//+------------------------------------------------------------------+
//| TP_CcwnnelWidth.mq4 |
//| Ron Mauldin |
//| http://fx41.com |
//+------------------------------------------------------------------+
#property copyright "Ron Mauldin"
#property link "http://fx41.com"
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 White
#property indicator_color2 Green
#property indicator_color3 Red
#property indicator_width1 3
#property indicator_width2 1
#property indicator_width3 1
#property indicator_minimum 0.0
//----
extern int CW_Periods=7;
extern int CW_PipMultiplier=10000;
//---- buffers
double cwPeriodPips[];
double cwUP[];
double cwDN[];
int init(){
SetIndexStyle(0,DRAW_HISTOGRAM);
SetIndexBuffer(0, cwPeriodPips);
SetIndexDrawBegin(0,10);
SetIndexStyle(1,DRAW_HISTOGRAM);
SetIndexBuffer(1, cwUP);
SetIndexDrawBegin(1,10);
SetIndexStyle(2,DRAW_HISTOGRAM);
SetIndexBuffer(2, cwDN);
SetIndexDrawBegin(2,10);
return(0);
}
int deinit(){return(0);}
int start(){
double cwOpen, cwHigh, cwLow, cwClose,cwPeriodMax,cwPeriodMin,cwChannelWidth;
int counted_bars = IndicatorCounted();
if(counted_bars<0) counted_bars=0;
if(counted_bars>0) counted_bars--;
int limit = (Bars - 1 - counted_bars);
for(int bar = limit; bar >= 0; bar--){
cwPeriodMax=0;
cwPeriodMin=0;
cwOpen=((((((Open[bar+3]+High[bar+3]+Low[bar+3]+Close[bar+3])/4)+((Open[bar+2]+High[bar+2]+Low[bar+2]+Close[bar+2])/4))/2)+((Open[bar+1]+High[bar+1]+Low[bar+1]+Close[bar+1])/4))/2);
cwClose=(Open[bar]+High[bar]+Low[bar]+Close[bar])/4;
cwHigh=High[bar];
cwLow=Low[bar];
cwChannelWidth=CW_PipMultiplier*(cwHigh-cwLow);
if(cwOpen<cwClose){
cwUP[bar]=cwChannelWidth;
cwDN[bar]=0;
}else{
cwUP[bar]=0;
cwDN[bar]=cwChannelWidth;
}
cwPeriodMax = High[Highest(NULL,0,MODE_HIGH,CW_Periods,bar)];
cwPeriodMin = Low[Lowest(NULL,0,MODE_LOW,CW_Periods,bar)];
cwPeriodPips[bar]=CW_PipMultiplier*(cwPeriodMax-cwPeriodMin);
}
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:
Custom Indicators Used:
Order Management characteristics:
Other Features: