Rule using wicks and distance.

[fabiobioware]

Hello guys, I'm trying to make a rule using wicks and distance from the wick to the bollinger bands indicator.

I tried to create this project to start https://fxdreema.com/shared/qkSoVZ75e

Can anyone help me understand how to do this the right way?

The rules are as follows:

Open a buy when:
Always look at the current candle (0).

1. With 5 seconds remaining for the candle to close.
2. Check if there is a wick at the bottom of this same candle, and if there is, check if this wick at the bottom is larger than the wick at the top of the candle.
3. Check if the distance between the tip of the wick of this same candle is very close, say 5 to 1 pips away from the lower bollinger band.

Project --> https://fxdreema.com/shared/qkSoVZ75e

[fabiobioware]

@fabiobioware

Some examples.

[fabiobioware]

@fabiobioware

[fabiobioware]

@fabiobioware in this example the candle made a larger wick at the top, this wick found a very strong resistance in the upper bollinger band showing that there could be a fall soon afterwards.

[l'andorrà]

@fabiobioware Your point 1 very difficult to check. You want to combine time with ticks and that's not necessarily easy to do. My suggestion is that all calculation blocks to be moved to the 'on timer' tab. If they remain on the 'on tick' tab theye will only be checked if a tick is arriving to your MT5 exactly 5 seconds before that closing. What if no ticks are arriving for 8 seconds?