//+------------------------------------------------------------------+ //| PPO.mq4 | //| Copyright © 2007 Tom Balfe | //| | //| Percentage Price Oscillator | //| This is a momentum indicator. | //| Signal line is EMA of PPO. | //| | //| Follows formula: (FastEMA-SlowEMA)/SlowEMA | //+------------------------------------------------------------------+ #property copyright "Copyright © 2007 Tom Balfe" #property link "redcarsarasota@yahoo.com" //---- #property indicator_separate_window #property indicator_buffers 4 //---- #property indicator_color1 SkyBlue #property indicator_color2 Red #property indicator_color3 Blue #property indicator_color4 Red #property indicator_width1 2 #property indicator_width2 1 #property indicator_style2 2 //---- user changeable stuff extern int FastEMA=12; extern int SlowEMA=26; extern int SignalEMA=9; extern bool sound= true; //---- two buffers double PPOBuffer[]; double SignalBuffer[]; double ExtMapBuffer3[]; double ExtMapBuffer4[]; static int prevtime = 0 ; //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ int init() { SetIndexStyle(0,DRAW_LINE); SetIndexStyle(1,DRAW_LINE); SetIndexDrawBegin(1,SignalEMA); IndicatorDigits(Digits+1); SetIndexBuffer(0,PPOBuffer); SetIndexBuffer(1,SignalBuffer); SetIndexStyle(2,DRAW_ARROW,Red); SetIndexArrow(2,236); SetIndexBuffer(2,ExtMapBuffer3); SetIndexEmptyValue(2,0.0); SetIndexStyle(3,DRAW_ARROW,Blue); SetIndexArrow(3,238); SetIndexBuffer(3,ExtMapBuffer4); SetIndexEmptyValue(3,0.0); //---- IndicatorShortName("PPO ("+FastEMA+","+SlowEMA+","+SignalEMA+")"); SetIndexLabel(0,"PPO"); SetIndexLabel(1,"Signal"); //---- return(0); } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ int start() { int limit; int counted_bars=IndicatorCounted(); //---- last counted bar will be recounted if(counted_bars>0) counted_bars--; limit=Bars-counted_bars; //---- (FastEMA-SlowEMA)/SlowEMA //---- PPO counted in the 1st buffer for(int i=0; i<limit; i++) { PPOBuffer[i]=(iMA(NULL,0,FastEMA,0,MODE_EMA,PRICE_CLOSE,i)-iMA(NULL,0,SlowEMA,0,MODE_EMA,PRICE_CLOSE,i))/ iMA(NULL,0,SlowEMA,0,MODE_EMA,PRICE_CLOSE,i); } for(i=0; i<limit; i++) { SignalBuffer[i]=iMAOnArray(PPOBuffer,Bars,SignalEMA,0,MODE_EMA,i); if (Time[0]!=prevtime) { if ((PPOBuffer[i+2]>SignalBuffer[i+2])&&(PPOBuffer[i+1]<SignalBuffer[i+1])) { ExtMapBuffer4[i]=SignalBuffer[i]; if (sound == true){ PlaySound("alert.wav"); } } if ((PPOBuffer[i+2]<SignalBuffer[i+2])&&(PPOBuffer[i+1]>SignalBuffer[i+1])) { ExtMapBuffer3[i]=SignalBuffer[i]; if (sound == true){ PlaySound("alert2.wav"); } } prevtime=Time[0]; } } 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:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features:
It plays sound alerts