PriceActionChanel





//+------------------------------------------------------------------+
//|                                                    Envelopes.mq4 |
//|                      Copyright © 2005, MetaQuotes Software Corp. |
//|                     www.forex-tsd.com  http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link      "http://www.metaquotes.net    www.forex-tsd.com"
//---- indicator settings
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Yellow
#property indicator_color2 Goldenrod
//---- indicator parameters
extern int MA_Period=5;
extern int MA_Shift=0;
extern int MA_Method=2;
extern int Applied_Price=0;
extern double Deviation=0.0;
/*************************************************************************
---------------------------------------
PRICE_CLOSE    0 Close price. 
PRICE_OPEN     1 Open price. 
PRICE_HIGH     2 High price. 
PRICE_LOW      3 Low price. 
PRICE_MEDIAN   4 Median price, (high+low)/2. 
PRICE_TYPICAL  5 Typical price, (high+low+close)/3. 
PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4. 
You must use the numeric value of the Applied Price that you want to use
when you set the 'applied_price' value with the indicator inputs.
---------------------------------------
MODE_SMA    0 Simple moving average, 
MODE_EMA    1 Exponential moving average, 
MODE_SMMA   2 Smoothed moving average, 
MODE_LWMA   3 Linear weighted moving average. 
You must use the numeric value of the MA Method that you want to use
when you set the 'ma_method' value with the indicator inputs.

**************************************************************************/

//---- indicator buffers
double ExtMapBuffer1[];
double ExtMapBuffer2[];
//----
int ExtCountedBars=0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
   int    draw_begin;
   string short_name;
//---- drawing settings
   SetIndexStyle(0,DRAW_LINE);
   SetIndexStyle(1,DRAW_LINE);
   SetIndexShift(0,MA_Shift);
   SetIndexShift(1,MA_Shift);
   IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS));
   if(MA_Period<2) MA_Period=14;
   draw_begin=MA_Period-1;
//---- indicator short name
   IndicatorShortName("PAC("+MA_Period+")");
   SetIndexLabel(0,"Env("+MA_Period+")Upper");
   SetIndexLabel(1,"Env("+MA_Period+")Lower");
   SetIndexDrawBegin(0,draw_begin);
   SetIndexDrawBegin(1,draw_begin);
//---- indicator buffers mapping
   SetIndexBuffer(0,ExtMapBuffer1);
   SetIndexBuffer(1,ExtMapBuffer2);
   if(Deviation<0) Deviation=0;
   if(Deviation>100.0) Deviation=100.0;
//---- initialization done
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
   int limit;
   if(Bars<=MA_Period) return(0);
   ExtCountedBars=IndicatorCounted();
//---- check for possible errors
   if (ExtCountedBars<0) return(-1);
//---- last counted bar will be recounted
   if (ExtCountedBars>0) ExtCountedBars--;
   limit=Bars-ExtCountedBars;
//---- EnvelopesM counted in the buffers
   for(int i=0; i<limit; i++)
     { 
      ExtMapBuffer1[i] = (1+Deviation/100)*iMA(NULL,0,MA_Period,0,MODE_SMMA,PRICE_HIGH,i);
      ExtMapBuffer2[i] = (1-Deviation/100)*iMA(NULL,0,MA_Period,0,MODE_SMMA,PRICE_LOW,i);
     }
//---- done
   return(0);
  }
//+------------------------------------------------------------------+



Sample





Analysis



Market Information Used:



Indicator Curves created:

Implements a curve of type DRAW_LINE


Indicators Used:

Moving average indicator


Custom Indicators Used:

Order Management characteristics:

Other Features: