Hello, could you please create an MT4 indicator based on the following?
Example:
Requirements:
1. The candle which penetrates the prior low must form the new low
2. The new drive low must close above the prior drive low (OR the next candle must close above the prior drive low)
3. Minimum one candle separation between each drive
4. Each drive low should print an UP arrow accordingly (correction)
5. Configurable look-back period
6. MTF
Optional setting #1: the low of each drive should print a horizontal ray for a configurable number of candles
Optional setting #2: after drive2 has formed (and 1-additional candle has closed without penetrating drive2 low) - enable notification of "potential 3rd drive"
Optional setting #3: after drive3 has formed - enable notification "3rd drive completed w/o confirmation"
Optional setting #4: after drive3 has formed (and 1-additional candle has closed without penetrating drive3 low) - enable notification "3rd drive completed"
NOTE: the opposite pattern (bearish 3-drives) should also be configurable based on the same (inverse) logic.
Thanks in advance!