//+------------------------------------------------------------------+
//| EWO.mq4 |
//| Copyright © 2005-2006, David W. Thomas |
//| http://www.davidwt.com |
//+------------------------------------------------------------------+
// Elliott Wave Oscillator
#property copyright "Copyright © 2005-2006, David W. Thomas"
#property link "http://www.davidwt.com"
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 Sienna
//---- buffers
double EWOBuffer[];
//---- variables
int indexbegin = 0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0, DRAW_LINE);
SetIndexBuffer(0, EWOBuffer);
SetIndexLabel(0, "EWO");
//----
IndicatorShortName("EWO");
indexbegin = Bars - 35;
if (indexbegin < 0)
indexbegin = 0;
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int i;
int counted_bars = IndicatorCounted();
//---- check for possible errors
if (counted_bars < 0) counted_bars = 0;
//---- last counted bar will be recounted
if (counted_bars > 0) counted_bars--;
if (counted_bars > indexbegin) counted_bars = indexbegin;
for (i = 0; i < indexbegin-counted_bars; i++)
{
//! compute EWO for the current bar. If EWO is > 0, then the 5SMA is above
//! the 35SMA. If EWO < 0, then the 5SMA is below the 35SMA.
EWOBuffer[i] = iMA(NULL, 0, 5, 0, MODE_SMA, PRICE_MEDIAN, i) - iMA(NULL, 0, 35, 0, MODE_SMA, PRICE_MEDIAN, i);
}
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: