I want an RSI based indicator that identifies divergence and reversals against the price action on chart in Metatrader 4. The indicator must work on all time-frames and will have parameters to controls various aspects of indication such as "Divergence Only signals" or Reversal Only signals for instance. I would also like to have controls over distance between diverging candles i.e 20 bars or 1 bar. The indicator will need to draw divergence and reversal signals on the price and RSI indicators as well as alert.
The RSI indicator code already exists in Metatrader so the core is there already
I would also want a second piece of work to create a EA based on this indicator should testing go well.