/*
*********************************************************************
Bollinger Squeeze v8
(StochHistogram_with_Alert)
Original code by Nick Bilak
Modifications by Akuma99 and Sadly
Copyright © 2006-07 Akuma99
http://www.beginnertrader.com
For help on this indicator, tutorials and information
visit http://www.beginnertrader.com
*********************************************************************
*/
#property copyright "Copyright © 2006-07, Akuma99"
#property copyright "Alert function added by Sadly"
#property link "http://www.beginnertrader.com "
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 Green //uptrend
#property indicator_width1 2
#property indicator_color2 IndianRed //downtrend
#property indicator_width2 2
#property indicator_color3 DarkGreen // First Stochastic line
#property indicator_width3 2
extern string note1 = "First Stochastic";
extern int StochPeriod1=14;
extern int DPeriod1=3;
extern int SlowingPeriod1=3;
extern bool Alert_On = 1;
double upB[];
double loB[];
double Stoch1[];
int Alerted = 1;
//+------------------------------------------------------------------+
int init() {
IndicatorBuffers(3);
SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID,indicator_width1,indicator_color1);
SetIndexBuffer(0,upB);
SetIndexEmptyValue(0,EMPTY_VALUE);
SetIndexStyle(1,DRAW_HISTOGRAM,STYLE_SOLID,indicator_width2,indicator_color2); //downtrend
SetIndexBuffer(1,loB);
SetIndexEmptyValue(1,EMPTY_VALUE);
SetIndexStyle(2,DRAW_LINE);
SetIndexBuffer(2,Stoch1);
return(0);
}
//+------------------------------------------------------------------+
int deinit() {
}
//+------------------------------------------------------------------+
int start() {
int counted_bars=IndicatorCounted();
int shift,limit;
IndicatorShortName("Stoch Histogram ("+StochPeriod1+","+DPeriod1+","+SlowingPeriod1+")");
if (counted_bars<0) return(-1);
if (counted_bars>0) counted_bars--;
limit=Bars-31;
if(counted_bars>=31) limit=Bars-counted_bars-1;
for (shift=limit;shift>=0;shift--) {
Stoch1[shift]=iStochastic(NULL,0,StochPeriod1,DPeriod1,SlowingPeriod1,MODE_SMA,0,MODE_MAIN,shift)-50;
if(Stoch1[shift]>0) {
upB[shift]=Stoch1[shift];
if(Alert_On && Alerted == -1){
Alert("StochHist crossed above zero at ", Close[shift]);
Alerted = 1;
}
} else if (Stoch1[shift]<0){
loB[shift]=Stoch1[shift];
if(Alert_On && Alerted == 1){
Alert("StochHist crossed below zero at ", Close[shift]);
Alerted = -1;
}
}
}
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains close prices for each bar
Indicator Curves created:
Implements a curve of type DRAW_HISTOGRAM
Implements a curve of type DRAW_LINE
Indicators Used:
Stochastic oscillator
Custom Indicators Used:
Order Management characteristics:
Other Features:
It issuies visual alerts to the screen