//+------------------------------------------------------------------+
//| Trend Manager.mq4 |
//| Copyright © 2006, Alejandro Galindo |
//| http://elCactus.com |
//+------------------------------------------------------------------+
// Based on indicator sold at traderstradingsystem.com
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_color2 Red
// Divergence controls
extern double DVLimit=0.0007;
extern int Fast_Period=23;
extern int Fast_Price=PRICE_OPEN;
extern int Slow_Period=84;
extern int Slow_Price=PRICE_OPEN;
extern int BarCount=1500;
//----
double SpanA_Buffer[];
double SpanB_Buffer[];
//----
int tickcount=0;
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
int init()
{
// histogram defined by top and bottom buffer
// pos or neg from top buffer determines color
SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID);
SetIndexBuffer(0,SpanB_Buffer);
//SetIndexDrawBegin(0,TM_Period+TM_Shift-1);
//SetIndexLabel(0,"TM_Period+");
SetIndexStyle(1,DRAW_HISTOGRAM,STYLE_SOLID);
SetIndexBuffer(1,SpanA_Buffer);
//SetIndexDrawBegin(1,TM_Period+TM_Shift-1);
//SetIndexLabel(1,"TM_Period");
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
int start()
{
int pos;
int iFileHandle;
//----
double maF1, maF2, maS1, maS2;
double D;
//----
for(pos=BarCount; pos>=0; pos--)
{
// Create Divergence stage one
maF1=iMA(Symbol(),0,Fast_Period,0,MODE_SMA,Fast_Price,pos);
maS1=iMA(Symbol(),0,Slow_Period,0,MODE_SMA,Slow_Price,pos);
D=maF1-maS1;
//----
SpanA_Buffer[pos] =0;
SpanB_Buffer[pos] =0;
//----
if(D>=DVLimit )
{
SpanA_Buffer[pos] =High[pos];
SpanB_Buffer[pos] =High[pos]+(D-DVLimit);
}
if(D<=(DVLimit*(-1)) )
{
SpanA_Buffer[pos] =Low[pos];
SpanB_Buffer[pos] =Low[pos]+(D-DVLimit);
}
} //for
} //start
//+------------------------------------------------------------------+
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
Indicator Curves created:
Implements a curve of type DRAW_HISTOGRAM
Indicators Used:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: