/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| BBStopLight.mq4 |
//| based on BBandWidthRatio.mq4 from Maji |
//| -- adapted by Gideon, August 2006 |
//+------------------------------------------------------------------+
#property copyright "BBStopLight"
#property link "gideon@smolders.biz"
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_color1 SlateGray
#property indicator_color2 DarkOrange // trading allowed
#property indicator_color3 Pink // run is over, no trading
#property indicator_color4 Black // no trading allowed
//---- input parameters
extern int BB_Period=20;
extern double Deviation=2.0;
extern double Multiply=2000;
extern double Zeroline=3;
double buf1[];
double buf2[];
double buf3[];
double buf4[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
SetIndexStyle(0, DRAW_NONE, 1, 2);
IndicatorDigits(MarketInfo(Symbol(), MODE_DIGITS));
SetIndexDrawBegin(0,BB_Period);
SetIndexLabel(0,"BBandWidthRatio");
SetIndexBuffer(0, buf1);
SetIndexStyle(1, DRAW_HISTOGRAM, 1, 2);
IndicatorDigits(MarketInfo(Symbol(), MODE_DIGITS));
SetIndexDrawBegin(1,BB_Period);
SetIndexLabel(1,"BBandWidthRatio");
SetIndexBuffer(1, buf2);
SetIndexStyle(2, DRAW_HISTOGRAM, 1, 2);
IndicatorDigits(MarketInfo(Symbol(), MODE_DIGITS));
SetIndexDrawBegin(2,BB_Period);
SetIndexLabel(2,"BBandWidthRatio");
SetIndexBuffer(2, buf3);
SetIndexStyle(3, DRAW_HISTOGRAM, 1, 2);
IndicatorDigits(MarketInfo(Symbol(), MODE_DIGITS));
SetIndexDrawBegin(3,BB_Period);
SetIndexLabel(3,"BBandWidthRatio");
SetIndexBuffer(3, buf4);
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int i, j;
double ave, sko, sum;
int counted_bars=IndicatorCounted();
double MA, Up, Dn;
if(Bars<=BB_Period) return(0);
i=Bars-BB_Period;
if(counted_bars>BB_Period) i=Bars-counted_bars-1;
if (Bars<=BB_Period) return;
for (i=Bars-BB_Period; i>=0; i--)
{
MA = iMA(NULL,0,BB_Period,0,MODE_LWMA,PRICE_OPEN,i);
sum = 0;
for (j=0; j<BB_Period; j++) sum+=Close[i+j];
ave = sum / BB_Period;
sum = 0;
for (j=0; j<BB_Period; j++) sum+=(Close[i+j]-ave)*(Close[i+j]-ave);
sko = MathSqrt(sum / BB_Period);
Up = MA+(Deviation*sko);
Dn = MA-(Deviation*sko);
buf1[i] = (Multiply*(Deviation*sko)/MA);
if (buf1[i]>0 && buf1[i]>buf1[i+1]) {
buf2[i] = buf1[i];
buf3[i] = 0;
buf4[i] = 0;
}
if (buf1[i]>0 && buf1[i]<buf1[i+1]) {
buf2[i] = 0;
buf3[i] = buf1[i];
buf4[i] = 0;
}
if (buf1[i]<0) {
buf2[i] = 0;
buf3[i] = 0;
buf4[i] = buf1[i];
}
}
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_NONE
Implements a curve of type DRAW_HISTOGRAM
Indicators Used:
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: