//+------------------------------------------------------------------+
//| V-T&B.mq4 |
//| Copyright © 2005, Don Lawson (don_forex) |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, Don Lawson (don_forex)"
#property link "d_n_d_enterprises@sbcglobal.net"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Green
#property indicator_color2 Red
double VTop[];
double VBottom[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0, DRAW_ARROW, EMPTY);
SetIndexArrow(0, 233);
SetIndexBuffer(0, VTop);
SetIndexStyle(1, DRAW_ARROW, EMPTY);
SetIndexArrow(1, 234);
SetIndexBuffer(1, VBottom);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start() {
int limit, i, counter;
double Range, AvgRange;
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;
for(i = 0; i <= limit; i++) {
counter=i;
Range=0;
AvgRange=0;
for (counter=i ;counter<=i+9;counter++)
{
AvgRange=AvgRange+MathAbs(High[counter]-Low[counter]);
}
Range=AvgRange/10;
bool HiClose = false,
HiOpen = false,
HiWick = false,
LoWick = false;
if (Open[0]<Close[0])
HiClose = true;
else
HiOpen = true;
if (HiClose){
if ((High[0]-Close[0])>(Close[0]-Open[0]) && (High[0]-Close[0])>(Open[0]-Low[0]))
HiWick = true;
}
if (HiOpen){
if ((High[0]-Open[0])>(Open[0]-Close[0]) && (High[0]-Open[0])>(Close[0]-Low[0]))
HiWick = true;
}
if (HiClose){
if ((Open[0]-Low[0])>(Close[0]-Open[0]) && (Open[0]-Low[0])>(High[0]-Close[0]))
LoWick = true;
}
if (HiOpen){
if ((Close[0]-Low[0])>(Open[0]-Close[0]) && (Close[0]-Low[0])>(High[0]-Open[0]))
LoWick = true;
}
if (HiWick) {
VTop[i] = Low[i] - Range*0.5;
}
else if (LoWick) {
VBottom[i] = High[i] + Range*0.5;
}
}
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
Series array that contains open prices of each bar
Indicator Curves created:
Implements a curve of type DRAW_ARROW
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: