/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| LSMA_Channel.mq4 |
//| Copyright © 2005, MetaQuotes Software Corp. |
//| http://www.metaquotes.net/ |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net/"
#property indicator_chart_window
//---- indicator parameters
extern int IdNum = 1;
extern int RPeriod = 28;
extern color MidColor = Red;
extern int LineWeight = 1;
extern int PriceVal = 0; // 0 = Close, 1 = Low, 2 = High
extern double StDevOutside2 = 2.55;
extern color Outside2 = Red;
extern double StDevOutside = 1.618;
extern color Outside = Brown;
extern double StDevInside = 0.809;
extern color Inside = Green;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//----
ObjectCreate("Reg_line"+IdNum, OBJ_TREND, 0, 0,0, 0,0);
ObjectSet("Reg_line"+IdNum, OBJPROP_COLOR, MidColor);
ObjectSet("Reg_line"+IdNum, OBJPROP_STYLE, STYLE_SOLID);
ObjectSet("Reg_line"+IdNum, OBJPROP_WIDTH, LineWeight);
ObjectCreate("Reg_Outside_upper" +IdNum, OBJ_TREND, 0, 0,0, 0,0);
ObjectSet("Reg_Outside_upper"+IdNum, OBJPROP_COLOR, Outside);
ObjectSet("Reg_Outside_upper"+IdNum, OBJPROP_STYLE, STYLE_SOLID);
ObjectSet("Reg_Outside_upper"+IdNum, OBJPROP_WIDTH, LineWeight);
ObjectCreate("Reg_Outside_lower" +IdNum, OBJ_TREND, 0, 0,0, 0,0);
ObjectSet("Reg_Outside_lower"+IdNum, OBJPROP_COLOR, Outside);
ObjectSet("Reg_Outside_lower"+IdNum, OBJPROP_STYLE, STYLE_SOLID);
ObjectSet("Reg_Outside_lower"+IdNum, OBJPROP_WIDTH, LineWeight);
ObjectCreate("Reg_Inside_upper" +IdNum, OBJ_TREND, 0, 0,0, 0,0);
ObjectSet("Reg_Inside_upper"+IdNum, OBJPROP_COLOR, Inside);
ObjectSet("Reg_Inside_upper"+IdNum, OBJPROP_STYLE, STYLE_SOLID);
ObjectSet("Reg_Inside_upper"+IdNum, OBJPROP_WIDTH, LineWeight);
ObjectCreate("Reg_Inside_lower" +IdNum, OBJ_TREND, 0, 0,0, 0,0);
ObjectSet("Reg_Inside_lower"+IdNum, OBJPROP_COLOR, Inside);
ObjectSet("Reg_Inside_lower"+IdNum, OBJPROP_STYLE, STYLE_SOLID);
ObjectSet("Reg_Inside_lower"+IdNum, OBJPROP_WIDTH, LineWeight);
ObjectCreate("Reg_Outside2_upper" +IdNum, OBJ_TREND, 0, 0,0, 0,0);
ObjectSet("Reg_Outside2_upper"+IdNum, OBJPROP_COLOR, Outside2);
ObjectSet("Reg_Outside2_upper"+IdNum, OBJPROP_STYLE, STYLE_SOLID);
ObjectSet("Reg_Outside2_upper"+IdNum, OBJPROP_WIDTH, LineWeight);
ObjectCreate("Reg_Outside2_lower" +IdNum, OBJ_TREND, 0, 0,0, 0,0);
ObjectSet("Reg_Outside2_lower"+IdNum, OBJPROP_COLOR, Outside2);
ObjectSet("Reg_Outside2_lower"+IdNum, OBJPROP_STYLE, STYLE_SOLID);
ObjectSet("Reg_Outside2_lower"+IdNum, OBJPROP_WIDTH, LineWeight);
Comment("Regression channel");
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
void deinit() {
ObjectDelete("Reg_line"+IdNum);
ObjectDelete("Reg_Outside_upper" +IdNum);
ObjectDelete("Reg_Outside_lower" +IdNum);
ObjectDelete("Reg_Inside_upper" +IdNum);
ObjectDelete("Reg_Inside_lower" +IdNum);
ObjectDelete("Reg_Outside2_upper" +IdNum);
ObjectDelete("Reg_Outside2_lower" +IdNum);
Comment("");
}
//+------------------------------------------------------------------+
//| Regression Line |
//+------------------------------------------------------------------+
int start()
{
double y1,y2, price;
double sum_xy, sum_x, sum_y, sum_x2, a, b;
double stddiv, tmp_div;
double x_n_upOut, x_1_upOut, x_n_downOut, x_1_downOut;
double x2_n_upOut, x2_1_upOut, x2_n_downOut, x2_1_downOut;
double x_n_upIn, x_1_upIn, x_n_downIn, x_1_downIn;
int x, n;
//----
if(Bars<=RPeriod) return(0);
// Initialize summations
sum_xy = 0;
sum_x = 0;
sum_y = 0;
sum_x2 = 0;
a = 0;
b = 0;
y1 = 0;
y2 = 0;
tmp_div = 0;
n = RPeriod;
// Calculate sums
for(x=RPeriod;x>0;x--)
{
switch (PriceVal)
{
case 0: price = Close[x];
break;
case 1: price = Low[x];
break;
case 2: price = High[x];
break;
}
sum_xy = sum_xy + x*price;
sum_x = sum_x + x;
sum_y = sum_y + price;
sum_x2 = sum_x2 + x*x;
}
// Calculate slope b and intercept a
b = (n*sum_xy - sum_x*sum_y)/(n*sum_x2 - sum_x*sum_x);
a = (sum_y - b*sum_x)/n;
// Calculate endpoints for least squares line
y1 = a + b*n;
y2 = a + b;
// Plot the line
ObjectSet("Reg_line"+IdNum, OBJPROP_TIME1, Time[RPeriod]);
ObjectSet("Reg_line"+IdNum, OBJPROP_TIME2, Time[0]);
ObjectSet("Reg_line"+IdNum, OBJPROP_PRICE1, y1);
ObjectSet("Reg_line"+IdNum, OBJPROP_PRICE2, y2);
// Calculate the standard deviations of the line
for (x=RPeriod; x>0; x--) {
switch (PriceVal)
{
case 0: price = Close[x];
break;
case 1: price = Low[x];
break;
case 2: price = High[x];
break;
}
tmp_div = tmp_div + (price - (a + b*x))*(price - (a + b*x));
}
stddiv = MathSqrt(tmp_div/n);
x_n_upOut = y1 + StDevOutside*stddiv;
x_1_upOut = y2 + StDevOutside*stddiv;
x_n_downOut = y1 - StDevOutside*stddiv;
x_1_downOut = y2 - StDevOutside*stddiv;
x_n_upIn = y1 + StDevInside*stddiv;
x_1_upIn = y2 + StDevInside*stddiv;
x_n_downIn = y1 - StDevInside*stddiv;
x_1_downIn = y2 - StDevInside*stddiv;
x2_n_upOut = y1 + StDevOutside2*stddiv;
x2_1_upOut = y2 + StDevOutside2*stddiv;
x2_n_downOut = y1 - StDevOutside2*stddiv;
x2_1_downOut = y2 - StDevOutside2*stddiv;
// Plot the standard deviation lines
// OUTSIDE
//upper
ObjectSet("Reg_Outside_upper"+IdNum, OBJPROP_TIME1, Time[RPeriod]);
ObjectSet("Reg_Outside_upper"+IdNum, OBJPROP_TIME2, Time[0]);
ObjectSet("Reg_Outside_upper"+IdNum, OBJPROP_PRICE1, x_n_upOut);
ObjectSet("Reg_Outside_upper"+IdNum, OBJPROP_PRICE2, x_1_upOut);
//lower
ObjectSet("Reg_Outside_lower"+IdNum, OBJPROP_TIME1, Time[RPeriod]);
ObjectSet("Reg_Outside_lower"+IdNum, OBJPROP_TIME2, Time[0]);
ObjectSet("Reg_Outside_lower"+IdNum, OBJPROP_PRICE1, x_n_downOut);
ObjectSet("Reg_Outside_lower"+IdNum, OBJPROP_PRICE2, x_1_downOut);
// OUTSIDE2
//upper
ObjectSet("Reg_Outside2_upper"+IdNum, OBJPROP_TIME1, Time[RPeriod]);
ObjectSet("Reg_Outside2_upper"+IdNum, OBJPROP_TIME2, Time[0]);
ObjectSet("Reg_Outside2_upper"+IdNum, OBJPROP_PRICE1, x2_n_upOut);
ObjectSet("Reg_Outside2_upper"+IdNum, OBJPROP_PRICE2, x2_1_upOut);
//lower
ObjectSet("Reg_Outside2_lower"+IdNum, OBJPROP_TIME1, Time[RPeriod]);
ObjectSet("Reg_Outside2_lower"+IdNum, OBJPROP_TIME2, Time[0]);
ObjectSet("Reg_Outside2_lower"+IdNum, OBJPROP_PRICE1, x2_n_downOut);
ObjectSet("Reg_Outside2_lower"+IdNum, OBJPROP_PRICE2, x2_1_downOut);
//INSIDE
//upper
ObjectSet("Reg_Inside_upper"+IdNum, OBJPROP_TIME1, Time[RPeriod]);
ObjectSet("Reg_Inside_upper"+IdNum, OBJPROP_TIME2, Time[0]);
ObjectSet("Reg_Inside_upper"+IdNum, OBJPROP_PRICE1, x_n_upIn);
ObjectSet("Reg_Inside_upper"+IdNum, OBJPROP_PRICE2, x_1_upIn);
//lower
ObjectSet("Reg_Inside_lower"+IdNum, OBJPROP_TIME1, Time[RPeriod]);
ObjectSet("Reg_Inside_lower"+IdNum, OBJPROP_TIME2, Time[0]);
ObjectSet("Reg_Inside_lower"+IdNum, OBJPROP_PRICE1, x_n_downIn);
ObjectSet("Reg_Inside_lower"+IdNum, OBJPROP_PRICE2, x_1_downIn);
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains close prices for each bar
Series array that contains the lowest prices of each bar
Series array that contains the highest 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: