Bank Indicator

[mennzz]

Hi Programmers,

Please can you do the following request.
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INDICATORS/SETTINGS:
-TMACD: 2,10,


-A SELL SIGNAL SHOULD BE GIVEN:
When there is bearish divergence on the TMACD Indicator and the current TMACD bar goes lower than the previous bar candle.

-A SELL SIGNAL SHOULD BE GIVEN:
When there is bullish divergence on the TMACD Indicator and the current TMACD bar goes higher than the previous bar.

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The signals should be an indicator, so I don't have to see just dots from SHOWSIGNAL. And, There should be GREEN and RED arrows. RED arrow is for a SHORT(sell) trade. GREEN arrow is for a LONG(buy) trade.

The signal should not be given until the TMACD bar is closed, and is sure that it went lower, or higher than the previous bar.
--

Thank you so much!

NOTE: If you can't quite understand what I'm saying, tell me, and I'll try to explain better...

[Apprentice]

Added to the development cue.

[Apprentice]

This is the first version.
Algorithm for detection needs a little work.

Second, the exact determination of the period for testing on the Price Chart is not easy to define.

TMACD Divergence.lua

(6.48 KiB) Downloaded 487 times

[mennzz]

Very nice... I'm looking forward to the full version.

(Also, Make sure that there are signals every time there is divergence and the required setup is met... Cause I don't see it... But, It's just the first version right? Lol..

Hope this is the 'Holy Grain' to trading...

Thank you...

[briansummy]

Beta.png

This is the first version.
Algorithm for detection needs a little work.

Second, the exact determination of the period for testing on the Price Chart is not easy to define.

TMACD Divergence.lua

Can you also develop the same concept to the Williams Pro Go indicator?

[Apprentice]

Try This version
viewtopic.php?f=17&t=22685&p=39617#p39617

[jacryptoking]

Can I have this in meta trader 5 .

Thanks would love to try this on meta trader platform..

[Apprentice]

Your request is added to the development list.
Development reference 65.