15053
by FREAKYG415
Good evening everyone,
I hope all are doing well in these crazy times. I am looking for a pretty specific indicator that tracks the recent highs and lows based on the following rules:
Most Recent Highs"
• An "up move" is when multiple consecutive candles continue passing a "most recent high".
• Working backwards from the last closed candle, as long as the high of a candle is lower than the high of the candle after it (the candle immediately to the right), all of those consecutive candles will be counted as part of the "up move". The lowest low of these candles will be counted as the "most recent low", UNLESS one of the candles that are part of the "up move" is an inside bar, then the "most recent low" will be the low of the inside bar candle.
• Inside bar candle is a candle that has both it's high and low inside of the high and low of the previous candle (the candle immediately to the left).
"Most Recent Lows"
• A "down move" is when multiple consecutive candles continue passing a "most recent low"
• Working backwards from the last closed candle, as long as the low of previous candle is higher than the low of the candle after it (the candle immediately to the right), all of those consecutive candles will be counted as part of the "down move". The highest high of these candles will be counted as the "most recent high" UNLESS one of these candles that are part of the down move is an inside bar then the "most recent high" will be the high of that inside bar candle.
• Inside bar candle is a candle that it's high and low are both inside of the high and low of the candle previous candle (the candle immediately to the left).
"Minor high/lows"
• Highs and lows based on the rules that are in between Most Recent Highs and Most Recent Lows.
The Indicator will:
• Mark Most Recent High and Most Recent Low with an extending line until its surpassed
• Alert when the Most Recent High/Low are surpassed at the close of the candle that surpasses the Most Recent High/Low
• Mark the Previous Most Recent High/Low.
• Mark Inside bars.
• Mark 1 Minor High and Low if they appear
Options to turn on/off minor highs/low, inside bars and alarm should be in the inputs.
The indicator in the end should look similar to the photos. In the jpg files:
-If a Most Recent Low is passed the Most Recent Lines should be red.
-If a Most Recent High is passed the Most Recent Lines should turn green.
-The Previous Most Recent High/Low are the dashed lines.
-The Minor High/Low are the solid white lines.
-The diamonds above the bars are inside bars based on the rules.
I will gladly pay someone to create this indicator if there is not one that anyone knows of currently. This a Higher High, Lower Low indicator that is based on price action alone. If anyone is able to help it would be greatly appreciated. In the meantime, thanks for your time. Take care.
V/r
-Bruce
Re: MT4 Indicator requests and ideas
Re: MT4 Indicator requests and ideas
