/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| TTM.mq4 |
//| Copyright © 2005, adoleh2000 and dwt5|
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
//| Based on code offered at MT Yahoo group |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, adoleh2000"
#property link "adoleh2000@yahoo.com"
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_color1 Blue
#property indicator_color2 Red
#property indicator_color3 EMPTY
#property indicator_color4 EMPTY
//---- input parameters
extern int TTMperiod=6;
//---- buffers
double HighBuffer[];
double LowBuffer[];
double Low_ma,
High_ma,
Low_third[],
High_third[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID,2);
SetIndexStyle(1,DRAW_HISTOGRAM,STYLE_SOLID,2);
SetIndexStyle(2,DRAW_LINE,STYLE_SOLID,2);
SetIndexStyle(3,DRAW_LINE,STYLE_SOLID,2);
SetIndexBuffer(0,HighBuffer);
SetIndexBuffer(1,LowBuffer);
SetIndexBuffer(2,High_third);
SetIndexBuffer(3,Low_third);
//---- name for DataWindow and indicator subwindow label
short_name="TTM";
IndicatorShortName(short_name);
SetIndexLabel(0,short_name);
//----
SetIndexDrawBegin(0,10);
SetIndexDrawBegin(1,10);
SetIndexDrawBegin(2,10);
SetIndexDrawBegin(3,10);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: add your code here
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted(),i,shift;
//---- TODO: add your code here
if (counted_bars==0) counted_bars=TTMperiod+1;
i=(Bars-counted_bars);
for (shift=i; shift>=0;shift--)
{
Low_ma= iMA(NULL,0,TTMperiod,0,MODE_EMA,PRICE_LOW,shift);
High_ma = iMA(NULL,0,TTMperiod,0,MODE_EMA,PRICE_HIGH,shift);
Low_third[shift] = (High_ma- Low_ma) / 3 + Low_ma;
High_third[shift] = 2 * (High_ma- Low_ma) / 3 + Low_ma;
//Comment ("Low_third=",Low_third[shift],"; ","High_third=",High_third[shift]);
if (Close[shift] > High_third[shift])
{
HighBuffer[shift]=High[shift];
LowBuffer[shift]=Low[shift];
}
else
if (Close[shift] < Low_third[shift])
{
LowBuffer[shift]=High[shift];
HighBuffer[shift]=Low[shift];
}
//----
}
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains close prices for each bar
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
Implements a curve of type DRAW_LINE
Indicators Used:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: