All bars are successive bars.
Condition 1:
bull-bear-bull-bear (or) bear-bull-bear-bull;
Condition 2:
if condition 1 is satisfied, buy signal should be created when the price again touches high of the four candles and sell signal should be created when the price again touches low of the four candles.
Condition 3:
If condition 1 happens again without condition 2(i.e Without again touching high or low ), take the new order(Bull-bear-bull-bear (or) bear-bull-bear-bull) to execute condition 2.
hElLO tRaDeR,
BUY SCRIPT:
((REF(CLOSE,4) > REF(OPEN,4) AND
REF(CLOSE,3) < REF(OPEN,3) AND
REF(CLOSE,2) > REF(OPEN,2) AND
REF(CLOSE,1) < REF(OPEN,1)) OR
(REF(CLOSE,4) < REF(OPEN,4) AND
REF(CLOSE,3) > REF(OPEN,3) AND
REF(CLOSE,2) < REF(OPEN,2) AND
REF(CLOSE,1) > REF(OPEN,1)) AND
HIGH = HHV(5)
SELL SCRIPT:
((REF(CLOSE,4) > REF(OPEN,4) AND
REF(CLOSE,3) < REF(OPEN,3) AND
REF(CLOSE,2) > REF(OPEN,2) AND
REF(CLOSE,1) < REF(OPEN,1)) OR
(REF(CLOSE,4) < REF(OPEN,4) AND
REF(CLOSE,3) > REF(OPEN,3) AND
REF(CLOSE,2) < REF(OPEN,2) AND
REF(CLOSE,1) > REF(OPEN,1)) AND
LOW = LLV(5)