//+------------------------------------------------------------------+
//| Elliott Wave Oscillator.mq4 |
//| tonyc2a@yahoo.com |
//| |
//+------------------------------------------------------------------+
#property copyright "tonyc2a@yahoo.com"
#property link ""
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_color1 DarkKhaki
#property indicator_color2 Red
#property indicator_color3 Red
#property indicator_color4 Blue
#property indicator_level1 0
extern int Signal.period = 5;
//---- buffers
double Buffer1[],
Buffer2[],
b2[],
b3[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,2);
SetIndexBuffer (0,Buffer1);
SetIndexLabel (0,"EWO");
SetIndexStyle (1,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer (1,Buffer2);
SetIndexLabel (1,"Signal");
IndicatorShortName("Elliott Wave Oscillator");
SetIndexStyle(2,DRAW_ARROW,STYLE_SOLID,1);
SetIndexArrow(2,234); // down 226 234 242
SetIndexBuffer(2,b2);
SetIndexStyle(3,DRAW_ARROW,STYLE_SOLID,1);
SetIndexArrow(3,233); //UP 225 233 241
SetIndexBuffer(3,b3);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: add your code here
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
double MA5,MA34;
int limit=Bars-counted_bars;
Print(" print limit = ", limit);
if(counted_bars>0) limit++;
//---- TODO: add your code here
for(int i=0; i<limit; i++)
{
MA5=iMA(NULL,0,5,0,MODE_SMA,PRICE_MEDIAN,i);
MA34=iMA(NULL,0,34,0,MODE_SMA,PRICE_MEDIAN,i);
Buffer1[i]=MA5-MA34;
Buffer2[i]=iMAOnArray(Buffer1,Bars,Signal.period,0,MODE_LWMA,i);
if(Buffer1[i] > Buffer2[i] && Buffer1[i-1] < Buffer2[i-1])
b2[i] = High[i]+10*Point;
if(Buffer1[i] < Buffer2[i] && Buffer1[i-1] > Buffer2[i-1])
b3[i] = Low[i]-10*Point;
}
//----
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
Implements a curve of type DRAW_ARROW
Indicators Used:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: