//+------------------------------------------------------------------+
//| ATR Trailing Stop.mq4 |
//| |
//| |
//+------------------------------------------------------------------+
#property copyright "Copyright Team Aphid"
#property link ""
//---- indicator settings
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_color2 Red
//---- indicator parameters
extern int BackPeriod =1000;
extern int ATRPeriod =3;
extern double Factor=3;
extern bool TypicalPrice=false;
//---- indicator buffers
double ind_buffer1[];
double ind_buffer2[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- drawing settings
SetIndexStyle(0,DRAW_LINE,EMPTY,2);
SetIndexDrawBegin(0,ATRPeriod);
SetIndexBuffer(0,ind_buffer1);
SetIndexStyle(1,DRAW_LINE,EMPTY,2);
SetIndexDrawBegin(1,ATRPeriod);
SetIndexBuffer(1,ind_buffer2);
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS)+2);
//---- name for DataWindow and indicator subwindow label
IndicatorShortName("ATR Trailing Stop("+ATRPeriod+" * "+Factor+")");
SetIndexLabel(0,"Support");
SetIndexLabel(1,"Resistance");
//---- initialization done
return(0);
}
//+------------------------------------------------------------------+
//| Moving Averages Convergence/Divergence |
//+------------------------------------------------------------------+
int start()
{
int limit;
int counted_bars=IndicatorCounted();
double PrevUp, PrevDn;
double CurrUp, CurrDn;
double PriceLvl;
double LvlUp=0;
double LvlDn=1000;
int Dir=1;
int InitDir;
//---- check for possible errors
if(counted_bars<0) return(-1);
//---- last counted bar will be recounted
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
//---- fill in buffervalues
InitDir=0;
for(int i=BackPeriod; i>=0; i--)
{
if (TypicalPrice) PriceLvl=(High[i] + Low[i] + Close[i])/3;
else PriceLvl=Close[i];
//----
if(InitDir==0)
{
CurrUp=Close[i] - (iATR(NULL,0,ATRPeriod,i) * Factor);
PrevUp=Close[i-1] - (iATR(NULL,0,ATRPeriod,i-1) * Factor);
CurrDn=Close[i] + (iATR(NULL,0,ATRPeriod,i) * Factor);
PrevDn=Close[i-1] + (iATR(NULL,0,ATRPeriod,i-1) * Factor);
//----
if (CurrUp > PrevUp) Dir=1;
LvlUp=CurrUp;
if (CurrDn < PrevDn) Dir=-1;
LvlDn=CurrDn;
InitDir=1;
}
CurrUp=PriceLvl - (iATR(NULL,0,ATRPeriod,i) * Factor);
CurrDn=PriceLvl + (iATR(NULL,0,ATRPeriod,i) * Factor);
//----
if (Dir==1)
{
if (CurrUp > LvlUp)
{
ind_buffer1[i]=CurrUp;
LvlUp=CurrUp;
}
else
{
ind_buffer1[i]=LvlUp;
}
ind_buffer2[i]=EMPTY_VALUE;
if (Low[i] < ind_buffer1[i])
{
Dir=-1;
LvlDn=1000;
}
}
if (Dir==-1)
{
if (CurrDn < LvlDn)
{
ind_buffer2[i]=CurrDn;
LvlDn=CurrDn;
}
else
{
ind_buffer2[i]=LvlDn;
}
ind_buffer1[i]=EMPTY_VALUE;
if (High[i] > ind_buffer2[i])
{
Dir=1;
LvlUp=0;
}
}
}
//----
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
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Indicator of the average true range
Custom Indicators Used:
Order Management characteristics:
Other Features: