//+------------------------------------------------------------------+
//| Lines_HiLo.mq4 |
//|
//|
//+------------------------------------------------------------------+
#property copyright "TradeForex"
#property link ""
#property indicator_chart_window
extern int Lookback_Period = 15;
extern int Buy_At_Low_Plus = 20;
extern int Sell_At_High_Minus = 20;
extern bool ViewComment = true;
double period_Low=0;
double period_High=0;
double Period_Low_Line;
double Period_High_Line;
double Buy_Line=0;
double Sell_Line=0;
double BuyAt = 0;
double SellAt =0;
double HighAt = 0;
double LowAt =0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
ObjectDelete("BuyAt Label");
ObjectDelete("BuyAt Line");
ObjectDelete("SellAt Label");
ObjectDelete("SellAt Line");
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
period_High =High[Highest(NULL,0,MODE_HIGH,Lookback_Period,1)];
period_Low =Low[Lowest(NULL,0,MODE_LOW,Lookback_Period,1)];
Period_Low_Line = (period_Low );
Period_High_Line = (period_High );
Buy_Line = (period_Low + Buy_At_Low_Plus * Point );
Sell_Line = (period_High - Sell_At_High_Minus * Point );
if (ViewComment==true){
Comment("Buy at break of = ",Buy_Line, " Sell at break of = ",Sell_Line);
}
{
SetLevel("High Line", Period_High_Line, Blue); //Blue
SetLevel("Low Line", Period_Low_Line, Blue); //Blue
SetLevel("LOW Plus Buy line", Buy_Line, Green); //Green
SetLevel("HIGH Minus Sell line", Sell_Line, Green); //Red
}
return(0);
}
//+------------------------------------------------------------------+
//| Helper |
//+------------------------------------------------------------------+
void SetLevel(string text, double level, color col1)
{
string labelname= text + " Label";
string linename= text + " Line";
if (ObjectFind(labelname) != 0) {
ObjectCreate(labelname, OBJ_TEXT, 0, Time[20], level);
ObjectSetText(labelname, " " + text, 8, "Arial", White);
}
else {
ObjectMove(labelname, 0, Time[20], level);
}
if (ObjectFind(linename) != 0) {
ObjectCreate(linename, OBJ_HLINE, 0, Time[40], level);
ObjectSet(linename, OBJPROP_STYLE, STYLE_SOLID);
ObjectSet(linename,OBJPROP_LEVELWIDTH, 5);
ObjectSet(linename, OBJPROP_COLOR, col1);
}
else {
ObjectMove(linename, 0, Time[40], level);
}
}
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:
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: