16191-system





//+------------------------------------------------------------------+
//|                                       PriceChannel_Stop_v1.2.mq4 |
//|                                  Copyright © 2006, Forex-TSD.com |
//|                         Written by IgorAD,igorad2003@yahoo.co.uk |   
//|            http://finance.groups.yahoo.com/group/TrendLaboratory |                                      
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Forex-TSD.com "
#property link      "http://www.forex-tsd.com/"

#property indicator_chart_window
#property indicator_buffers 6
#property indicator_color1 Blue
#property indicator_color2 Red
#property indicator_color3 Blue
#property indicator_color4 Red
#property indicator_color5 Blue
#property indicator_color6 Red
//---- input parameters
extern int ChannelPeriod=6.5;
extern double Risk=0.30;
extern int Signal=1;
extern int Line=1;
extern int SoundAlertMode=0;
extern int SMSAlertMode=0;
extern int AlertTimes=1;
extern int Nbars=1000;
//---- indicator buffers
double UpTrendBuffer[];
double DownTrendBuffer[];
double UpTrendSignal[];
double DownTrendSignal[];
double UpTrendLine[];
double DownTrendLine[];
double trend[];
bool UpTrendAlert=false, DownTrendAlert=false;
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
   string short_name;
//---- indicator line
   IndicatorBuffers(7);
   SetIndexBuffer(0,UpTrendBuffer);
   SetIndexBuffer(1,DownTrendBuffer);
   SetIndexBuffer(2,UpTrendSignal);
   SetIndexBuffer(3,DownTrendSignal);
   SetIndexBuffer(4,UpTrendLine);
   SetIndexBuffer(5,DownTrendLine);
   SetIndexBuffer(6,trend);
   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);
//---- name for DataWindow and indicator subwindow label
   short_name="PriceChannel_Stop_v1("+ChannelPeriod+")";
   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,ChannelPeriod);
   SetIndexDrawBegin(1,ChannelPeriod);
   SetIndexDrawBegin(2,ChannelPeriod);
   SetIndexDrawBegin(3,ChannelPeriod);
   SetIndexDrawBegin(4,ChannelPeriod);
   SetIndexDrawBegin(5,ChannelPeriod);
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| PriceChannel_Stop_v1                                             |
//+------------------------------------------------------------------+
int start()
  {
   int    i,shift;
   double high, low, price;
   double smax[30000],smin[30000],bsmax[30000],bsmin[30000];
   string Message;
   
   for (shift=Nbars-1;shift>=0;shift--)
   {
   UpTrendBuffer[shift]=EMPTY_VALUE;
   DownTrendBuffer[shift]=EMPTY_VALUE;
   UpTrendSignal[shift]=-1;
   DownTrendSignal[shift]=-1;
   UpTrendLine[shift]=EMPTY_VALUE;
   DownTrendLine[shift]=EMPTY_VALUE;
   trend[shift]=0;
   }
   for (shift=Nbars-ChannelPeriod-1;shift>=0;shift--)
   {	
      high=High[shift]; low=Low[shift]; i=shift-1+ChannelPeriod;
      while(i>=shift)
        {
         price=High[i];
         if(high<price) high=price;
         price=Low[i];
         if(low>price)  low=price;
         i--;
        } 
     smax[shift]=high;
     smin[shift]=low;
     
     bsmax[shift]=smax[shift]-(smax[shift]-smin[shift])*Risk;
	  bsmin[shift]=smin[shift]+(smax[shift]-smin[shift])*Risk;
     
     trend[shift]=trend[shift+1];
     if (Close[shift]>bsmax[shift+1])  {trend[shift]= 1; } 
	  if (Close[shift]<bsmin[shift+1])  {trend[shift]=-1; }
		  		
	  if(trend[shift]>0 && bsmin[shift]<bsmin[shift+1]) bsmin[shift]=bsmin[shift+1];
	  if(trend[shift]<0 && bsmax[shift]>bsmax[shift+1]) bsmax[shift]=bsmax[shift+1];
	  
	  if (trend[shift]>0) 
	  {
	     
	     if (Signal>0 && UpTrendBuffer[shift+1]==-1.0)
	     {
	     UpTrendSignal[shift]=bsmin[shift];
	     if(Line>0) UpTrendLine[shift]=bsmin[shift];
	     if (SoundAlertMode>0 && shift==0) PlaySound("alert2.wav");
	     }
	     else
	     {
	     UpTrendBuffer[shift]=bsmin[shift];
	     if(Line>0) UpTrendLine[shift]=bsmin[shift];
	     UpTrendSignal[shift]=-1;
	     }
	  
	  if (Signal==2) UpTrendBuffer[shift]=0;   
	  DownTrendBuffer[shift]=-1.0;
	  DownTrendLine[shift]=EMPTY_VALUE;
	  }
	  
	  
	  if (trend[shift]<0) 
	  {
	  
	  if (Signal>0 && DownTrendBuffer[shift+1]==-1.0)
	     {
	     DownTrendSignal[shift]=bsmax[shift];
	     if(Line>0) DownTrendLine[shift]=bsmax[shift];
	     if (SoundAlertMode>0 && shift==0) PlaySound("alert2.wav");
	     }
	     else
	     {
	     DownTrendBuffer[shift]=bsmax[shift];
	     if(Line>0)DownTrendLine[shift]=bsmax[shift];
	     DownTrendSignal[shift]=-1;
	     }
	  
	  if (Signal==2) DownTrendBuffer[shift]=0;    
	  UpTrendBuffer[shift]=-1.0;
	  UpTrendLine[shift]=EMPTY_VALUE;
	  }
	  
	  
	 
	  //if ( trend[0]>0 && Close[2]<=bsmax[3] && Close[1]>bsmax[2] && Volume[0]>1 && !UpTrendAlert)
	  if ( trend[2]<0 && trend[1]>0 && Volume[0]>1 && !UpTrendAlert)
	  {
	  Message = " "+Symbol()+" M"+Period()+": Signal for BUY";
	  if ( SoundAlertMode>0 ) Alert (Message); 
	  if ( SMSAlertMode>0   ) SendMail ("Signal from PriceChannel_Stop",TimeToStr(CurTime())+Message);
	  UpTrendAlert=true; DownTrendAlert=false;
	  } 
	 
	  
	  //if ( trend[0]<0 && Close[2]>=bsmin[3] && Close[1]<bsmin[2] && Volume[0]>1 && !DownTrendAlert)
	  if ( trend[2]>0 && trend[1]<0 && Volume[0]>1 && !DownTrendAlert)
	  {
	  Message = " "+Symbol()+" M"+Period()+": Signal for SELL";
	  if ( SoundAlertMode>0 ) Alert (Message); 
	  if ( SMSAlertMode>0   ) SendMail ("Signal from PriceChannel_Stop",TimeToStr(CurTime())+Message);
	  DownTrendAlert=true; UpTrendAlert=false;
	  } 
	 
   }
   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 tick volumes of each bar


Indicator Curves created:


Implements a curve of type DRAW_ARROW
Implements a curve of type DRAW_LINE

Indicators Used:



Custom Indicators Used:

Order Management characteristics:

Other Features:

It plays sound alerts