Trying to teach my kids but need help starting this indicator (any help is appreciated)
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Need to begin a project which contains more than 25+ rules...
Example: It begins with a closed buy candle followed by a series of X-Amount (3-4) consecutive closed selling candles.
After X-Amount of consecutive closed selling candles...
Must then produce a buy signal on the chart. (this is only the beginning but all that is needed to get me started)
and then paint the series of consecutive candles as one color (histogram) for visual.
How would I set this up properly to begin my project?
Once I understand how to set up this basic function I can build-out the rest of the whole project.
Your assistance is highly appreciated.
-David Rajiah
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Hi David. My first recommendation is reading ALL tutorials and intructions pages. That will give you a first glance on what is fxDreema. Then you should begin with small parts of your EA, not the whole of it. That way you will begin to try the builder. Finally you can ask everything you need the in the forums. We will help you.
Welcome onboard.
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Thank you @l-andorrà, I appreciate your response very much.
However, that is exactly what i am trying to do here by just getting assistance with the basic foundation on the indicator (not trying to build an EA just yet, only the signal first)
Getting it started properly is where I have been struggling the most.
Im quite sure I can get complete it from there.
Your thoughts?
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@rajiah Wow, 25 rules? You should bring them in a logical order that a program can transform it to binary 1 or 0!
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Over time agreed... @trader-philipps but most of the rules may not be necessary once I am able to create the simple starting point that I am struggling to begin with. I don't know how to start it but I know how to finish it.
Initially, there is one rule (after 3 candles in a row, produce a buy or sell signal) as crazy as it sounds this is the difficult part for me. I can take it from there!
Not looking to create an EA only indicator for now.
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By the way @l-andorrà, I have spent hours upon hours reading the tutorials but there is something I am missing (I'm quite sure it is very simple ) but am struggling on which function/conditions to use to create a signal after 3 bull or bear candles in a row. The rest, I don't think it will be difficult at all. If someone can do this I can see what I need to see to understand the rest and go from there...
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@rajiah Is the sequence 1 bear and then 3 bulls or could it also be 4 bulls in a row? However, the blocks you should use are probably those ..
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1 bear then 3 bulls
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@rajiah
In total your condition may look like this (check for min body size to fit your requirements!)
Maybe a once per bar block before the sequence would be good.
Usually we don't want to work with current candle as it is not closed yet. Hence we check if candle ID4 was a bear candle and if candle ID 1 to 3 were bull candles. Does that make sense? -
very much much so!
I am trying it now. -
@rajiah Good luck!
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You can share here your new conditions and we'll try to help you.
