//+------------------------------------------------------------------+
//| PerkyAsctrend1.mq4 |
//| Copyright © 2005, MetaQuotes Software Corp. |
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net"
//----
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Aqua
#property indicator_color2 Magenta
//----
extern int RISK = 4;
extern int AllBars = 250;
//----
double val1buffer[];
double val2buffer[];
int up = 0, dn = 0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0, DRAW_ARROW, EMPTY);
SetIndexArrow(0, 108);
SetIndexBuffer(0, val1buffer);
//----
SetIndexStyle(1, DRAW_ARROW, EMPTY);
SetIndexArrow(1, 108);
SetIndexBuffer(1, val2buffer);
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
double value2;
double value3;
double value10 = 10;
double value11;
double x1 = 70;
double x2 = 30;
int TrueCount;
int counter;
int MRO1;
int MRO2;
int i1;
double Range;
double AvgRange;
double val1;
double val2;
double Table_value2[500][2];
int counted_bars = IndicatorCounted();
value10 = 3 + RISK*2;
x1 = 67 + RISK;
x2 = 33 - RISK;
value11 = value10;
//----
if(counted_bars < 0)
return (-1);
//----
if(counted_bars > 0)
counted_bars--; //last bar recounted
int i;
int shift = Bars - counted_bars - 1;
if(shift > AllBars)
shift = AllBars;
for(i = shift; i > 0; i--)
{
counter = i;
Range = 0;
AvgRange = 0;
//----
for(counter = i; counter <= i + 9; counter++)
AvgRange = AvgRange + MathAbs(High[counter] - Low[counter]);
Range = AvgRange / 10;
counter = i;
TrueCount = 0;
//----
while(counter < i + 9 && TrueCount < 1)
{
if(MathAbs(Open[counter] - Close[counter+1]) >= Range*2.0)
TrueCount++;
counter++;
}
//----
if(TrueCount >= 1)
MRO1 = counter ;
else
MRO1 = -1;
counter = i;
TrueCount = 0;
//----
while(counter < i + 6 && TrueCount < 1)
{
if(MathAbs(Close[counter+3] - Close[counter]) >= Range*4.6)
{
TrueCount++;
}
counter++;
}
//----
if(TrueCount >= 1)
MRO2 = counter;
else
MRO2 = -1;
//----
if(MRO1 > -1)
value11 = 3;
else
value11 = value10;
//----
if(MRO2 > -1)
value11 = 4;
else
value11 = value10;
value2 = 100 - MathAbs(iWPR(NULL, 0, value11, i));
Table_value2[i][0] = i;
Table_value2[i][1] = value2;
val1 = 0;
val2 = 0;
value3 = 0;
//----
if(value2 < x2 ) // x2 = 30
{
i1 = 1;
//----
while(Table_value2[i+i1][1] >= x2 && Table_value2[i+i1][1] <= x1)
i1++;
//----
if(Table_value2[i+i1][1] > x1)
{
value3 = High[i] + Range*0.5;
val1 = value3;
}
}
//----
if(value2>x1) // x1 = 70
{
i1 = 1;
//----
while(Table_value2[i+i1][1] >= x2 && Table_value2[i+i1][1] <= x1)
{
i1++;
}
//----
if(Table_value2[i+i1][1] < x2)
{
value3 = Low[i]-Range*0.5;
val2 = value3;
}
}
//----
if(val2 != 0 && up == 0)
{
val1buffer[i] = val2 - 1*Point;
up = 1;
dn = 0;
//----
if(shift <= 2)
Alert(Symbol(), " ", Period(), "M Asctrend BUY ");
}
//----
if(val1 !=0 && dn == 0)
{
val2buffer[i] = val1 + 1*Point;
dn = 1;
up = 0;
//----
if(shift <= 2)
Alert(Symbol(), " ", Period(), "M Asctrend SELL ");
}
}
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
Series array that contains open 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:
It issuies visual alerts to the screen