//+------------------------------------------------------------------+
//| HighsLowsSignalAlert.mq4 |
//| Copyright © 2006, Robert Hill |
//+------------------------------------------------------------------+
//+------------------------------------------------------------------+
//| Allows you to enter a number and it will then show you at |
//| which point that many higher highs/higher lows or |
//| lower highs/lower lows candles occur. |
//| It also give an alert if the current bar has the |
//| required number of candles before it. |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Robert Hill"
//----
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 LawnGreen
#property indicator_color2 Red
#property indicator_width1 3
#property indicator_width2 3
//----
extern bool SoundON=true;
extern int HowManyCandles=3;
//----
double TrendUp[];
double TrendDown[];
double alertTag;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
// IndicatorBuffers(4);
SetIndexStyle(0, DRAW_ARROW, EMPTY, 3);
SetIndexArrow(0, 233);
SetIndexBuffer(0, TrendUp);
SetIndexStyle(1, DRAW_ARROW, EMPTY, 3);
SetIndexArrow(1, 234);
SetIndexBuffer(1, TrendDown);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int limit, i, counter;
double Range, AvgRange;
int HigherHighs,HigherLows;
int LowerHighs,LowerLows;
int counted_bars=IndicatorCounted();
//---- check for possible errors
if(counted_bars<0) return(-1);
//---- last counted bar will be recounted
if(counted_bars>0) counted_bars--;
//----
limit=Bars-counted_bars;
//----
for(i=0; i<=limit; i++)
{
counter=i;
Range=0;
AvgRange=0;
for(counter=i ;counter<=i+9;counter++)
{
AvgRange=AvgRange+MathAbs(High[counter]-Low[counter]);
}
Range=AvgRange/10;
//----
HigherHighs=0;
HigherLows=0;
LowerHighs=0;
LowerLows=0;
for(counter=i;counter<i+HowManyCandles;counter++)
{
if (High[counter] > High[counter+1]) HigherHighs++;
if (Low[counter] > Low[counter+1]) HigherLows++;
if (High[counter] < High[counter+1]) LowerHighs++;
if (Low[counter] < Low[counter+1]) LowerLows++;
}
if (HigherHighs==HowManyCandles && HigherLows==HowManyCandles)
{
TrendUp[i]=Low[i] - Range*0.75;
if(alertTag!=Time[0])
{
PlaySound("news.wav");// buy wav
Alert(Symbol()," M",Period(),HowManyCandles," HigherHighs/HigherLows");
}
alertTag=Time[0];
}
else if (LowerHighs==HowManyCandles && LowerLows==HowManyCandles)
{
TrendDown[i]=High[i] + Range*0.75;
if(alertTag!=Time[0])
{
PlaySound("news.wav"); //sell wav
Alert(Symbol()," M",Period(),HowManyCandles," LowerHighs/LowerLows");
}
alertTag=Time[0];
}
}
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 open time of each bar
Indicator Curves created:
Implements a curve of type DRAW_ARROW
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features:
It plays sound alerts
It issuies visual alerts to the screen