Hello
The goal of this project is to create a market scanner for MT4 or MT5 that sends notifications if certain market conditions are met based on another indicator. It presents a user-defined list of currencies as a button.
1- The user sets the list of currencies to scan, the size of the button text, the number of buttons per line, the height and width of the button, a color for a downtrend and a color for an uptrend.
2- He then defines the parameters of the basic indicator used by the scanner.
3- The scanner uses a filter, the purpose of the filter is to follow the market trend on a higher timeframe for the signals on a lower timeframe. The scanner identifies in the higher timeframe the age (in candles) of the last signal of the basic indicator, this trend is followed in the lower timeframe. The user defines the time unit of the higher timeframe and the minimum age of the signal for the trend to be considered.
A button gives three pieces of information:
- - The name of the currency.
- - The age of the last signal on the upper timeframe.
- - The trend on the upper timeframe (the color)
The current timeframe represents the lower timeframe and the scanner shows arrows on the chart.