//+------------------------------------------------------------------+
//| StochColorBars.mq4 |
//| Copyright © 2004-35, banzai |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2004-35, banzai"
#property link "http://www.forex-tsd.com/indicators-metatrader-4/4108-stochastic-color-bar.html"
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_minimum 0
#property indicator_maximum 1
#property indicator_color1 Lime //Uptrend
#property indicator_color2 Red //Downtrend
#property indicator_color3 DarkGreen //Overbought
#property indicator_color4 Maroon //Oversold
//extern string note1 = "Chart Time Frame";
//extern string note2 = "0=current time frame";
//extern string note3 = "1=M1, 5=M5, 15=M15, 30=M30";
//extern string note4 = "60=H1, 240=H4, 1440=D1";
//extern string note5 = "10080=W1, 43200=MN1";
int TimeFrame = 0; // {1=M1, 5=M5, 15=M15, ..., 1440=D1, 10080=W1, 43200=MN1}
extern string note6 = "Stochastic settings";
extern int KPeriod = 14;
extern int DPeriod = 3;
extern int Slowing = 3;
extern string note7 = "0=sma, 1=ema, 2=smma, 3=lwma";
extern int MAMethod = 0;
extern string note8 = "0=high/low, 1=close/close";
extern int PriceField = 1;
extern string note9 = "overbought level";
extern int overBought = 80;
extern string note10 = "oversold level";
extern int overSold = 20;
double Uptrend[];
double Downtrend[];
double Upper[];
double Lower[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID,4,indicator_color1);
SetIndexBuffer(0,Uptrend);
SetIndexLabel(0,"Uptrend");
SetIndexStyle(1,DRAW_HISTOGRAM,STYLE_SOLID,4,indicator_color2);
SetIndexBuffer(1,Downtrend);
SetIndexLabel(1,"Downtrend");
SetIndexStyle(2,DRAW_HISTOGRAM,STYLE_SOLID,4,indicator_color3);
SetIndexBuffer(2,Upper);
SetIndexLabel(2,"Upper");
SetIndexStyle(3,DRAW_HISTOGRAM,STYLE_SOLID,4,indicator_color4);
SetIndexBuffer(3,Lower);
SetIndexLabel(3,"Lower");
IndicatorShortName("StochBars ("+KPeriod+","+DPeriod+","+Slowing+")");
return(0);
}
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted(), limit, banzai;
double percentK, percentD;
if(counted_bars<0) return(-1);
limit=Bars-counted_bars;
for(banzai=limit; banzai>=0; banzai--)
{
percentK = iStochastic(NULL,TimeFrame,KPeriod,DPeriod,Slowing,MAMethod,PriceField,MODE_MAIN,banzai);
percentD = iStochastic(NULL,TimeFrame,KPeriod,DPeriod,Slowing,MAMethod,PriceField,MODE_SIGNAL,banzai);
if (percentK >= percentD) { Uptrend[banzai] = 1;}
if (percentK <= percentD) { Downtrend[banzai] = 1;}
if (percentK >= overBought) { Upper[banzai] = 1;}
if (percentK <= overSold) { Lower[banzai] = 1;}
}
return(0);
}
Sample
Analysis
Market Information Used:
Indicator Curves created:
Implements a curve of type DRAW_HISTOGRAM
Indicators Used:
Stochastic oscillator
Custom Indicators Used:
Order Management characteristics:
Other Features: