BT2Stop_v1





/*-----------------------------+
|			       |
| Shared by www.Aptrafx.com    |
|			       |
+------------------------------*/

//+-----------------------------------------------------------------------+
//|                                                   BrainTrend1Stop.mq4 |
//|                                   Copyright © 2005. Alejandro Galindo |
//|                                                   http://elCactus.com |
//+-----------------------------------------------------------------------+

#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Red
#property indicator_color2 Blue

//---- input parameters
extern int AveragePeriod=10;
extern int Reg=1;

//---- buffers
double Buffer1[];
double Buffer2[];

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- indicator line
   IndicatorBuffers(2);
   SetIndexStyle(0,DRAW_ARROW);
   SetIndexStyle(1,DRAW_ARROW);
   SetIndexBuffer(0,Buffer1);
   SetIndexBuffer(1,Buffer2);
   SetIndexArrow(0,159);
   SetIndexArrow(1,159);

//----
   return(0);
  }
//+------------------------------------------------------------------+
//| BrainTrend1Stop                                                  |
//+------------------------------------------------------------------+
int start()
  {
  
   int i,shift,counted_bars=IndicatorCounted();
   double value=0, price=0, trend=0, dK=0, AvgRange=0, WATR=0;
   int bar=0;
   int CountBars=500;
   if (CountBars>=Bars) CountBars=Bars;
   SetIndexDrawBegin(0,Bars-CountBars+11+1);
   SetIndexDrawBegin(1,Bars-CountBars+11+1);   
         
//---- initial zero
   AvgRange=0;
   for (i=1;i<=AveragePeriod;i++) 
   { 
      dK = 1+(AveragePeriod-i)/AveragePeriod;
      AvgRange=AvgRange+ dK*MathAbs(High[i]-Low[i]);      
   }
   if (Point>=0.01) { WATR = (AvgRange/AveragePeriod)*Point; }
   else { WATR = AvgRange/AveragePeriod; }
   
   if (Close[Bars-1] > Open[Bars-1]) 
   {
      value = Close[Bars - 1] * (1 - WATR);
      trend = 1;
      Buffer2[Bars-1]=value;
   }
   if (Close[Bars-1] < Open[Bars-1]) 
   {
      value = Close[Bars - 1] * (1 + WATR);
      trend = -1;
      Buffer1[Bars-1]=value;
   }
   
   bar=CountBars-11-1;
   while(bar>=0)
   {
   
   Buffer1[shift]=0;
   Buffer2[shift]=0;
   

   if (Reg==2) 
   {
      AvgRange=0;
      for (i=1;i<=AveragePeriod;i++) 
      {
         dK = 1+(AveragePeriod-i)/AveragePeriod;
         AvgRange=AvgRange+ dK*MathAbs(High[bar + i]-Low[bar + i]);
      }
      if (Point>=0.01) { WATR = (AvgRange/AveragePeriod)*Point; }
      else { WATR = AvgRange/AveragePeriod; }
   
   }
   
   if (trend >= 0) 
   {
      if (Close[bar] > price) { price = Close[bar]; }
      value = price * (1 - WATR);
      if (Close[bar] < value) 
      {
          price = Close[bar];
          value = price * (1 + WATR);
          trend = -1;
       }
    } else {
      if (trend <= 0) {
         if (Close[bar] < price) { price = Close[bar]; }
         value = price * (1 + WATR);
         if (Close[bar] > value) 
         {
             price = Close[bar];
            value = price * (1 - WATR);
            trend = 1;
         }
      }
    }

   if (trend == -1) { Buffer1[bar]=value; }
   if (trend == 1) { Buffer2[bar]=value; }
//----
           
   bar--;
   }
   return(0);
  }
//+------------------------------------------------------------------+






Sample





Analysis



Market Information Used:

Series array that contains the highest prices of each bar
Series array that contains the lowest prices of each bar
Series array that contains close prices for each bar
Series array that contains open prices of each bar


Indicator Curves created:

Implements a curve of type DRAW_ARROW


Indicators Used:



Custom Indicators Used:

Order Management characteristics:

Other Features: