//+------------------------------------------------------------------+
//| R2_Arrows_v4a.mq4 |
//| Copyright © 2007 , transport_david , David W Honeywell |
//| hellonwheels.trans@gmail.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2007 , transport_david , David W Honeywell"
#property link "hellonwheels.trans@gmail.com"
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_color1 Yellow
#property indicator_color2 Red
#property indicator_color3 Lime
#property indicator_color4 LightGray
extern bool Use_Hull = false;
extern string s1 = "---------------";
extern int Ma_Periods = 200;
extern int Ma_Type_if_not_Hull = 0; // only if Use_Hull = false
extern int Ma_Applied_Price = 0;
extern string s2 = "---------------";
extern int RsiPeriods = 2;
extern int Rsi_Applied_Price = 0;
extern string s3 = "---------------";
extern int BuyIfDay1RsiBelow = 65; // 1st day of tracking must be < this setting
extern int BuyIfDay3RsiBelow = 65; // 3rd day must be < this setting
extern string s4 = "---------------";
extern int SellIfDay1RsiAbove = 35; // 1st day of tracking must be > this setting
extern int SellIfDay3RsiAbove = 35; // 3rd day must be > this setting
extern string s5 = "---------------";
extern int CloseBuyIfRsiAbove = 75;
extern int CloseSellIfRsiBelow = 25;
extern string s6 = "---------------";
extern int ShowBars = 10000;
double Trend_Ma[];
double Sell_Arrow[];
double Buy_Arrow[];
double Close_Trade_Marker[];
double Calc[];
double prevtime;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
IndicatorBuffers(5);
SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,1);
SetIndexEmptyValue(0,0.0);
SetIndexBuffer(0,Trend_Ma);
SetIndexLabel(0,"Trend_Ma_Periods ( "+Ma_Periods+" )");
SetIndexEmptyValue(1,0.0);
SetIndexStyle(1,DRAW_ARROW,STYLE_SOLID,0);
SetIndexArrow(1,234);
SetIndexBuffer(1,Sell_Arrow);
SetIndexLabel(1,"Sell_Arrow ( RsiPeriods "+RsiPeriods+" )");
SetIndexEmptyValue(2,0.0);
SetIndexStyle(2,DRAW_ARROW,STYLE_SOLID,0);
SetIndexArrow(2,233);
SetIndexBuffer(2,Buy_Arrow);
SetIndexLabel(2,"Buy_Arrow ( RsiPeriods "+RsiPeriods+" )");
SetIndexEmptyValue(3,0.0);
SetIndexStyle(3,DRAW_ARROW,STYLE_SOLID,0);
SetIndexArrow(3,172);
SetIndexBuffer(3,Close_Trade_Marker);
SetIndexLabel(3,"Close_Trade_Marker");
SetIndexEmptyValue(4,0.0);
SetIndexBuffer(4,Calc);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
//----
int shift = ShowBars;
if (ShowBars > Bars) ShowBars = Bars;
for ( shift = ShowBars; shift >= 0; shift-- )
{
double Exp = 2;
double firstwma = iMA(Symbol(),0,MathFloor(Ma_Periods/2),0,MODE_LWMA,Ma_Applied_Price,shift);
double secondwma = iMA(Symbol(),0,Ma_Periods,0,MODE_LWMA,Ma_Applied_Price,shift);
Calc[shift] = (Exp*firstwma)-secondwma;
}
if (Use_Hull)
{
for ( shift = ShowBars; shift >= 0; shift-- )
{
Trend_Ma[shift] = iMAOnArray(Calc,0,MathFloor(MathSqrt(Ma_Periods)),0,MODE_LWMA,shift);
if (prevtime != Time[0]) { RefreshRates(); prevtime=Time[0]; }
double Day1 = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift+3);
double Day2 = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift+2);
double Day3 = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift+1);
double Today = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift);
//- Sell Arrows ---
if ( (iClose(Symbol(),0,shift+1) < Trend_Ma[shift+1]) && (Day1 > SellIfDay1RsiAbove) && (Day2 > Day1) && (Day3 > Day2) && (Day3 > SellIfDay3RsiAbove) )
Sell_Arrow[shift] = iHigh(Symbol(),0,shift) + (20*Point);//High arrow Sell
//- Buy Arrows ---
if ( (iClose(Symbol(),0,shift+1) > Trend_Ma[shift+1]) && (Day1 < BuyIfDay1RsiBelow) && (Day2 < Day1) && (Day3 < Day2) && (Day3 < BuyIfDay3RsiBelow) )
Buy_Arrow[shift] = iLow(Symbol(),0,shift) - (20*Point);//Low arrow Buy
//- Close Trades Marker ---
if (Today < CloseSellIfRsiBelow)
Close_Trade_Marker[shift] = iLow(Symbol(),0,shift) - (50*Point);
if (Today > CloseBuyIfRsiAbove)
Close_Trade_Marker[shift] = iHigh(Symbol(),0,shift) + (50*Point);
}
return(0);
}
if (!Use_Hull)
{
for ( shift = ShowBars; shift >= 0; shift-- )
{
Trend_Ma[shift] = iMA( Symbol(), 0, Ma_Periods, 0, Ma_Type_if_not_Hull, Ma_Applied_Price, shift);
if (prevtime != Time[0]) { RefreshRates(); prevtime=Time[0]; }
Day1 = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift+3);
Day2 = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift+2);
Day3 = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift+1);
Today = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift);
//- Sell Arrows ---
if ( (iClose(Symbol(),0,shift+1) < Trend_Ma[shift+1]) && (Day1 > SellIfDay1RsiAbove) && (Day2 > Day1) && (Day3 > Day2) && (Day3 > SellIfDay3RsiAbove) )
Sell_Arrow[shift] = iHigh(Symbol(),0,shift) + (20*Point); // High arrow Sell
//- Buy Arrows ---
if ( (iClose(Symbol(),0,shift+1) > Trend_Ma[shift+1]) && (Day1 < BuyIfDay1RsiBelow) && (Day2 < Day1) && (Day3 < Day2) && (Day3 < BuyIfDay3RsiBelow) )
Buy_Arrow[shift] = iLow(Symbol(),0,shift) - (20*Point); // Low arrow Buy
//- Close Trades Marker ---
if (Today < CloseSellIfRsiBelow)
Close_Trade_Marker[shift] = iLow(Symbol(),0,shift) - (50*Point);
if (Today > CloseBuyIfRsiAbove)
Close_Trade_Marker[shift] = iHigh(Symbol(),0,shift) + (50*Point);
}
return(0);
}
//----
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains open time of each bar
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
Indicator Curves created:
Implements a curve of type DRAW_LINE
Implements a curve of type DRAW_ARROW
Indicators Used:
Moving average indicator
Relative strength index
Custom Indicators Used:
Order Management characteristics:
Other Features: