#property copyright "Metatrader4 Code by jjk2. Based on MBA Thesis from Simon Fraser University written by C.E. ALDEA." #property link "" #property indicator_separate_window #property indicator_buffers 3 #property indicator_color1 Green #property indicator_color2 Yellow #property indicator_color3 White #property indicator_width1 3 #property indicator_width2 3 #property indicator_width3 1 //---- buffers double ExtMapBuffer1[]; double ExtMapBuffer2[]; double ExtMapBuffer3[]; double ExtMapBuffer4[]; //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int init() { IndicatorBuffers(4); SetIndexBuffer(0,ExtMapBuffer1); SetIndexBuffer(1,ExtMapBuffer2); SetIndexBuffer(2,ExtMapBuffer3); SetIndexBuffer(3,ExtMapBuffer4); SetIndexStyle(0,DRAW_HISTOGRAM); SetIndexStyle(1,DRAW_HISTOGRAM); SetIndexLabel(2,NULL); string short_name = "ZigZag BETA Current value:"; IndicatorShortName(short_name); return(0); } int deinit() { return(0); } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ int start() { int counted_bars = IndicatorCounted(); int limit; if (counted_bars<0) return(-1); if (counted_bars>0) counted_bars--; limit = Bars-counted_bars; // // // // // for (int i=limit; i>=0; i--) { double MACD = iMACD(NULL,0,12,26,9,PRICE_CLOSE,0,i); double Stoch = iStochastic(NULL,0,9,6,2,MODE_SMA,1,0,i); double RSI = iRSI(NULL,0,9,PRICE_CLOSE,i); double moment = iMomentum(NULL,0,9,PRICE_CLOSE,i); if (moment != 0) ExtMapBuffer4[i] = Stoch*(MACD+RSI)/moment; else ExtMapBuffer4[i] = 0.00; } // // // // // for (i=limit; i>=0; i--) { ExtMapBuffer3[i] = iMAOnArray(ExtMapBuffer4,0,2,0,MODE_SMA,i); if (ExtMapBuffer3[i]>ExtMapBuffer3[i+1]) { ExtMapBuffer1[i] = ExtMapBuffer3[i]; ExtMapBuffer2[i] = EMPTY_VALUE; } else { ExtMapBuffer2[i] = ExtMapBuffer3[i]; ExtMapBuffer1[i] = EMPTY_VALUE; } } // // // // // return(0); }
Sample
Analysis
Market Information Used:
Indicator Curves created:
Implements a curve of type DRAW_HISTOGRAM
Indicators Used:
MACD Histogram
Stochastic oscillator
Relative strength index
Momentum indicator
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: