//+------------------------------------------------------------------+
//| V-T&B.mq4 |
//| Don Lawson (don_forex) |
//+------------------------------------------------------------------+
#property copyright "Coded by Don Lawson (don_forex)"
#property link "d_n_d_enterprises@sbcglobal.net"
//----
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Red
#property indicator_width1 2
#property indicator_color2 Green
#property indicator_width2 2
//----
extern double WickRatio =0.5;
extern double WickPercent =50;
extern int JuicePeriod =7;
extern int JuiceLevelForAlert=5;
//----
extern bool Notify=false;
extern bool UseNew=true;
//----
double VTop[];
double VBottom[];
double DistanceFromCandle;
int Level=5;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0, DRAW_ARROW, EMPTY);
SetIndexArrow(0, 234);
SetIndexBuffer(0, VTop);
SetIndexStyle(1, DRAW_ARROW, EMPTY);
SetIndexArrow(1, 233);
SetIndexBuffer(1, VBottom);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
void SetVTop(int index)
{
double Juice, JuiceLevel;
// Check for Juice
JuiceLevel=Level*Point;
if (Period()==5)JuiceLevel=JuiceLevel/2;
//----
Juice=iStdDev (NULL,0,JuicePeriod,MODE_EMA,0,PRICE_CLOSE,index)-JuiceLevel;
if (Juice > JuiceLevelForAlert*Point) {
VTop[index]=High[index]+ DistanceFromCandle;
if (Notify) PlaySound("V-Top.wav");
}
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
void SetVBottom(int index)
{
double Juice, JuiceLevel;
// Check for Juice
JuiceLevel=Level*Point;
if (Period()==5)JuiceLevel=JuiceLevel/2;
//----
Juice=iStdDev (NULL,0,JuicePeriod,MODE_EMA,0,PRICE_CLOSE,index)-JuiceLevel;
if (Juice > JuiceLevelForAlert*Point)
{
VBottom[index]=Low[index]- DistanceFromCandle;
if (Notify) PlaySound("V-Bottom.wav");
}
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int limit, i,State;
double WickPenetration;
double BullWickPenHi,BullWickPenLow;
double BearWickPenHi,BearWickPenLow;
double BullWickHi,BullWickLow,BullBody;
double BearWickHi,BearWickLow,BearBody;
int counted_bars=IndicatorCounted();
//---- check for possible errors
if(counted_bars<0) return(-1);
//---- last counted bar will be recounted
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
//----
WickPenetration=WickPercent/100.0;
DistanceFromCandle=Point*8;
for(i=1; i<=limit; i++)
{
bool CurrentBull =false,
CurrentBear =false,
Bull =false,
Bear =false,
HiWick =false,
LoWick =false;
//----
if (Open[i-1]<Close[i-1])
CurrentBull=true;
else
CurrentBear=true;
if (Open[i]<Close[i])
Bull=true;
else
Bear=true;
//----
BullWickHi=High[i] - Close[i];
BullWickLow=Open[i] - Low[i];
BullBody=Close[i] - Open[i];
BearWickHi=High[i] - Open[i];
BearWickLow=Close[i] - Low[i];
BearBody=Open[i] - Close[i];
// Check for VTOP
if (High[i] > High[i+1])
{
if (Bull)
{
if ((BullWickHi > BullBody * WickRatio))// && (BullWickHi > BullWickLow)
HiWick=true;
}
if (Bear)
{
if ((BearWickHi > BearBody * WickRatio))// && (BearWickHi > BearWickLow)
HiWick=true;
}
}
// Check for VBottom
if (Low[i] < Low[i+1])
{
if (Bull)
{
if ((BullWickLow > BullBody * WickRatio))// && (BullWickLow > BullWickHi)
LoWick=true;
}
if (Bear)
{
if ((BearWickLow > BearBody * WickRatio))// && (BearWickLow > BearWickHi)
LoWick=true;
}
}
// Set up State Table
if (CurrentBear && Bull) State=1;
if (CurrentBear && Bear) State=2;
if (CurrentBull && Bull) State=3;
if (CurrentBull && Bear) State=4;
// Set Arrow
if (HiWick)
{
BullWickPenHi=Close[i] + BullWickHi * WickPenetration;
BearWickPenHi=Open[i] + BearWickHi * WickPenetration;
switch(State)
{
case 1 : // CurrentBear && Bull
if (UseNew)
{
if(Open[i-1] < BullWickPenHi) SetVTop(i);
}
else
{
SetVTop(i);
}
break;
case 2 : // CurrentBear && Bear
if (UseNew)
{
if (Open[i-1] < BearWickPenHi) SetVTop(i);
}
else
{
SetVTop(i);
}
break;
case 3 : // CurrentBull && Bull
if (UseNew)
{
if (Close[i-1] < BullWickPenHi) SetVTop(i);
}
else
{
SetVTop(i);
}
break;
case 4 : // CurrentBull && Bear
if (UseNew)
{
if (Close[i-1] < BearWickPenHi) SetVTop(i);
}
else
{
SetVTop(i);
}
break;
}
}
if (LoWick)
{
BullWickPenLow=Open[i] - BullWickLow * WickPenetration;
BearWickPenLow=Close[i] - BearWickLow * WickPenetration;
//----
switch(State)
{
case 1 : // CurrentBear && Bull
if (UseNew)
{
if (Close[i-1] > BullWickPenLow) SetVBottom(i);
}
else
{
SetVBottom(i);
}
break;
case 2 : // CurrentBear && Bear
if (UseNew)
{
if (Close[i-1] > BearWickPenLow) SetVBottom(i);
}
else
{
SetVBottom(i);
}
break;
case 3 : // CurrentBull && Bull
if (UseNew)
{
if (Open[i-1] > BullWickPenLow) SetVBottom(i);
}
else
{
SetVBottom(i);
}
break;
case 4 : //CurrentBull && Bear)
if (UseNew)
{
if (Open[i-1] > BearWickPenLow) SetVBottom(i);
}
else
{
SetVBottom(i);
}
break;
}
}
}
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 close prices for each bar
Series array that contains open prices of each bar
Indicator Curves created:
Implements a curve of type DRAW_ARROW
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features:
It plays sound alerts