//+------------------------------------------------------------------+ #property copyright "Copyright © 2008, Jason Robinson." #property link "http://www.spreadtrade2win.com" #property indicator_chart_window #property indicator_color1 Lime #property indicator_color2 Red #property indicator_width1 2 #property indicator_width2 2 #property indicator_buffers 2 double TrendUp[], TrendDown[]; int changeOfTrend; extern int Nbr_Periods = 10; extern double Multiplier = 3.0; //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int init() { //---- indicators SetIndexBuffer(0, TrendUp); SetIndexStyle(0, DRAW_LINE, STYLE_SOLID, 2); SetIndexLabel(0, "Trend Up"); SetIndexBuffer(1, TrendDown); SetIndexStyle(1, DRAW_LINE, STYLE_SOLID, 2); SetIndexLabel(1, "Trend Down"); //---- return(0); } //+------------------------------------------------------------------+ //| Custom indicator deinitialization function | //+------------------------------------------------------------------+ int deinit() { //---- //---- return(0); } //+------------------------------------------------------------------+ //| Custom indicator iteration function | //+------------------------------------------------------------------+ int start() { int limit, i, flag, flagh, trend[5000]; double up[5000], dn[5000], medianPrice, atr; int counted_bars = IndicatorCounted(); //---- check for possible errors if(counted_bars < 0) return(-1); //---- last counted bar will be recounted if(counted_bars > 0) counted_bars--; limit=Bars-counted_bars; //Print(limit); //---- for (i = Bars; i >= 0; i--) { TrendUp[i] = EMPTY_VALUE; TrendDown[i] = EMPTY_VALUE; atr = iATR(NULL, 0, Nbr_Periods, i); //Print("atr: "+atr[i]); medianPrice = (High[i]+Low[i])/2; //Print("medianPrice: "+medianPrice[i]); up[i]=medianPrice+(Multiplier*atr); //Print("up: "+up[i]); dn[i]=medianPrice-(Multiplier*atr); //Print("dn: "+dn[i]); trend[i]=1; if (Close[i]>up[i+1]) { trend[i]=1; if (trend[i+1] == -1) changeOfTrend = 1; //Print("trend: "+trend[i]); } else if (Close[i]<dn[i+1]) { trend[i]=-1; if (trend[i+1] == 1) changeOfTrend = 1; //Print("trend: "+trend[i]); } else if (trend[i+1]==1) { trend[i]=1; changeOfTrend = 0; } else if (trend[i+1]==-1) { trend[i]=-1; changeOfTrend = 0; } if (trend[i]<0 && trend[i+1]>0) { flag=1; //Print("flag: "+flag); } else { flag=0; //Print("flagh: "+flag); } if (trend[i]>0 && trend[i+1]<0) { flagh=1; //Print("flagh: "+flagh); } else { flagh=0; //Print("flagh: "+flagh); } if (trend[i]>0 && dn[i]<dn[i+1]) dn[i]=dn[i+1]; if (trend[i]<0 && up[i]>up[i+1]) up[i]=up[i+1]; if (flag==1) up[i]=medianPrice+(Multiplier*atr); if (flagh==1) dn[i]=medianPrice-(Multiplier*atr); //-- Draw the indicator if (trend[i]==1) { TrendUp[i]=dn[i]; if (changeOfTrend == 1) { TrendUp[i+1] = TrendDown[i+1]; changeOfTrend = 0; } } else if (trend[i]==-1) { TrendDown[i]=up[i]; if (changeOfTrend == 1) { TrendDown[i+1] = TrendUp[i+1]; changeOfTrend = 0; } } } WindowRedraw(); //---- 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
Series array that contains close prices for each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Indicator of the average true range
Custom Indicators Used:
Order Management characteristics:
Other Features: