//+------------------------------------------------------------------+
//| _MAX_Stops_v1.1.mq4 |
//| Copyright © 2009 |
//| Written by Massimo Gentili |
//| whitehawk71@hotmail.com |
//| Freely inspired from ATR Stops by Agorad |
//+------------------------------------------------------------------+
#property copyright "Copyright Massimo Gentili © 2009 "
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Blue // Support indication -> UP direction
#property indicator_color2 Yellow // Resist. indication -> DW direction
//---- input parameters
int LastBarTime;
int BarCount;
int LastDir;
int Delta=3;
extern double OverBoost = 0.0;
extern double Kv=0.25;
extern double Kz=0.15;
double Buffer.Up[];
double Buffer.Dw[];
double smin[];
double smax[];
double trend[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
// Var init
LastDir = 0; // Last direction trend 1
BarCount = 0;
string short_name;
//---- indicator line
SetIndexStyle(0,DRAW_ARROW, EMPTY, 2);
SetIndexArrow(0,159);
SetIndexStyle(1,DRAW_ARROW, EMPTY, 2);
SetIndexArrow(1,159);
IndicatorBuffers(5);
SetIndexBuffer(0,Buffer.Up);
SetIndexBuffer(1,Buffer.Dw);
SetIndexBuffer(2,smin);
SetIndexBuffer(3,smax);
SetIndexBuffer(4,trend);
//---- name for DataWindow and indicator subwindow label
short_name="Max_Stops("+Delta+")";
IndicatorShortName(short_name);
SetIndexLabel(0,"Support");
SetIndexLabel(1,"Resistance");
//----
SetIndexDrawBegin(0,Delta);
SetIndexDrawBegin(1,Delta);
//----
return(0);
}
//+------------------------------------------------------------------+
//| _Max_Stops_v1.1 |
//+------------------------------------------------------------------+
int start()
{
if ( LastBarTime != Time[0] )
{
LastBarTime = Time[0];
BarCount += 1;
} // else return(0);
int shift,limit, counted_bars=IndicatorCounted();
if ( counted_bars > 0 ) limit=Bars-counted_bars;
if ( counted_bars < 0 ) return(0);
if ( counted_bars ==0 ) limit=Bars-Delta-1;
for(shift=limit;shift>=0;shift--)
{
// initialize vectors
smin[shift] = -999999; smax[shift] = 999999;
// for each element shift I scan for Delta prev number of elements and
for (int i = Delta-1;i>=0;i--)
{
double body = MathAbs(High[shift]-Low[shift])*Kz;
smin[shift] = MathMax( smin[shift], Low[shift+i]-Kv/100+body);
smax[shift] = MathMin( smax[shift], High[shift+i]+Kv/100-body);
}
// I assume trend equal prev trend direction but ...
trend[shift]=trend[shift+1];
if ( Close[shift] > smax[shift+1] ) trend[shift] = 1;
if ( Close[shift] < smin[shift+1] ) trend[shift] = -1;
if ( trend[shift] >0 )
{
if( smin[shift]<smin[shift+1] ) smin[shift]=smin[shift+1];
smin[shift] = smin[shift] + OverBoost / 1000;
Buffer.Up[shift]=smin[shift];
Buffer.Dw[shift] = EMPTY_VALUE;
if (LastDir != 1)
{
LastDir = 1;
BarCount = 1;
}
}
if ( trend[shift] <0 )
{
if( smax[shift]>smax[shift+1] ) smax[shift]=smax[shift+1];
smax[shift] = smax[shift] - OverBoost / 1000;
Buffer.Up[shift]=EMPTY_VALUE;
Buffer.Dw[shift] = smax[shift];
if (LastDir != 2)
{
LastDir = 2;
BarCount = 1;
}
}
}
return(0);
}
Sample
Analysis
Market Information Used:
Series array that contains open time of each bar
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: