//+------------------------------------------------------------------+
//| MACD-Crossover_Signal.mq4 |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2007, Robert Hill)"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 SpringGreen
#property indicator_color2 Red
double CrossUp[];
double CrossDown[];
extern int FastEMA=12;
extern int SlowEMA=26;
extern int SignalSMA=9;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0, DRAW_ARROW, EMPTY);
SetIndexArrow(0, 233);
SetIndexBuffer(0, CrossUp);
SetIndexStyle(1, DRAW_ARROW, EMPTY);
SetIndexArrow(1, 234);
SetIndexBuffer(1, CrossDown);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start() {
int limit, i, counter;
double MACD_Main, MACD_Signal, MACD_MainPrevious, MACD_SignalPrevious;
double Range, AvgRange;
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;
for(i = 0; i <= limit; i++) {
counter=i;
Range=0;
AvgRange=0;
for (counter=i ;counter<=i+9;counter++) {
AvgRange=AvgRange+MathAbs(High[counter]-Low[counter]);
}
Range=AvgRange/10;
MACD_Main = iMACD(NULL, 0, FastEMA, SlowEMA, SignalSMA, PRICE_CLOSE, MODE_MAIN, i);
MACD_MainPrevious = iMACD(NULL, 0, FastEMA, SlowEMA, SignalSMA, PRICE_CLOSE, MODE_MAIN, i+1);
MACD_Signal = iMACD(NULL, 0, FastEMA, SlowEMA, SignalSMA, PRICE_CLOSE, MODE_SIGNAL, i);
MACD_SignalPrevious = iMACD(NULL, 0, FastEMA, SlowEMA, SignalSMA, PRICE_CLOSE, MODE_SIGNAL, i+1);
if ((MACD_Signal < MACD_Main) && (MACD_SignalPrevious > MACD_MainPrevious)) {
CrossUp[i] = Low[i] - Range*0.5;
}
else if ((MACD_Signal > MACD_Main) && (MACD_SignalPrevious < MACD_MainPrevious)) {
CrossDown[i] = High[i] + Range*0.5;
}
}
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
Indicator Curves created:
Implements a curve of type DRAW_ARROW
Indicators Used:
MACD Histogram
Custom Indicators Used:
Order Management characteristics:
Other Features: