// Trend Manager.mq4
// Based on indicator sold at traderstradingsystem.com
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Red
#property indicator_color2 Blue
extern int TM_Period = 7;
extern int TM_Shift = 2;
double SpanA_Buffer[];
double SpanB_Buffer[];
int a_begin;
int init()
{
a_begin=TM_Shift;
SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID,3);
SetIndexBuffer(0,SpanB_Buffer);
SetIndexDrawBegin(0,TM_Period+a_begin-1);
SetIndexLabel(0,"TM_Period+");
SetIndexStyle(1,DRAW_HISTOGRAM,STYLE_SOLID,3);
SetIndexBuffer(1,SpanA_Buffer);
SetIndexDrawBegin(1,TM_Period+a_begin-1);
SetIndexLabel(1,"TM_Period");
return(0);
}
int start()
{
int i,k;
int counted_bars=IndicatorCounted();
double high,low,price;
int rhs,rls, j, rhls;
double weight;
if(Bars<=TM_Period) return(0);
if(counted_bars<1)
{
for(i=1;i<=TM_Period;i++)
{
SpanA_Buffer[Bars-i]=0;
SpanB_Buffer[Bars-i]=0;
}
}
i=Bars-TM_Period;
if(counted_bars>TM_Period) i=Bars-counted_bars-1;
while(i>=0)
{
high=High[i]; low=Low[i]; k=i-1+TM_Period;
while(k>=i)
{
price=High[k];
if(high<price)
{
high=price;
rhs=k;
}
price=Low[k];
if(low>price)
{
low=price;
rls=k;
}
k--;
}
rhls=MathMin(rls,rhs);
int cnt=0;
double lw=0;
double hg=0;
double mid=0;
double midsum=0;
for(j=rhls;j>=i;j--)
{
hg=High[j];
lw=Low[j];
mid=(hg+lw)/2;
midsum=midsum+mid;
cnt++;
}
weight=NormalizeDouble(midsum/cnt,Digits);
if (i==0)
{
//Alert(weight);
//Alert(rls);
}
SpanA_Buffer[i] = NormalizeDouble((high+low+weight)/3.0, Digits);
SpanB_Buffer[i] = SpanA_Buffer[i+TM_Shift];
i--;
}
return(0);
}
Sample
Analysis
Market Information Used:
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_HISTOGRAM
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: