Hi all,
I am looking for a new indicator that will form a red arrow pointing down indicating a possible sell/short entry or a green arrow pointing up indicating a possible buy/long entry.
I would like the red arrow to be pointing down and to form above the candles and the green arrow to point upwards and form below the candles.
The criteria for these arrows to appear are described below:
I am looking for a new indicator that will form a red arrow pointing down indicating a possible sell/short entry or a green arrow pointing up indicating a possible buy/long entry.
I would like the red arrow to be pointing down and to form above the candles and the green arrow to point upwards and form below the candles.
The criteria for these arrows to appear are described below:
- The red arrow would appear on the main chart above a closed candle when - the Bulls Power indicator is positive (above 0) but has decreased or shortened from the previous bar indicating that the bulls have weakened and while at the same time the Bears Power Indicator is negative (below 0) but has lengthened or increased since the previous bar indicating that the bears have strengthened and that their maybe a swing in power.
- The green arrow would appear on the main chart below a closed candle when - the Bears Power indicator is negative (below 0) and has decreased or shortened from the previous bar indicating that the bears have weakened while at the same time the Bulls Power indicator is positive (above 0) and has increased or lengthened from the previous bar indicating that the bulls have strengthened and that their maybe a swing in power.
I’m not sure if this is possible or if I have even explained the requirements correctly.
I would be very grateful and really appreciate any comments and anyone who feels that they could code such an indicator.
I look forward to any replies.
Many thanks & best regards
bud_fox