//+------------------------------------------------------------------+
//| Standard Deviation Channels.mq4 |
//| Copyright © 2006, tageiger, aka fxid10t@yahoo.com |
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, tageiger, aka fxid10t@yahoo.com"
#property link "http://www.metaquotes.net"
//----
#property indicator_chart_window
//----
extern int STD.Rgres.period=0;
/*
default 0 means the channel will use the open
time from "x" bars back on which ever time period
the indicator is attached to. one can change to 1,5,
15,30,60...etc to "lock" the start time to a specific
period, and then view the "locked" channels on a different time period...
*/
extern int STD.Rgres.length=56; // bars back regression begins
extern double STD.Rgres.width=1.618;// widest channel
extern double STD.width=0.618; // inside channel
//----
int init()
{
return(0);
}
int deinit()
{
ObjectDelete("regression channel");ObjectDelete("std channel");return(0);
}
int start()
{
//to refresh properly delete old objects...
ObjectDelete("regression channel");ObjectDelete("std channel");
//widest channel
ObjectCreate("regression channel",OBJ_STDDEVCHANNEL,0,iTime(Symbol(),STD.Rgres.period,STD.Rgres.length), Close[STD.Rgres.length],Time[0],Close[0]);
ObjectSet("regression channel",OBJPROP_DEVIATION,STD.Rgres.width);
ObjectSet("regression channel",OBJPROP_COLOR,Orange);
ObjectSet("regression channel",OBJPROP_RAY,true);
//inside channel
ObjectCreate("std channel",OBJ_STDDEVCHANNEL,0,iTime(Symbol(),STD.Rgres.period,STD.Rgres.length), Close[STD.Rgres.length],Time[0],Close[0]);
ObjectSet("std channel",OBJPROP_DEVIATION,STD.width);
ObjectSet("std channel",OBJPROP_COLOR,Olive);
ObjectSet("std channel",OBJPROP_RAY,true);
return(0);
//----
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains close prices for each bar
Series array that contains open time of each bar
Indicator Curves created:
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: