I'm after an alert/indicator that could alert me when a reversal occurs. The kind of setup can be found in various threads on FF, however the parameters I'd like are the foloowing:
bearish setup: the last closed bar must have the highest high AND highest OPEN out of the last 8 bars, AND also to have closed bearish.
bullish setup: reverse of above.
I've attached a picture of each. Would be good if the alert could have a sound on/off, popup on/off inputs. Ideally I'd like it to alert me for all open charts - might have to attach it to each one separately.
(Just want the alert indicator for now. A possible extension for later could be an EA. Bearish trade: EA identifies a bearish reversal bar. Enter upon break of the bearish reversal bar by 2 pips. Stop placed at the high of the previous bar. Take profit 2:1. Must execute on the bar following the bearish reversal bar otherwise trade is cancelled - manually looks good on Cable
)
edit: the EU bullish example actually would have stopped out, but again just after the alert
)
bearish setup: the last closed bar must have the highest high AND highest OPEN out of the last 8 bars, AND also to have closed bearish.
bullish setup: reverse of above.
I've attached a picture of each. Would be good if the alert could have a sound on/off, popup on/off inputs. Ideally I'd like it to alert me for all open charts - might have to attach it to each one separately.
(Just want the alert indicator for now. A possible extension for later could be an EA. Bearish trade: EA identifies a bearish reversal bar. Enter upon break of the bearish reversal bar by 2 pips. Stop placed at the high of the previous bar. Take profit 2:1. Must execute on the bar following the bearish reversal bar otherwise trade is cancelled - manually looks good on Cable

edit: the EU bullish example actually would have stopped out, but again just after the alert

Attached Images