//+------------------------------------------------------------------+
//| AutoTrendChannel.mq4 |
//| Copyright © 2006, MetaQuotes Software Corp. |
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net"
/*********************************************************************
* Author: Muhammad Hamizi Jaminan (hymns)
* Original Author: ANG3110@latchess.com
*
* Date: December 14, 2006
* Custom Indicator: AutoTrendChannel.mq4
* Version: 1.0.1
* Description: Trend Detector
*
* Change Logs
* Version 1.0.1
* - Rewriting Code. Multi Color.
* Other function will add next release :)
*
* Version ang_AutoCh_HL-v1
* - Release by ANG3110@latchess.com
**********************************************************************/
#property indicator_chart_window
extern int Hours = 24;
extern color col_bull = Blue;
extern color col_mid = SkyBlue;
extern color col_bear = Red;
//------------------
double lr,lr0,lrp;
double sx,sy,sxy,sx2,aa,bb;
int p,fs;
int f,f0,f1;
double dh,dl,dh_1,dl_1,dh_2,dl_2;
int ai_1,ai_2,bi_1,bi_2;
double hai,lai,dhi,dli,dhm,dlm,ha0,hap,la0,lap;
double price_p1,price_p0,price_p2,price_01,price_00,price_02;
int p1,p0,p2,fp;
string sName = "AutoTrendChannel";
//*****************************************
int init() {
p = Hours*60/Period();
if (fs==0) {
fs = 1;
}
return(0);
}
//*******************************
int deinit() {
ObjectDelete("1"+sName);
ObjectDelete("0"+sName);
ObjectDelete("2"+sName);
}
//*******************************
int start() {
int i,n;
//------------------------------------------------------------------------------
if (f==1) {
p1=iBarShift(Symbol(),Period(),ObjectGet("1"+sName,OBJPROP_TIME1));
p0=iBarShift(Symbol(),Period(),ObjectGet("0"+sName,OBJPROP_TIME1));
p2=iBarShift(Symbol(),Period(),ObjectGet("2"+sName,OBJPROP_TIME1));
if (fp==0 && p!=p1) {p=p1; fp=1;}
if (fp==0 && p!=p0) {p=p0; fp=1;}
if (fp==0 && p!=p2) {p=p2; fp=1;}
}
//====================================================
sx=0; sy=0; sxy=0; sx2=0;
for (n=0; n<=p; n++) {
sx+=n; sy+=Close[n];
sxy+=n*Close[n];
sx2+=MathPow(n,2);
}
aa=(sx*sy-(p+1)*sxy)/(MathPow(sx,2)-(p+1)*sx2);
bb=(sy-aa*sx)/(p+1);
//----------------------------------------------------
for (i=0; i<=p; i++) {
lr=bb+aa*i;
dh=High[i]-lr;
dl=Low[i]-lr;
//----------------------------------------------------
if (i<p/2) {
if (i==0) {
dh_1=0.0;
dl_1=0.0;
ai_1=i;
bi_1=i;
}
if (dh>=dh_1) {
dh_1=dh;
ai_1=i;
}
if (dl<=dl_1) {
dl_1=dl;
bi_1=i;
}
}
//----------------------------------------------------
if (i>=p/2) {
if (i==p/2) {
dh_2=0.0;
dl_2=0.0;
ai_2=i;
bi_2=i;
}
if (dh>=dh_2) {
dh_2=dh;
ai_2=i;
}
if (dl<=dl_2) {
dl_2=dl;
bi_2=i;
}
}
}
//-------------------------------------
lr0=bb;
lrp=bb+aa*(i+p);
//===================================================
if (MathAbs(ai_1-ai_2)>MathAbs(bi_1-bi_2)) f=1;
if (MathAbs(ai_1-ai_2)<MathAbs(bi_1-bi_2)) f=2;
if (MathAbs(ai_1-ai_2)==MathAbs(bi_1-bi_2)) {
if (MathAbs(dh_1-dh_2)<MathAbs(dl_1-dl_2)) f=1;
if (MathAbs(dh_1-dh_2)>=MathAbs(dl_1-dl_2)) f=2;
}
//=================================================
if (f==1) {
for (n=0; n<=20; n++) {
f1=0;
for (i=0; i<=p; i++) {
hai=High[ai_1]*(i-ai_2)/(ai_1-ai_2)+High[ai_2]*(i-ai_1)/(ai_2-ai_1);
if (i==0 || i==p/2) dhm=0.0;
if (High[i]-hai>dhm && i<p/2) {
ai_1=i;
f1=1;
}
if (High[i]-hai>dhm && i>=p/2) {
ai_2=i;
f1=1;
}
}
if (f==0) break;
}
//----------------------------
for (i=0; i<=p; i++) {
hai=High[ai_1]*(i-ai_2)/(ai_1-ai_2)+High[ai_2]*(i-ai_1)/(ai_2-ai_1);
dli=Low[i]-hai;
if (i==0) dlm=0.0;
if (dli<dlm) dlm=dli;
}
ha0=High[ai_1]*(0-ai_2)/(ai_1-ai_2)+High[ai_2]*(0-ai_1)/(ai_2-ai_1);
hap=High[ai_1]*(p-ai_2)/(ai_1-ai_2)+High[ai_2]*(p-ai_1)/(ai_2-ai_1);
//----------------------------
price_p1=hap;
price_p0=hap+dlm/2;
price_p2=hap+dlm;
price_01=ha0;
price_00=ha0+dlm/2;
price_02=ha0+dlm;
}
//=================================================
if (f==2) {
for (n=0; n<=20; n++) {
f1=0;
for (i=0; i<=p; i++) {
lai=Low[bi_1]*(i-bi_2)/(bi_1-bi_2)+Low[bi_2]*(i-bi_1)/(bi_2-bi_1);
if (i==0 || i==p/2) dlm=0.0;
if (Low[i]-lai<dlm && i<p/2) {
bi_1=i;
f1=1;
}
if (Low[i]-lai<dlm && i>=p/2) {
bi_2=i;
f1=1;
}
}
if (f==0) break;
}
//----------------------------
for (i=0; i<=p; i++) {
lai=Low[bi_1]*(i-bi_2)/(bi_1-bi_2)+Low[bi_2]*(i-bi_1)/(bi_2-bi_1);
dhi=High[i]-lai;
if (i==0) dhm=0.0;
if (dhi>dhm) dhm=dhi;
}
la0=Low[bi_1]*(0-bi_2)/(bi_1-bi_2)+Low[bi_2]*(0-bi_1)/(bi_2-bi_1);
lap=Low[bi_1]*(p-bi_2)/(bi_1-bi_2)+Low[bi_2]*(p-bi_1)/(bi_2-bi_1);
//----------------------------------------------------------------
price_p1=lap;
price_p0=lap+dhm/2;
price_p2=lap+dhm;
price_01=la0;
price_00=la0+dhm/2;
price_02=la0+dhm;
}
//===================================================================================
ObjectCreate("1"+sName,2, 0,Time[p],price_p1,Time[0],price_01);
ObjectCreate("0"+sName,2, 0,Time[p],price_p0,Time[0],price_00);
ObjectCreate("2"+sName,2, 0,Time[p],price_p2,Time[0],price_02);
//-----------------------------------------------------------------
ObjectSet("1"+sName,OBJPROP_COLOR,col_bear);
ObjectSet("0"+sName,OBJPROP_COLOR,col_mid);
ObjectSet("0"+sName,OBJPROP_STYLE,STYLE_DOT);
ObjectSet("2"+sName,OBJPROP_COLOR,col_bull);
//---------------------------------------------
ObjectSet("1"+sName,OBJPROP_TIME1,Time[p]);
ObjectSet("1"+sName,OBJPROP_PRICE1,price_p1);
ObjectSet("1"+sName,OBJPROP_TIME2,Time[0]);
ObjectSet("1"+sName,OBJPROP_PRICE2,price_01);
ObjectSet("0"+sName,OBJPROP_TIME1,Time[p]);
ObjectSet("0"+sName,OBJPROP_PRICE1,price_p0);
ObjectSet("0"+sName,OBJPROP_TIME2,Time[0]);
ObjectSet("0"+sName,OBJPROP_PRICE2,price_00);
ObjectSet("2"+sName,OBJPROP_TIME1,Time[p]);
ObjectSet("2"+sName,OBJPROP_PRICE1,price_p2);
ObjectSet("2"+sName,OBJPROP_TIME2,Time[0]);
ObjectSet("2"+sName,OBJPROP_PRICE2,price_02);
//==================================================================
f=1;
p1=p;
p0=p;
p2=p;
fp=0;
//*************************************************************************************
ObjectsRedraw();
return(0);
}
//=====================================================================================
Sample
Analysis
Market Information Used:
Series array that contains close prices for each bar
Series array that contains the highest prices of each bar
Series array that contains the lowest prices of each bar
Series array that contains open time of each bar
Indicator Curves created:
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: