I have a EmaCross.mq4 indicator which i pasting as attachment.
Please modify the code to display the following information and name it Emacross_v2.mq4
The information will be displayed in two seperate lines, just below the Blue Buy Arrow and just above the Red Sell Arrow
1st line: SP(Signal Price): "Buy@" or "Sell@"
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Price at which Buy/Sell signal is generated.
Displayed in Blue if the signal is Buy
Displayed in Red if the signal is Sell
2nd Line: P/L(Profit/Loss): "Profit-" or "Loss-" (value in points of symbol/instrument the indicator is placed to make it universal on both forex/stocks/cryto any instrument)
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Displayed in Blue if Profit
Displayed in Red with a negative sign if Loss
Usage of this Indicator
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To understand the calculation of the Profit/Loss i am describing how the indicator is used for trading.
Every Time a Buy Signal is displayed a previous Short Trade is closed at the current Buy Price and a new Long Trade is opened similary, every time Sell Signal is displayed a previous Long Trade is closed at the current Sell price and a new Short Position is opened.
Calculation of Profit/Loss:
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At Buy Signal: Last Signal Price minus Current Signal Price
if last signal(Sell Price) > current signal(Buy Price) - Profit
if last signal(Sell Price) < current signal(Buy Price) - Loss
eg calculation:
Current Buy Signal Price = 200
if last signal(Sell Price) = 120, then 120 - 200 = -80 (Loss)
if last signal(Buy Price) = 250 then 250 - 200 = 50 (Profit)
At Sell Signal: Current Signal Price minus Last Signal Price
if last signal(Buy Price) > current signal(Sell Price) - Loss
if last signal(Buy Price) < current signal(Sell Price) - Profit
eg. calculation:
Current Signal(Sell Price) = 200
if Last Signal (Buy Price) = 120, then 200 - 120 = 80 (Profit)
if Last Signal(Buy Price) = 250, then 200 - 250 - -50 (Loss)
The P/L are calculated and displayed with all the Buy/Sell signals generated by the indicator for the entire historical data available/loaded in MT4
I have attached screenshot of a similar mt4 indicator for reference.
P.S
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Please dont add any extra features to the indicator(i.e. inputal program, telegram etc) to the indicator, only the above requested modification, i want the indicator to be very simple and uncomplicated to understand
EmaCross.mq4- (3.79 KiB) Downloaded 130 times
