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Dear members,
I would like to create an Expert Advisor by combining some conditions on 30 minutes time frame, and some conditions on 5 minutes time frame.
Conditions in 30 Min time frame:
CCI Indicator should be in over sold zone for buy condition, and in over bought zone for sell condition.
Conditions in 5 Minutes time frame:
CCI indicator and one other indicator (Market Efficiency Ratio or Modified Force Index) should cross zero line upside for buy signals and downside for sell signals. The three indicators are:
1) CCI Indicator
2) Market Efficiency Ratio (MER)
Speed:= C - Ref(C, -15);
Volatility:= Sum(Abs(C - Ref(C, -1)),15);
Efficiency:= Speed / Volatility;
MER:= Mov(Mov(Efficiency, 5,E),3,E)'
3) Modified Force Index (MFI)
PriceDiff:= C - Ref(C,-1);
Index:= PriceDiff / Volume;
MFI:= Mov(Mov(Index, 20,E),10,E);
For buy signal, I have written the codes (for buy signal) as under:
30 Minutes time frame:
CCI(20) <= -100
5 minutes time frame
Alert(Cross(CCI(20),0),3) AND {CCI crosses zero line within the last 3 bars}
(Alert(Cross(MER,0),3) OR Alert(Cross(MFI,0),3) {ME Ratio or MFI cross zero line within the last 3 bars}
I do not know how to combine these two time frames and create an expert advisor buy and sell signals. I shall be grateful if somebody could suggest the formulae for the expert advisor for 30 min chart as well as 5 min chart.
With kind regards.
Perumal
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