//+------------------------------------------------------------------+
//| NRTR Dots.mq4 |
//| Copyright © 2006, Nick Bilak |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Nick Bilak"
//---- indicator settings
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Aqua
#property indicator_color2 Magenta
//---- indicator parameters
extern int AveragePeriod=21;
//---- indicator buffers
double e1[];
double e2[];
int i,bar,trend=1;
double value,price,dK,AvgRange;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- drawing settings
SetIndexStyle(0,DRAW_ARROW);
SetIndexArrow(0,159);
SetIndexStyle(1,DRAW_ARROW);
SetIndexArrow(1,159);
SetIndexEmptyValue(0,0);
SetIndexEmptyValue(1,0);
SetIndexBuffer(0,e1);
SetIndexBuffer(1,e2);
//---- name for DataWindow and indicator subwindow label
IndicatorShortName("NRTR_Dots("+AveragePeriod+")");
//---- initialization done
return(0);
}
int start() {
int counted_bars=IndicatorCounted();
if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars--;
int limit=Bars-20-counted_bars;
double spread=Ask-Bid;
double ap;
ap=AveragePeriod;
for(bar=limit; bar>=0; bar--) {
e1[bar]=0; e2[bar]=0;
AvgRange=0;
for (i=bar; i<bar+AveragePeriod; i++) {
AvgRange=AvgRange+MathAbs(spread+High[bar]-Low[bar]);
}
dK = AvgRange/ap;
if (Close[bar]>10) dK=dK/100.0;
if (trend == 1) {
if (Close[bar] > price) price = Close[bar];
value = price - dK;
if (Close[bar] < value) {
price = Close[bar];
value = price + dK;
trend = -1;
}
}
if (trend == -1) {
if (Close[bar] < price) price = Close[bar];
value = price + dK;
if (Close[bar] > value) {
price = Close[bar];
value = price - dK;
trend = 1;
}
}
if (trend == -1) e1[bar]=value; //SetIndexValue(bar, value);
if (trend == 1) e2[bar]=value; //SetIndexValue2(bar, value);
}
}
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: