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MT4 AND MT5 OSCILLATORS
Your job is to program two oscillators to be incorporated into the MT4 trading platform, the OSCARITO oscillator in 2 versions .
OSCARITO OSCILLATOR. This oscillator runs between 0 and 100. The formula is:
There are 3 variables: highest price in a certain number of periods; lowest price in a certain number of periods; closing price in present period. The formula is simple addition, multiplication, and division. I will give the formula when I have selected the contractor.
Characteristics of the OSCARITO OSCILLATOR ARE:
1. Used in all time frames.
2. Used in all securities normally traded.
3. Runs in the bottom of the chart from 0 to 100.
4. Configurable like any other typical indicator in MT4 or 5, that is, be able to change colors, periods, have multi-level lines, etc. A good example is the RSI used in the MT4 platform.
5. Can be used with alerts and EA’s.
6. Can be used in multiple computers and accounts, that is reproduceable.
7. Able to be backtested.
8. Can have moving averages inserted in the oscillator window.
9. Can only be used by subscriber. That is not publicly listed, if possible in MT4's list of Custom Indicators.