//+------------------------------------------------------------------+
//| MaxMinBands.mq4 |
//| Copyright © 2005, MetaQuotes Software Corp. |
//| http://www.metaquotes.net/ |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2009, Julien Loutre"
#property link "http://www.zenhop.com"
//---- indicator settings
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 LightSkyBlue
#property indicator_color2 Plum
//---- input parameters
extern int Band_Period = 120;
//---- buffers
double WWBuffer1[];
double WWBuffer2[];
double ATR;
int init() {
IndicatorBuffers(2);
//---- drawing settings
SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_LINE);
IndicatorDigits(Digits+2);
SetIndexBuffer(0, WWBuffer1);
SetIndexBuffer(1, WWBuffer2);
IndicatorShortName("Min/Max Bands");
return(0);
}
int start() {
int counted_bars=IndicatorCounted();
int limit,i;
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
for(i=limit-1; i>=0; i--) {
WWBuffer1[i] = getPeriodHigh(Band_Period,i);
WWBuffer2[i] = getPeriodLow(Band_Period,i);
}
return(0);
}
double getPeriodHigh(int period, int pos) {
int i;
double buffer = 0;
for (i=pos;i<=pos+period;i++) {
if (High[i] > buffer) {
buffer = High[i];
}
}
return (buffer);
}
double getPeriodLow(int period, int pos) {
int i;
double buffer = 100000;
for (i=pos;i<=pos+period;i++) {
if (Low[i] < buffer) {
buffer = Low[i];
}
}
return (buffer);
}
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: