//+------------------------------------------------------------------+
//| Trend_CF.mq4 |
//| CF = Continuation Factor |
//| Converted by and Copyright: Ronald Verwer/ROVERCOM |
//| 27/04/06 |
//+------------------------------------------------------------------+
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 Green
#property indicator_color2 Orange
#property indicator_width1 2
#property indicator_width2 2
extern int T3_Period = 16;
extern double T3_Continuation_Factor = 0.618;
double t1[];
double t2[];
double x_p[];
double x_n[];
double y_p[];
double y_n[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators setting
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS)+2);
IndicatorShortName("T3 TrendCF "+T3_Period);
IndicatorBuffers(6);
SetIndexBuffer(0,t1);
SetIndexBuffer(1,t2);
SetIndexBuffer(2,x_p);
SetIndexBuffer(3,x_n);
SetIndexBuffer(4,y_p);
SetIndexBuffer(5,y_n);
SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,2);
SetIndexStyle(1,DRAW_LINE,STYLE_SOLID,2);
SetIndexLabel(0,"Trend_CF1 ("+T3_Period+")");
SetIndexLabel(1,"Trend CF2 ("+T3_Period+")");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int i,q,limit;
double chp,chn,cffp,cffn;
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;
//---- indicator calculation
for(i=limit; i>=0; i--)
{
if (Close[i]>Close[i+1])
{
x_p[i]=Close[i]-Close[i+1];
y_p[i]=x_p[i]+y_p[i+1];
x_n[i]=0;
y_n[i]=0;
}
else
{
x_n[i]=Close[i+1]-Close[i];
y_n[i]=x_n[i]+y_n[i+1];
x_p[i]=0;
y_p[i]=0;
}
chp=0;chn=0;cffp=0;cffn=0;
for(q=i+T3_Period;q>=i;q--)
{
chp=x_p[q]+chp;
chn=x_n[q]+chn;
cffp=y_p[q]+cffp;
cffn=y_n[q]+cffn;
}
t1[i]=chp-cffn;
t2[i]=chn-cffp;
}
//----
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_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: