RSI Condition: The Relative Strength Index (RSI) for the current period is below a specified low threshold (RsiLow). This indicates oversold conditions.
Candlestick Pattern: It checks for a specific candlestick pattern across three consecutive candles:
The current candle (1) closes higher than it opens (bullish)
The previous candle (2) closes lower than it opens (bearish)
The current candle’s close is below the high of the previous candle
Price Action: The alert also checks that the current candle’s close is above the open of the previous candle, suggesting a potential reversal.
Buy Signal: If all conditions are met, the alert generates a “Buy” signal with an up arrow at the low of the current candle.
Rsi Levels 30 – 70 – PLEASE ADD RSI with PERIOD 10 / LVLS 30/70 – When a engulfing bar occurs below or above the rsi values the alert is triggered –
MQL5 Wizard - Trade Signals Based on Bullish… The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal…
MQL5 Wizard - Trade Signals Based on Bullish… The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal…
MQL5 Wizard - Trade Signals Based on Bullish… The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal…
MQL5 Wizard - Trade Signals Based on Bullish… The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal…
