//+------------------------------------------------------------------+
//| t3_RSI_ZigZag.mq4 |
//| |
//| |
//+------------------------------------------------------------------+
#property copyright ""
#property link ""
#property indicator_separate_window
//#property indicator_minimum 0
//#property indicator_maximum 100
#property indicator_buffers 2
#property indicator_color1 DodgerBlue
#property indicator_color2 Red
//---- input parameters
extern int RSIPeriod=14;
extern int t3_period=8;
extern double b=0.7;
extern int ExtDepth=12;
extern int ExtDeviation=5;
extern int ExtBackstep=3;
extern int LowLevel=30;
extern int MedLevel=50;
extern int HighLevel=70;
extern int Window=1;
extern int Channel=0;
extern double STD.width=1.0;
extern int Price=0; // 0 = Close
// 1 = Open
// 2 = High
// 3 = Low
// 4 = (H+L)/2
// 5 = (H+L+C)/3
// 6 = (H+L+C+C)/4
// other = Close
//---- buffers
double RSIBuffer[];
double t3_RSIBuffer[];
double ExtMapBuffer[];
double ExtMapBuffer2[];
double e1, e2, e3, e4, e5, e6, c1, c2, c3, c4, n, w1, w2, b2, b3;
int OldLastZigZag, OldPreviousZigZag;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- 2 additional buffers are used for counting.
IndicatorBuffers(4);
SetIndexBuffer(2,RSIBuffer);
SetIndexBuffer(3,ExtMapBuffer2);
//---- indicator line
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,t3_RSIBuffer);
SetIndexStyle(1,DRAW_SECTION);
SetIndexBuffer(1,ExtMapBuffer);
SetIndexEmptyValue(1,0.0);
//---- name for DataWindow and indicator subwindow label
short_name="RSI("+RSIPeriod+")";
IndicatorShortName(short_name);
SetIndexLabel(0,short_name);
//----
SetIndexDrawBegin(0,RSIPeriod+t3_period);
SetIndexDrawBegin(1,RSIPeriod+t3_period);
SetLevelValue(0,LowLevel);
SetLevelValue(1,MedLevel);
SetLevelValue(2,HighLevel);
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);
}
int deinit()
{
ObjectDelete("Channel");
}
//+------------------------------------------------------------------+
//| Relative Strength Index |
//+------------------------------------------------------------------+
int start()
{
int i,counted_bars=IndicatorCounted();
//----
int shift, back,lasthighpos,lastlowpos,index;
double val,res;
double curlow,curhigh,lasthigh,lastlow;
//----
if(Bars<=RSIPeriod) return(0);
//---- initial zero
if(counted_bars<1)
for(i=1;i<=RSIPeriod;i++) RSIBuffer[Bars-i]=0.0;
i=Bars-RSIPeriod-1;
if(counted_bars>=RSIPeriod) i=Bars-counted_bars-1;
if(Price<0 || Price>6) Price=0;
for(; i>=0; i--)
{
RSIBuffer[i]=iRSI(NULL,0,RSIPeriod,Price,i);
}
for(i=Bars-1; i>=0; i--)
{
e1 = w1*RSIBuffer[i] + 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;
t3_RSIBuffer[i] = c1*e6 + c2*e5 + c3*e4 + c4*e3;
}
for(shift=Bars-1; shift>=0; shift--)
{
int n, sn, r, result;
bool ft=true;
for(n=1; n<ExtDepth; n++)
{
sn=shift+n;
if(ft)
{
if(t3_RSIBuffer[shift]<t3_RSIBuffer[sn]) result=shift;
else result=sn;
r=result;
ft=false;
}
else
{
if(t3_RSIBuffer[r]<t3_RSIBuffer[sn]) result=r;
else result=sn;
r=result;
}
}
index=r;
val=t3_RSIBuffer[index];
if(val==lastlow) val=0.0;
else
{
lastlow=val;
if((t3_RSIBuffer[shift]-val)>(ExtDeviation*Point)) val=0.0;
else
{
for(back=1; back<=ExtBackstep; back++)
{
res=ExtMapBuffer[shift+back];
if((res!=0)&&(res>val)) ExtMapBuffer[shift+back]=0.0;
}
}
}
ExtMapBuffer[shift]=val;
//--- high
ft=true;
for(n=1; n<ExtDepth; n++)
{
sn=shift+n;
if(ft)
{
if(t3_RSIBuffer[shift]>t3_RSIBuffer[sn]) result=shift;
else result=sn;
r=result;
ft=false;
}
else
{
if(t3_RSIBuffer[r]>t3_RSIBuffer[sn]) result=r;
else result=sn;
r=result;
}
}
index=r;
val=t3_RSIBuffer[index];
if(val==lasthigh) val=0.0;
else
{
lasthigh=val;
if((val-t3_RSIBuffer[shift])>(ExtDeviation*Point)) val=0.0;
else
{
for(back=1; back<=ExtBackstep; back++)
{
res=ExtMapBuffer2[shift+back];
if((res!=0)&&(res<val)) ExtMapBuffer2[shift+back]=0.0;
}
}
}
ExtMapBuffer2[shift]=val;
}
//---- final cutting
lasthigh=-1; lasthighpos=-1;
lastlow=-1; lastlowpos=-1;
for(shift=Bars-ExtDepth; shift>=0; shift--)
{
curlow=ExtMapBuffer[shift];
curhigh=ExtMapBuffer2[shift];
if((curlow==0)&&(curhigh==0)) continue;
//---
if(curhigh!=0)
{
if(lasthigh>0)
{
if(lasthigh<curhigh) ExtMapBuffer2[lasthighpos]=0;
else ExtMapBuffer2[shift]=0;
}
//---
if(lasthigh<curhigh || lasthigh<0)
{
lasthigh=curhigh;
lasthighpos=shift;
}
lastlow=-1;
}
//----
if(curlow!=0)
{
if(lastlow>0)
{
if(lastlow>curlow) ExtMapBuffer[lastlowpos]=0;
else ExtMapBuffer[shift]=0;
}
//---
if((curlow<lastlow)||(lastlow<0))
{
lastlow=curlow;
lastlowpos=shift;
}
lasthigh=-1;
}
}
for(shift=Bars-1; shift>=0; shift--)
{
if(shift>=Bars-ExtDepth) ExtMapBuffer[shift]=0.0;
else
{
res=ExtMapBuffer2[shift];
if(res!=0.0) ExtMapBuffer[shift]=res;
}
}
int LastZigZag, PreviousZigZag;
int h=0;
while (ExtMapBuffer[h]==0 && ExtMapBuffer2[h]==0) h++;
LastZigZag=h;
h++;
while(ExtMapBuffer[h]==0 && ExtMapBuffer2[h]==0) h++;
PreviousZigZag=h;
if (OldLastZigZag!=LastZigZag || OldPreviousZigZag!=PreviousZigZag)
{
OldLastZigZag=LastZigZag;
OldPreviousZigZag=PreviousZigZag;
if(Channel!=0)
{
ObjectDelete("Channel");
ObjectCreate("Channel", OBJ_REGRESSION, Window, Time[PreviousZigZag], ExtMapBuffer[LastZigZag], Time[LastZigZag], ExtMapBuffer[PreviousZigZag]);
ObjectSet("Channel",OBJPROP_COLOR,DeepSkyBlue);
ObjectSet("Channel",OBJPROP_RAY,true);
}
else
{
ObjectDelete("Channel");
ObjectCreate("Channel", OBJ_STDDEVCHANNEL, Window, Time[PreviousZigZag], ExtMapBuffer[LastZigZag], Time[LastZigZag], ExtMapBuffer[PreviousZigZag]);
ObjectSet("Channel",OBJPROP_DEVIATION,STD.width);
ObjectSet("Channel",OBJPROP_COLOR,Blue);
ObjectSet("Channel",OBJPROP_RAY,true);
}
}
//----
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_SECTION
Indicators Used:
Relative strength index
Custom Indicators Used:
Order Management characteristics:
Other Features: