//+------------------------------------------------------------------+
//| Elliott Wave Oscillator.mq4 |
//| tonyc2a@yahoo.com |
//| |
//+------------------------------------------------------------------+
#property copyright "tonyc2a@yahoo.com"
#property link ""
#property indicator_buffers 2
#property indicator_separate_window
#property indicator_color1 LawnGreen
#property indicator_color2 Red
//---- buffers
double Buffer1[];
double Buffer2[];
double alertBar;
double prev;
double prev1;
extern int SoundAlertMode = 1;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID,2);
SetIndexBuffer(0,Buffer1);
SetIndexStyle(1,DRAW_HISTOGRAM,STYLE_SOLID,2);
SetIndexBuffer(1,Buffer2);
SetIndexLabel(0,"EWO");
//----
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();
double MA5,MA35;
//---- TODO: add your code here
for(int i=Bars;i>=0;i--){
MA5=iMA(NULL,0,5,0,MODE_SMA,PRICE_MEDIAN,i);
MA35=iMA(NULL,0,35,0,MODE_SMA,PRICE_MEDIAN,i);
if(Buffer2[i] > 0) {Buffer1[i]=MA5-MA35;Buffer2[i]=0;}
if(Buffer1[i] < 0) {Buffer2[i]=MA5-MA35;Buffer1[i]=0;}
if(prev != 2 && Buffer2[i] < Buffer1[i] && SoundAlertMode > 0 && Bars>alertBar) {Alert("Elliot Wave new Up wave starting on ",Symbol()," Period ",Period(),"buf1= ",Buffer1[i],"buf2= ",Buffer2[i]," prev = ", prev);alertBar = Bars;prev = 2;}
if(prev != 1 && Buffer2[i] > Buffer1[i] && Buffer2[i] != 0 && SoundAlertMode > 0 && Bars>alertBar) {Alert("Elliot Wave new Down wave starting on ",Symbol()," Period ",Period(),"buf1= ",Buffer1[i],"buf2= ",Buffer2[i]," prev = ", prev);alertBar = Bars;prev = 1;}
if(Buffer1[i] >= 0.0005 && Buffer2[i] != 0 && SoundAlertMode > 0 && Bars>alertBar) {Alert("Up wave Hit 0.0005 on ",Symbol()," Period ",Period()," buf1= ",Buffer1[i]," buf2= ",Buffer2[i]);alertBar = Bars;prev = Buffer1[i];}
if(Buffer2[i] <= -0.0003 && Buffer1[i] != 0 && SoundAlertMode > 0 && Bars>alertBar) {Alert("Down wave Hit -0.0003 on ",Symbol()," Period ",Period()," buf1= ",Buffer1[i]," buf2= ",Buffer2[i]);alertBar = Bars;prev1 = Buffer2[i];}
}
//----
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Indicator Curves created:
Implements a curve of type DRAW_HISTOGRAM
Indicators Used:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features:
It issuies visual alerts to the screen