//+------------------------------------------------------------------+ //| NRTR Line.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_LINE); SetIndexStyle(1,DRAW_LINE); SetIndexEmptyValue(0,0); SetIndexEmptyValue(1,0); if( !SetIndexBuffer(0,e1) || !SetIndexBuffer(1,e2) ) Print("cannot set indicator buffers!"); //---- name for DataWindow and indicator subwindow label IndicatorShortName("NRTR_Line("+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_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: