#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Red
#property indicator_color2 Red
extern int LookbackPeriod = 12;
extern double Multiplicator =2;
double buffer1[];
double buffer2[];
int init()
{
SetIndexBuffer(0, buffer1);
SetIndexBuffer(1, buffer2);
SetIndexStyle(0, DRAW_LINE, STYLE_DOT, 1, Red);
SetIndexStyle(1, DRAW_LINE, STYLE_DOT, 1, Red);
return(0);
}
int start()
{
int limit;
int counted_bars = IndicatorCounted();
if (counted_bars < 0) return(-1);
if (counted_bars > 0) counted_bars--;
limit = Bars - counted_bars - 1;
for(int i = limit; i >= 0; i--)
{
double h = 0;
int hc = 0;
double l = 0;
int lc = 0;
for (int j = 1; j <= LookbackPeriod; j++)
{
double dh = High[i + j] - High[i + j + 1];
if (dh > 0)
{
h += dh;
hc++;
}
double dl = Low[i + j + 1] - Low[i + j];
if (dl > 0)
{
l += dl;
lc++;
}
}
if (hc > 0) h = h / hc;
if (lc > 0) l = l / lc;
h = High[i + 1] + h * Multiplicator;
l = Low[i + 1] - l * Multiplicator;
if (buffer1[i + 1] > High[i + 1])
{
buffer1[i] = MathMin(h, buffer1[i + 1]);
}
else
{
buffer1[i] = h;
}
if (buffer2[i + 1] < Low[i + 1])
{
buffer2[i] = MathMax(l, buffer2[i + 1]);
}
else
{
buffer2[i] = l;
}
}
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
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: