#property indicator_chart_window
//---- indicator parameters
extern int TargetPeriod=24;
extern int FiboPeriod=24;
extern bool ShowTarget=true;
extern bool ShowFiboLines=false;
extern bool ShowHighLow=true;
extern int MaxBars=100;
extern color Line_color = Green;
extern color Target_color = Red;
//---- indicator buffers
double zzL[];
double zzH[];
double zz[];
double target1=0,target2=0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
return(0);
}
int deinit()
{
//----
ObjectDelete("Target1=");
ObjectDelete("Target2=");
ObjectDelete("TargetUp");
ObjectDelete("TargetDown");
ObjectDelete("TP1");
ObjectDelete("TP2");
ObjectDelete("R0");
ObjectDelete("R1");
ObjectDelete("R2");
ObjectDelete("R3");
ObjectDelete("R4");
ObjectDelete("R5");
ObjectDelete("LH");
ObjectDelete("LL");
ObjectDelete("Low");
ObjectDelete("High");
ObjectDelete("1.0");
ObjectDelete("0.618");
ObjectDelete("0.5");
ObjectDelete("0.382");
ObjectDelete("0.236");
ObjectDelete("0.0");
Comment(" ");
//----
return(0);
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
double start()
{
int i,shift,pos,lasthighpos,lastlowpos,curhighpos,curlowpos;
int targethighpos,targetlowpos;
double curlow,curhigh,lasthigh,lastlow,targethigh,targetlow;
double min, max;
lasthighpos=Bars; lastlowpos=Bars;
lastlow=Low[Bars];lasthigh=High[Bars];
targethighpos=Bars; targetlowpos=Bars;
targetlow=Low[Bars];targethigh=High[Bars];
if(Bars<200)MaxBars=Bars;
for(shift=MaxBars-FiboPeriod; shift>=0; shift--)
{
curlowpos=Lowest(NULL,0,MODE_LOW,FiboPeriod,shift);
curlow=Low[curlowpos];
curhighpos=Highest(NULL,0,MODE_HIGH,FiboPeriod,shift);
curhigh=High[curhighpos];
if(shift<MaxBars-TargetPeriod){
targetlowpos=Lowest(NULL,0,MODE_LOW,TargetPeriod,shift);
targetlow=Low[targetlowpos];
targethighpos=Highest(NULL,0,MODE_HIGH,TargetPeriod,shift);
targethigh=High[targethighpos];
}
//------------------------------------------------
if( curlow>=lastlow ) { lastlow=curlow; }
else
{
if( lasthighpos>curlowpos )
{
zzL[curlowpos]=curlow;
min=100000; pos=lasthighpos;
for(i=lasthighpos; i>=curlowpos; i--)
{
if (zzL[i]==0.0) continue;
if (zzL[i]<min) { min=zzL[i]; pos=i; }
zz[i]=0.0;
}
zz[pos]=min;
}
lastlowpos=curlowpos;
lastlow=curlow;
}
//--- high
if( curhigh<=lasthigh ) { lasthigh=curhigh;}
else
{
if( lastlowpos>curhighpos )
{
zzH[curhighpos]=curhigh;
max=-100000; pos=lastlowpos;
for(i=lastlowpos; i>=curhighpos; i--)
{
if (zzH[i]==0.0) continue;
if (zzH[i]>max) { max=zzH[i]; pos=i; }
zz[i]=0.0;
}
zz[pos]=max;
}
lasthighpos=curhighpos;
lasthigh=curhigh;
}
double p, r5,r4,r3,r2,r1,r0;
double R2= targethigh - targetlow;
double R1= lasthigh - lastlow;
double R= High[lasthighpos] - Low[lastlowpos];
int div=10000;
if(Digits==2)div=100;
if(Digits==4)div=10000;
if(Digits==5)div=100000;
if(lastlowpos<lasthighpos) {
p = curlow;
r5 = p + (R * 1);
r4 = p + (R * 0.618);
r3 = p + (R * 0.5);
r2 = p + (R * 0.382);
r1 = p + (R * 0.236);
r0 = p + (R * 0);
if(Close[0]>(targetlow+(R2*0.618)) )target1= targethigh + (R2 * 0.618);
if(Close[0]>target1)target1= 0;
}
if(lasthighpos<lastlowpos) {
p = curhigh;
r5 = p - (R * 1);
r4 = p - (R * 0.618);
r3 = p - (R * 0.5);
r2 = p - (R * 0.382);
r1 = p - (R * 0.236);
r0 = p - (R * 0);
if(Close[0]<(targethigh-(R2*0.618)) )target2= targetlow - (R2 * 0.618);
if(Close[0]<target2 )target2= 0;
}
if(ShowHighLow==true){
drawLine(High[lasthighpos],"LH", Line_color,1);
drawLabel("High",High[lasthighpos],Line_color,13);
drawLine(Low[lastlowpos],"LL", Line_color,1);
drawLabel("Low",Low[lastlowpos],Line_color,13);
}
if(ShowHighLow==false && ShowFiboLines==true){
drawLine(r5,"R5", Yellow,2);
drawLabel("1.0",r5,Yellow,13);
drawLine(r0,"R0", Yellow,2);
drawLabel("0.0",r0,Yellow,13);
}
if(ShowFiboLines==true){
drawLine(r4,"R4", Yellow,2);
drawLabel("0.618",r4,Yellow,13);
drawLine(r3,"R3", Yellow,2);
drawLabel("0.5",r3,Yellow,13);
drawLine(r2,"R2", Yellow,2);
drawLabel("0.382",r2,Yellow,13);
drawLine(r1,"R1", Yellow,2);
drawLabel("0.236",r1,Yellow,13);
}
if(target1>0 && ShowTarget==true){
drawLine(target1,"TP1", Target_color,2);
drawLabel("TargetUp",target1,Target_color,7);
drawTarget("Target1=",target1,Target_color,1);
}
if(target2>0 && ShowTarget==true){
drawLine(target2,"TP2", Target_color,2);
drawLabel("TargetDown",target2,Target_color,7);
drawTarget("Target2=",target2,Target_color,2);
}
}
}
void drawTarget(string name,double lvl,color Color,int num)
{
string target=DoubleToStr(lvl, Digits);
ObjectCreate(name, OBJ_LABEL, 0, 0, 0);
if(num==1){
ObjectSet(name, OBJPROP_XDISTANCE, 340);
ObjectSet(name, OBJPROP_YDISTANCE, 2);
ObjectSetText(name, "Target UP = "+target, 9, "Arial", Lime);
}
if(num==2){
ObjectSet(name, OBJPROP_XDISTANCE, 470);
ObjectSet(name, OBJPROP_YDISTANCE, 2);
ObjectSetText(name, "Target DOWN = "+target, 9, "Arial", Lime);
}
}
//+------------------------------------------------------------------+
void drawLabel(string name,double lvl,color Color,int time)
{
if(ObjectFind(name) != 0)
{
ObjectCreate(name, OBJ_TEXT, 0, Time[time], lvl);
ObjectSetText(name, name, 8, "Arial", EMPTY);
ObjectSet(name, OBJPROP_COLOR, Color);
}
else
{
ObjectMove(name, 0, Time[time], lvl);
}
}
void drawLine(double lvl,string name, color Col,int type)
{
if(ObjectFind(name) != 0)
{
if(type == 1){
ObjectCreate(name, OBJ_HLINE, 0, Time[0], lvl,Time[0],lvl);
ObjectSet(name, OBJPROP_STYLE, STYLE_SOLID);
}
else {
ObjectCreate(name, OBJ_GANNLINE, 0, Time[15], lvl,Time[0],lvl);
ObjectSet(name, OBJPROP_STYLE, STYLE_SOLID);
}
ObjectSet(name, OBJPROP_COLOR, Col);
ObjectSet(name,OBJPROP_WIDTH,1);
}
else
{
ObjectDelete(name);
if(type == 1){
ObjectCreate(name, OBJ_HLINE, 0, Time[0], lvl,Time[0],lvl);
ObjectSet(name, OBJPROP_STYLE, STYLE_SOLID);
}
else {
ObjectCreate(name, OBJ_GANNLINE, 0, Time[15], lvl,Time[0],lvl);
ObjectSet(name, OBJPROP_STYLE, STYLE_SOLID);
}
ObjectSet(name, OBJPROP_COLOR, Col);
ObjectSet(name,OBJPROP_WIDTH,1);
}
//----------------------------------------------------------------------
}
//+------------------------------------------------------------------+
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 close prices for each bar
Series array that contains open time of each bar
Indicator Curves created:
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: