T3_Momentum_Burst





/*-----------------------------+
|			       |
| Shared by www.Aptrafx.com    |
|			       |
+------------------------------*/

//+------------------------------------------------------------------+
//|                                           T3_Momentum_Burst.mq4  |
//|                                                 transport_david  |
//| http://groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/ |
//+------------------------------------------------------------------+
#property copyright "transport_david hack of Perky_z hack of Mojos T3"
#property link      "http://groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/"

#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 Red

extern int Mom_Period = 1;
extern int T3_Period = 28;
extern double b = 0.618;

double MapBuffer[];

double e1,e2,e3,e4,e5,e6;
double c1,c2,c3,c4;
double n,w1,w2,b2,b3;

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- indicators setting
    SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,1,Red);
    IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS));
    IndicatorShortName("T3_Momentum_Burst "+T3_Period);
    
    SetIndexBuffer(0,MapBuffer);

//---- variable reset

    e1=0; e2=0; e3=0; e4=0; e5=0; e6=0;
    c1=0; c2=0; c3=0; c4=0; 
    n=0; 
    w1=0; w2=0; 
    b2=0; b3=0;

    b2=b*b;
    b3=b2*b;
    c1=-b3;
    c2=(3*(b2+b3));
    c3=-3*(2*b2+b+b3);
    c4=(1+3*b+b3+3*b2);
    n=T3_Period;

    if (n<1) n=1;
    n = 1 + (0.5*(n-1));
    w1 = 2 / (n + 1);
    w2 = 1 - w1;
    
//----
    return(0);
  }

//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
   int limit=Bars;

//---- indicator calculation

    for(int i=limit; i>=0; i--)
    {
        e1 = ((w1*(iMomentum(NULL,0,Mom_Period,PRICE_CLOSE,i)-iMomentum(NULL,0,Mom_Period,PRICE_CLOSE,i+1))) + w2*e1);
        e2 = ((w1*e1) + w2*e2);
        e3 = ((w1*e2) + w2*e3);
        e4 = ((w1*e3) + w2*e4);
        e5 = ((w1*e4) + w2*e5);
        e6 = ((w1*e5) + w2*e6);
    
        MapBuffer[i]=((((c1*e6) + c2*e5) + c3*e4) + c4*e3);
    }   
//----
   return(0);
  }
//+------------------------------------------------------------------+







Sample





Analysis



Market Information Used:



Indicator Curves created:

Implements a curve of type DRAW_LINE


Indicators Used:

Momentum indicator


Custom Indicators Used:

Order Management characteristics:

Other Features: