//+------------------------------------------------------------------+
//| ADX Candles.mq4 |
//+------------------------------------------------------------------+
#property copyright "Code adapted by cja"
//---- indicator settings
#property indicator_chart_window
#property indicator_buffers 8
#property indicator_color1 DarkGreen
#property indicator_color2 Maroon
#property indicator_color3 Lime
#property indicator_color4 Red
#property indicator_color5 DarkGreen
#property indicator_color6 Maroon
#property indicator_color7 Lime
#property indicator_color8 Red
#property indicator_width1 1
#property indicator_width2 1
#property indicator_width3 1
#property indicator_width4 1
#property indicator_width5 3
#property indicator_width6 3
#property indicator_width7 3
#property indicator_width8 3
//---- indicator parameters
extern int ADXPeriod=14;
extern int ADXSignal_Level = 21;
double Bar1[],
Bar2[],
Bar3[],
Bar4[],
Candle1[],
Candle2[],
Candle3[],
Candle4[];
extern int BarWidth = 1,
CandleWidth = 3;
extern bool HeikenAshi = false;
double b4plusdi,b4minusdi,nowplusdi,nowminusdi;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
IndicatorShortName("ADX Candles");
IndicatorBuffers(8);
SetIndexBuffer(0,Bar1);
SetIndexBuffer(1,Bar2);
SetIndexBuffer(2,Bar3);
SetIndexBuffer(3,Bar4);
SetIndexBuffer(4,Candle1);
SetIndexBuffer(5,Candle2);
SetIndexBuffer(6,Candle3);
SetIndexBuffer(7,Candle4);
SetIndexStyle(0,DRAW_HISTOGRAM,0,BarWidth);
SetIndexStyle(1,DRAW_HISTOGRAM,0,BarWidth);
SetIndexStyle(2,DRAW_HISTOGRAM,0,BarWidth);
SetIndexStyle(3,DRAW_HISTOGRAM,0,BarWidth);
SetIndexStyle(4,DRAW_HISTOGRAM,0,CandleWidth);
SetIndexStyle(5,DRAW_HISTOGRAM,0,CandleWidth);
SetIndexStyle(6,DRAW_HISTOGRAM,0,CandleWidth);
SetIndexStyle(7,DRAW_HISTOGRAM,0,CandleWidth);
return(0);
}
int deinit()
{
//----
//----
return(0);
}
double plusdi (int i = 0){return(iADX(NULL,0,ADXPeriod,PRICE_CLOSE,MODE_PLUSDI,i));}
double minusdi (int i = 0){return(iADX(NULL,0,ADXPeriod,PRICE_CLOSE,MODE_MINUSDI,i));}
double ADX (int i = 0){return(iADX(NULL,0,ADXPeriod,PRICE_CLOSE,MODE_MAIN,i));}
void SetCandleColor(int col, int i)
{
double high,low,bodyHigh,bodyLow;
if(HeikenAshi)
{
double lastBodyHigh = MathMax(Candle1[i+1],MathMax(Candle2[i+1],MathMax(Candle3[i+1],Candle4[i+1]))),
lastBodyLow = MathMin(Candle1[i+1],MathMin(Candle2[i+1],MathMin(Candle3[i+1],Candle4[i+1]))),
haOpen = 0.5*(lastBodyHigh+lastBodyLow),
haClose = 0.25*(Open[i]+High[i]+Low[i]+Close[i]);
bodyHigh = MathMax(haOpen,haClose);
bodyLow = MathMin(haOpen,haClose);
high = MathMax(High[i],bodyHigh);
low = MathMin(Low[i], bodyLow);
}
else
{
bodyHigh = MathMax(Open[i],Close[i]);
bodyLow = MathMin(Open[i],Close[i]);
high = High[i];
low = Low[i];
}
Bar1[i] = low; Candle1[i] = bodyLow;
Bar2[i] = low; Candle2[i] = bodyLow;
Bar3[i] = low; Candle3[i] = bodyLow;
Bar4[i] = low; Candle4[i] = bodyLow;
switch(col)
{
case 1: Bar1[i] = high; Candle1[i] = bodyHigh; break;
case 2: Bar2[i] = high; Candle2[i] = bodyHigh; break;
case 3: Bar3[i] = high; Candle3[i] = bodyHigh; break;
case 4: Bar4[i] = high; Candle4[i] = bodyHigh; break;
}
}
int start()
{
for(int i = MathMax(Bars-1-IndicatorCounted(),1); i>=0; i--)
{
double Plusdi = plusdi(i);
double Minusdi = minusdi(i);
double adx = ADX(i);
if((Plusdi > Minusdi)&&(adx < ADXSignal_Level)) SetCandleColor(1,i);
else if((Plusdi < Minusdi)&&(adx < ADXSignal_Level)) SetCandleColor(2,i);
else if((Plusdi > Minusdi) &&(adx > ADXSignal_Level)) SetCandleColor(3,i);
else if((Plusdi < Minusdi) &&( adx > ADXSignal_Level)) SetCandleColor(4,i);
}
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
Series array that contains open prices of each bar
Indicator Curves created:
Implements a curve of type DRAW_HISTOGRAM
Indicators Used:
Movement directional index
Custom Indicators Used:
Order Management characteristics:
Other Features: