//+------------------------------------------------------------------+
//| StochCandles.mq4 |
//| Colored Candles, based on Stochastic Signal |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2007, Christof Risch (iya)"
#property link "http://www.forexfactory.com/showthread.php?t=13321"
//----
#property indicator_chart_window
#property indicator_buffers 8
//----
#property indicator_color1 Green
#property indicator_color2 Red
#property indicator_color3 Lime
#property indicator_color4 Tomato
#property indicator_color5 Green
#property indicator_color6 Red
#property indicator_color7 Lime
#property indicator_color8 Tomato
#property indicator_width1 1
#property indicator_width2 1
#property indicator_width3 1
#property indicator_width4 1
#property indicator_width5 3
#property indicator_width6 3
#property indicator_width7 3
#property indicator_width8 3
//---- stoch settings
extern int Stoch_K =30,
Stoch_D =10,
Stoch_Slowing =10,
Overbought =80,
Oversold =20;
//---- input parameters
extern int BarWidth =1,
CandleWidth =3;
extern bool HeikenAshi =true,
HeikenAshiMA =false;
extern int HAMA_Method =1,
HAMA_Period =3;
//---- buffers
double Bar1[],
Bar2[],
Bar3[],
Bar4[],
Candle1[],
Candle2[],
Candle3[],
Candle4[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
IndicatorShortName("Colored Candles: Stoch("+Stoch_K+","+Stoch_D+","+Stoch_Slowing+")");
IndicatorBuffers(8);
SetIndexBuffer(0,Bar1);
SetIndexBuffer(1,Bar2);
SetIndexBuffer(2,Bar3);
SetIndexBuffer(3,Bar4);
SetIndexBuffer(4,Candle1);
SetIndexBuffer(5,Candle2);
SetIndexBuffer(6,Candle3);
SetIndexBuffer(7,Candle4);
SetIndexStyle(0,DRAW_HISTOGRAM,0,BarWidth);
SetIndexStyle(1,DRAW_HISTOGRAM,0,BarWidth);
SetIndexStyle(2,DRAW_HISTOGRAM,0,BarWidth);
SetIndexStyle(3,DRAW_HISTOGRAM,0,BarWidth);
SetIndexStyle(4,DRAW_HISTOGRAM,0,CandleWidth);
SetIndexStyle(5,DRAW_HISTOGRAM,0,CandleWidth);
SetIndexStyle(6,DRAW_HISTOGRAM,0,CandleWidth);
SetIndexStyle(7,DRAW_HISTOGRAM,0,CandleWidth);
return(0);
}
//+------------------------------------------------------------------+
double Stoch_Main (int i=0)
{
return(iStochastic(NULL,0,Stoch_K,Stoch_D,Stoch_Slowing,MODE_SMA,0,MODE_MAIN, i));
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
double Stoch_Signal (int i=0)
{
return(iStochastic(NULL,0,Stoch_K,Stoch_D,Stoch_Slowing,MODE_SMA,0,MODE_SIGNAL,i));
}
//+------------------------------------------------------------------+
void SetCandleColor(int col, int i)
{
double high =High[i],
low =Low[i],
open =Open[i],
close =Close[i],
bodyHigh=MathMax(open,close),
bodyLow =MathMin(open,close);
if(HeikenAshi || HeikenAshiMA)
{
double lastBodyHigh= MathMax(Candle1[i+1],MathMax(Candle2[i+1],MathMax(Candle3[i+1],Candle4[i+1]))),
lastBodyLow =MathMin(Candle1[i+1],MathMin(Candle2[i+1],MathMin(Candle3[i+1],Candle4[i+1])));
if(HeikenAshiMA)
{
high =iMA(NULL,0,HAMA_Period,0,HAMA_Method,MODE_HIGH,i);
low =iMA(NULL,0,HAMA_Period,0,HAMA_Method,MODE_LOW,i);
open =iMA(NULL,0,HAMA_Period,0,HAMA_Method,MODE_OPEN,i);
close =iMA(NULL,0,HAMA_Period,0,HAMA_Method,MODE_CLOSE,i);
}
double haOpen =0.5*(lastBodyHigh+lastBodyLow),
haClose =0.25*(open+high+low+close);
//----
bodyHigh =MathMax(haOpen,haClose);
bodyLow =MathMin(haOpen,haClose);
high =MathMax(high,bodyHigh);
low =MathMin(low, bodyLow);
}
Bar1[i]=low; Candle1[i]=bodyLow;
Bar2[i]=low; Candle2[i]=bodyLow;
Bar3[i]=low; Candle3[i]=bodyLow;
Bar4[i]=low; Candle4[i]=bodyLow;
switch(col)
{
case 1: Bar1[i]=high; Candle1[i]=bodyHigh; break;
case 2: Bar2[i]=high; Candle2[i]=bodyHigh; break;
case 3: Bar3[i]=high; Candle3[i]=bodyHigh; break;
case 4: Bar4[i]=high; Candle4[i]=bodyHigh; break;
}
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
for(int i=MathMax(Bars-1-IndicatorCounted(),1); i>=0; i--)
{
double stochMain =Stoch_Main(i),
stochSignal =Stoch_Signal(i);
if(stochMain > Overbought) SetCandleColor(3,i);
else if(stochMain < Oversold) SetCandleColor(4,i);
else if(stochMain > stochSignal) SetCandleColor(1,i);
else if(stochMain < stochSignal) SetCandleColor(2,i);
}
//----
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 open prices of each bar
Series array that contains close prices for each bar
Indicator Curves created:
Implements a curve of type DRAW_HISTOGRAM
Indicators Used:
Stochastic oscillator
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: