//+------------------------------------------------------------------+ //| ATRStops_v1.mq4 | //| Copyright © 2006, Forex-TSD.com | //| Written by IgorAD,igorad2003@yahoo.co.uk | //| http://finance.groups.yahoo.com/group/TrendLaboratory | //+------------------------------------------------------------------+ #property copyright "Copyright © 2006, Forex-TSD.com " #property link "http://www.forex-tsd.com/" #property indicator_chart_window #property indicator_buffers 2 #property indicator_color1 DodgerBlue #property indicator_color2 Magenta //---- input parameters extern int Length=7; extern int ATRperiod=9; extern double Kv=2.5; //---- indicator buffers double UpBuffer1[]; double DnBuffer1[]; double smin[]; double smax[]; double trend[]; //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int init() { string short_name; //---- indicator line SetIndexStyle(0,DRAW_LINE); SetIndexStyle(1,DRAW_LINE); IndicatorBuffers(5); SetIndexBuffer(0,UpBuffer1); SetIndexBuffer(1,DnBuffer1); SetIndexBuffer(2,smin); SetIndexBuffer(3,smax); SetIndexBuffer(4,trend); //---- name for DataWindow and indicator subwindow label short_name="ATRStops("+Length+")"; IndicatorShortName(short_name); SetIndexLabel(0,"Up"); SetIndexLabel(1,"Dn"); //---- SetIndexDrawBegin(0,Length); SetIndexDrawBegin(1,Length); //---- return(0); } //+------------------------------------------------------------------+ //| ATRStops_v1 | //+------------------------------------------------------------------+ int start() { int shift,limit, counted_bars=IndicatorCounted(); if ( counted_bars > 0 ) limit=Bars-counted_bars; if ( counted_bars < 0 ) return(0); if ( counted_bars ==0 ) limit=Bars-Length-1; for(shift=limit;shift>=0;shift--) { smin[shift] = -100000; smax[shift] = 100000; for (int i = Length-1;i>=0;i--) { smin[shift] = MathMax( smin[shift], High[shift+i] - Kv*iATR(NULL,0,ATRperiod,shift+i)); smax[shift] = MathMin( smax[shift], Low[shift+i] + Kv*iATR(NULL,0,ATRperiod,shift+i)); } trend[shift]=trend[shift+1]; if ( Close[shift] > smax[shift+1] ) trend[shift] = 1; if ( Close[shift] < smin[shift+1] ) trend[shift] = -1; if ( trend[shift] >0 ) { if( smin[shift]<smin[shift+1] ) smin[shift]=smin[shift+1]; UpBuffer1[shift]=smin[shift]; DnBuffer1[shift] = EMPTY_VALUE; } if ( trend[shift] <0 ) { if( smax[shift]>smax[shift+1] ) smax[shift]=smax[shift+1]; UpBuffer1[shift]=EMPTY_VALUE; DnBuffer1[shift] = smax[shift]; } } 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
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Indicator of the average true range
Custom Indicators Used:
Order Management characteristics:
Other Features: