//+------------------------------------------------------------------+
//| VoltyChannel_Stop_v2.1.mq4 |
//| Copyright © 2007, TrendLaboratory |
//| http://finance.groups.yahoo.com/group/TrendLaboratory |
//| E-mail: igorad2003@yahoo.co.uk |
//+------------------------------------------------------------------+
//| VoltyChannel_Stop_v2.1_TRO_MODIFIED_VERSION |
//| MODIFIED BY AVERY T. HORTON, JR. AKA THERUMPLEDONE@GMAIL.COM |
//| I am NOT the ORIGINAL author
// and I am not claiming authorship of this indicator.
// All I did was modify it. I hope you find my modifications useful.|
//| |
//+------------------------------------------------------------------+
//2008fxtsd mod
#property copyright "Copyright © 2007, TrendLaboratory"
#property link "http://finance.groups.yahoo.com/group/TrendLaboratory"
//----
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_color1 Blue
#property indicator_color2 Red
#property indicator_color3 Blue
#property indicator_color4 Red
#property indicator_width1 1
#property indicator_width2 1
#property indicator_width3 1
#property indicator_width4 1
//+--------- TRO MODIFICATION ---------------------------------------+
extern bool Sound.Alert = false ;
extern bool Show.PriceBox = true ;
extern int myBoxWidth = 3;
//---- input parameters
extern int MA_Price =0; //Applied Price: 0-C,1-O,2-H,3-L,4-Median,5-Typical,6-Weighted
extern int MA_Length =1; //MA's Period
extern int MA_Mode =0; //MA's Method:0-SMA,1-EMA,2-SMMA,3-LWMA
extern int ATR_Length =10;//ATR's Period
extern double Kv =4; //Volatility's Factor or Multiplier
extern double MoneyRisk =1; //Offset Factor
extern bool usePrice_HiLoBreak =true;
extern bool useMA_HiLoEnvelope =false;
extern int AlertMode =0; //0-alert off,1-on
extern int VisualMode =0; //0-lines,1-dots
extern string Applied_Price_ ="0-C,1-O,2-H,3-L,4-Median(H+L)/2,5-Typical(H+L+C)/3,6-Weighted(H+L+C+C)/4";
extern string MAmethod_mode_ ="0-SMA,1-EMA,2-SMMA,3-LWMA";
extern string Visual_Mode___ ="0-lines,1-dots ";
//---- indicator buffers
double UpBuffer[];
double DnBuffer[];
double UpSignal[];
double DnSignal[];
double smin[];
double smax[];
double trend[];
bool UpTrendAlert=false, DownTrendAlert=false;
//+--------- TRO MODIFICATION ---------------------------------------+
string symbol, tChartPeriod, tShortName ;
int digits, period ;
bool Trigger ;
int OldBars = -1 ;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//+--------- TRO MODIFICATION ---------------------------------------+
period = Period() ;
tChartPeriod = TimeFrameToString(period) ;
symbol = Symbol() ;
digits = Digits ;
tShortName = "tbb"+ symbol + tChartPeriod ;
string short_name;
//---- indicator line
IndicatorBuffers(7);
SetIndexBuffer(0,UpBuffer);
SetIndexBuffer(1,DnBuffer);
SetIndexBuffer(2,UpSignal);
SetIndexBuffer(3,DnSignal);
SetIndexBuffer(4,smin);
SetIndexBuffer(5,smax);
SetIndexBuffer(6,trend);
//----
if(VisualMode==0)
{
SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_LINE);
}
else
{
SetIndexStyle(0,DRAW_ARROW);
SetIndexStyle(1,DRAW_ARROW);
SetIndexArrow(0,159);
SetIndexArrow(1,159);
}
//----
SetIndexStyle(2,DRAW_ARROW);
SetIndexStyle(3,DRAW_ARROW);
SetIndexArrow(2,108);
SetIndexArrow(3,108);
//---- name for DataWindow and indicator subwindow label
short_name="VoltyChannel_Stop("+MA_Length+","+ATR_Length+","+DoubleToStr(Kv,3)+")";
IndicatorShortName(short_name);
SetIndexLabel(0,"UpTrend");
SetIndexLabel(1,"DnTrend");
SetIndexLabel(2,"UpSignal");
SetIndexLabel(3,"DnSignal");
//----
SetIndexDrawBegin(0,MA_Length+ATR_Length);
SetIndexDrawBegin(1,MA_Length+ATR_Length);
SetIndexDrawBegin(2,MA_Length+ATR_Length);
SetIndexDrawBegin(3,MA_Length+ATR_Length);
//----
return(0);
}
int deinit()
{
//+--------- TRO MODIFICATION ---------------------------------------+
ObjectDelete(tShortName+"01");
ObjectDelete(tShortName+"02");
//----
return(0);
}
//+------------------------------------------------------------------+
//| VoltyChannel_Stop_2 |
//+------------------------------------------------------------------+
int start()
{
//+--------- TRO MODIFICATION ---------------------------------------+
if( Bars != OldBars ) { Trigger = True ; }
int shift,limit, counted_bars=IndicatorCounted();
//----
if(counted_bars > 0) limit=Bars-counted_bars;
if(counted_bars < 0) return(0);
if(counted_bars ==0) limit=Bars-MA_Length-1;
for(shift=limit;shift>=0;shift--)
{
if(useMA_HiLoEnvelope)
{
double bprice=iMA(NULL,0,MA_Length,0,MA_Mode,2,shift);
double sprice=iMA(NULL,0,MA_Length,0,MA_Mode,3,shift);
}
else
{
bprice=iMA(NULL,0,MA_Length,0,MA_Mode,MA_Price,shift);
sprice=iMA(NULL,0,MA_Length,0,MA_Mode,MA_Price,shift);
}
smax[shift]=bprice + Kv*iATR(NULL,0,ATR_Length,shift);
smin[shift]=sprice - Kv*iATR(NULL,0,ATR_Length,shift);
trend[shift]=trend[shift+1];
if(usePrice_HiLoBreak)
{
if(High[shift] > smax[shift+1])trend[shift]= 1;
if(Low[shift] < smin[shift+1])trend[shift]=-1;
}
else
{
if(bprice > smax[shift+1])trend[shift]= 1;
if(sprice < smin[shift+1])trend[shift]=-1;
}
if(trend[shift] >0)
{
if(smin[shift] < smin[shift+1]) smin[shift]=smin[shift+1];
UpBuffer[shift]=smin[shift] - (MoneyRisk - 1)*iATR(NULL,0,ATR_Length,shift);
if(UpBuffer[shift] < UpBuffer[shift+1] && UpBuffer[shift+1]!=EMPTY_VALUE) UpBuffer[shift]=UpBuffer[shift+1];
if(trend[shift+1]!=trend[shift]) UpSignal[shift]=UpBuffer[shift];
else UpSignal[shift]=EMPTY_VALUE;
DnBuffer[shift]=EMPTY_VALUE;
DnSignal[shift]=EMPTY_VALUE;
}
else
if(trend[shift] <0)
{
if(smax[shift]>smax[shift+1]) smax[shift]=smax[shift+1];
DnBuffer[shift]=smax[shift] + (MoneyRisk - 1)*iATR(NULL,0,ATR_Length,shift);
if(DnBuffer[shift] > DnBuffer[shift+1]) DnBuffer[shift]=DnBuffer[shift+1];
if(trend[shift+1]!=trend[shift]) DnSignal[shift]=DnBuffer[shift];
else DnSignal[shift]=EMPTY_VALUE;
UpBuffer[shift]=EMPTY_VALUE;
UpSignal[shift]=EMPTY_VALUE;
}
}
//----
string Message;
if(trend[2]<0 && trend[1]>0 && Volume[0]>1 && !UpTrendAlert)
{
Message=" "+Symbol()+" M"+Period()+": VCS Signal for BUY";
if(AlertMode>0)Alert (Message);
UpTrendAlert=true; DownTrendAlert=false;
}
if(trend[2]>0 && trend[1]<0 && Volume[0]>1 && !DownTrendAlert)
{
Message=" "+Symbol()+" M"+Period()+": VCS Signal for SELL";
if(AlertMode>0)Alert (Message);
DownTrendAlert=true; UpTrendAlert=false;
}
//----
//+--------- TRO MODIFICATION ---------------------------------------+
if ( Trigger && Sound.Alert )
{
if( Close[0] > UpBuffer[0] && UpBuffer[0]!= EMPTY_VALUE ) { Trigger = False ; Alert(symbol," ", tChartPeriod, " Price above Upper Volty "+ DoubleToStr(UpBuffer[0] ,digits)); }
if( Close[0] < DnBuffer[0] && DnBuffer[0]!= EMPTY_VALUE ) { Trigger = False ; Alert(symbol," ", tChartPeriod, " Price below Lower Volty "+ DoubleToStr(DnBuffer[0] ,digits)); }
}
if(Show.PriceBox) { DoBox() ; }
OldBars = Bars ;
//+--------- TRO MODIFICATION ---------------------------------------+
//----
return(0);
}
//+------------------------------------------------------------------+
//+--------- TRO MODIFICATION ---------------------------------------+
void DoBox()
{
if (ObjectFind(tShortName+"01") != 0)
{
ObjectCreate(tShortName+"01",OBJ_ARROW,0,Time[0],UpBuffer[0]);
ObjectSet(tShortName+"01",OBJPROP_ARROWCODE,SYMBOL_RIGHTPRICE);
ObjectSet(tShortName+"01",OBJPROP_COLOR,indicator_color1);
ObjectSet(tShortName+"01",OBJPROP_WIDTH,myBoxWidth);
}
else
{
ObjectMove(tShortName+"01",0,Time[0],UpBuffer[0]);
ObjectSet(tShortName+"01",OBJPROP_COLOR,indicator_color1);
}
if (ObjectFind(tShortName+"02") != 0)
{
ObjectCreate(tShortName+"02",OBJ_ARROW,0,Time[0],DnBuffer[0]);
ObjectSet(tShortName+"02",OBJPROP_ARROWCODE,SYMBOL_RIGHTPRICE);
ObjectSet(tShortName+"02",OBJPROP_COLOR,indicator_color2);
ObjectSet(tShortName+"02",OBJPROP_WIDTH,myBoxWidth);
}
else
{
ObjectMove(tShortName+"02",0,Time[0],DnBuffer[0]);
ObjectSet(tShortName+"02",OBJPROP_COLOR,indicator_color2);
}
return(0);
}
//+--------- TRO MODIFICATION ---------------------------------------+
string TimeFrameToString(int tf)
{
string tfs;
switch(tf) {
case PERIOD_M1: tfs="M1" ; break;
case PERIOD_M5: tfs="M5" ; break;
case PERIOD_M15: tfs="M15" ; break;
case PERIOD_M30: tfs="M30" ; break;
case PERIOD_H1: tfs="H1" ; break;
case PERIOD_H4: tfs="H4" ; break;
case PERIOD_D1: tfs="D1" ; break;
case PERIOD_W1: tfs="W1" ; break;
case PERIOD_MN1: tfs="MN";
}
return(tfs);
}
//+--------- TRO MODIFICATION ---------------------------------------+
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
Series array that contains tick volumes of each bar
Series array that contains close prices for each bar
Series array that contains open time 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
Indicator of the average true range
Custom Indicators Used:
Order Management characteristics:
Other Features:
It issuies visual alerts to the screen