# Price-action based indicators

To build three price-action based indicators: Divergence Signals; Fibonacci; and Daily Pivot Points. See explanations below:

1. Divergence Indicator

The divergence indicator will draw divergence line between prices and Stochastic, RSI or MACD indicator. The divergence signal categories would be made as follows:

a. Divergence Signal (Type 1)

For bullish divergence, a line is drawn across price's 1st low and lower low; and indicator's 1st low (below 20% in Stochastic or RSI indicator) and HIGHER LOW (above 20% of Stochastic or RSI indicator).

Conversely for bearish divergence, line is drawn across price's 1st high and HIGHER HIGH; and indicator's 1st high (above 80% of Stochastic or RSI indicator) and then LOWER HIGH (below 80% of indicator).

b. Divergence Signal (Type 2)

Bearish divergence signal - a line is drawn across price's DOUBLE BOTTOMS and indicators' HIGHER LOW (rise above 20%).

OR a line across price's DOUBLE TOPS and indicator's LOWER HIGH (fall below 80%).

2. FIBONACCI LINE INDICATOR

In an UPTREND, Fibonacci Line is drawn between swing low and swing high

In a DOWNTREND, a Fibonacci line is drawn between swing high and swing low.

The Fibonacci line will feature the Fibonacci's price retracement ratios - 23.6, 38.2, 50.0, 61.8, 78.9 with prices of tradable instrument indicated. Then the corresponding Fibonacci Extension/Expansion or Price Targets for the tradable instrument.

3. DAILY PIVOT POINTS CALCULATOR

The Pivot Points indicator would automatically calculate daily pivot levels of chosen market - R1, R2, R3, central pivot (PP), S1, S2, S3, indicating the market's price line for each pivot level.

Kemahiran: Algoritma, Pengaturcaraan C++, Excel, Metatrader

Tentang Majikan:
( 2 ulasan ) Ajah, Nigeria

ID Projek: #19591803

## 10 pekerja bebas membida secara purata \$85 untuk pekerjaan ini

matharpa

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AlekseyUsachev

Hello, I have more than ten years experience creating various trading tools especially for Metatrader. Thanks, Alex.

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buildorbust

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Stonev

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David1732

Hello Sir, you need some indicators to be programmed? I can program one of them and I would prefer 2 or 3. Kind regards, David

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scorpionobaid01

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bluesea1990

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eden134

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VishalAgrawal11

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Lissette2101

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