//+------------------------------------------------------------------+
//| Qualitative Quantitative Estimation Indicator for Metatrader 4 |
//| Copyright © 2006Roman Ignatov |
//| mailto:roman.ignatov@gmail.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 200 Roman Ignatov"
#property link "mailto:roman.ignatov@gmail.com"
//----
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 Navy
#property indicator_style1 STYLE_SOLID
#property indicator_width1 2
#property indicator_color2 Navy
#property indicator_style2 STYLE_DOT
//----
extern int SF=5;
//----
int RSI_Period=14;
int Wilders_Period;
int StartBar;
//----
double TrLevelSlow[];
double AtrRsi[];
double MaAtrRsi[];
double Rsi[];
double RsiMa[];
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
int init()
{
Wilders_Period=RSI_Period * 2 - 1;
if (Wilders_Period < SF)
StartBar=SF;
else
StartBar=Wilders_Period;
//----
IndicatorBuffers(6);
SetIndexBuffer(0, RsiMa);
SetIndexStyle(0, DRAW_LINE, STYLE_SOLID, 2);
SetIndexLabel(0, "Value 1");
SetIndexDrawBegin(0, StartBar);
SetIndexStyle(1, DRAW_LINE, STYLE_DOT);
SetIndexBuffer(1, TrLevelSlow);
SetIndexLabel(1, "Value 2");
SetIndexDrawBegin(1, StartBar);
SetIndexBuffer(2, AtrRsi);
SetIndexBuffer(3, MaAtrRsi);
SetIndexBuffer(4, Rsi);
IndicatorShortName(StringConcatenate("QQE(", SF, ")"));
return(0);
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
int start()
{
int counted, i;
double rsi0, rsi1, dar, tr, dv;
//----
if(Bars<=StartBar)
return(0);
//----
counted=IndicatorCounted();
if(counted < 1)
for(i=Bars - StartBar; i < Bars; i++)
{
TrLevelSlow[i]=0.0;
AtrRsi[i]=0.0;
MaAtrRsi[i]=0.0;
Rsi[i]=0.0;
RsiMa[i]=0.0;
}
counted=Bars - counted - 1;
//----
for(i=counted; i>=0; i--)
Rsi[i]=iRSI(NULL, 0, RSI_Period, PRICE_CLOSE, i);
for(i=counted; i>=0; i--)
{
RsiMa[i]=iMAOnArray(Rsi, 0, SF, 0, MODE_EMA, i);
AtrRsi[i]=MathAbs(RsiMa[i + 1] - RsiMa[i]);
}
for(i=counted; i>=0; i--)
MaAtrRsi[i]=iMAOnArray(AtrRsi, 0, Wilders_Period, 0, MODE_EMA, i);
i=counted + 1;
tr=TrLevelSlow[i];
rsi1=iMAOnArray(Rsi, 0, SF, 0, MODE_EMA, i);
while(i > 0)
{
i--;
rsi0=iMAOnArray(Rsi, 0, SF, 0, MODE_EMA, i);
dar=iMAOnArray(MaAtrRsi, 0, Wilders_Period, 0, MODE_EMA, i) * 4.236;
dv=tr;
if (rsi0 < tr)
{
tr=rsi0 + dar;
if (rsi1 < dv)
if (tr > dv)
tr=dv;
}
else if (rsi0 > tr)
{
tr=rsi0 - dar;
if (rsi1 > dv)
if (tr < dv)
tr=dv;
}
TrLevelSlow[i]=tr;
rsi1=rsi0;
}
//----
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Relative strength index
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: