/***************************
* File: CandleStop.mq4
* Author: CrushD
***************************/
#property copyright "CrushD"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Magenta
#property indicator_color2 Lime
//---- input parameters
extern int TrailPeriods=5;
//---- buffers
double LongTrailBuffer[];
double ShortTrailBuffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0,DRAW_LINE, STYLE_DASH);
SetIndexLabel(0, "Short Trail Stop");
SetIndexBuffer(0,ShortTrailBuffer);
SetIndexStyle(1,DRAW_LINE, STYLE_DASH);
SetIndexLabel(1, "Long Trail Stop");
SetIndexBuffer(1,LongTrailBuffer);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
int i;
if(counted_bars>0) counted_bars--;
int limit=Bars-counted_bars;
for(i=0; i<=limit; i++)
{
//calc short stop
//Highest High of last n periods
ShortTrailBuffer[i] = High[Highest(NULL, 0, MODE_HIGH, TrailPeriods, i+TrailPeriods)];
//calc long stop
//Lowest Low of last n periods
LongTrailBuffer[i] = Low[Lowest(NULL, 0, MODE_LOW, TrailPeriods, i+TrailPeriods)];
}
//----
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
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: