//+------------------------------------------------------------------+
//| Elliott Wave Oscillator.mq4 |
//| tonyc2a@yahoo.com |
//| |
//+------------------------------------------------------------------+
#property copyright "tonyc2a@yahoo.com"
#property link ""
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 LimeGreen
#property indicator_color2 FireBrick
//---- buffers
double Buffer;
double HistogramBufferUp[];
double HistogramBufferDown[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID,2);
SetIndexStyle(1, DRAW_HISTOGRAM, STYLE_SOLID, 2);
SetIndexBuffer(0, HistogramBufferUp);
SetIndexBuffer(1, HistogramBufferDown);
IndicatorDigits(Digits + 2);
IndicatorShortName("Elliott Wave Oscillator");
//----
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,MA34;
int limit=Bars-counted_bars;
if(counted_bars>0) limit++;
//---- TODO: add your code here
for(int i=0; i<limit; i++)
{
MA5=iMA(NULL,0,5,0,MODE_SMA,PRICE_MEDIAN,i);
MA34=iMA(NULL,0,34,0,MODE_SMA,PRICE_MEDIAN,i);
Buffer=MA5-MA34;
if(Buffer > 0)
{
HistogramBufferUp[i] = Buffer;
HistogramBufferDown[i] = 0;
}
else
if(Buffer < 0)
{
HistogramBufferDown[i] = Buffer;
HistogramBufferUp[i] = 0;
}
else
{
HistogramBufferUp[i] = 0;
HistogramBufferDown[i] = 0;
}
}
//----
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Indicator Curves created:
Implements a curve of type DRAW_HISTOGRAM
Implements a curve of type DRAW_HISTOGRAM
Indicators Used:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: