Indicator creation

fredrikfx · 2019-08-13T19:57:41+00:00

Hi guys I need help to create an indicator that says when it´s time to enter a trade. Exit will be handled manually. I want the indicator to say go LONG, when close >EMA11, EMA11 > EMA22, EMA22 > EMA35 AND MACD[12,26,4](close) MACDline[12,26,4](close). Thanks in advance // Conditions to enter long positions indicator1 = ExponentialAverage[11](close) c1 = (close > indicator1) indicator2 = ExponentialAverage[11](close) indicator3 = ExponentialAverage[22](close) c2 = (indicator2 > indicator3) indicator4 = ExponentialAverage[22](close) indicator5 = ExponentialAverage[35](close) c3 = (indicator4 > indicator5) indicator6 = MACD[12,26,4](close) indicator7 = MACDline[12,26,4](close) c4 = (indicator6 < indicator7) IF c1 AND c2 AND c3 AND c4 THEN BUY 1 CONTRACT AT MARKET ENDIF // Conditions to enter short positions indicator8 = ExponentialAverage[11](close) c5 = (close indicator14) IF c5 AND c6 AND c7 AND c8 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF

Viewing 5 posts - 1 through 5 (of 5 total)

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08/13/2019 at 8:57 PM #104701 quote
fredrikfx
Participant

Junior
Hi guys

I need help to create an indicator that says when it´s time to enter a trade. Exit will be handled manually. I want the indicator to

say go LONG, when close >EMA11, EMA11 > EMA22, EMA22 > EMA35 AND MACD[12,26,4](close) < MACDline[12,26,4](close).

And go SHORT when close < EMA11, EMA11 < EMA22, EMA22 < EMA35 AND MACD[12,26,4](close) > MACDline[12,26,4](close).

Thanks in advance
```
// Conditions to enter long positions

indicator1 = ExponentialAverage[11](close)
c1 = (close > indicator1)
indicator2 = ExponentialAverage[11](close) 
indicator3 = ExponentialAverage[22](close)  
c2 = (indicator2 > indicator3)
indicator4 = ExponentialAverage[22](close) 
indicator5 = ExponentialAverage[35](close)   
c3 = (indicator4 > indicator5)
indicator6 = MACD[12,26,4](close)    
indicator7 = MACDline[12,26,4](close) 
c4 = (indicator6 < indicator7)

IF c1 AND c2 AND c3 AND c4 THEN

BUY 1 CONTRACT AT MARKET

ENDIF


// Conditions to enter short positions
indicator8 = ExponentialAverage[11](close)
c5 = (close < indicator8)
indicator9 = ExponentialAverage[11](close)
indicator10 = ExponentialAverage[22](close)
c6 = (indicator9 < indicator10)
indicator11 = ExponentialAverage[22](close)
indicator12 = ExponentialAverage[35](close)
c7 = (indicator11 < indicator12)
indicator13 = MACD[12,26,4](close)
indicator14 = MACDline[12,26,4](close)
c8 = (indicator13 > indicator14)

IF c5 AND c6 AND c7 AND c8 THEN

SELLSHORT 1 CONTRACT AT MARKET

ENDIF
```
08/13/2019 at 9:46 PM #104708 quote
GraHal
Participant

Master
I can’t recall ever doing an Indicator before, but below will give you a ‘1’ when Buy Conditions are met … see attached.

You can then set an Alert that will email you so you can then Buy manually??
```
indicator1 = ExponentialAverage[11](close)
c1 = (close > indicator1)
indicator2 = ExponentialAverage[11](close)
indicator3 = ExponentialAverage[22](close)
c2 = (indicator2 > indicator3)
indicator4 = ExponentialAverage[22](close)
indicator5 = ExponentialAverage[35](close)
c3 = (indicator4 > indicator5)
indicator6 = MACD[12,26,4](close)
indicator7 = MACDline[12,26,4](close)
c4 = (indicator6 < indicator7)
 
MyBuy = c1 AND c2 AND c3 AND c4

Return MyBuy
```
Fred.jpg
08/13/2019 at 10:16 PM #104711 quote

GraHal
Participant

Master

fredrikfx wrote:

indicator that says when it´s time to enter a trade

Or are you wanting the Indicator to speak to you (say Go LONG)?

You can do this by recording a .wav file and using this .wav as the Alert instead of the inbuilt PRT voices / alerts.

08/15/2019 at 11:38 AM #104785 quote

fredrikfx
Participant

Junior

Thank you GraHal. This is just what i needed.

I have one other question. Is it possible to enter a trade in real time. I mean, f.ex. when two lines are crossing, the trade should enter in exactly that moment. Not waiting for the candle to close.

If it´s possible, how do I define this in the code?

08/15/2019 at 12:40 PM #104788 quote

GraHal
Participant

Master

If you mean on the PRT Alerts … then you would tick the box – ‘Current Candle’

If you mean on Auto-System … then you would need execute trades on a Low TF – 5 secs or 15 secs maybe having had the conditions running on whatever TF you choose – 1 hour, 4 hours etc.

MTF however is not available in Live running yet, or it may be if you ask IG to switch MTF on for you!?
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