MT4 Signal Indicator private indicator
Created on Wednesday, September 21, 2022 2:35 AM
//@version=3
study(shorttitle="Best Buy and Sell", title="Best_Buy and Sell", overlay=true)
// === INPUTS ===
// Bollinger Bands Inputs
bb_use_ema = input(false, title="Use EMA for Bollinger Band")
bb_length = input(42, minval=1, title="Bollinger Length")
bb_source = input(close, title="Bollinger Source")
bb_mult = input(2.0, title="Base Multiplier", minval=0.5, maxval=10)
// EMA inputs
fast_ma_len = input(10, title="Fast EMA length", minval=2)
// Awesome Inputs
nLengthSlow = input(77, minval=1, title="Awesome Length Slow")
nLengthFast = input(10, minval=1, title="Awesome Length Fast")
// === /INPUTS ===
// Breakout Indicator Inputs
bb_basis = bb_use_ema ? ema(bb_source, bb_length) : sma(bb_source, bb_length)
fast_ma = ema(bb_source, fast_ma_len)
// Deviation
// * I'm sure there's a way I could write some of this cleaner, but meh.
dev = stdev(bb_source, bb_length)
bb_dev_inner = bb_mult * dev
// Upper bands
inner_high = bb_basis + bb_dev_inner
// Lower Bands
inner_low = bb_basis - bb_dev_inner
// Calculate Awesome Oscillator
xSMA1_hl2 = sma(hl2, nLengthFast)
xSMA2_hl2 = sma(hl2, nLengthSlow)
xSMA1_SMA2 = xSMA1_hl2 - xSMA2_hl2
// Calculate direction of AO
AO = xSMA1_SMA2>=0? xSMA1_SMA2 > xSMA1_SMA2[1] ? 1 : 2 : xSMA1_SMA2 > xSMA1_SMA2[1] ? -1 : -2
// Deternine if we are currently LONG
isLong = false
isLong := nz(isLong[1], false)
// Determine if we are currently SHORT
isShort = false
isShort := nz(isShort[1], false)
// Buy only if the buy signal is triggered and we are not already long
LONG = not isLong and (crossover(fast_ma, bb_basis) and close > bb_basis and abs(AO)==1)
c_green = (fast_ma > bb_basis)
// Sell only if the sell signal is triggered and we are not already short
SHORT= not isShort and (crossunder(fast_ma, bb_basis) and close < bb_basis and abs(AO)==2)
c_red = (fast_ma < bb_basis)
if (LONG)
isLong := true
isShort := false
barcolor(LONG? green: na)
if (SHORT)
isLong := false
isShort := true
barcolor(c_green ? green : na)
barcolor(c_red ? red : na)
// Show Break Alerts
plotshape(SHORT, title="Sell", style=shape.labeldown, location=location.abovebar, size=size.normal, text="Sell", transp=0, textcolor = white, color=red, transp=0)
plotshape(LONG, title="Buy", style=shape.labelup, location=location.belowbar, size=size.normal, text="Buy", textcolor = white, color=green, transp=0)
// === /PLOTTING ===
// Send alert to TV alarm sub-system
alertcondition(LONG,title="Buy",message="Buy")
alertcondition(LONG,title="Buy",message="Buy")
alertcondition(LONG,title="Buy",message="Buy")
alertcondition(SHORT,title="Sell",message="Sell")
// eof
This indicator can be used as a signal provider for the Foxzard Trader Expert Advisor.
LOADING
Buy Conditions
Sell Conditions
Condition 1
Stochastic Signal
%K:5 %D:3 Slowing:3 MA Method:Simple Price Field:Low/High
points Up
%K:5 %D:3 Slowing:3 MA Method:Simple Price Field:Low/High
points Up
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To use this custom indicator on Metatrader 4 platform you need:
- Download the MT4 version of this indicator and copy it into your metatrader experts/indicators folder.
- Restart your Metatrader 4 terminal.
- Indicator will appear under Custom Indicators section. Attach the indicator on the chart.
To use this signal pine script on TradingView platform you need:
- Download the pinescript version of this signal.
- Open the downloaded text file and copy contents into the tradingview script editor.
- Click the "Add to Chart" button.
Use it at your own risk!
This indicator was created by one of our visitors. You can create your own indicator like this one using your rules and logic.Also you can use this indicator as a base to create your own. Click to create your own indicator from this one.