Description:
This indicator will generate historical signals and real time alerts when the following conditions are met:
BUY:
1. ADX IS INCREASING IN PAST 2 BARS
2. DMI POSITIVE> DMI NEGATIVE
3. CCI > BUY LEVEL IN PAST 3 BARS
4. APPEARANCE OF NEW SUPPORT FRACTAL(DOWN FRACTAL)
SELL:
1. ADX IS INCREACING IN PAST 2 BARS
2. DMI NEGATIVE> DMI POSITIVE
3. CCI < SELL LEVEL IN PAST 3 BARS
4. APPEARANCE OF NEW RESISTANCE FRACTAL(UP FRACTAL)
Please note that the present indicator does the calculations and display the Buy/Sell Signals, but since there are indicators being used in separate windows and the main chart, a visual representation cannot be provided due to platform restrictions. This means the user needs to attach each of the indicators (ADX, CCI and Fractals - the 3 of them within the MT4 default indicators) to visualize what the alerts are telling.
ADX_Fractal_Signals.mq4- (4.68 KiB) Downloaded 928 times
