//+------------------------------------------------------------------+
//| LabTrend2_v1.mq4 |
//| Copyright © 2006, Forex-TSD.com |
//| Written by IgorAD,igorad2003@yahoo.co.uk |
//| http://finance.groups.yahoo.com/group/TrendLaboratory |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Forex-TSD.com "
#property link "http://www.forex-tsd.com/"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Chartreuse
#property indicator_color2 Orange
//---- input parameters
extern int Risk=3; // Sensivity Factor
extern double MoneyRisk=2.00; // Offset Factor
extern int BarsNumber=1000;
//---- indicator buffers
double UpTrendBuffer[];
double DownTrendBuffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
SetIndexBuffer(0,UpTrendBuffer);
SetIndexBuffer(1,DownTrendBuffer);
SetIndexStyle(0,DRAW_ARROW);
SetIndexStyle(1,DRAW_ARROW);
SetIndexArrow(0,159);
SetIndexArrow(1,159);
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS));
//---- name for DataWindow and indicator subwindow label
short_name="LabTrend2("+Risk+","+MoneyRisk+")";
IndicatorShortName(short_name);
SetIndexLabel(0,"UpTrend Stop");
SetIndexLabel(1,"DownTrend Stop");
//----
SetIndexDrawBegin(0,10);
SetIndexDrawBegin(1,10);
SetIndexDrawBegin(2,10);
SetIndexDrawBegin(3,10);
SetIndexDrawBegin(4,10);
SetIndexDrawBegin(5,10);
//----
return(0);
}
//+------------------------------------------------------------------+
//| LabTrend2_v1 |
//+------------------------------------------------------------------+
int start()
{
int i,shift,trend;
double smax[25000],smin[25000];
int Nbars=BarsNumber+100;
int Length=10; // Volatility(ATR) Period
double delta=MathAbs(Bid-Ask)/Point;
//double delta=3;
for (shift=Nbars;shift>=0;shift--)
{
UpTrendBuffer[shift]=0;
DownTrendBuffer[shift]=0;
}
for (shift=Nbars-Length-101;shift>=0;shift--)
{
double Range=iATR(NULL,0,Length,shift);
double sum=0;
for (i=1;i<=100;i++) sum+=iATR(NULL,0,Length,shift+i);
double AvgRange=sum/100.0;
if (Range<AvgRange) Range=AvgRange;
smax[shift]=High[shift]+(1.5+0.1*Risk)*Range;
smin[shift]=Low[shift]-(1.5+0.1*Risk)*Range;
double sma1=iMA(NULL,0,9,0,MODE_SMA,PRICE_CLOSE,shift);
double sma2=iMA(NULL,0,18+3*Risk,0,MODE_SMA,PRICE_CLOSE,shift);
if (sma1-sma2>delta*Point) trend=1;
if (sma2-sma1>delta*Point) trend=-1;
if(trend>0)
{
if(Low[shift]-smin[shift]<MoneyRisk*Range) smin[shift]=Low[shift]-MoneyRisk*Range;
if(smin[shift]<smin[shift+1]) smin[shift]=smin[shift+1];
}
if(trend<0)
{
if(smax[shift]-High[shift]<MoneyRisk*Range) smax[shift]=High[shift]+MoneyRisk*Range;
if(smax[shift]>smax[shift+1]) smax[shift]=smax[shift+1];
}
if (trend>0)
{
if (UpTrendBuffer[shift+1]==-1.0)
{
smin[shift]=Low[shift]-Range;
UpTrendBuffer[shift]=smin[shift];
}
else
{
UpTrendBuffer[shift]=smin[shift];
}
DownTrendBuffer[shift]=-1.0;
}
if (trend<0)
{
if (DownTrendBuffer[shift+1]==-1.0)
{
smax[shift]=High[shift]+Range;
DownTrendBuffer[shift]=smax[shift];
}
else
{
DownTrendBuffer[shift]=smax[shift];
}
UpTrendBuffer[shift]=-1.0;
}
}
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_ARROW
Indicators Used:
Indicator of the average true range
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: