MBKAsctrend3times1





//+------------------------------------------------------------------+
//| MBKAsctrend3times.mq4 
//+------------------------------------------------------------------+
#property copyright "MBKAsctrend3times matt kennel"
#property link      "http://www.metatrader.org"

#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_width1 1
#property indicator_color2 Red
#property indicator_width2 1

//---- input parameters
//
//
// Modified by MBK:  now have three different timescales (bar lengths)
// to combine for final WPR indicator, with further long-term trend indicator.
//
// try on H1 chart with these parameters. 
//

extern int RISK=3;
//extern int CountBars=2000;
extern int NumberofAlerts=0;
extern int WPRLength1=9,WPRLength2=33, WPRLength3=77;
extern int LToffset = -5; 
extern double w1=1.0, w2=3.0, w3 = 1.0; // relative weights
int counter=0;
//---- buffers
double val1[];
double val2[];

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
   string short_name;
//---- indicator line
   IndicatorBuffers(2);
   SetIndexStyle(0,DRAW_ARROW);
   SetIndexArrow(0,233);
   SetIndexStyle(1,DRAW_ARROW);
   SetIndexArrow(1,234);
   SetIndexBuffer(0,val1);
   SetIndexBuffer(1,val2);
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| SilverTrend_Signal                                               |
//+------------------------------------------------------------------+
int start() {   
   //if (CountBars>=Bars) CountBars=Bars;
   //SetIndexDrawBegin(0,Bars-CountBars+SSP);
   //SetIndexDrawBegin(1,Bars-CountBars+SSP);
   int i1,i2,K; 
   double Range,AvgRange,smin,smax,SsMax,SsMin,price;
   double wprvalue; 
   static bool uptrend,old;
   bool flag1, flag2; 
   int i,shift,counted_bars=IndicatorCounted();
///----
   
   //if(Bars<=SSP+1) return(0);
//---- initial zero
  //if(counted_bars<SSP+1)
 // {
//      for(i=1;i<=SSP;i++) val2[CountBars-i]=0.0;
//  }
////----

   K=33-RISK; 
  // wprlength = 3+RISK*2; 
   uptrend=false;
   old = false; 
   double sumweights = w1+w2+w3;
   
   w1 /= sumweights;
   w2 /= sumweights;
   w3 /= sumweights; 
   
   int SSP = 10; 
   for (shift = Bars-SSP; shift>=0; shift--) { 

	  Range=0;
	  AvgRange=0;
	  for (i1=shift; i1<=shift+SSP; i1++)
		 {AvgRange=AvgRange+MathAbs(High[i1]-Low[i1]);
		 }
	  Range=AvgRange/(SSP+1);

 
   double wprval1 = (100-MathAbs(iWPR(Symbol(),Period(),WPRLength1,shift)));
   double wprval2 = (100-MathAbs(iWPR(Symbol(),Period(),WPRLength2,shift)));
   double wprval3 = (100-MathAbs(iWPR(Symbol(),Period(),WPRLength3,shift)));
   
   wprvalue = w1*wprval1 + w2*wprval2 + w3*wprval3; 
   
  //  MathPow(wprval1*wprval2*wprval3,1.0/3.0); 

   double wprlong = wprval3; 
  	if ((wprvalue < 33-RISK) && (wprlong < 50-LToffset)) {
		uptrend = false;
   }
   
	if ((wprvalue > 67+RISK) && (wprlong >= 50+LToffset)) {
		uptrend = true;
	}
	
   if (uptrend!=old && uptrend==true) {
      val1[shift]=Low[shift]-Range*0.8; // lower range
      counter=0;
      if (shift==0 && counter<=NumberofAlerts) {
         // Alert("MBKAsctrend ",Period()," ",Symbol()," BUY");
         counter=counter+1;
      }
   }
   
   if (uptrend!=old && uptrend==false) {
      counter=0;
      val2[shift]=High[shift]+Range*0.8;
      if (shift==0 && counter<=NumberofAlerts) {
        // Alert("Silver Trend ",Period()," ",Symbol()," SELL");
         counter=counter+1;
         }
   }
   Comment(shift);
   old=uptrend;

   }
   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:

Larry William percent range indicator


Custom Indicators Used:

Order Management characteristics:

Other Features: