//+------------------------------------------------------------------+
//| ECO.mq4 |
//| Copyright © 2005, MetaQuotes Software Corp. |
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Rosh"
#property link "http://www.metaquotes.net"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 White
#property indicator_color2 Red
//---- input parameters
extern int First_R=26;
extern int Second_S=5;
extern int Signal=5;
extern bool EMA_Type=true;
double R_ALFA;
double S_ALFA;
//---- buffers
double ECO_Buffer[];
double Signal_Buffer[];
double HiLo_Buffer[];
double OpenClose_Buffer[];
double EMA_HiLo_Buffer[];
double EMA_OpCl_Buffer[];
double EMA2_HiLo_Buffer[];
double EMA2_OpCl_Buffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- 6 additional buffers are used for counting.
IndicatorBuffers(8);
SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID,2);
SetIndexBuffer(0,ECO_Buffer);
if (EMA_Type) SetIndexStyle(1,DRAW_LINE,STYLE_SOLID,2,Red); else SetIndexStyle(1,DRAW_LINE,STYLE_SOLID,2,Black);
SetIndexBuffer(1,Signal_Buffer);
SetIndexLabel(0,"ECO");
SetIndexLabel(1,"Signal");
short_name="ECO("+First_R+","+Second_S+","+Signal+")";
IndicatorShortName(short_name);
SetIndexBuffer(2, HiLo_Buffer);
SetIndexBuffer(3, OpenClose_Buffer);
SetIndexBuffer(4, EMA_HiLo_Buffer);
SetIndexBuffer(5, EMA_OpCl_Buffer);
SetIndexBuffer(6, EMA2_HiLo_Buffer);
SetIndexBuffer(7, EMA2_OpCl_Buffer);
R_ALFA=2.0/(First_R+1);
S_ALFA=2.0/(Second_S+1);
if (EMA_Type)
{
R_ALFA=1.0-R_ALFA;
S_ALFA=1.0-S_ALFA;
}
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: add your code here
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
int i,limit;
if (counted_bars<0) return(-1);
//if (counted_bars==0) counted_bars--;
limit=Bars-counted_bars-1;
//Comment("counted_bars=",counted_bars);
for (i=limit;i>=0;i--)
{
HiLo_Buffer[i]=High[i]-Low[i];
OpenClose_Buffer[i]=Close[i]-Open[i];
//ECO_Buffer[i]=High[i]-Low[i];
//Signal_Buffer[i]=Close[i]-Open[i];
//Print("HiLo_Buffer["+i+"]=",HiLo_Buffer[i]);
//Print("OpenClose_Buffer["+i+"]=",OpenClose_Buffer[i]);
}
if (counted_bars==0)
{
EMA_HiLo_Buffer[limit]=HiLo_Buffer[limit];
EMA_OpCl_Buffer[limit]=OpenClose_Buffer[limit];
}
for (i=limit-1;i>=0;i--)
{
EMA_HiLo_Buffer[i]=(1-R_ALFA)*HiLo_Buffer[i]+R_ALFA*EMA_HiLo_Buffer[i+1];
EMA_OpCl_Buffer[i]=(1-R_ALFA)*OpenClose_Buffer[i]+R_ALFA*OpenClose_Buffer[i+1];
}
if (counted_bars==0)
{
EMA2_HiLo_Buffer[limit-1]=EMA_HiLo_Buffer[limit-1];
EMA2_OpCl_Buffer[limit-1]=EMA_OpCl_Buffer[limit-1];
}
for (i=limit-2;i>=0;i--)
{
EMA2_HiLo_Buffer[i]=(1-S_ALFA)*EMA_HiLo_Buffer[i]+S_ALFA*EMA2_HiLo_Buffer[i+1];
EMA2_OpCl_Buffer[i]=(1-S_ALFA)*EMA_OpCl_Buffer[i]+S_ALFA*EMA2_OpCl_Buffer[i+1];
}
for (i=limit-1;i>=0;i--)
{
ECO_Buffer[i]=100.0*EMA2_OpCl_Buffer[i]/EMA2_HiLo_Buffer[i];
}
for (i=limit-2;i>=0;i--)
{
Signal_Buffer[i]=iMAOnArray(ECO_Buffer,0,Signal,0,MODE_EMA,i);
}
//---- TODO: add your code here
//----
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_HISTOGRAM
Implements a curve of type DRAW_LINE
Indicators Used:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: