/*-----------------------------+ | | | Shared by www.Aptrafx.com | | | +------------------------------*/ /* //+------------------------------------------------------------------+ //| Momentum with Alert Cross and signal.mq4 | //| | //| Original: RSI with Trend Catcher signal by Matsu | //| Modified: Momentum with cross signal by Linuxser for Forex-TSD | //+------------------------------------------------------------------+ */ #property indicator_separate_window #property indicator_buffers 4 #property indicator_color1 LimeGreen #property indicator_color2 LimeGreen #property indicator_color3 Orange #property indicator_color4 Orange #property indicator_level1 100 #property indicator_levelstyle STYLE_DOT #property indicator_levelcolor Red extern int MOMPeriod=14; extern bool AlertOn = true; double MOM[]; double Buy[]; double Sell[]; double DnMOM[]; double Levela[]; int Level=100.00; int init() { IndicatorBuffers(4); SetIndexStyle(0,DRAW_LINE); SetIndexBuffer(0,MOM); SetIndexStyle(1,DRAW_ARROW,STYLE_SOLID); SetIndexArrow(1,159); SetIndexBuffer(1,Buy); SetIndexStyle(2,DRAW_ARROW,STYLE_SOLID); SetIndexArrow(2,159); SetIndexBuffer(2,Sell); SetIndexStyle(3,DRAW_LINE); SetIndexBuffer(3,DnMOM); IndicatorShortName("Momentum("+MOMPeriod+")"); IndicatorDigits(2); return(0); } int start() { int counted_bars=IndicatorCounted(); int shift,limit,ob,os; bool TrendUp, TrendDn; bool dn = false; double BuyNow, BuyPrevious, SellNow, SellPrevious; static datetime prevtime = 0; if (counted_bars<0) return(-1); if (counted_bars>0) counted_bars--; limit=Bars-31; if(counted_bars>=31) limit=Bars-counted_bars-1; for (shift=limit;shift>=0;shift--) { MOM[shift]=iMomentum(NULL,0,MOMPeriod,PRICE_CLOSE,shift); ob = Level; os = Level; TrendUp=false; TrendDn=false; if(MOM[shift]>Level) TrendUp=true; if(MOM[shift]<Level) TrendDn=true; if (dn==true) { if (MOM[shift]>Level) { dn=false; DnMOM[shift]=EMPTY_VALUE; } else { dn=true; DnMOM[shift]=MOM[shift]; } } else { if (MOM[shift]<Level) { dn=true; DnMOM[shift]=MOM[shift]; } else { dn=false; DnMOM[shift]=EMPTY_VALUE; } } if(TrendUp==true) { Buy[shift]=ob; Sell[shift]=EMPTY_VALUE; } else if(TrendDn==true) { Buy[shift]=EMPTY_VALUE; Sell[shift]=os; } else { Buy[shift]=EMPTY_VALUE; Sell[shift]=EMPTY_VALUE; } } // ======= Alert ========= if(AlertOn) { if(prevtime == Time[0]) { return(0); } prevtime = Time[0]; BuyNow = Buy[0]; BuyPrevious = Buy[1]; SellNow = Sell[0]; SellPrevious = Sell[1]; if((BuyNow ==ob) && (BuyPrevious ==EMPTY_VALUE) ) { Alert(Symbol(), " M", Period(), " Momentum Cross UP Alert"); } else if((SellNow ==os) && (SellPrevious ==EMPTY_VALUE) ) { Alert(Symbol(), " M", Period(), " Momentum Cross Down Alert"); } IndicatorShortName("Momentum("+MOMPeriod+") (Alert on)"); } // ======= Alert End ========= return(0); }
Sample
Analysis
Market Information Used:
Series array that contains open time of each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Implements a curve of type DRAW_ARROW
Indicators Used:
Momentum indicator
Custom Indicators Used:
Order Management characteristics:
Other Features:
It issuies visual alerts to the screen