//+------------------------------------------------------------------+
//| PowerTrend MultiTimeFrame MACD |
//| |
//| Copyright © 2008, Tim Hyder aka Hiachiever |
//| |
//| PO BOX 768, Hillarys, Western Australia, Australia, 6923 |
//| |
//| GIFTS AND DONATIONS ACCEPTED |
//| All my indicators should be considered donationware. That is |
//| you are free to use them for your personal use, and are |
//| under no obligation to pay for them. However, if you do find |
//| this or any of my other indicators help you with your trading |
//| then any Gift or Donation as a show of appreciation is |
//| gratefully accepted. |
//| |
//| Gifts or Donations also keep me motivated in producing more |
//| great free indicators. :-) |
//| |
//| PayPal - hiachiever@gmail.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2007, Tim Hyder."
#property link "http://www.the4xtrader.com"
#define vers "18.Feb.2008"
#define major 1
#define minor 0
#property indicator_separate_window
#property indicator_minimum 0
#property indicator_maximum 7
#property indicator_buffers 4
#property indicator_color1 Aqua //MACD.Above0.Up - Strong Up
#property indicator_color2 Red //MACD.Below0.Down - Strong Down
#property indicator_color3 DodgerBlue //MACD.Above0.Dn - Weak Up
#property indicator_color4 Orange //MACD.Below0.Up - Weak mDn
extern string NOTE1 = " --- TimeFrame Settings ---";
extern string NOTETF = "Enter 0 to display current TF";
extern int TimeFrame = 0;
extern string NOTE2 = " --- Display Settings ---";
extern string NOTEVS = "Vertically positions indicator";
extern int VertShift = 1;
extern string NOTEMACD = " --- MACD Settings ---";
extern int MD_Fast = 12;
extern int MD_Slow = 26;
extern int MD_Sig = 9;
extern string NoteMACD1a = " -- Signal Lines = (True) || Histogram = (False) -- ";
extern bool UseSignalLines = False;
extern string NOTEDISPLAY = " --- Other Display options ---";
extern int MaxBars = 1000;
extern string DISPLAYFVS1 = "FineVertShift allows Time Frame label";
extern string DISPLAYFVS2 = "to be moved up and down";
extern double TFLabelVS = -0.6;
//colour of time frame label on far right of indicator
extern color TFTextColor = White;
extern color TFSameTFColor = Lime;
extern int TFTextFontSize = 6;
extern string NOTEALERTS = " --- Alerts ---";
extern bool AllowTextAlerts = false;
extern bool AllowSoundAlerts = false;
extern string LongSound = "alert3.wav";
extern string ShortSound = "alert4.wav";
extern bool AllowEmailAlerts = false;
//---- buffers
double bufStrongUp[], bufWeakUp[] ;
double bufStrongDn[], bufWeakDn[];
string ShortName = "";
string Prefix = "MTF-MACD";
int ArrowSize = 110;
int BarWidth = 0;
datetime LastTime = -1;
int TFrame, Window;
//Four constants used in one of the functions below
int MACD.Above0.Up = 1 ,MACD.Above0.Dn = 2 ,MACD.Below0.Dn = 3,MACD.Below0.Up = 4;
//---------------------------------------------------------------------------------------------------------------
void init()
{
IndicatorBuffers(4);
SetIndexStyle(0, DRAW_ARROW, 0, BarWidth);
SetIndexStyle(1, DRAW_ARROW, 0, BarWidth);
SetIndexStyle(2, DRAW_ARROW, 0, BarWidth);
SetIndexStyle(3, DRAW_ARROW, 0, BarWidth);
SetIndexArrow(0, ArrowSize);
SetIndexArrow(1, ArrowSize);
SetIndexArrow(2, ArrowSize);
SetIndexArrow(3, ArrowSize);
SetIndexBuffer(0, bufStrongUp);
SetIndexBuffer(1, bufStrongDn);
SetIndexBuffer(2, bufWeakUp);
SetIndexBuffer(3, bufWeakDn);
SetIndexEmptyValue(0, 0.0);
SetIndexEmptyValue(1, 0.0);
SetIndexEmptyValue(2, 0.0);
SetIndexEmptyValue(3, 0.0);
SetIndexLabel(0, NULL);
SetIndexLabel(1, NULL);
SetIndexLabel(2, NULL);
SetIndexLabel(3, NULL);
IndicatorDigits(0);
//Verify Time Values entered by user
TFrame = CheckTimeFrame(TimeFrame);
//---- name for DataWindow and indicator subwindow label
//VertShift = GetNextIndicatorNo(Prefix);
ShortName = Prefix + VertShift;
IndicatorShortName(ShortName);
}
void deinit()
{
int total = ObjectsTotal();
for (int i=total-1; i >= 0; i--)
{
string name = ObjectName(i);
if (StringFind(name, Prefix) == 0) ObjectDelete(name);
}
}
void start()
{
int i,tf,x,y=0;
datetime TimeArray[];
int MD;
Window = WindowFind(ShortName);
//This indicator is designed to display mutliple TFs in 1 indicator Window
//When suqsequent indicators are dropped on the same Window
//as a previous one WindowFind returns -1 ie can't find it.
//This loop is to loop through the windows and find the window reference
//The purpose behind all of this is to fix the problem of the TF labels
//not being displayed for indicator 2,3,4 etc because of the Window reference
if (Window == -1)
{
for (i=0; i<20; i++)
{
x = WindowFind(Prefix + i);
if (x > 0)
{
Window = x;
break;
}
}
}
int counted_bars=IndicatorCounted();
//---- check for possible errors
if (counted_bars < 0) return(-1);
//---- the last counted bar will be recounted
if (counted_bars > 0) counted_bars--;
int limit = Bars - counted_bars;
limit = MathMin(limit, MaxBars);
//-------------------------------1----------------------------------------
// Plot defined time frame on to current time frame
ArrayCopySeries(TimeArray,MODE_TIME,Symbol(),TimeFrame);
for(i=0,y=0;i<limit;i++)
{
if (Time[i]<TimeArray[y]) y++;
/***********************************************************
Add your main indicator loop below. You can reference an existing
function with its name or an indicator with its iName or iCustom.
Rule 1: Add extern inputs above for all neccesary values
Rule 2: Use 'TFrame' for the indicator time frame
Rule 3: Use 'y' for your indicator's shift value
**********************************************************/
MD = GetMACD(TFrame,y);
bufStrongUp[i] = 0;
bufWeakUp[i] = 0;
bufStrongDn[i] = 0;
bufWeakDn[i] = 0;
if (MD == MACD.Above0.Up) bufStrongUp[i] = VertShift;
else if (MD == MACD.Above0.Dn) bufWeakUp[i] = VertShift;
else if (MD == MACD.Below0.Dn) bufStrongDn[i] = VertShift;
else if (MD == MACD.Below0.Up) bufWeakDn[i] = VertShift;
}//End For Loop
CreateTFLabel(TFrame);
string MailSubject = "MTF MACD";
string msg = "MTF MACD on " +Symbol()+ " " +(TimeFrame);
int bar = 1;
if (LastTime != Time[0])
{
//-> Lime
if (bufStrongUp[bar] != 0 && bufStrongUp[bar+1] == 0)
{
msg = msg + " has changed to Strong Up Trend";
if (AllowTextAlerts) Alert(msg);
if (AllowSoundAlerts) PlaySound(LongSound);
if (AllowEmailAlerts) SendMail(MailSubject, msg);
}
//<- Lime
if (bufStrongUp[bar] == 0 && bufStrongUp[bar+1] != 0)
{
msg = msg + " has changed from Strong Up Trend";
if (AllowTextAlerts) Alert(msg);
if (AllowSoundAlerts) PlaySound(LongSound);
if (AllowEmailAlerts) SendMail(MailSubject, msg);
}
//-> Red
if (bufStrongDn[bar] != 0 && bufStrongDn[bar+1] == 0)
{
msg = msg + " has changed to Strong Down Trend";
if (AllowTextAlerts) Alert(msg);
if (AllowSoundAlerts) PlaySound(ShortSound);
if (AllowEmailAlerts) SendMail(MailSubject, msg);
}
//<- Red
if (bufStrongDn[bar] == 0 && bufStrongDn[bar+1] != 0)
{
msg = msg + " has changed from Strong Down Trend";
if (AllowTextAlerts) Alert(msg);
if (AllowSoundAlerts) PlaySound(ShortSound);
if (AllowEmailAlerts) SendMail(MailSubject, msg);
}
LastTime = Time[0];
}
return(0);
}
void CreateTFLabel(int TF)
{
string txt = TF2Str(TF);
if(UseSignalLines) txt = txt;
double TimeDiff = Time[0]-Time[1];
string name = Prefix+VertShift+"_TF_"+txt;
color labelcolor = TFTextColor;
string fontname = "Arial";
//If Tf = Chart Period change TF Label colour so that it can be easily identified
if (TF == Period())
{
labelcolor = TFSameTFColor;
fontname = "Arial Bold";
TFLabelVS = -0.7;
}
if(VertShift<TFLabelVS) TFLabelVS = 0; //TFLabelVS = TF Label Vertical Shift
if (ObjectFind(name) == -1)
{
ObjectCreate(name, OBJ_TEXT, Window, iTime(NULL,0,0)+2*TimeDiff, VertShift-TFLabelVS);
ObjectSetText(name, txt,TFTextFontSize,fontname, labelcolor);
}
else
ObjectSet(name, OBJPROP_TIME1, iTime(NULL,0,0)+2*TimeDiff);
}
string TF2Str(int period)
{
switch (period)
{
case PERIOD_M1: return("M1");
case PERIOD_M5: return("M5");
case PERIOD_M15: return("M15");
case PERIOD_M30: return("M30");
case PERIOD_H1: return("H1");
case PERIOD_H4: return("H4");
case PERIOD_D1: return("D1");
case PERIOD_W1: return("W1");
case PERIOD_MN1: return("MN");
}
return (Period());
}
int CheckTimeFrame(int TimeFrame)
{
int result;
if (TimeFrame == 0)
result = Period();
else
{
switch(TimeFrame)
{
case 1 : result = PERIOD_M1; break;
case 5 : result = PERIOD_M5; break;
case 15 : result = PERIOD_M15; break;
case 30 : result = PERIOD_M30; break;
case 60 : result = PERIOD_H1; break;
case 240 : result = PERIOD_H4; break;
case 1440 : result = PERIOD_D1; break;
case 7200 : result = PERIOD_W1; break;
case 28800: result = PERIOD_MN1; break;
default : result = Period(); break; //Error so return current TF
}
}
return(result);
}
int GetMACD(int TF, int shift)
{
if (UseSignalLines)
{
double MACDM=iMACD(NULL,TF,MD_Fast,MD_Slow,MD_Sig,PRICE_CLOSE,MODE_MAIN,shift);
double MACDSIG=iMACD(NULL,TF,MD_Fast,MD_Slow,MD_Sig,PRICE_CLOSE,MODE_SIGNAL,shift);
if (MACDM>0)
{
if (MACDM>MACDSIG) return(MACD.Above0.Up);
else return(MACD.Above0.Dn); //this is weak up default = Dodger Blue
}
else //MACD < 0
{
if (MACDM<MACDSIG) return(MACD.Below0.Dn);
else return(MACD.Below0.Up);
}
}
else
{
double MDNow=iOsMA(NULL,TF,MD_Fast,MD_Slow,MD_Sig,PRICE_CLOSE,shift);
double MDPrev=iOsMA(NULL,TF,MD_Fast,MD_Slow,MD_Sig,PRICE_CLOSE,shift+1);
if (MDNow> 0)
{
if (MDNow>= MDPrev) return(MACD.Above0.Up);
else return(MACD.Above0.Dn);
}
else
{
if (MDNow<= MDPrev) return(MACD.Below0.Dn);
else return(MACD.Below0.Up);
}
}
}
Sample
Analysis
Market Information Used:
Series array that contains open time of each bar
Indicator Curves created:
Implements a curve of type DRAW_ARROW
Indicators Used:
MACD Histogram
Moving Average of Oscillator
Custom Indicators Used:
Order Management characteristics:
Other Features:
It issuies visual alerts to the screen
It plays sound alerts
It sends emails