Add Buy and Sell Arrows to your MT4 or MT5 custom indicator
If you have a custom indicator and a strategy for buy and sell this video will show you how to add buy and sell arrows to your custom indicator for both MT4 and MT5.
The video uses a tripple moving average ribbon from earlier tutorials as the basis and adds buy and sell arrows to the indicator. To see the earlier videos for a full explanation of the MT4 and MT5 ribbon indicator follow the links below.
MT4 Step by Step Custom Indicator
MT5 Step by Step Custom Indicator
The video also shows a technique to overcome a problem where arrows on the MT4 chart will overlap the top and bottom of the candles.
and a follow up to that earlier question is, How do you extract or use data from that indicator to trigger a trade with your expert advisor?
The video already shows how to get data from the higher timeframe. That should be all you need to feed into your ea.
I am now studying your video “How to code indicators to use values from higher timeframes and address 2 common mistakes.”
my question is, Would this work if you need info/data from a lower timeframe as well?
The techniques would be the same. It is more common to trade on the lower timeframe with confirmation from the higher but either way works.