//+------------------------------------------------------------------+ //| Robos.mq5 | //| Copyright 2021, Your Company Name | //| https://www.yourwebsite.com | //+------------------------------------------------------------------+ #property copyright 'Copyright 2021, Your Company Name' #property link 'https://www.yourwebsite.com' #property version '1.0'

// Indicator parameters input int OscillatorPeriod = 14; // Period for the multi-timeframe oscillator input int OverboughtLevel = 70; // Level for extreme overbought condition input int OversoldLevel = 30; // Level for extreme oversold condition

// Global variables double OscillatorBuffer[]; // Buffer to store oscillator values

//+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int OnInit() { // Define indicator buffers SetIndexBuffer(0, OscillatorBuffer, INDICATOR_DATA);

// Set indicator parameters
SetIndexStyle(0, DRAW_LINE);
SetIndexLabel(0, 'Oscillator');

return(INIT_SUCCEEDED);

}

//+------------------------------------------------------------------+ //| Custom indicator iteration function | //+------------------------------------------------------------------+ int OnCalculate(const int rates_total, const int prev_calculated, const datetime &time[], const double &open[], const double &high[], const double &low[], const double &close[], const long &tick_volume[], const long &volume[], const int &spread[]) { // Calculate oscillator values for(int i = rates_total - 1; i >= 0; i--) { OscillatorBuffer[i] = iCustom(_Symbol, _Period, 'YourOscillatorIndicator', OscillatorPeriod, i); }

// Check for extreme overbought or oversold conditions
if(OscillatorBuffer[0] >= OverboughtLevel)
{
    // Generate alert for extreme overbought condition
    Alert('Extreme Overbought Condition!');
}
else if(OscillatorBuffer[0] <= OversoldLevel)
{
    // Generate alert for extreme oversold condition
    Alert('Extreme Oversold Condition!');
}

// Generate trading signals
if(OscillatorBuffer[0] > OscillatorBuffer[1] && OscillatorBuffer[1] <= OverboughtLevel)
{
    // Generate signal for potential reversal or significant price movement
    // Place your trading logic here
}

return(rates_total);

}

//+------------------------------------------------------------------+ //| Additional Information | //+------------------------------------------------------------------+ // // This code is a custom indicator for the MetaTrader 5 platform (MT5). // It calculates a multi-timeframe oscillator and generates trading signals based on extreme overbought or oversold conditions. // The indicator parameters can be adjusted to suit your trading strategy. // // To use this indicator, simply copy and paste the code into the MetaEditor in MT5, compile it, and attach it to a chart. // You can adjust the indicator parameters in the input section of the code. // // This code is provided by Your Company Name and is for educational purposes only. // It is not intended as financial advice or a recommendation to trade. // // For more information and updates on this code, please visit our website: // https://forexroboteasy.com/forex-robot-review/robos-indicator-review-latest-version-4-0-download-now-for-real-results/