Price Action Divergence candles 2 fx pairs

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Price Action Divergence candles 2 fx pairs

Postby Bowling » Sat Oct 01, 2022 8:43 pm

Hi guys, thanks for your great work here, much appreciated:)

I have a request for a MT4 indicator and it is based comparing candles of 2 forex pairs and plot the indi on the candle on the current pair if there is a divergence, ie. up candle vs down candle.
The indi will plot a rectangle between high-low (selectable colour) and draw and extend the high-low lines to selectable candles on the future.

The indi needs to be Multi Timeframe, ie, comparing candles of 15min and plotting the divergence on 1min or 5 min. So it needs to compare HTF candles (5,15,1h,4h,1d,1w) and plot the indi in LTF (1,5, 15, 1H,4H,1d) or the same TF.

It needs to work on live and historic adjustable for X amount of days ago, to keep CPU usage low.

Example: chart is EURAUD in 1min and I will be comparing EurUsd and AudUsd candles in a15min timeframe. If EU is Up an AU is Down, the indi will plot on the EA chart a rectangle between High-Low on the 1min equivalent to the HTF(15min) and the High and Low lines will need to extend.

15min div.JPG
Indi look
Bowling
 
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Re: Price Action Divergence candles 2 fx pairs

Postby Apprentice » Mon Oct 03, 2022 3:16 am

We have added your request to the development list.
Development reference 603.
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Apprentice
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Re: Price Action Divergence candles 2 fx pairs

Postby Bowling » Mon Oct 03, 2022 6:34 am

Hi team, sorry forgot to mention that the indi need to work either on base currencies and quote currencies.

Example:
- GBPJPY will plot difference between GBPUSD and USDJPY when candles are up-up or down-down (base)
- EURAUD will plot difference between EURUSD and AUDUSD when candles are up-down or down-up (quote)

Can this be achieved creating a variable on the menu: "base" or "quote"?

Many thanks
Bowling
 
Posts: 8
Joined: Fri Jul 03, 2020 3:22 pm


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