//+------------------------------------------------------------------+
//| Trailing Stop Loss - Level.mq4 |
//| S.B.T. |
//| http://sufx.core.t3-ism.net/ |
//+------------------------------------------------------------------+
#property copyright "S.B.T."
#property link "http://sufx.core.t3-ism.net/"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 DeepPink
//---- input parameters
extern int Mode = 0;
extern double DeltaPrice = 0.003;
//---- buffers
double TrStop[];
double ATR[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0, DRAW_LINE);
SetIndexBuffer(0, TrStop);
SetIndexStyle(1, DRAW_NONE);
SetIndexBuffer(1, ATR);
string short_name = "Trailing Stop Loss - Level(" + Mode + ", " + DeltaPrice + ")";
IndicatorShortName(short_name);
SetIndexLabel(0, short_name);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars = IndicatorCounted();
int limit;
int i;
double DeltaStop;
limit = Bars;
for(i = 0; i < limit; i ++) {
ATR[i] = iATR(NULL, 0, 14, i);
}
for(i = limit - 1; i >= 0; i --) {
if (Mode == 0) {
DeltaStop = iMAOnArray(ATR, 0, (14 * 2) - 1, 0, MODE_EMA, i) * 2.824;
} else {
DeltaStop = DeltaPrice;
}
if (Close[i] == TrStop[i + 1]) {
TrStop[i] = TrStop[i + 1];
} else {
if (Close[i + 1] < TrStop[i + 1] && Close[i] < TrStop[i + 1]) {
TrStop[i] = MathMin(TrStop[i + 1], Close[i] + DeltaStop);
} else {
if (Close[i + 1] > TrStop[i + 1] && Close[i] > TrStop[i + 1]) {
TrStop[i] = MathMax(TrStop[i + 1], Close[i] - DeltaStop);
} else {
if (Close[i] > TrStop[i + 1]) TrStop[i] = Close[i] - DeltaStop; else TrStop[i] = Close[i] + DeltaStop;
}
}
}
}
//----
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains close prices for each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Implements a curve of type DRAW_NONE
Indicators Used:
Indicator of the average true range
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: