to be a minimalist but powerful tool for traders who rely on correlation analysis. For example, you can use it to:
Measure AUD strength to get signals for XAUUSD (Gold).
Measure CAD strength to get signals for USOIL (Oil).
Measure EUR strength to get signals for EURUSD.
Measure JPY (a safe-haven) strength to get signals for a stock index like US30 during "risk-off" market conditions.
The on-screen display is clean and simple, showing only the calculated strength percentage and the resulting trade signal.
Core Functionality Explained
The indicator's logic can be broken down into two main steps:
1. Strength Calculation (The "Engine")
This is the most complex and important part of the indicator, handled by the calculateBaseCurrencyStrength() function.
Creates a Currency Basket: Instead of looking at just one pair, the indicator intelligently builds a "basket" of pairs to measure the BaseCurrency's strength. It does this by trying to pair your chosen BaseCurrency (e.g., "AUD") with all other major currencies (USD, EUR, GBP, JPY, etc.).
Finds Valid Pairs: It checks your broker's server to see which pairs actually exist. For example, it will find AUDUSD, EURAUD, GBPAUD, etc. This makes it robust and able to adapt to different brokers.
Measures Position-in-Range: For each valid pair in the basket, it calculates a strength score using the calculateAssetStrength() function. This formula measures where the current price is relative to the highest high and lowest low over the last Hours. A price near the high gets a high percentage; a price near the low gets a low percentage.
Isolates the Base Currency: This is the crucial step.
If the BaseCurrency is first in the pair (e.g., AUD in AUDUSD), the indicator uses the strength percentage directly.
If the BaseCurrency is second in the pair (e.g., AUD in EURAUD), the indicator uses the inverse percentage (100 - strength). This correctly attributes strength. For example, if EURAUD is falling, it means AUD is strong, and this inverse logic captures that.
Averages the Score: Finally, it averages the scores from all the pairs in the basket to produce one final, stable strength percentage for your BaseCurrency.
2. Signal Generation (The "Output")
This part is simple and direct:
The final strength percentage is compared against the BuyThreshold and SellThreshold you set.
If Strength >= BuyThreshold, it displays a BUY signal.
If Strength <= SellThreshold, it displays a SELL signal.
If the strength is between the two thresholds, it displays a WAIT signal.
Analysis of User Inputs (extern variables)
This indicator is highly customizable through its inputs.
BaseCurrency: The most important input. Type the 3-letter code of the currency whose strength you want to measure (e.g., "AUD", "EUR", "JPY").
SignalSymbol: The symbol you want the trade signal for. Can be a forex pair, commodity, or index (e.g., "XAU", "US30", "GBPUSD").
Hours: Controls the lookback period for the strength calculation. A smaller number (e.g., 1) makes the indicator very responsive and short-term. A larger number (e.g., 8) makes it a slower, more trend-focused tool.
BuyThreshold / SellThreshold: These control the sensitivity of the signals. Values closer to 50 (e.g., 60 and 40) will generate more signals. Values further from 50 (e.g., 80 and 20) will generate fewer, but potentially more significant, signals for extreme strength or weakness.
Indicator_ID (Magic Number): This is a critical feature. It allows you to run multiple copies of the indicator on the same chart. You must set a different ID for each instance. For example, you can have one instance with Hours = 1 and Indicator_ID = 1111 for a short-term view, and a second instance with Hours = 8 and Indicator_ID = 2222 for a long-term view.
Display & Color Inputs: The rest of the inputs allow you to fully customize the position, font, size, and colors of the text on your chart to match your template.
How to Use in Trading
This is not a standalone "blindly follow" system. It is a professional confirmation tool.
As a Confirmation Tool: The best use case. Do your own analysis on a chart (e.g., XAUUSD). If your analysis suggests a buy, check the indicator. If it also shows XAU BUY with a high AUD strength, it provides strong confirmation for your trade.
For Divergence Trading: An advanced technique. If the SignalSymbol is making a new high, but the BaseCurrency strength is falling, this is a bearish divergence and could signal a potential reversal.
To Gauge Market Sentiment: By setting the BaseCurrency to a risk-on currency like "AUD" or a risk-off currency like "JPY", you can get a quick reading of the overall market mood.
Code Quality
The code is well-structured and robust.
Modularity: Each task (calculating strength, updating the display) is separated into its own function.
Dynamic Object Naming: The use of Indicator_ID to create unique object names is the correct way to implement multi-instance capability.
Error Handling: It checks if symbols exist on the broker's server before trying to use them, preventing errors and crashes.
Overall Summary
This MQL4 script is a Universal Currency Strength and Signal Indicator. Its primary purpose is to measure the overall strength of any currency you choose (the BaseCurrency) and then generate a simple BUY, SELL, or WAIT signal for any other financial instrument (the SignalSymbol).
It is designed to be a minimalist but powerful tool for traders who rely on correlation analysis. For example, you can use it to:
Measure AUD strength to get signals for XAUUSD (Gold).
Measure CAD strength to get signals for USOIL (Oil).
Measure EUR strength to get signals for EURUSD.
Measure JPY (a safe-haven) strength to get signals for a stock index like US30 during "risk-off" market conditions.
The on-screen display is clean and simple, showing only the calculated strength percentage and the resulting trade signal.
Core Functionality Explained
The indicator's logic can be broken down into two main steps:
1. Strength Calculation (The "Engine")
This is the most complex and important part of the indicator, handled by the calculateBaseCurrencyStrength() function.
Creates a Currency Basket: Instead of looking at just one pair, the indicator intelligently builds a "basket" of pairs to measure the BaseCurrency's strength. It does this by trying to pair your chosen BaseCurrency (e.g., "AUD") with all other major currencies (USD, EUR, GBP, JPY, etc.).
Finds Valid Pairs: It checks your broker's server to see which pairs actually exist. For example, it will find AUDUSD, EURAUD, GBPAUD, etc. This makes it robust and able to adapt to different brokers.
Measures Position-in-Range: For each valid pair in the basket, it calculates a strength score using the calculateAssetStrength() function. This formula measures where the current price is relative to the highest high and lowest low over the last Hours. A price near the high gets a high percentage; a price near the low gets a low percentage.
Isolates the Base Currency: This is the crucial step.
If the BaseCurrency is first in the pair (e.g., AUD in AUDUSD), the indicator uses the strength percentage directly.
If the BaseCurrency is second in the pair (e.g., AUD in EURAUD), the indicator uses the inverse percentage (100 - strength). This correctly attributes strength. For example, if EURAUD is falling, it means AUD is strong, and this inverse logic captures that.
Averages the Score: Finally, it averages the scores from all the pairs in the basket to produce one final, stable strength percentage for your BaseCurrency.
2. Signal Generation (The "Output")
This part is simple and direct:
The final strength percentage is compared against the BuyThreshold and SellThreshold you set.
If Strength >= BuyThreshold, it displays a BUY signal.
If Strength <= SellThreshold, it displays a SELL signal.
If the strength is between the two thresholds, it displays a WAIT signal.
Analysis of User Inputs (extern variables)
This indicator is highly customizable through its inputs.
BaseCurrency: The most important input. Type the 3-letter code of the currency whose strength you want to measure (e.g., "AUD", "EUR", "JPY").
SignalSymbol: The symbol you want the trade signal for. Can be a forex pair, commodity, or index (e.g., "XAU", "US30", "GBPUSD").
Hours: Controls the lookback period for the strength calculation. A smaller number (e.g., 1) makes the indicator very responsive and short-term. A larger number (e.g., 8) makes it a slower, more trend-focused tool.
BuyThreshold / SellThreshold: These control the sensitivity of the signals. Values closer to 50 (e.g., 60 and 40) will generate more signals. Values further from 50 (e.g., 80 and 20) will generate fewer, but potentially more significant, signals for extreme strength or weakness.
Indicator_ID (Magic Number): This is a critical feature. It allows you to run multiple copies of the indicator on the same chart. You must set a different ID for each instance. For example, you can have one instance with Hours = 1 and Indicator_ID = 1111 for a short-term view, and a second instance with Hours = 8 and Indicator_ID = 2222 for a long-term view.
Display & Color Inputs: The rest of the inputs allow you to fully customize the position, font, size, and colors of the text on your chart to match your template.
How to Use in Trading
This is not a standalone "blindly follow" system. It is a professional confirmation tool.
As a Confirmation Tool: The best use case. Do your own analysis on a chart (e.g., XAUUSD). If your analysis suggests a buy, check the indicator. If it also shows XAU BUY with a high AUD strength, it provides strong confirmation for your trade.
For Divergence Trading: An advanced technique. If the SignalSymbol is making a new high, but the BaseCurrency strength is falling, this is a bearish divergence and could signal a potential reversal.
To Gauge Market Sentiment: By setting the BaseCurrency to a risk-on currency like "AUD" or a risk-off currency like "JPY", you can get a quick reading of the overall market mood.
Code Quality
The code is well-structured and robust.
Modularity: Each task (calculating strength, updating the display) is separated into its own function.
Dynamic Object Naming: The use of Indicator_ID to create unique object names is the correct way to implement multi-instance capability.
Error Handling: It checks if symbols exist on the broker's server before trying to use them, preventing errors and crashes.
- These users thanked the author JohnL33 for the post (total 4):
- didichung, Nik123, Krunal Gajjar, Abdi
Re: Something interesting from Chatgpt/AI please post here
190A! Extreme_Pullback
1. High-Level Summary
Name: A! Extreme_Pullback.mq4
Type: MT4 Indicator
Function: It is a scanner and dashboard. It does not draw continuous lines like a moving average. Instead, it scans multiple currency pairs and timeframes for a specific trading signal and displays the results as a text list on your chart. It can also provide pop-up alerts and draw arrows for confirmed signals.
Core Strategy: The indicator looks for pullbacks to Bollinger Bands in an established trend, which is defined by a long-term Exponential Moving Average (EMA).
2. The Core Trading Strategy
The indicator's logic is divided into a Setup condition and optional Confirmation conditions.
Setup Condition (Checked on the most recently closed candle, bar 1)
The indicator first identifies a potential setup on the candle that has just finished forming.
Buy Setup:
The long-term trend is considered UP. This is determined by the price being above the EMA_Period (e.g., 200 EMA). The specific check is ema_value_1 < low_1, meaning the entire candle is above the EMA.
There is a sharp pullback. This is identified when the low of the candle (low_1) touches or breaks below the lower Bollinger Band (bb_lower_1).
In short: The market is in an uptrend, but the price has pulled back aggressively to an extreme level (the lower band).
Sell Setup:
The long-term trend is considered DOWN. This is determined by the price being below the EMA_Period. The specific check is ema_value_1 > high_1, meaning the entire candle is below the EMA.
There is a sharp pullback (rally). This is identified when the high of the candle (high_1) touches or breaks above the upper Bollinger Band (bb_upper_1).
In short: The market is in a downtrend, but the price has rallied aggressively to an extreme level (the upper band).
Confirmation Conditions (Optional, checked on the current forming candle, bar 0)
If a setup is found, the indicator can optionally wait for further confirmation before generating a signal.
RSI Filter (Require_RSI_Filter):
For a Buy signal, the RSI on the setup candle must be in the "Oversold" zone (e.g., below 30).
For a Sell signal, the RSI on the setup candle must be in the "Overbought" zone (e.g., above 70).
Candle Confirmation (Require_Candle_Confirmation):
This is a crucial detail: this confirmation is checked on the current, live candle (shift = 0).
For a Buy signal, the current candle must form a Bullish Pin Bar (also known as a Hammer), indicating buying pressure is returning.
For a Sell signal, the current candle must form a Bearish Pin Bar (also known as a Shooting Star), indicating selling pressure is returning.
A signal is only displayed/alerted when the Setup is valid AND all enabled Confirmation conditions are met.
1. High-Level Summary
Name: A! Extreme_Pullback.mq4
Type: MT4 Indicator
Function: It is a scanner and dashboard. It does not draw continuous lines like a moving average. Instead, it scans multiple currency pairs and timeframes for a specific trading signal and displays the results as a text list on your chart. It can also provide pop-up alerts and draw arrows for confirmed signals.
Core Strategy: The indicator looks for pullbacks to Bollinger Bands in an established trend, which is defined by a long-term Exponential Moving Average (EMA).
2. The Core Trading Strategy
The indicator's logic is divided into a Setup condition and optional Confirmation conditions.
Setup Condition (Checked on the most recently closed candle, bar 1)
The indicator first identifies a potential setup on the candle that has just finished forming.
Buy Setup:
The long-term trend is considered UP. This is determined by the price being above the EMA_Period (e.g., 200 EMA). The specific check is ema_value_1 < low_1, meaning the entire candle is above the EMA.
There is a sharp pullback. This is identified when the low of the candle (low_1) touches or breaks below the lower Bollinger Band (bb_lower_1).
In short: The market is in an uptrend, but the price has pulled back aggressively to an extreme level (the lower band).
Sell Setup:
The long-term trend is considered DOWN. This is determined by the price being below the EMA_Period. The specific check is ema_value_1 > high_1, meaning the entire candle is below the EMA.
There is a sharp pullback (rally). This is identified when the high of the candle (high_1) touches or breaks above the upper Bollinger Band (bb_upper_1).
In short: The market is in a downtrend, but the price has rallied aggressively to an extreme level (the upper band).
Confirmation Conditions (Optional, checked on the current forming candle, bar 0)
If a setup is found, the indicator can optionally wait for further confirmation before generating a signal.
RSI Filter (Require_RSI_Filter):
For a Buy signal, the RSI on the setup candle must be in the "Oversold" zone (e.g., below 30).
For a Sell signal, the RSI on the setup candle must be in the "Overbought" zone (e.g., above 70).
Candle Confirmation (Require_Candle_Confirmation):
This is a crucial detail: this confirmation is checked on the current, live candle (shift = 0).
For a Buy signal, the current candle must form a Bullish Pin Bar (also known as a Hammer), indicating buying pressure is returning.
For a Sell signal, the current candle must form a Bearish Pin Bar (also known as a Shooting Star), indicating selling pressure is returning.
A signal is only displayed/alerted when the Setup is valid AND all enabled Confirmation conditions are met.