Looking for a Developer to Implement Market Structure Reversal Indicator on cTrader

Created at 27 Jun 2024
MA

manno83s5

Joined 27.06.2024

Status

Open


Budget

30.00 USD


Payment Method

via  Upwork

Job Description

Hello,

I am looking for a skilled developer to implement a Market Structure Reversal Indicator on the cTrader platform. This indicator aims to alert the user when potential price reversals occur, aiding in making more accurate trading decisions. The indicator should be able to identify and draw the market structure based on high and low levels. It needs to analyze price movements to identify exhaustion points and potential reversals, draw rectangles on the last opposite colored candle, and track these rectangles with the price as it moves in the current short-term direction. The rectangle should change to a solid color when a reversal alert occurs.

The indicator should set alerts when a reversal in the market structure occurs, including popup alerts, push notifications, and email alerts. It should also provide alerts on the retest of the reversal, confirming a more likely entry. Additionally, the indicator must have the ability to display higher time frame direction on lower time frames, showing a directional bias arrow of the higher time frame on the lower time frame chart.

The indicator works by identifying breakouts and price momentum initially, each time a new high or low level is formed near a potential exhaustion point. It draws a rectangle on the last opposite colored candle and tracks this rectangle with the price. Once the price weakens enough to close back above or below the rectangle, it indicates a potential shift in the market structure. The indicator then alerts you to a potential trend shift and the beginning of a potential major reversal or pullback.

It allows you to display higher time frame reversal rectangles on the lower trading time frame, which is beneficial for trend traders and identifying higher time frame direction. You can select all reversal alerts or only long or short alerts, and choose direction alerts based on the current trend direction of each pair.

Required skills include experience in programming indicators on the cTrader platform, a deep understanding of price action and technical analysis, the ability to implement custom alerts based on specific criteria, and testing and quality assurance skills to ensure the indicator works efficiently and accurately.

If you find yourself qualified for this project and have the necessary experience, please contact me for further details and to discuss the project requirements in more detail.

Thank you in advance,

CHEEF

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JosephTradingbot's avatar
JosephTradingbot · 3 days ago
Hi, I can help you with this project for you. With several years of experience in programming, forex analysis and trading. Email: joseph.tradingbot@gmail.com Telegram: @iamjosepe