adr_sl-noline1





//+------------------------------------------------------------------+
//|                                                ADR_SL-NoLine.mq4 |
//|                                       Copyright © Terry Nicholls |
//| Some code modified from TSR_Ranges.mq4 by Ogeima                 |
//| made for FXiGoR for the TSR Trend Slope Retracement method       |
//| modified to the DYNAMIC Daily Range Breakout System              |
//+------------------------------------------------------------------+

/* This will display at the top of your chart the Average Daily Range (pip movement)
   for Yesterday, Today, and 5, 10, and 20 day periods.
   Below that will display the number of pips for a Stop Loss based on 1/2 and 3/4
   of the ADR. */

#property copyright "Copyright © Terry Nicholls"

#property indicator_chart_window

extern double  Risk_to_Reward_ratio =  3.0;

int nDigits;
double today_high=0;
double today_low=0;
double D=0;
double nD=0;
double nhR1=0;
double nqR1=0;
double nhR3=0;    // 3 Days
double nqR3=0;    // 3 Days
double nhR5=0;
double nqR5=0;
double nhR10=0;
double nqR10=0;
double nhR20=0;
double nqR20=0;
double rates_d1[2][6];

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+

int init()
  {
   IndicatorShortName("Avg_Dly_Rng");
   return(0);
  }

//+------------------------------------------------------------------+
//| Custor indicator deinitialization function                       |
//+------------------------------------------------------------------+

int deinit()
  {
   ObjectDelete("Avg_Dly_Rng1");
   ObjectDelete("Avg_Dly_Rng2");
   ObjectDelete("Avg_Dly_Rng3");
   ObjectDelete("Avg_Dly_Rng4");
   ObjectDelete("Avg_Dly_Rng5");
   ObjectDelete("Avg_Dly_Rng6");
   ObjectDelete("Avg_Dly_Rng7");
   ObjectDelete("Avg_Dly_Rng8");
   ObjectDelete("Avg_Dly_Rng9");
   ObjectDelete("Avg_Dly_Rng10");
   ObjectDelete("Avg_Dly_Rng11");
   ObjectDelete("Avg_Dly_Rng12");
   ObjectDelete("Avg_Dly_Rng13");
   ObjectDelete("Avg_Dly_Rng14");
   ObjectDelete("Avg_Dly_Rng15");
   ObjectDelete("Avg_Dly_Rng16");
   ObjectDelete("Avg_Dly_Rng17");
   ObjectDelete("Avg_Dly_Rng18");
   ObjectDelete("Avg_Dly_Rng19");
   ObjectDelete("Avg_Dly_Rng20");
   ObjectDelete("Avg_Dly_Rng21");
   ObjectDelete("Avg_Dly_Rng22");
   ObjectDelete("Avg_Dly_Rng23");
   ObjectDelete("Avg_Dly_Rng24");
   ObjectDelete("Avg_Dly_Rng25");
   ObjectDelete("Avg_Dly_Rng26");
   ObjectDelete("Avg_Dly_Rng27");
   
   return(0);
  }

//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+

int start()
  {
ArrayCopyRates(rates_d1, Symbol(), PERIOD_D1);   //---- Get new daily prices

   int R1=0,R3=0,R5=0,R10=0,R20=0,RAvg=0;
   int RoomUp=0,RoomDown=0,StopLoss_Long=0,StopLoss_Short=0;
   double   SL_Long=0,SL_Short=0;
   double   low0=0,high0=0;
   string   Text="";
   int i=0;

today_high = rates_d1[0][3];
today_low = rates_d1[0][2];

D = (today_high - today_low);

   R1 =  (iHigh(NULL,PERIOD_D1,1)-iLow(NULL,PERIOD_D1,1))/Point;
   for(i=1;i<=3;i++)    // 3 Day Code
      R3    =    R3  +  (iHigh(NULL,PERIOD_D1,i)-iLow(NULL,PERIOD_D1,i))/Point;     // 3 Day Code
   for(i=1;i<=5;i++)
      R5    =    R5  +  (iHigh(NULL,PERIOD_D1,i)-iLow(NULL,PERIOD_D1,i))/Point;
   for(i=1;i<=10;i++)
      R10   =    R10 +  (iHigh(NULL,PERIOD_D1,i)-iLow(NULL,PERIOD_D1,i))/Point;
   for(i=1;i<=20;i++)
      R20   =    R20 +  (iHigh(NULL,PERIOD_D1,i)-iLow(NULL,PERIOD_D1,i))/Point;

   R3 = R3/3;     // 3 Days Code
   R5 = R5/5;
   R10 = R10/10;
   R20 = R20/20;
   RAvg  =  (R1+R3+R5+R10+R20)/5;    

   low0  =  iLow(NULL,PERIOD_D1,0);
   high0 =  iHigh(NULL,PERIOD_D1,0);
   RoomUp   =  RAvg - (Bid - low0)/Point;
   RoomDown =  RAvg - (high0 - Bid)/Point;
   StopLoss_Long  =  RoomUp/Risk_to_Reward_ratio;
   SL_Long        =  Bid - nhR1*Point;
   StopLoss_Short =  RoomDown/Risk_to_Reward_ratio;
   SL_Short       =  Bid + nhR1*Point;

if (D > 1)
{
	nD = D;
}
else
{
	nD = D*10000;
}

if (R1 > 1)
{
	nhR1 = R1/2;
}
else
{
	nhR1 = 0;
}

if (R1 > 1)
{
	nqR1 = R1*0.75;
}
else
{
	nqR1 = 0;
}
//---- 3 Days Code
if (R3 > 1)
{
	nhR3 = R3/2;
}
else
{
	nhR3 = 0;
}

if (R3 > 1)
{
	nqR3 = R3*0.75;
}
else
{
	nqR3 = 0;
}
//---- Fin 3 Days Code
if (R5 > 1)
{
	nhR5 = R5/2;
}
else
{
	nhR5 = 0;
}

if (R5 > 1)
{
	nqR5 = R5*0.75;
}
else
{
	nqR5 = 0;
}

if (R10 > 1)
{
	nhR10 = R10/2;
}
else
{
	nhR10 = 0;
}

if (R10 > 1)
{
	nqR10 = R10*0.75;
}
else
{
	nqR20 = 0;
}

if (R20 > 1)
{
	nhR20 = R20/2;
}
else
{
	nhR20 = 0;
}

if (R20 > 1)
{
	nqR20 = R20*0.75;
}
else
{
	nqR20 = 0;
}

// Displays Average Daily Range for Today, Yesterday, 3 Days, 5 Days, 10 Days, and 20 Days

        ObjectCreate("Avg_Dly_Rng1", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng1","Today: ", 12, "Arial Bold", RoyalBlue);
        ObjectSet("Avg_Dly_Rng1", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng1", OBJPROP_XDISTANCE, 225);
        ObjectSet("Avg_Dly_Rng1", OBJPROP_YDISTANCE, 2);
        
        ObjectCreate("Avg_Dly_Rng2", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng2",DoubleToStr(nD ,0),12, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng2", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng2", OBJPROP_XDISTANCE, 285);
        ObjectSet("Avg_Dly_Rng2", OBJPROP_YDISTANCE, 2);
        
        ObjectCreate("Avg_Dly_Rng3", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng3","1 Day: ", 12, "Arial Bold", RoyalBlue);
        ObjectSet("Avg_Dly_Rng3", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng3", OBJPROP_XDISTANCE, 325);
        ObjectSet("Avg_Dly_Rng3", OBJPROP_YDISTANCE, 2);
        
        ObjectCreate("Avg_Dly_Rng4", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng4",DoubleToStr(R1 ,0),12, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng4", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng4", OBJPROP_XDISTANCE, 380);
        ObjectSet("Avg_Dly_Rng4", OBJPROP_YDISTANCE, 2);
//---- 3 Days Code        
        ObjectCreate("Avg_Dly_Rng5", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng5","3 Day: ", 12, "Arial Bold", RoyalBlue);
        ObjectSet("Avg_Dly_Rng5", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng5", OBJPROP_XDISTANCE, 420);
        ObjectSet("Avg_Dly_Rng5", OBJPROP_YDISTANCE, 2);
        
        ObjectCreate("Avg_Dly_Rng6", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng6",DoubleToStr(R3 ,0),12, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng6", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng6", OBJPROP_XDISTANCE, 475);
        ObjectSet("Avg_Dly_Rng6", OBJPROP_YDISTANCE, 2);
//---- Fin 3Day Code
        ObjectCreate("Avg_Dly_Rng7", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng7","5 Day: ", 12, "Arial Bold", RoyalBlue);
        ObjectSet("Avg_Dly_Rng7", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng7", OBJPROP_XDISTANCE, 420);
        ObjectSet("Avg_Dly_Rng7", OBJPROP_YDISTANCE, 2);
        
        ObjectCreate("Avg_Dly_Rng8", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng8",DoubleToStr(R5 ,0),12, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng8", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng8", OBJPROP_XDISTANCE, 475);
        ObjectSet("Avg_Dly_Rng8", OBJPROP_YDISTANCE, 2);
        
        ObjectCreate("Avg_Dly_Rng9", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng9","10 Day: ", 12, "Arial Bold", RoyalBlue);
        ObjectSet("Avg_Dly_Rng9", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng9", OBJPROP_XDISTANCE, 515);
        ObjectSet("Avg_Dly_Rng9", OBJPROP_YDISTANCE, 2);
        
        ObjectCreate("Avg_Dly_Rng10", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng10",DoubleToStr(R10 ,0),12, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng10", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng10", OBJPROP_XDISTANCE, 579);
        ObjectSet("Avg_Dly_Rng10", OBJPROP_YDISTANCE, 2);
        
        ObjectCreate("Avg_Dly_Rng11", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng11","20 Day: ", 12, "Arial Bold", RoyalBlue);
        ObjectSet("Avg_Dly_Rng11", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng11", OBJPROP_XDISTANCE, 619);
        ObjectSet("Avg_Dly_Rng11", OBJPROP_YDISTANCE, 2);
        
        ObjectCreate("Avg_Dly_Rng12", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng12",DoubleToStr(R20 ,0),12, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng12", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng12", OBJPROP_XDISTANCE, 683);
        ObjectSet("Avg_Dly_Rng12", OBJPROP_YDISTANCE, 2);
        
// Displyas Stop Loss targets for 1/2 and 3/4 of Average Daily Ranges

        ObjectCreate("Avg_Dly_Rng13", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng13","S/L @ 1/2 & 3/4 ADRs: ", 10, "Arial Bold", RoyalBlue);
        ObjectSet("Avg_Dly_Rng13", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng13", OBJPROP_XDISTANCE, 185);
        ObjectSet("Avg_Dly_Rng13", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng14", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng14","1 = ", 9, "Arial Bold", RoyalBlue);
        ObjectSet("Avg_Dly_Rng14", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng14", OBJPROP_XDISTANCE, 327);
        ObjectSet("Avg_Dly_Rng14", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng15", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng15",DoubleToStr(nhR1 ,0),9, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng15", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng15", OBJPROP_XDISTANCE, 353);
        ObjectSet("Avg_Dly_Rng15", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng16", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng16","/", 9, "Arial", RoyalBlue);
        ObjectSet("Avg_Dly_Rng16", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng16", OBJPROP_XDISTANCE, 379);
        ObjectSet("Avg_Dly_Rng16", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng17", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng17",DoubleToStr(nqR1 ,0),9, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng17", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng17", OBJPROP_XDISTANCE, 385);
        ObjectSet("Avg_Dly_Rng17", OBJPROP_YDISTANCE, 20);
//---- 3 Days Code        
        ObjectCreate("Avg_Dly_Rng18", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng18","3 = ", 9, "Arial Bold", RoyalBlue);
        ObjectSet("Avg_Dly_Rng18", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng18", OBJPROP_XDISTANCE, 422);
        ObjectSet("Avg_Dly_Rng18", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng19", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng19",DoubleToStr(nhR3 ,0),9, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng19", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng19", OBJPROP_XDISTANCE, 448);
        ObjectSet("Avg_Dly_Rng19", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng20", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng20","/", 9, "Arial", RoyalBlue);
        ObjectSet("Avg_Dly_Rng20", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng20", OBJPROP_XDISTANCE, 474);
        ObjectSet("Avg_Dly_Rng20", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng21", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng21",DoubleToStr(nqR3 ,0),9, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng21", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng21", OBJPROP_XDISTANCE, 480);
        ObjectSet("Avg_Dly_Rng21", OBJPROP_YDISTANCE, 20);
//---- Fin 3Days Code
        ObjectCreate("Avg_Dly_Rng22", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng22","5 = ", 9, "Arial Bold", RoyalBlue);
        ObjectSet("Avg_Dly_Rng22", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng22", OBJPROP_XDISTANCE, 422);
        ObjectSet("Avg_Dly_Rng22", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng23", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng23",DoubleToStr(nhR5 ,0),9, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng23", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng23", OBJPROP_XDISTANCE, 448);
        ObjectSet("Avg_Dly_Rng23", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng24", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng24","/", 9, "Arial", RoyalBlue);
        ObjectSet("Avg_Dly_Rng24", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng24", OBJPROP_XDISTANCE, 474);
        ObjectSet("Avg_Dly_Rng24", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng25", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng25",DoubleToStr(nqR5 ,0),9, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng25", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng25", OBJPROP_XDISTANCE, 480);
        ObjectSet("Avg_Dly_Rng25", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng26", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng26","10 = ", 9, "Arial Bold", RoyalBlue);
        ObjectSet("Avg_Dly_Rng26", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng26", OBJPROP_XDISTANCE, 517);
        ObjectSet("Avg_Dly_Rng26", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng27", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng27",DoubleToStr(nhR10 ,0),9, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng27", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng27", OBJPROP_XDISTANCE, 549);
        ObjectSet("Avg_Dly_Rng27", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng28", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng28","/", 9, "Arial", RoyalBlue);
        ObjectSet("Avg_Dly_Rng28", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng28", OBJPROP_XDISTANCE, 576);
        ObjectSet("Avg_Dly_Rng28", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng29", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng29",DoubleToStr(nqR10 ,0),9, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng29", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng29", OBJPROP_XDISTANCE, 582);
        ObjectSet("Avg_Dly_Rng29", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng30", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng30","20 = ", 9, "Arial Bold", RoyalBlue);
        ObjectSet("Avg_Dly_Rng30", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng30", OBJPROP_XDISTANCE, 621);
        ObjectSet("Avg_Dly_Rng30", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng31", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng31",DoubleToStr(nhR20 ,0),9, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng31", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng31", OBJPROP_XDISTANCE, 653);
        ObjectSet("Avg_Dly_Rng31", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng32", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng32","/", 9, "Arial", RoyalBlue);
        ObjectSet("Avg_Dly_Rng32", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng32", OBJPROP_XDISTANCE, 680);
        ObjectSet("Avg_Dly_Rng32", OBJPROP_YDISTANCE, 20);
        
        ObjectCreate("Avg_Dly_Rng33", OBJ_LABEL, 0, 0, 0);
        ObjectSetText("Avg_Dly_Rng33",DoubleToStr(nqR20 ,0),9, "Arial Bold", Tomato);
        ObjectSet("Avg_Dly_Rng33", OBJPROP_CORNER, 0);
        ObjectSet("Avg_Dly_Rng33", OBJPROP_XDISTANCE, 686);
        ObjectSet("Avg_Dly_Rng33", OBJPROP_YDISTANCE, 20);

   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:


Indicators Used:



Custom Indicators Used:

Order Management characteristics:

Other Features: