//+------------------------------------------------------------------+
//| FractalChannel_v1.mq4 |
//| Copyright © 2005, TrendLaboratory Ltd. |
//| E-mail: igorad2004@list.ru |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, TrendLaboratory Ltd."
#property link "E-mail: igorad2004@list.ru"
//----
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color1 DodgerBlue
#property indicator_color2 DodgerBlue
#property indicator_color3 DodgerBlue
//---- input parameters
extern int ChannelType=1;
extern double Margins=0;
extern double Advance=0;
extern int OpenClose=0;
//---- buffers
double UpBuffer[];
double DnBuffer[];
double MdBuffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_LINE);
SetIndexStyle(2,DRAW_LINE,2);
SetIndexBuffer(0,UpBuffer);
SetIndexBuffer(1,DnBuffer);
SetIndexBuffer(2,MdBuffer);
//---- name for DataWindow and indicator subwindow label
short_name="Fractal Channel("+ChannelType+")";
IndicatorShortName(short_name);
SetIndexLabel(0,"Up Channel");
SetIndexLabel(1,"Down Channel");
SetIndexLabel(2,"Middle Channel");
//----
SetIndexDrawBegin(0,2*ChannelType);
SetIndexDrawBegin(1,2*ChannelType);
SetIndexDrawBegin(2,2*ChannelType);
//----
return(0);
}
//+------------------------------------------------------------------+
//| FractalChannel_v1 |
//+------------------------------------------------------------------+
int start()
{
int shift;
double v1,v2,smax,smin,
High0,High1,High2,High3,High4,High5,High6,
Low0,Low1,Low2,Low3,Low4,Low5,Low6;
//----
for(shift=Bars-1-2*ChannelType;shift>=0;shift--)
{
v1=-1;
v2=-1;
//----
High0=High[shift];
High1=High[shift+1];
High2=High[shift+2];
High3=High[shift+3];
High4=High[shift+4];
High5=High[shift+5];
High6=High[shift+6];
//
Low0=Low[shift];
Low1=Low[shift+1];
Low2=Low[shift+2];
Low3=Low[shift+3];
Low4=Low[shift+4];
Low5=Low[shift+5];
Low6=Low[shift+6];
//----
if (OpenClose>0)
{
High0=MathMax(Close[shift],Open[shift]);
High1=MathMax(Close[shift+1],Open[shift+1]);
High2=MathMax(Close[shift+2],Open[shift+2]);
High3=MathMax(Close[shift+3],Open[shift+3]);
High4=MathMax(Close[shift+4],Open[shift+4]);
High5=MathMax(Close[shift+5],Open[shift+5]);
High6=MathMax(Close[shift+6],Open[shift+6]);
//
Low0=MathMin(Close[shift],Open[shift]);
Low1=MathMin(Close[shift+1],Open[shift+1]);
Low2=MathMin(Close[shift+2],Open[shift+2]);
Low3=MathMin(Close[shift+3],Open[shift+3]);
Low4=MathMin(Close[shift+4],Open[shift+4]);
Low5=MathMin(Close[shift+5],Open[shift+5]);
Low6=MathMin(Close[shift+6],Open[shift+6]);
}
if (ChannelType==1)
{
if (High2<=High1 && High0<High1) v1=High1;
if (Low2>=Low1 && Low0>Low1) v2=Low1;
}
if (ChannelType==2)
{
if (High4<=High2 && High3<=High2 && High0<High2 && High1<High2)
v1=High2;
if (Low4>=Low2 && Low3>=Low2 && Low0>Low2 && Low1>Low2)
v2=Low2;
}
if (ChannelType==3)
{
if (High6<=High3 && High5<=High3 && High4<=High3 &&
High0<High3 && High1<High3 && High2<High3)
v1=High3;
if (Low6>=Low3 && Low5>=Low3 && Low4>=Low3 &&
Low0>Low3 && Low1>Low3 && Low2>Low3)
v2=Low3;
}
if(v1>0)smax=v1;
if (High0>smax) smax=High0;
if(v2>0)smin=v2;
if (Low0<smin) smin=Low0;
if (shift==Bars-1-2*ChannelType) {smin=Low0;smax=High0;}
//----
UpBuffer[shift]=smax-(smax-smin)*Margins;
DnBuffer[shift]=smin+(smax-smin)*Margins;
MdBuffer[shift]=(UpBuffer[shift]+DnBuffer[shift])/2;
}
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_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: