//+------------------------------------------------------------------+
//| MBKAsctrend3times.mq4 |
//+------------------------------------------------------------------+
#property copyright "MBKAsctrend3times matt kennel"
#property link "http://www.metatrader.org"
//----
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_color2 Red
// Modified by MBK: now have three different timescales (bar lengths)
// to combine for final WPR indicator, with further long-term trend indicator.
// try on H1 chart with these parameters.
extern int RISK=3;
//extern int CountBars=2000;
extern int NumberofAlerts=1;
extern int WPRLength1=9,WPRLength2=33, WPRLength3=77;
extern int LToffset=-5;
extern double w1=1.0, w2=3.0, w3=1.0; // relative weights
int counter=0;
//---- buffers
double val1[];
double val2[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
IndicatorBuffers(2);
SetIndexStyle(0,DRAW_ARROW);
SetIndexArrow(0,233);
SetIndexStyle(1,DRAW_ARROW);
SetIndexArrow(1,234);
SetIndexBuffer(0,val1);
SetIndexBuffer(1,val2);
//----
return(0);
}
//+------------------------------------------------------------------+
//| SilverTrend_Signal |
//+------------------------------------------------------------------+
int start()
{
//if (CountBars>=Bars) CountBars=Bars;
//SetIndexDrawBegin(0,Bars-CountBars+SSP);
//SetIndexDrawBegin(1,Bars-CountBars+SSP);
int i1,i2,K;
double Range,AvgRange,smin,smax,SsMax,SsMin,price;
double wprvalue;
static bool uptrend,old;
bool flag1, flag2;
int i,shift,counted_bars=IndicatorCounted();
//if(Bars<=SSP+1) return(0);
//---- initial zero
//if(counted_bars<SSP+1)
// {
// for(i=1;i<=SSP;i++) val2[CountBars-i]=0.0;
// }
////----
K=33-RISK;
// wprlength = 3+RISK*2;
uptrend=false;
old=false;
double sumweights=w1+w2+w3;
w1/=sumweights;
w2/=sumweights;
w3/=sumweights;
int SSP=10;
for(shift=Bars-SSP; shift>=0; shift--)
{
Range=0;
AvgRange=0;
for(i1=shift; i1<=shift+SSP; i1++)
{AvgRange=AvgRange+MathAbs(High[i1]-Low[i1]);
}
Range=AvgRange/(SSP+1);
double wprval1=(100-MathAbs(iWPR(Symbol(),Period(),WPRLength1,shift)));
double wprval2=(100-MathAbs(iWPR(Symbol(),Period(),WPRLength2,shift)));
double wprval3=(100-MathAbs(iWPR(Symbol(),Period(),WPRLength3,shift)));
wprvalue=w1*wprval1 + w2*wprval2 + w3*wprval3;
// MathPow(wprval1*wprval2*wprval3,1.0/3.0);
double wprlong=wprval3;
if ((wprvalue < 33-RISK) && (wprlong < 50-LToffset))
{
uptrend=false;
}
if ((wprvalue > 67+RISK) && (wprlong>=50+LToffset))
{
uptrend=true;
}
if (uptrend!=old && uptrend==true)
{
val1[shift]=Low[shift]-Range*0.8; // lower range
counter=0;
if (shift==0 && counter<=NumberofAlerts)
{
// Alert("MBKAsctrend M",Period()," ",Symbol()," BUY");
counter=counter+1;
}
}
if (uptrend!=old && uptrend==false)
{
counter=0;
val2[shift]=High[shift]+Range*0.8;
if (shift==0 && counter<=NumberofAlerts)
{
// Alert("Silver Trend ",Period()," ",Symbol()," SELL");
counter=counter+1;
}
}
Comment(shift);
old=uptrend;
}
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
Indicator Curves created:
Implements a curve of type DRAW_ARROW
Indicators Used:
Larry William percent range indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: