Need Indicator To Draw Horizontal Lines/Sound Alert

Hi FF Community,

I have a request to have an indicator made. I have not contributed much to the community so not really deserving of much help here, but would be thankful if someone can do this.

I think the Platform Tech forum is probably the right place for this request. Not sure if something like this indicator already exist, but I have not been able to find it out here if it does. If anyone knows of anything like this or even anything close that I could use in the interim, I would greatly appreciate you pointing me to it.

Also, not sure how easy or difficult the indicator would be to put together, but I am willing to pay to have it coded if FF allows that & assuming that it is someone who is pretty visible and tenured on FF. Here is what I am looking for:

I want the ability to be able to designate (from a menu) which horizontal lines I want to be drawn on a chart:[list][*]Monthly Open Price[*]Weekly Open Price[*]Daily Open Price[*]Session Open Prices:[*]

Asian Open Price[*]

European Open Price[*]

London Open Price[*]

NY Forex Open Price[*]

U.S. Stock Market Open Price[*]

Etc.

Also, I would like to:
- Have the line drawn only from the opening time forward (to the right) on the chart until the point that it terminates similar to what the FXI Daily Pivots indicator does and what other pivot and fib indicators do. in the case of the sessions, the horizontal line should terminate at the end of the day, not at the end of the session. However, for the monthly line, it should terminate when the next month begins, for the weekly line until the next week begins, for daily line until the next day begins....etc.
- Be able to select line style and color for each of the horizontal lines that I select that I want from above to have shown on the chart. I want to be able to recognize them by color and style (dashed, solid, etc.).
- Designate whether or not to have an audible alert for each of the horizontal lines that I want to have shown on a chart. In other words, I might want many horizontal lines to be drawn for different session openings, etc, but I might only want to be alerted for some and not others in certain situations.
- Have the ability to select for each alert:
- Price Hit (price reached the line), OR….
- Price Closed Beyond (price crossed the line and closed on the opposite side for the time frame the chart is on at the time). Every time price re-crosses and closes, i would want to be alerted unless I turned the alarm off.

There may already be something like this out there, or perhaps there is something close that can be modified? I guess this is similar to the JF_TradingTimes indicator here on FF, except that indicator draws vertical lines at the session openings that you designate that you want to see and it allows you to create a few custom lines as well - but it just draws vertical lines, no horizontal lines and no alerts.

I am not sure if FF allows for me to pay to have indicators made or not (Twee, please do not ban me if I am breaking the rules, just tell me & delete this thread & I won't do it again). But I am willing to pay if this is not something easy to do that someone can just knock out quickly / easily.

If you can help with this (either for free or for money) please write to me in this thread....please don't send a PM. Whether someone does this for free or I pay for it, It will be available in thread for everyone at FF to utilize of course.

Thanks,
McPip

Hey McPip!

There is a site that deals only about coding mql4. It´s name is - guess what - mql4.com
There is a section where you can post your strategy or whatever you want to be coded for you and how much you are willing to pay. Professional coders will accept your job and payment and delivering of the code is secured as well.

I have a question that is a chance for you to give something back to the community. I would like to know something about the trading strategy that relies on the opening prices.

Kind regards

Hi Apeng,

Thank you for the reply. I am familiar with the mql4.com website. I might try that. I never spent much time there since I am really not into EAs or a lot of indicators.

I am afraid that I am probably going to disappoint you on the trading strategy front. My request is really just for an indicator to give me alerts when price reaches these types of horizontal lines, because I like to trade "away" from them. I want something to wake me up in the middle of the night as I trade the London session but I am a U.S.-based trader. I want to start sleeping more and wait for something to happen vs. staring at the charts all night. I have watched price action long enough now that if I have not gained whatever it is that I am supposed to gain from all this screen time by now, I am probably not going to gain it via more screen time.

I don't have a trading strategy per se, I am a discretionary trader with a lot of screen time and I consider myself to be a probability-based trader (well we all are really, whether we know it or not). Trading mainly on the probability that I will gain more pips, over time & while applying sound money management principles, trading "away" from any given horizontal line, than the losses that I will incur while trying to get away from that line. Trying to get away from a line sometimes takes a lot of patience and capital (drawdown), but price does eventually move away from any horizontal line drawn on a chart (really, it's true). I am just trading price action around horizontal lines and applying good money management to put the statistics on my side.

If you would like me to recommend to you a system on FF that I think is a winner (it is somewhat similar to how I trade), I would be glad to do so. I have been trading and studying for many years now, and I still consider myself a newbie in many ways. My way of trading would never garnish much attention on FF and what little attention it would garnish would mostly be negative I think. I can't prove that it can work in the long run, but my greatest asset as a trader may be my insecurity & the fact that I am not really sure if it will work long term either.

Thanks again!

A screenshot would be helpful. With all the lines drawn in as you want them. I'm sure somebody will be able to help you out.