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

To download this signal indicator you need to login.

Register if you don't have an account.

or login with your social account

To use this custom indicator on Metatrader 4 platform you need:

  1. Download the MT4 version of this indicator and copy it into your metatrader experts/indicators folder.
  2. Restart your Metatrader 4 terminal.
  3. Indicator will appear under Custom Indicators section. Attach the indicator on the chart.

To use this signal pine script on TradingView platform you need:

  1. Download the pinescript version of this signal.
  2. Open the downloaded text file and copy contents into the tradingview script editor.
  3. 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.