I would like to request the following indicator to be developed, if possible:
The indicator to print/display information on a chart in top-Right corner (as per screenshot below):
The following info to display:
Prior Period Range
Periods – n periods (excluding current in-progress candle)
Range High – highest high of last n periods (Range_High)
Range Low – lowest low of last n periods (Range_Low)
Range Close – Close of last full candle ( last_full_candle_close)
Long / Short
Entry - Entry(Long) - Entry(Short)
Stop - Stop(Long) (x,x pips) - Stop(Short) (x,x pips)
Limit - Limit(Long) (-x,x pips) - Limit(Short) (-x,x pips)
Indicator Variable Parameters:
Number of Periods (default = 24)
Position% (default = 25)
Risk/Reward (default = 1)
Calculations:
Entry(Long) = last_full_candle_close + ((Range_High – Range_Low) * Position%)
Entry(Short) = last_full_candle_close – ((Range_High – Range_Low) * Position%)
Stop(Long) = Entry(Long) – ((Range_High – Range_Low) * Position%)
Stop(Short) = Entry(Short) + ((Range_High – Range_Low) * Position%)
Limit(Long) = Entry(Long) + (((Range_High – Range_Low) * Position%) * Risk/Reward)
Limit(Short) = Entry(Short) - (((Range_High – Range_Low) * Position%) * Risk/Reward)
I hope this makes sense. If not, please let me know and I will try and explain...
Thank you,