//+------------------------------------------------------------------+
//| NRTR.mq4 |
//| Nick Bilak |
//+------------------------------------------------------------------+
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_color2 Red
//---- input parameters
extern int AveragePeriod=10;
extern int CountBars=300;
//---- buffers
double value1[];
double value2[];
int trend=1;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicator line
IndicatorBuffers(2);
SetIndexStyle(0,DRAW_ARROW);
SetIndexArrow(0,159);
SetIndexStyle(1,DRAW_ARROW);
SetIndexArrow(1,159);
SetIndexBuffer(0,value1);
SetIndexBuffer(1,value2);
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| NRTR |
//+------------------------------------------------------------------+
int start()
{
if (CountBars>Bars) CountBars=Bars;
SetIndexDrawBegin(0,Bars-CountBars+1);
SetIndexDrawBegin(1,Bars-CountBars+1);
int i,j,counted_bars=IndicatorCounted();
double value;
double dK,ap,AvgRange,price;
ap=AveragePeriod;
//----
if(Bars<=AveragePeriod) return(0);
i=CountBars-1;
while(i>=0) {
value1[i]=0; value2[i]=0;
AvgRange=0;
for (j=i ; j<i+AveragePeriod; j++)
AvgRange += MathAbs((Ask-Bid)+High[j]-Low[j]);
dK = AvgRange/ap;
if (Close[i]>10) dK=dK/100.0;
if (trend >= 0) {
if (Close[i] > price) {
price = Close[i];
value = price - dK;
trend=1;
}
if (Close[i] < value) {
price = Close[i];
value = price + dK;
trend = -1;
}
}
else if (trend <= 0) {
if (Close[i] < price) {
price = Close[i];
value = price + dK;
trend=-1;
}
if (Close[i] > value) {
price = Close[i];
value = price - dK;
trend = 1;
}
}
if (trend == 1) {value1[i]=value; value2[i]=0.0;}
if (trend == -1) {value2[i]=value; value1[i]=0.0;}
i--;
}
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
Series array that contains close prices for each bar
Indicator Curves created:
Implements a curve of type DRAW_ARROW
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: