MTF_AbsoluteStrength_v1.1





//+------------------------------------------------------------------+
//|                                    MTF_AbsoluteStrength_v1.1.mq4 |
//|                           Copyright © 2006, TrendLaboratory Ltd. |
//|            http://finance.groups.yahoo.com/group/TrendLaboratory |
//|                                       E-mail: igorad2004@list.ru |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, TrendLaboratory Ltd."
#property link      "http://finance.groups.yahoo.com/group/TrendLaboratory"

#property indicator_separate_window
#property indicator_buffers   4
#property indicator_color1    LightBlue
#property indicator_width1    2 
#property indicator_color2    Tomato
#property indicator_width2    2
#property indicator_color3    Aqua
#property indicator_width3    1
#property indicator_style3    3 
#property indicator_color4    Orange
#property indicator_width4    1 
#property indicator_style4    3
//---- input parameters
extern int       TimeFrame  =  0;
extern int       Mode       =  0; // 0-RSI method; 1-Stoch method; 2-ADX method
extern int       Length     = 10; // Period of evaluation
extern int       Smooth     =  5; // Period of smoothing
extern int       Signal     =  5; // Period of Signal Line
extern int       Price      =  0; // Price mode : 0-Close,1-Open,2-High,3-Low,4-Median,5-Typical,6-Weighted
extern int       ModeMA     =  3; // Mode of Moving Average
extern double    OverBought =  0; // OverBought Level
extern double    OverSold   =  0; // OverSold Level 
  
//---- buffers
double Bulls[];
double Bears[];
double AvgBulls[];
double AvgBears[];
double SmthBulls[];
double SmthBears[];
double SigBulls[];
double SigBears[];

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- indicators
   IndicatorBuffers(8);
   SetIndexStyle(0,DRAW_LINE);
   SetIndexBuffer(0,SmthBulls);
   SetIndexStyle(1,DRAW_LINE);
   SetIndexBuffer(1,SmthBears);
   SetIndexStyle(2,DRAW_LINE);
   SetIndexBuffer(2,SigBulls);
   SetIndexStyle(3,DRAW_LINE);
   SetIndexBuffer(3,SigBears);
   SetIndexBuffer(4,Bulls);
   SetIndexBuffer(5,Bears);
   SetIndexBuffer(6,AvgBulls);
   SetIndexBuffer(7,AvgBears);
//---- name for DataWindow and indicator subwindow label
   switch(TimeFrame)
   {
      case 1      : string TimeFrameStr="Period_M1"; break;
      case 5      : TimeFrameStr="Period_M5"; break;
      case 15     : TimeFrameStr="Period_M15"; break;
      case 30     : TimeFrameStr="Period_M30"; break;
      case 60     : TimeFrameStr="Period_H1"; break;
      case 240    : TimeFrameStr="Period_H4"; break;
      case 1440   : TimeFrameStr="Period_D1"; break;
      case 10080  : TimeFrameStr="Period_W1"; break;
      case 43200  : TimeFrameStr="Period_MN1"; break;
      default     : TimeFrameStr="Current Timeframe";
   }
     
   string short_name="MTF AbsoluteStrength("+TimeFrameStr+","+Mode+","+Length+","+Smooth+","+Signal+",,"+ModeMA+")";
   IndicatorShortName(short_name);
   SetIndexLabel(0,"Bulls");
   SetIndexLabel(1,"Bears");
   SetIndexLabel(2,"SignalBulls");
   SetIndexLabel(3,"SignalBears");      
//----
   SetIndexDrawBegin(0,Length+Smooth+Signal);
   SetIndexDrawBegin(1,Length+Smooth+Signal);
   SetIndexDrawBegin(2,Length+Smooth+Signal);
   SetIndexDrawBegin(3,Length+Smooth+Signal);
   
   return(0);
  }

//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
{
   datetime TimeArray[];
   int      i,limit,y=0,counted_bars=IndicatorCounted();
 
// Plot defined time frame on to current time frame
   ArrayCopySeries(TimeArray,MODE_TIME,Symbol(),TimeFrame); 
   
   limit=Bars-counted_bars+TimeFrame/Period();
   for(i=0,y=0;i<limit;i++)
   {
   if (Time[i]<TimeArray[y]) y++;
   SmthBulls[i] = 
   iCustom(NULL,TimeFrame,"AbsoluteStrength_v1.1",Mode,Length,Smooth,Signal,Price,ModeMA,OverBought,OverSold,0,y); 
   SmthBears[i] = 
   iCustom(NULL,TimeFrame,"AbsoluteStrength_v1.1",Mode,Length,Smooth,Signal,Price,ModeMA,OverBought,OverSold,1,y); 
   SigBulls[i] = 
   iCustom(NULL,TimeFrame,"AbsoluteStrength_v1.1",Mode,Length,Smooth,Signal,Price,ModeMA,OverBought,OverSold,2,y); 
   SigBears[i] = 
   iCustom(NULL,TimeFrame,"AbsoluteStrength_v1.1",Mode,Length,Smooth,Signal,Price,ModeMA,OverBought,OverSold,3,y); 
   }



//----
   
   return(0);
  }
//+------------------------------------------------------------------+



Sample





Analysis



Market Information Used:

Series array that contains open time of each bar


Indicator Curves created:

Implements a curve of type DRAW_LINE


Indicators Used:




Custom Indicators Used:
AbsoluteStrength_v1.1

Order Management characteristics:

Other Features: