//+------------------------------------------------------------------+
//| AscTrend2.mq4 |
//| Copyright © 2006, Nick Bilak |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Nick Bilak"
//---- indicator settings
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Aqua
#property indicator_color2 Magenta
//---- indicator parameters
extern int Risk=5;
extern double MONYRISK=2.0;
//---- indicator buffers
double e1[];
double e2[];
int i,value2=1,Counter,DCounter,TrueCount=0,MRO1=0,MRO2=0,MRO3=0,MRO4=0;
double value3=18,value4=0,value5=0,value6=0,value7=0,value8=0,value9=0,
value10=10,value11=10000,value12=0,value13=0,value14=0,value19=0,
value4_1=0,value4_2=0,value9_1=0,value10_1=0,value11_1=0,value12_1=0,
Range=0,AvgRange=0,AvgRange_1=0,AvgRange_2=0,
val1=0,val2=0,NumBars=0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- drawing settings
SetIndexStyle(0,DRAW_ARROW);
SetIndexStyle(1,DRAW_ARROW);
SetIndexArrow(0,159);
SetIndexArrow(1,159);
SetIndexEmptyValue(0,0);
SetIndexEmptyValue(1,0);
if(
!SetIndexBuffer(0,e1) ||
!SetIndexBuffer(1,e2)
)
Print("cannot set indicator buffers!");
//---- name for DataWindow and indicator subwindow label
IndicatorShortName("AscT2("+Risk+")");
//---- initialization done
return(0);
}
int start() {
int counted_bars=IndicatorCounted();
if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars--;
int limit=Bars-20-counted_bars;
double spread=Ask-Bid;
for(i=limit; i>=0; i--) {
Range=0;
AvgRange=0;
for (Counter=i; Counter<=i+9; Counter++) {
AvgRange=AvgRange+MathAbs(spread+High[Counter]-Low[Counter]);
}
Range=AvgRange/10.0;
if (i==Bars-20) {
value2=1; value3=18; value10=10000; value10_1=0;
value19=MONYRISK*Range*Point;
value2=Risk;
value3=18+3*value2;
value9=0;
}
Counter=i;
AvgRange=0;
for (Counter=i; Counter<=i+9-1; Counter++) {
AvgRange=AvgRange+Close[Counter];
}
value11=AvgRange/9.0;
// -----
//value12=UserFunction("AverageClose",value3,i);
Counter=i;
AvgRange=0;
for (Counter=i; Counter<=i+value3-1; Counter++) {
AvgRange=AvgRange+Close[Counter];
}
value12=AvgRange/value3;
// -----
value13=Range;
// -----
//value4=UserFunction("JESSD",High[i],Low[i],High[i+value2],Low[i+value2],Close[i+value2]);
AvgRange=(spread+High[i]+Low[i])/2.0;
if (Close[i+value2]<AvgRange) {
value4=2*AvgRange-Low[i+value2];
} else {
value4=2*AvgRange-spread+High[i+value2];
}
// -----
Counter=i;
TrueCount=0;
while (Counter<i+2 && TrueCount<1) {
//value4=UserFunction("JESSD",High[Counter],Low[Counter],High[Counter+value2],Low[Counter+value2],Close[Counter+value2]);
AvgRange=(spread+High[Counter]+Low[Counter])/2.0;
if (Close[Counter+value2]<AvgRange) {
value4=2*AvgRange-Low[Counter+value2];
} else {
value4=2*AvgRange-spread+High[Counter+value2];
}
value4=NormalizeDouble(value4,2);
//value4_1=UserFunction("JESSD",High[Counter+1],Low[Counter+1],High[Counter+value2],Low[Counter+value2],Close[Counter+value2]);
AvgRange_1=(spread+High[Counter+1]+Low[Counter+1])/2.0;
if (Close[Counter+1+value2]<AvgRange_1) {
value4_1=2*AvgRange_1-Low[Counter+1+value2];
} else {
value4_1=2*AvgRange_1-spread+High[Counter+1+value2];
}
value4_1=NormalizeDouble(value4_1,2);
//value4_2=UserFunction("JESSD",High[Counter+2],Low[Counter+2],High[Counter+value2],Low[Counter+value2],Close[Counter+value2]);
AvgRange_2=(spread+High[Counter+2]+Low[Counter+2])/2.0;
if (Close[Counter+2+value2]<AvgRange_2) {
value4_2=2*AvgRange_2-Low[Counter+2+value2];
} else {
value4_2=2*AvgRange_2-spread+High[Counter+2+value2];
}
value4_2=NormalizeDouble(value4_2,2);
if (value4>value4_1 && value4_1<value4_2) TrueCount=TrueCount+1;
Counter=Counter+1;
}
if (TrueCount>=1) MRO1=Counter-i-1; else MRO1=-1;
// -----
Counter=i;
TrueCount=0;
while (Counter<i+2 && TrueCount<1) {
//value4=UserFunction("JESSD",High[Counter],Low[Counter],High[Counter+value2],Low[Counter+value2],Close[Counter+value2]);
AvgRange=(spread+High[Counter]+Low[Counter])/2.0;
if (Close[Counter+value2]<AvgRange) {
value4=2*AvgRange-Low[Counter+value2];
} else {
value4=2*AvgRange-spread+High[Counter+value2];
}
value4=NormalizeDouble(value4,2);
//value4_1=UserFunction("JESSD",High[Counter+1],Low[Counter+1],High[Counter+value2],Low[Counter+value2],Close[Counter+value2]);
AvgRange_1=(spread+High[Counter+1]+Low[Counter+1])/2.0;
if (Close[Counter+1+value2]<AvgRange_1) {
value4_1=2*AvgRange_1-Low[Counter+1+value2];
} else {
value4_1=2*AvgRange_1-spread+High[Counter+1+value2];
}
value4_1=NormalizeDouble(value4_1,2);
//value4_2=UserFunction("JESSD",High[Counter+2],Low[Counter+2],High[Counter+value2],Low[Counter+value2],Close[Counter+value2]);
AvgRange_2=(spread+High[Counter+2]+Low[Counter+2])/2.0;
if (Close[Counter+2+value2]<AvgRange_2) {
value4_2=2*AvgRange_2-Low[Counter+2+value2];
} else {
value4_2=2*AvgRange_2-spread+High[Counter+2+value2];
}
value4_2=NormalizeDouble(value4_2,2);
if (value4<value4_1 && value4_1>value4_2) TrueCount=TrueCount+1;
Counter=Counter+1;
}
if (TrueCount>=1) MRO2=Counter-i-1; else MRO2=-1;
// -----
//value4_1=UserFunction("JESSD",High[i+1],Low[i+1],High[i+1+value2],Low[i+1+value2],Close[i+1+value2]);
AvgRange_1=(spread+High[i+1]+Low[i+1])/2.0;
if (Close[i+1+value2]<AvgRange_1) {
value4_1=2*AvgRange_1-Low[i+1+value2];
} else {
value4_1=2*AvgRange_1-spread+High[i+1+value2];
}
// -----
if (MRO1>-1 && Low[i+1]>value4_1) value5=value4_1-value13;
if (MRO2>-1 && spread+High[i+1]<value4_1) value6=value4_1+value13;
// -----
//value11_1=UserFunction("AverageClose",9,i+1);
Counter=i;
AvgRange=0;
for (Counter=i+1; Counter<=i+1+9-1; Counter++) {
AvgRange=AvgRange+Close[Counter];
}
value11_1=AvgRange/9.0;
// -----
//value12_1=UserFunction("AverageClose",value3,i+1);
Counter=i;
AvgRange=0;
for (Counter=i+1; Counter<=i+1+value3-1; Counter++) {
AvgRange=AvgRange+Close[Counter];
}
value12_1=AvgRange/value3;
// -----
if (value11_1<value12_1 && value11>value12) {
//value5=UserFunction("TrueLow",i)-value13;
if (Close[i+1]<Low[i]) {
value5=Close[i+1]-value13;
} else {
value5=Low[i]-value13;
}
}
if (value11_1>value12_1 && value11<value12) {
//value5=UserFunction("TrueHigh",i)+value13;
if (Close[i+1]>spread+High[i]) {
value5=Close[i+1]+value13;
} else {
value5=spread+High[i]+value13;
}
}
// -----
if (MathAbs(Open[i]-Close[i+1])>=1.618*value13) {
if (value11>value12) value5=Low[i]-value13;
if (value11<value12) value14=spread+High[i]+value13;
}
// -----
//value7=UserFunction("BS105",Low[i],2.40,value13,value9);
if (Low[i]-2.40*value13<value9) {
value7=value9;
} else {
value7=Low[i]-2.40*value13;
}
// -----
//value8=UserFunction("SS105",High[i],2.40,value13,value10);
if (spread+High[i]+2.40*value13>value10) {
value8=value10;
} else {
value8=spread+High[i]+2.40*value13;
}
// -----
//value9=UserFunction("BS0",Low[i],60,value7,RISK,value19);
value9=value7;
// -----
//value10=UserFunction("SS0",High[i],60,value8,RISK,value19);
value10=value8;
// -----
if (Low[i]-value9>value19/Point) value9=Low[i]-(1.50+0.1*Risk)*value13;
if (value10-spread+High[i]>value19/Point) value10=spread+High[i]+(1.50+0.1*Risk)*value13;
if (value11>=value12 && value5>=value9) value9=value5;
if (value11<=value12 && value6<=value10) value10=value6;
if (value11<=value12 && value5<=value9) value9=value5;
if (value11>=value12 && value6>=value10) value10=value6;
// -----
Counter=i;
TrueCount=0;
while (Counter<i+2 && TrueCount<2) {
//value11=UserFunction("AverageClose",9,Counter);
DCounter=Counter;
AvgRange=0;
for (DCounter=Counter; DCounter<=Counter+9-1; DCounter++) {
AvgRange=AvgRange+Close[DCounter];
}
value11=AvgRange/9.0;
//value12=UserFunction("AverageClose",value3,Counter);
DCounter=Counter;
AvgRange=0;
for (DCounter=Counter; DCounter<=Counter+value3-1; DCounter++) {
AvgRange=AvgRange+Close[DCounter];
}
value12=AvgRange/value3;
if (value11>=value12) TrueCount=TrueCount+1;
Counter=Counter+1;
}
if (TrueCount>=2) MRO3=Counter-i-1; else MRO3=-1;
// -----
Counter=i;
TrueCount=0;
while (Counter<i+2 && TrueCount<2) {
//value11=UserFunction("AverageClose",9,Counter);
DCounter=Counter;
AvgRange=0;
for (DCounter=Counter; DCounter<=Counter+9-1; DCounter++) {
AvgRange=AvgRange+Close[DCounter];
}
value11=AvgRange/9.0;
//value12=UserFunction("AverageClose",value3,Counter);
DCounter=Counter;
AvgRange=0;
for (DCounter=Counter; DCounter<=Counter+value3-1; DCounter++) {
AvgRange=AvgRange+Close[DCounter];
}
value12=AvgRange/value3;
if (value11<=value12) TrueCount=TrueCount+1;
Counter=Counter+1;
}
if (TrueCount>=2) MRO4=Counter-i-1; else MRO4=-1;
// -----
if (MRO3>-1 && value9<=value9_1) value9=value9_1;
if (MRO4>-1 && value10>=value10_1) value10=value10_1;
// -----
//value11=UserFunction("AverageClose",9,i);
Counter=i;
AvgRange=0;
for (Counter=i; Counter<=i+9-1; Counter++) {
AvgRange=AvgRange+Close[Counter];
}
value11=AvgRange/9.0;
// -----
//value12=UserFunction("AverageClose",value3,i);
Counter=i;
AvgRange=0;
for (Counter=i; Counter<=i+value3-1; Counter++) {
AvgRange=AvgRange+Close[Counter];
}
value12=AvgRange/value3;
// -----
val1=0;
val2=0;
if (value9>0 && value11>=value12 && value9<=spread+High[i]) {
val1=value9;
}
if (value10>0 && value10<1000000000 && value11<=value12 && value10>=Low[i]) {
val2=value10;
}
// -----
value9_1=value9;
value10_1=value10;
e1[i]=val1; //SetIndexValue(i,val1);
e2[i]=val2; //SetIndexValue2(i,val2);
// -----
}
}
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: