//+------------------------------------------------------------------+
//| VoltyChannel_Stop_v1.mq4 |
//| Copyright © 2005, TrendLaboratory Ltd. |
//| http://finance.groups.yahoo.com/group/TrendLaboratory |
//| E-mail: igorad2004@list.ru |
//+------------------------------------------------------------------+
//mod2008txtsd
#property copyright "Copyright © 2005, TrendLaboratory Ltd."
#property link "http://finance.groups.yahoo.com/group/TrendLaboratory"
#property indicator_chart_window
#property indicator_buffers 6
#property indicator_color1 LawnGreen
#property indicator_color2 Gold
#property indicator_color3 Chartreuse
#property indicator_color4 Orange
#property indicator_color5 SpringGreen
#property indicator_color6 DarkOrange
//---- input parameters
extern int ATRLength =10; // Length,Volatility(ATR)Period
extern double Kv =1.00; // Sensivity Factor
extern double MoneyRisk =1.00; // Offset Factor
extern bool ShowSignal =true;
extern bool ShowStops =true;
extern bool ShowLine =true;
extern int Nbars =1000;
//---- indicator buffers
double UpTrendBuffer[];
double DownTrendBuffer[];
double UpTrendSignal[];
double DownTrendSignal[];
double UpTrendLine[];
double DownTrendLine[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
SetIndexBuffer(0,UpTrendBuffer);
SetIndexBuffer(1,DownTrendBuffer);
SetIndexBuffer(2,UpTrendSignal);
SetIndexBuffer(3,DownTrendSignal);
SetIndexBuffer(4,UpTrendLine);
SetIndexBuffer(5,DownTrendLine);
SetIndexStyle(0,DRAW_ARROW);
SetIndexStyle(1,DRAW_ARROW);
SetIndexStyle(2,DRAW_ARROW);
SetIndexStyle(3,DRAW_ARROW);
SetIndexStyle(4,DRAW_LINE);
SetIndexStyle(5,DRAW_LINE);
SetIndexArrow(0,159);
SetIndexArrow(1,159);
SetIndexArrow(2,108);
SetIndexArrow(3,108);
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS));
//---- name for DataWindow and indicator subwindow label
short_name="VoltyChannel Stop("+ATRLength+")";
IndicatorShortName(short_name);
SetIndexLabel(0,"UpTrend Stop");
SetIndexLabel(1,"DownTrend Stop");
SetIndexLabel(2,"UpTrend Signal");
SetIndexLabel(3,"DownTrend Signal");
SetIndexLabel(4,"UpTrend Line");
SetIndexLabel(5,"DownTrend Line");
//----
SetIndexDrawBegin(0,ATRLength);
SetIndexDrawBegin(1,ATRLength);
SetIndexDrawBegin(2,ATRLength);
SetIndexDrawBegin(3,ATRLength);
SetIndexDrawBegin(4,ATRLength);
SetIndexDrawBegin(5,ATRLength);
//----
return(0);
}
//+------------------------------------------------------------------+
//| VoltyChannel_Stop_v1 |
//+------------------------------------------------------------------+
int start()
{
int i,shift,trend;
double smax[25000],smin[25000],bsmax[25000],bsmin[25000];
for (shift=Nbars;shift>=0;shift--)
{
UpTrendBuffer[shift]=0;
DownTrendBuffer[shift]=0;
UpTrendSignal[shift]=0;
DownTrendSignal[shift]=0;
UpTrendLine[shift]=EMPTY_VALUE;
DownTrendLine[shift]=EMPTY_VALUE;
}
for (shift=Nbars-ATRLength-1;shift>=0;shift--)
{
smax[shift]=Close[shift]+Kv*iATR(NULL,0,ATRLength,shift);
smin[shift]=Close[shift]-Kv*iATR(NULL,0,ATRLength,shift);
if (Close[shift]>smax[shift+1]) trend=1;
if (Close[shift]<smin[shift+1]) trend=-1;
if(trend>0 && smin[shift]<smin[shift+1]) smin[shift]=smin[shift+1];
if(trend<0 && smax[shift]>smax[shift+1]) smax[shift]=smax[shift+1];
bsmax[shift]=smax[shift]+(MoneyRisk-1)*iATR(NULL,0,ATRLength,shift);
bsmin[shift]=smin[shift]-(MoneyRisk-1)*iATR(NULL,0,ATRLength,shift);
if(trend>0 && bsmin[shift]<bsmin[shift+1]) bsmin[shift]=bsmin[shift+1];
if(trend<0 && bsmax[shift]>bsmax[shift+1]) bsmax[shift]=bsmax[shift+1];
if (trend>0)
{
if (UpTrendBuffer[shift+1]==-1.0)
{
if(ShowSignal) UpTrendSignal[shift]=bsmin[shift];
if(ShowStops) UpTrendBuffer[shift]=bsmin[shift];
if(ShowLine) UpTrendLine[shift]= bsmin[shift];
}
else
{
if(ShowSignal) UpTrendSignal[shift]=-1;
if(ShowStops) UpTrendBuffer[shift]=bsmin[shift];
if(ShowLine) UpTrendLine[shift]= bsmin[shift];
}
DownTrendSignal[shift]=-1;
DownTrendBuffer[shift]=-1.0;
DownTrendLine[shift]=EMPTY_VALUE;
}
if (trend<0)
{
if (DownTrendBuffer[shift+1]==-1.0)
{
if(ShowSignal) DownTrendSignal[shift]=bsmax[shift];
if(ShowStops) DownTrendBuffer[shift]=bsmax[shift];
if(ShowLine) DownTrendLine[shift]= bsmax[shift];
}
else
{
if(ShowSignal) DownTrendSignal[shift]=-1;
if(ShowStops) DownTrendBuffer[shift]=bsmax[shift];
if(ShowLine) DownTrendLine[shift]= bsmax[shift];
}
UpTrendSignal[shift]=-1;
UpTrendBuffer[shift]=-1.0;
UpTrendLine[shift]=EMPTY_VALUE;
}
}
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_ARROW
Implements a curve of type DRAW_LINE
Indicators Used:
Indicator of the average true range
Custom Indicators Used:
Order Management characteristics:
Other Features: