//+------------------------------------------------------------------+
//| LeManStop.mq4 |
//| Copyright © 2009, LeMan. |
//| b-market@mail.ru |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2009, LeMan."
#property link "b-market@mail.ru"
//----
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_color1 Red
#property indicator_width1 1
#property indicator_style1 2
//----
extern int per = 24;
extern int coef = 4;
extern int fastEMA = 9;
extern int slowEMA = 18;
//----
double ExtBuffer[];
//+------------------------------------------------------------------+
int init() {
//----
SetIndexBuffer(0,ExtBuffer);
SetIndexStyle(0,DRAW_LINE);
//----
return(0);
}
//+------------------------------------------------------------------+
int start() {
//----
double Stop = 0;
int counted_bars = IndicatorCounted();
int limit = Bars-per-3;
//----
for (int shift = limit; shift >= 0; shift--) {
double EMA0 = iMA(Symbol(),0,fastEMA,0,MODE_EMA,0,shift)-iMA(Symbol(),0,slowEMA,0,MODE_EMA,0,shift);
double EMA1 = iMA(Symbol(),0,fastEMA,0,MODE_EMA,0,shift+1)-iMA(Symbol(),0,slowEMA,0,MODE_EMA,0,shift+1);
double PreStop = ExtBuffer[shift+1];
double x = 0;
double Counter = 0;
if (EMA0 > 0) {
for (int value1 = 0; value1 <= per; value1++) {
x = Open[shift+value1]-Low[shift+value1]+x;
Counter++;
}
if (Counter != 0) {
Stop = Open[shift]-(coef*(x/Counter));
} else {
Stop = Open[shift]-(coef*x);
}
if ((Stop < PreStop) && (EMA1 > 0)) {
Stop = PreStop;
}
}
if (EMA0 < 0) {
for (value1 = 0; value1 <= per; value1++) {
x = High[shift+value1]-Open[shift+value1]+x;
Counter++;
}
if (Counter != 0) {
Stop = Open[shift+1]+(coef*(x/Counter));
} else {
Stop = Open[shift+1]+(coef*x);
}
if ((Stop > PreStop) && (EMA1 < 0)) {
Stop = PreStop;
}
}
PreStop = Stop;
ExtBuffer[shift] = Stop;
}
//----
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains the lowest prices of each bar
Series array that contains open prices of each bar
Series array that contains the highest prices of each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: