/*-----------------------------+ | | | Shared by www.Aptrafx.com | | | +------------------------------*/ //+-----------------------------------------------------------------------+ //| BrainTrend1StopLine.mq4 | //| Copyright © 2005. Alejandro Galindo | //| http://elCactus.com | //| Author := VG many thanks to Konkop and dupidu1 | //+-----------------------------------------------------------------------+ #property indicator_chart_window #property indicator_buffers 2 #property indicator_color1 Red #property indicator_color2 Blue //---- input parameters extern int AveragePeriod=10; //---- buffers double Buffer1[]; double Buffer2[]; //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int init() { //---- indicator line IndicatorBuffers(2); SetIndexStyle(0,DRAW_LINE); SetIndexStyle(1,DRAW_LINE); SetIndexBuffer(0,Buffer1); SetIndexBuffer(1,Buffer2); //---- return(0); } //+------------------------------------------------------------------+ //| BrainTrend1Stop | //+------------------------------------------------------------------+ int start() { int i,shift,counted_bars=IndicatorCounted(); double value=0, price=0, trend=0, dK=0, AvgRange=0; int bar=0; int CountBars=20000; if (CountBars>=Bars) CountBars=Bars; SetIndexDrawBegin(0,Bars-CountBars+11+1); SetIndexDrawBegin(1,Bars-CountBars+11+1); //---- initial zero AvgRange=0; for (i=1;i<=AveragePeriod;i++) { AvgRange+= MathAbs(High[i]-Low[i]); } // fixed to Work with JPY Symbols if (Point>=0.01) { dK = (AvgRange/AveragePeriod)*Point; } else { dK = (AvgRange/AveragePeriod); } if (Close[Bars-1] > Open[Bars-1]) { value = Close[Bars - 1] * (1 - dK); trend = 1; Buffer2[Bars-1]=value; } if (Close[Bars-1] < Open[Bars-1]) { value = Close[Bars - 1] * (1 + dK); trend = -1; Buffer1[Bars-1]=value; } bar=CountBars-11-1; while(bar>=0) { Buffer1[shift]=0; Buffer2[shift]=0; if (trend >= 0) { if (Close[bar] > price) { price = Close[bar]; } value = price * (1 - dK); if (Close[bar] < value) { price = Close[bar]; value = price * (1 + dK); trend = -1; } } else { if (trend <= 0) { if (Close[bar] < price) { price = Close[bar]; } value = price * (1 + dK); if (Close[bar] > value) { price = Close[bar]; value = price * (1 - dK); trend = 1; } } } if (trend == -1) { Buffer1[bar]=value; } if (trend == 1) { Buffer2[bar]=value; } //---- bar--; } 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
Series array that contains close prices for each bar
Series array that contains open prices of each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: