JohnL33 wrote: Mon Sep 15, 2025 1:56 am A! Retail

What It Does
This indicator builds a mini dashboard directly on your MT4 chart.
It checks 3 technical indicators (PSAR, RSI, Stochastic) on the M5 timeframe.
Each condition is displayed with a colored box:
Green (Lime) → Bullish condition.
Red → Bearish condition.
If all 3 indicators agree:
All Red → Shows a "BUY!!" signal.
All Green → Shows a "SELL!!" signal.

didichung wrote: Tue Sep 16, 2025 4:14 pm G'day Johnl33, could you confirm the blue text above? If it is correct, could you explain why, when there are 3 red boxes, it would show a BUY signal?

Many thanks
DC

The provided code is an MQL4 custom indicator that creates a simple on-chart dashboard displaying the current states of three technical indicators (Parabolic SAR, RSI, and Stochastic) as colored boxes, along with a persistent "BUY!!" or "SELL!!" signal label when all three align in a specific way. It's designed as a contrarian tool: it signals "BUY!!" when all indicators are bearish and "SELL!!" when all are bullish. The dashboard updates every 2 seconds via a timer, rather than on each new bar or tick.

### Does It Repaint?
No, this indicator does not repaint in the traditional sense. Repainting typically refers to an indicator altering its historical values or signals (e.g., on past closed bars) when new data arrives, which can invalidate backtesting or historical analysis. This code:
- Does not use indicator buffers or plot any historical lines, arrows, or signals on the chart.
- Only displays the current (real-time) state of the indicators and a latched signal via labels and rectangles.
- The signal ("BUY!!" or "SELL!!") latches when conditions are met and persists until the opposite condition occurs—it does not retroactively change or remove past displays.
- However, note that the colored boxes (representing the current indicator states) and potentially the signal can update multiple times *during the formation of the current M5 bar*, as the underlying calculations use shift 0 (live data). This is normal real-time behaviour for any non-repainting indicator that reacts to unfolding price action. Still, it doesn't qualify as repainting since no historical data is involved or altered.

### Does It Work on All Timeframes or Only a Specific One?
It can be attached to charts of any timeframe (e.g., M1, H1, D1), and it will function without issues. However, all underlying indicator calculations (PSAR, RSI, Stochastic) are hardcoded to use M5 (5-minute) data exclusively via `PERIOD_M5`. This means:
- The logic and displayed states are always based on the current M5 bar's data, regardless of the chart's timeframe.
- It does not adapt to or use data from the chart's native timeframe (except for the latest price via `Close[0]`, which is timeframe-agnostic and reflects the most recent tick).
- If attached to a non-M5 chart, the dashboard will still update based on M5 conditions, which could lead to timing mismatches (e.g., slower updates on higher timeframes like H1).

In summary, it's time frame-independent for attachment but time frame-specific (M5-only) in its core logic. If you want it to adapt to different timeframes, the code would need modification (e.g., replacing `PERIOD_M5` with `0` to use the chart's timeframe).

BeatlemaniaSA wrote: Tue Sep 16, 2025 4:27 pm Hi didichung,

Grok did an analysis, and this is the answer:

JohnL33 wrote: Wed Sep 17, 2025 12:35 am It's designed as a contrarian tool: it signals "BUY!!" when all indicators are bearish and "SELL!!" when all are bullish

That why i called it Retail...OB SELL OS BUY

Right pair+Timing+Tool =

JohnL33 wrote: Wed Sep 17, 2025 12:35 am It's designed as a contrarian tool: it signals "BUY!!" when all indicators are bearish and "SELL!!" when all are bullish

That why i called it Retail...OB SELL OS BUY

Right pair+Timing+Tool =

JohnL33 wrote: Mon Sep 15, 2025 1:56 am A! Retail

What It Does

This indicator builds a mini dashboard directly on your MT4 chart.

It checks 3 technical indicators (PSAR, RSI, Stochastic) on the M5 timeframe.

Each condition is displayed with a colored box:

Green (Lime) → Bullish condition.

Red → Bearish condition.

If all 3 indicators agree:

All Red → Shows a "BUY!!" signal.

All Green → Shows a "SELL!!" signal.

Once a signal appears, it stays on the chart until the opposite signal is confirmed.

Dashboard Layout

PSAR, RSI, STO → listed as text labels on the chart.

A box is drawn next to each label showing the current condition (Green = Bullish, Red = Bearish).

A big label shows "BUY!!" or "SELL!!" at a user-defined position.

Position is adjustable with SignalX and SignalY inputs.

Dashboard is always visible and refreshes every 2 seconds.