/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//|
//|
//+------------------------------------------------------------------+
#property copyright "HiLoBands"
#property link ""
#property indicator_chart_window
#property indicator_buffers 5
#property indicator_color1 White
#property indicator_color2 Aqua
#property indicator_color3 Aqua
#property indicator_color4 Orange
#property indicator_color5 Orange
// THIS SHOWS A BUG WITH THE LOWER BANDS ON MY METATRADER
extern int CountBars=4000;
extern int bandlen=9;
int counter=0;
//---- buffers
double highline[],lowline[];
double highline2[],lowline2[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
IndicatorBuffers(4);
SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_LINE);
SetIndexBuffer(0,highline);
SetIndexBuffer(1,lowline);
SetIndexStyle(2,DRAW_LINE);
SetIndexStyle(3,DRAW_LINE);
SetIndexBuffer(2,highline2);
SetIndexBuffer(3,lowline2);
//----
return(0);
}
//+------------------------------------------------------------------+
//| SilverTrend_PowerLaw |
//+------------------------------------------------------------------+
int start()
{
CountBars = MathMin(Bars-bandlen-1,CountBars);
int i,shift,counted_bars=IndicatorCounted();
int i1,i2;
int limit;
//----
//----
if (counted_bars<0) return(-1);
if (counted_bars>0) counted_bars--;
limit = CountBars; // -counted_bars;
if (limit < 1) limit = 1;
ArrayResize(highline,limit);
ArrayResize(lowline,limit);
for (shift = limit; shift>=0; shift--)
{
double center, highweighted, lowweighted,range;
// collect running highs and lows back in time.
// high[k] means the highest high in the previous 'k' timesteps,
// starting at shift. Therefore high[k] must be monotonically increasing
// as low[k] is monotonically decreasing.
//
int offset = 1;
// for offset = 1 start computing using previous bar's data only, this may be
// needed for causality if using a trading system
double H1,L1;
double H2,L2;
H1 = High[Highest(Symbol(),0,PRICE_HIGH,bandlen,shift+offset)];
L1 = Low[Lowest(Symbol(),0,PRICE_LOW,bandlen,shift+offset)];
highline[shift] = H1;
lowline[shift] = L1;
// now do it manually
H2 = High[shift+offset];
L2 = Low[shift+offset];
for (int k=1; k < bandlen; k++) {
double HV = High[shift+k+offset];
if (HV > H2) H2 = HV;
//L2 = MathMin(L2,iLow(Symbol(),0,shift+k+offset));
double LV = Low[shift+k+offset];
if (LV < L2) L2 = LV;
}
highline2[shift] = H2;
lowline2[shift] = L2;
}
//for (shift = limit; shift >= 0; shift--) {
// if (shift < CountBars-SmoothingLength-1) {
// smoothed[shift] = iMAOnArray(centerline,0,SmoothingLength,ma_shift,MODE_SMA,shift);
// smoothedhigh[shift] = smoothed[shift] + range/2*WidthPCT/100;
// smoothedlow[shift] = smoothed[shift]- range/2*WidthPCT/100;
//
// } else
// smoothed[shift] = 0.0;
//
// }
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
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: