MACD_Divergence





/*-----------------------------+
|			       |
| Shared by www.Aptrafx.com    |
|			       |
+------------------------------*/

//+------------------------------------------------------------------+
//|                                              MACD_Divergence.mq4 |
//|                      Copyright © 2006, Cartwright Software Corp. |
//|                                        http://www.cartwright.net |
//|                                         Author: Randy Cartwright |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Cartwright Software Corp."
#property link      "http://www.cartwright.net"

#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 Teal //Aqua
#property indicator_color2 Red
#property indicator_color3 Blue //DodgerBlue //Silver
//---- input parameters
extern int shift=1, DivSpread=15;
extern bool ShowComments=false;
extern int       FastEMA=12;
extern int       SlowEMA=26;
extern int       SignalSMA=9;

double macdHigh1, macdHigh2, val3, val4;
double macdLow1, macdLow2;
//---- buffers
double ExtMapBuffer3[];
//---- indicator buffers
double ExtSilverBuffer[];
double ExtRedBuffer[];
double ExtHistoryBuffer[];

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- drawing settings
   SetIndexStyle(0,DRAW_LINE);
   SetIndexStyle(1,DRAW_LINE);
   SetIndexStyle(2,DRAW_HISTOGRAM);
   SetIndexBuffer(2,ExtMapBuffer3);
//----
   SetIndexDrawBegin(1,SignalSMA);
   IndicatorDigits(5);
//---- indicator buffers mapping
   SetIndexBuffer(0, ExtSilverBuffer);
   SetIndexBuffer(1, ExtRedBuffer);
   SetIndexBuffer(2, ExtHistoryBuffer);
//---- name for DataWindow and indicator subwindow label
   IndicatorShortName("Randy_Cs_MACD("+FastEMA+","+SlowEMA+","+SignalSMA+")");
//---- initialization done
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//----
ObjectDelete("MACD_HL");
ObjectDelete("MACD_LL");
ObjectDelete("Chart_HL");
ObjectDelete("Chart_LL");  
//----
   return(0);
  }  
//+------------------------------------------------------------------+
//| Moving Averages Convergence/Divergence                           |
//+------------------------------------------------------------------+
int start()
  {
   int limit;
   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;
//---- macd counted in the 1-st buffer

   for(int i=0; i<limit; i++)
      ExtSilverBuffer[i]=iMA(NULL,0,FastEMA,0,MODE_EMA,PRICE_CLOSE,i)-iMA(NULL,0,SlowEMA,0,MODE_EMA,PRICE_CLOSE,i);
//---- signal line counted in the 2-nd buffer
   for(i=0; i<limit; i++)
      ExtRedBuffer[i]=iMAOnArray(ExtSilverBuffer,Bars,SignalSMA,0,MODE_SMA,i);
   for(i=0; i<limit; i++)
      ExtHistoryBuffer[i]=iMA(NULL,0,FastEMA,0,MODE_EMA,PRICE_CLOSE,i)-iMA(NULL,0,SlowEMA,0,MODE_EMA,PRICE_CLOSE,i) - iMAOnArray(ExtSilverBuffer,Bars,SignalSMA,0,MODE_SMA,i);
/*
macdHigh1=iMA(NULL,0,FastEMA,0,MODE_EMA,PRICE_CLOSE,20)-iMA(NULL,0,SlowEMA,0,MODE_EMA,PRICE_CLOSE,20); //Teal__ExtSilverBuffer
macdHigh2=iMAOnArray(ExtSilverBuffer,Bars,SignalSMA,0,MODE_SMA,20); //Red Line ExtRedBuffer
val3=iMA(NULL,0,FastEMA,0,MODE_EMA,PRICE_CLOSE,10)-iMA(NULL,0,SlowEMA,0,MODE_EMA,PRICE_CLOSE,10) - iMAOnArray(ExtSilverBuffer,Bars,SignalSMA,0,MODE_SMA,10);
*/

string timeFrame=0; //PERIOD_M15
int firstHighTime, firstLowTime;
int secondHighTime, secondLowTime;
double firstHigh, secondHigh, firstLow, secondLow;
bool findsecondHigh=false, findsecondHighCompleted=false, findsecondLow=false, findsecondLowCompleted=false;
bool findsecondHighLow=false, findsecondLowHigh=false;

firstHighTime=iTime(NULL,timeFrame, shift);
firstHigh=iHigh(NULL,timeFrame,shift);// + iLow(NULL,timeFrame,shift)) /2;
firstLow=iLow(NULL,timeFrame,shift);// + iLow(NULL,timeFrame,shift)) /2;
firstLowTime=iTime(NULL,timeFrame, shift);
//macdPrice
macdHigh1=iMA(NULL,timeFrame,FastEMA,0,MODE_EMA,PRICE_CLOSE,shift)-iMA(NULL,timeFrame,SlowEMA,0,MODE_EMA,PRICE_CLOSE,shift);
macdLow1=iMA(NULL,timeFrame,FastEMA,0,MODE_EMA,PRICE_CLOSE,shift)-iMA(NULL,timeFrame,SlowEMA,0,MODE_EMA,PRICE_CLOSE,shift);

int candleHigh, candleLow;
double high, low;

for(i=shift+1; i<Bars; i++) { //limit
// High Divergence
high=iHigh(NULL,timeFrame,i);// + iLow(NULL,timeFrame,i)) /2;
if (findsecondHigh==false && findsecondHighLow==false && high + DivSpread*Point  <= firstHigh) //&& findsecondHigh==false
    findsecondHigh=true;

if (findsecondHigh==true && findsecondHighCompleted==false && high >= firstHigh) {
   secondHigh=iHigh(NULL,timeFrame,i);// + iLow(NULL,timeFrame,i)) /2;
   secondHighTime=iTime(NULL,timeFrame, i);
   macdHigh2=iMA(NULL,timeFrame,FastEMA,0,MODE_EMA,PRICE_CLOSE,i)-iMA(NULL,timeFrame,SlowEMA,0,MODE_EMA,PRICE_CLOSE,i);
   findsecondHighCompleted=true;
   }
if (findsecondHigh==false && findsecondHighLow==false && high - DivSpread*Point  >= firstHigh) //&& findsecondHigh==false
    {findsecondHighLow=true;}

if (findsecondHighLow==true && findsecondHighCompleted==false && high <= firstHigh) {
   secondHigh=iHigh(NULL,timeFrame,i);// + iLow(NULL,timeFrame,i)) /2;
   secondHighTime=iTime(NULL,timeFrame, i);
   macdHigh2=iMA(NULL,timeFrame,FastEMA,0,MODE_EMA,PRICE_CLOSE,i)-iMA(NULL,timeFrame,SlowEMA,0,MODE_EMA,PRICE_CLOSE,i);
   findsecondHighCompleted=true;
   }   

// Low Divergence
low=iLow(NULL,timeFrame,i);// + iLow(NULL,timeFrame,i)) /2;
if (findsecondLow==false && findsecondLowHigh==false && low - DivSpread*Point  >= firstLow) //&& findsecondLow==false
    findsecondLow=true;
//else    
if (findsecondLow==false && findsecondLowHigh==false && low + DivSpread*Point  <= firstLow) //&& findsecondHigh==false
    {findsecondLowHigh=true;}    

if (findsecondLow==true && findsecondLowCompleted==false && low <= firstLow) { // || high <= firstLow) {
   secondLow=iLow(NULL,timeFrame,i);// + iLow(NULL,timeFrame,i)) /2;
   secondLowTime=iTime(NULL,timeFrame, i);
   macdLow2=iMA(NULL,timeFrame,FastEMA,0,MODE_EMA,PRICE_CLOSE,i)-iMA(NULL,timeFrame,SlowEMA,0,MODE_EMA,PRICE_CLOSE,i);
   findsecondLowCompleted=true;
   }
//else   
if (findsecondLowHigh==true && findsecondLowCompleted==false && low >= firstLow) { // || high >= firstLow) {
   secondLow=iLow(NULL,timeFrame,i);// + iLow(NULL,timeFrame,i)) /2;
   secondLowTime=iTime(NULL,timeFrame, i);
   macdLow2=iMA(NULL,timeFrame,FastEMA,0,MODE_EMA,PRICE_CLOSE,i)-iMA(NULL,timeFrame,SlowEMA,0,MODE_EMA,PRICE_CLOSE,i);
   findsecondLowCompleted=true;
   }       
      
if (findsecondHighCompleted==true && findsecondLowCompleted==true) break;

} // END FOR


//  MACD High Trendline
ObjectDelete("MACD_HL");
ObjectCreate("MACD_HL",OBJ_TREND,1,secondHighTime,macdHigh2,firstHighTime,macdHigh1);//secondLowTime,secondLow,firstLowTime,firstLow);
ObjectSet("MACD_HL",OBJPROP_COLOR,Lime); //Goldenrod
ObjectSet("MACD_HL",OBJPROP_WIDTH, 3);
ObjectSet("MACD_HL",OBJPROP_RAY, false);

//  Chart High Trendline
ObjectDelete("Chart_HL");
ObjectCreate("Chart_HL",OBJ_TREND,0,secondHighTime,secondHigh,firstHighTime,firstHigh);//secondHighTime,secondHigh,firstHighTime,firstHigh);
ObjectSet("Chart_HL",OBJPROP_COLOR,Lime);
ObjectSet("Chart_HL",OBJPROP_WIDTH, 3);
ObjectSet("Chart_HL",OBJPROP_RAY, false);

//  MACD Low Trendline
ObjectDelete("MACD_LL");
ObjectCreate("MACD_LL",OBJ_TREND,1,secondLowTime,macdLow2,firstLowTime,macdLow1);//secondLowTime,secondLow,firstLowTime,firstLow);
ObjectSet("MACD_LL",OBJPROP_COLOR,Red); //Goldenrod
ObjectSet("MACD_LL",OBJPROP_WIDTH, 3);
ObjectSet("MACD_LL",OBJPROP_RAY, false);

//  Chart Low Trendline
ObjectDelete("Chart_LL");
ObjectCreate("Chart_LL",OBJ_TREND,0,secondLowTime,secondLow,firstLowTime,firstLow);//secondHighTime,secondHigh,firstHighTime,firstHigh);
ObjectSet("Chart_LL",OBJPROP_COLOR,Red);
ObjectSet("Chart_LL",OBJPROP_WIDTH, 3);
ObjectSet("Chart_LL",OBJPROP_RAY, false);
ObjectSet("Chart_LL",OBJPROP_BACK, false);

/*
ObjectSet("MACD_HL",OBJPROP_TIME1,firstLowTime); ObjectSet("MACD_HL",OBJPROP_TIME2,secondLowTime);
ObjectSet("MACD_HL",OBJPROP_PRICE1,firstLow); ObjectSet("MACD_HL",OBJPROP_PRICE2,secondLow);  
ObjectSet("MACD_HL",OBJPROP_STYLE, STYLE_DOT);
ObjectSet("MACD_HL",OBJPROP_TIME1,firstLowTime); ObjectSet("MACD_HL",OBJPROP_TIME2,secondLowTime);
ObjectSet("MACD_HL",OBJPROP_PRICE1,firstLowPrice);ObjectSet("MACD_HL",OBJPROP_PRICE2,secondLowPrice);
ObjectsRedraw();
*/


if (ShowComments==true) {
Comment("macdHigh1 = ",DoubleToStr(macdHigh1,6)," macdHigh2 = ",DoubleToStr(macdHigh2,6), " val3 = ",
   DoubleToStr(val3,5), " Windows count = ", WindowsTotal(), 
   " MACD Win =",WindowFind("BillWin_MACD("+FastEMA+","+SlowEMA+","+SignalSMA+")")
   , " MA = ",WindowFind("RandyTest"), " ExtHistoryBuffer[i] = ",ExtHistoryBuffer[i],"\n",
   "firstHigh = ",firstHigh, " secondHigh = ",secondHigh,"\n", 
   " firstHighTime = ",firstHighTime, " secondHighTime = ",secondHighTime,"\n",
   "candleHigh = ",candleHigh, " candleLow = ",candleLow);
   }
//---- done
   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
Implements a curve of type DRAW_HISTOGRAM


Indicators Used:

Moving average indicator


Custom Indicators Used:

Order Management characteristics:

Other Features: