//+------------------------------------------------------------------+ //| FX5_Divergence_v1-1_realtime.mq4 | //| FX5 | //| hazem@uk2.net | //+------------------------------------------------------------------+ #property copyright "Copyright ? 2007, FX5" #property link "hazem@uk2.net" //---- #property indicator_separate_window #property indicator_buffers 5 #property indicator_color1 LimeGreen #property indicator_color2 FireBrick #property indicator_color3 Green #property indicator_color4 Red //---- input parameters extern string separator1 = "*** OSMA Settings ***"; extern int fastEMA = 12; extern int slowEMA = 26; extern int signal = 9; extern string separator2 = "*** Indicator Settings"; extern double positiveSensitivity = 0.0001; extern double negativeSensitivity = -0.0001; extern double historyBarsCount = 0; extern bool drawDivergenceLines = true; //---- buffers double upOsMA[]; double downOsMA[]; double bullishDivergence[]; double bearishDivergence[]; double OsMA[]; double MACD[]; double Signal[]; //static int chartBarsCount; int chartBarsCount; //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int init() { //---- indicators IndicatorBuffers(7); //---- SetIndexStyle(0, DRAW_HISTOGRAM, STYLE_SOLID, 2); SetIndexBuffer(0, upOsMA); SetIndexStyle(1, DRAW_HISTOGRAM, STYLE_SOLID, 2); SetIndexBuffer(1, downOsMA); SetIndexStyle(2, DRAW_ARROW); SetIndexBuffer(2, bullishDivergence); SetIndexArrow(2, 233); SetIndexStyle(3, DRAW_ARROW); SetIndexBuffer(3, bearishDivergence); SetIndexArrow(3, 234); SetIndexStyle(4, DRAW_NONE); SetIndexBuffer(4, OsMA); // additional buffers SetIndexBuffer(5, MACD); SetIndexBuffer(6, Signal); //---- SetIndexDrawBegin(0, signal); SetIndexDrawBegin(1, signal); //---- IndicatorDigits(MarketInfo(Symbol(), MODE_DIGITS) + 2); IndicatorShortName("FX5_Divergence(" + fastEMA + "," + slowEMA + "," + signal + ")"); //---- //if(historyBarsCount <= 0 || historyBarsCount > Bars) // chartBarsCount = Bars; //else // chartBarsCount = historyBarsCount; //---- return(0); } //+------------------------------------------------------------------+ //| Custom indicator deinitialization function | //+------------------------------------------------------------------+ int deinit() { for(int i = ObjectsTotal() - 1; i >= 0; i--) { string label = ObjectName(i); if(StringSubstr(label, 0, 14) != "DivergenceLine") continue; ObjectDelete(label); } return(0); } //+------------------------------------------------------------------+ //| Custom indicator iteration function | //+------------------------------------------------------------------+ int start() { if(historyBarsCount <= 0 || historyBarsCount > Bars) chartBarsCount = Bars; else chartBarsCount = historyBarsCount; int countedBars = IndicatorCounted(); if(countedBars < 0) countedBars = 0; //---- CalculateOsMA(countedBars); CalculateDivergence(countedBars); //---- return(0); } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ void CalculateDivergence(int countedBars) { double arrowSeparation = 1 / MathPow(10, MarketInfo(Symbol(), MODE_DIGITS) + 2) * 50; //---- for(int i = chartBarsCount - countedBars; i >= 0; i--) { bearishDivergence[i] = EMPTY_VALUE; bullishDivergence[i] = EMPTY_VALUE; //---- int firstPeakOrTroughShift = GetFirstPeakOrTrough(i); double firstPeakOrTroughOsMA = OsMA[firstPeakOrTroughShift]; if(firstPeakOrTroughOsMA > 0) { int peak_0 = GetIndicatorLastPeak(i); int trough_0 = GetIndicatorLastTrough(peak_0); int peak_1 = GetIndicatorLastPeak(trough_0); int trough_1 = GetIndicatorLastTrough(peak_1); } else { trough_0 = GetIndicatorLastTrough(i); peak_0 = GetIndicatorLastPeak(trough_0); trough_1 = GetIndicatorLastTrough(peak_0); peak_1 = GetIndicatorLastPeak(trough_1); } //---- if(peak_0 == -1 || peak_1 == -1 || trough_0 == -1 || trough_1 == -1) continue; //---- double indicatorLastPeak = OsMA[peak_0]; double indicatorThePeakBefore = OsMA[peak_1]; double indicatorLastTrough = OsMA[trough_0]; double indicatorTheTroughBefore = OsMA[trough_1]; /* int pricePeak_0 = GetPriceLastPeak(peak_0); int pricePeak_1 = GetPriceLastPeak(peak_1); int priceTrough_0 = GetPriceLastTrough(trough_0); int priceTrough_1 = GetPriceLastTrough(trough_1); */ int pricePeak_0 = peak_0; int pricePeak_1 = peak_1; int priceTrough_0 = trough_0; int priceTrough_1 = trough_1; //---- double priceLastPeak = High[pricePeak_0]; double priceThePeakBefore = High[pricePeak_1]; double priceLastTrough = Low[priceTrough_0]; double priceTheTroughBefore = Low[priceTrough_1]; // Bearish divergence condition if((priceLastPeak > priceThePeakBefore && indicatorLastPeak < indicatorThePeakBefore) || (priceLastPeak < priceThePeakBefore && indicatorLastPeak > indicatorThePeakBefore)) { bearishDivergence[peak_0] = upOsMA[peak_0] + arrowSeparation; if(drawDivergenceLines) { PriceDrawLine(Time[pricePeak_0], Time[pricePeak_1], priceLastPeak, priceThePeakBefore, Red); IndicatorDrawLine(Time[peak_0], Time[peak_1], indicatorLastPeak, indicatorThePeakBefore, Red); } continue; } // Bullish divergence condition if((priceLastTrough < priceTheTroughBefore && indicatorLastTrough > indicatorTheTroughBefore) || (priceLastTrough > priceTheTroughBefore && indicatorLastTrough < indicatorTheTroughBefore)) { bullishDivergence[trough_0] = downOsMA[trough_0] - arrowSeparation; if(drawDivergenceLines) { PriceDrawLine(Time[priceTrough_0], Time[priceTrough_1], priceLastTrough, priceTheTroughBefore, Green); IndicatorDrawLine(Time[trough_0], Time[trough_1], indicatorLastTrough, indicatorTheTroughBefore, Green); } continue; } } } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ void CalculateOsMA(int countedBars) { for(int i = Bars - countedBars; i >= 0; i--) { MACD[i]=iMA(NULL, 0, fastEMA, 0, MODE_EMA, PRICE_CLOSE, i) - iMA(NULL, 0, slowEMA, 0, MODE_EMA, PRICE_CLOSE, i); } for(i = Bars - countedBars; i >= 0; i--) { Signal[i] = iMAOnArray(MACD, Bars, signal, 0, MODE_SMA, i); OsMA[i] = MACD[i] - Signal[i]; //---- if(OsMA[i] > 0) { upOsMA[i] = OsMA[i]; downOsMA[i] = 0; } else if(OsMA[i] < 0) { downOsMA[i] = OsMA[i]; upOsMA[i] = 0; } else { upOsMA[i] = 0; downOsMA[i] = 0; } } } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ int GetPositiveRegionStart(int index) { int regionStart; for(int i = index + 1; i < Bars; i++) { if(OsMA[i] >= OsMA[i-1] && OsMA[i] >= OsMA[i+1] && OsMA[i] >= OsMA[i+2] && OsMA[i] > positiveSensitivity) return(i); } return(-1); } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ int GetNegativeRegionStart(int index) { for(int i = index + 1; i < Bars; i++) { if(OsMA[i] <= OsMA[i-1] && OsMA[i] <= OsMA[i+1] && OsMA[i] <= OsMA[i+2] && OsMA[i] < negativeSensitivity) return(i); } return(-1); } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ int GetFirstPeakOrTrough(int index) { for(int i = index + 1; i < Bars; i++) { if((OsMA[i] >= OsMA[i-1] && OsMA[i] >= OsMA[i+1] && OsMA[i] >= OsMA[i+2] && OsMA[i] > positiveSensitivity) || (OsMA[i] <= OsMA[i-1] && OsMA[i] <= OsMA[i+1] && OsMA[i] <= OsMA[i+2] && OsMA[i] < negativeSensitivity)) return(i); } return(-1); } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ int GetIndicatorLastPeak(int index) { int regionStart = GetPositiveRegionStart(index); if(regionStart == -1) return(-1); //---- int peakShift = 0; double peakValue = 0; //---- for(int i = regionStart; i < Bars; i++) { if(OsMA[i] > peakValue && OsMA[i] >= OsMA[i-1] && OsMA[i] >= OsMA[i+1] && OsMA[i] >= OsMA[i+2] && OsMA[i] > positiveSensitivity) { peakValue = OsMA[i]; peakShift = i; } if(OsMA[i] < 0) break; } return(peakShift); } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ int GetIndicatorLastTrough(int index) { int regionStart = GetNegativeRegionStart(index); if(regionStart == -1) return(-1); //---- int troughShift = 0; double troughValue = 0; //---- for(int i = regionStart; i < Bars; i++) { if(OsMA[i] < troughValue && OsMA[i] <= OsMA[i-1] && OsMA[i] <= OsMA[i+1] && OsMA[i] <= OsMA[i+2] && OsMA[i] < negativeSensitivity) { troughValue = OsMA[i]; troughShift = i; } if(OsMA[i] > 0) break; } return(troughShift); } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ void PriceDrawLine(datetime x1, datetime x2, double y1, double y2, color lineColor) { string label = "DivergenceLine# " + DoubleToStr(x1, 0); ObjectDelete(label); ObjectCreate(label, OBJ_TREND, 0, x1, y1, x2, y2, 0, 0); ObjectSet(label, OBJPROP_RAY, 0); ObjectSet(label, OBJPROP_COLOR, lineColor); } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ void IndicatorDrawLine(datetime x1, datetime x2, double y1, double y2, color lineColor) { int indicatorWindow = WindowFind("FX5_Divergence(" + fastEMA + "," + slowEMA + "," + signal + ")"); if(indicatorWindow < 0) return; //---- string label = "DivergenceLine$# " + DoubleToStr(x1, 0); ObjectDelete(label); ObjectCreate(label, OBJ_TREND, indicatorWindow, x1, y1, x2, y2, 0, 0); ObjectSet(label, OBJPROP_RAY, 0); ObjectSet(label, OBJPROP_COLOR, lineColor); } //+------------------------------------------------------------------+
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 open time of each bar
Indicator Curves created:
Implements a curve of type DRAW_HISTOGRAM
Implements a curve of type DRAW_ARROW
Implements a curve of type DRAW_NONE
Indicators Used:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: