3c_dm_363

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Author: Copyright 2002, Finware.ru Ltd.
3c_dm_363

This script is a custom technical analysis indicator designed for the MetaTrader platform. Its primary purpose is to identify and visualize market trends by calculating specific price movements over a 65-period window.

Core Logic Overview

The indicator operates by analyzing historical closing prices to determine the momentum of the market. It calculates two distinct mathematical values (referred to as value1 and value2) using complex weighted formulas. Each price point in the look-back period is assigned a specific weight, allowing the script to "score" the recent history of the asset.

The primary output of the script is the difference between these two calculated values. By subtracting one from the other, the indicator identifies the net direction of the market's movement.

Trend Identification and Visualization

Once the net result is calculated, the script categorizes the movement into one of three distinct states based on how it compares to the previous data point:

  • Upward Trend (Bullish): If the current result is higher than the previous recorded state, the indicator marks this as a positive trend. On your chart, this is represented by the first buffer (typically shown in Lime).
  • Downward Trend (Bearish): If the current result is lower than the previous recorded state, the indicator identifies this as a negative trend. This is represented by the second buffer (typically shown in Red).
  • Neutral/Straight Trend: If the result remains unchanged compared to the previous state, it is categorized as a neutral or "straight" trend. This is represented by the third buffer (typically shown in Gray).

Display Options

The script provides users with flexibility in how this information appears on the trading interface:

  • Point Style: The indicator can be set to display as distinct symbols (arrows) at specific price coordinates.
  • Histogram Style: Alternatively, the user can choose to view the data as a histogram, which provides a vertical bar representation of the trend strength and direction.

In summary, this tool acts as a momentum filter, smoothing out market noise to highlight whether the current price action is leaning toward an upward move, a downward move, or remainingsideways.

Miscellaneous
Implements a curve of type %1
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3c_dm_363 
//+------------------------------------------------------------------+
//|                                                                  |
//|                 Copyright © 1999-2007, MetaQuotes Software Corp. |
//|                                         http://www.metaquotes.ru |
//+------------------------------------------------------------------+
#property copyright "Copyright 2002, Finware.ru Ltd."
#property link "http://www.finware.ru/"
//----
#property indicator_separate_window
#property indicator_buffers  3
#property indicator_color1  Lime
#property indicator_color2  Red
#property indicator_color3  Gray
//---- input parameters 
extern int Drow_style= 0;  // Ñòèëü èñïîëíåíèÿ ãðàôèêà 0 - â âèäå òî÷å÷íîé ëèíèè, äðóãîå çíà÷åíèå - â âèäå ãèñòîãðàììû
//---- indicator buffers 
double Ind_Buffer1[];
double Ind_Buffer2[];
double Ind_Buffer3[];
//---- double vars 
double value1,value2,Rezalt,trend;
//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
int init()
  {
//---- indicators
   if (Drow_style==0)
     {
      SetIndexStyle(0,DRAW_ARROW);
      SetIndexStyle(1,DRAW_ARROW);
      SetIndexStyle(2,DRAW_ARROW);
      //----
      SetIndexArrow(0,159);
      SetIndexArrow(1,159);
      SetIndexArrow(2,159);
     }
   else
     {
      SetIndexStyle(0,DRAW_HISTOGRAM);
      SetIndexStyle(1,DRAW_HISTOGRAM);
      SetIndexStyle(2,DRAW_HISTOGRAM);
     }
//----
   SetIndexEmptyValue(0,0.0);
   SetIndexEmptyValue(1,0.0);
   SetIndexEmptyValue(2,0.0);
//----
   SetIndexBuffer(0,Ind_Buffer1);
   SetIndexBuffer(1,Ind_Buffer2);
   SetIndexBuffer(2,Ind_Buffer3);
//----   
   IndicatorShortName ("DM");
   SetIndexLabel (0,   "DM_Up");
   SetIndexLabel (1,   "DM_Down");
   SetIndexLabel (2,   "DM_Straight");
   IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS));
   return(0);
  }
//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
int start()
  {
//---- get already counted bars 
   int shift,counted_bars=IndicatorCounted();
//---- check for possible errors 
   if (counted_bars<0) return(-1);
//---- 
   if(counted_bars<64)for(shift=1;shift<=64;shift++)
      {Ind_Buffer1[shift]=0.0;Ind_Buffer2[shift]=0.0;Ind_Buffer3[shift]=0.0;}
//---- 
   shift=Bars-64-1;
   if(counted_bars>64) shift=Bars-counted_bars-1;
   while(shift>=0)
     {
      value1=
      -0.057943686277445900*Close[shift+00]
      -0.043658266634319700*Close[shift+01]
      +0.016893339337967300*Close[shift+02]
      +0.110448213843891000*Close[shift+03]
      +0.205220247113110000*Close[shift+04]
      +0.264664029548369000*Close[shift+05]
      +0.264664029548369000*Close[shift+06]
      +0.205220247113110000*Close[shift+07]
      +0.110448213843891000*Close[shift+08]
      +0.016893339337967300*Close[shift+09]
      -0.043658266634319700*Close[shift+10]
      -0.057943686277445900*Close[shift+11]
      -0.034834636631794200*Close[shift+12]
      +0.002212354734218340*Close[shift+13]
      +0.028933121721909400*Close[shift+14]
      +0.032424401776343200*Close[shift+15]
      +0.015569833996195800*Close[shift+16]
      -0.007660554868813180*Close[shift+17]
      -0.022138347829420900*Close[shift+18]
      -0.020552990368271800*Close[shift+19]
      -0.006433347602730440*Close[shift+20]
      +0.009627481503821010*Close[shift+21]
      +0.017394469333231100*Close[shift+22]
      +0.013176086997509700*Close[shift+23]
      +0.001209424586624090*Close[shift+24]
      -0.010002709133594700*Close[shift+25]
      -0.013505578777899800*Close[shift+26]
      -0.008035831519405070*Close[shift+27]
      +0.001903891095510710*Close[shift+28]
      +0.009480467257466930*Close[shift+29]
      +0.010166090979082400*Close[shift+30]
      +0.004303104789688430*Close[shift+31]
      -0.003659787203963280*Close[shift+32]
      -0.008411956859246820*Close[shift+33]
      -0.007282846005800100*Close[shift+34]
      -0.001620704470705190*Close[shift+35]
      +0.004466014467332310*Close[shift+36]
      +0.007048985722291220*Close[shift+37]
      +0.004847799927165300*Close[shift+38]
      -0.000217319809293247*Close[shift+39]
      -0.004603538852047050*Close[shift+40]
      -0.005574817063020290*Close[shift+41]
      -0.002877047191674200*Close[shift+42]
      +0.001371504969476030*Close[shift+43]
      +0.004280506570424680*Close[shift+44]
      +0.004136269885199370*Close[shift+45]
      +0.001361513374633290*Close[shift+46]
      -0.001973820228459360*Close[shift+47]
      -0.003675699277522370*Close[shift+48]
      -0.002836788589562860*Close[shift+49]
      -0.000284631689719810*Close[shift+50]
      +0.002153387731732640*Close[shift+51]
      +0.002934855205103340*Close[shift+52]
      +0.001758962821343280*Close[shift+53]
      -0.000389897847025107*Close[shift+54]
      -0.002031006983868290*Close[shift+55]
      -0.002197277408694140*Close[shift+56]
      -0.000975033303736501*Close[shift+57]
      +0.000693883112457725*Close[shift+58]
      +0.001751056105124850*Close[shift+59]
      +0.001683817123497210*Close[shift+60]
      +0.000645916394658871*Close[shift+61]
      -0.001229513645906610*Close[shift+62]
      -0.005497165615453070*Close[shift+63]
      +0.001719892732445040*Close[shift+64];
      value2=
      0.210642090317950000*Close[shift+00]
      +0.271656355551084000*Close[shift+01]
      +0.271656355551084000*Close[shift+02]
      +0.210642090317950000*Close[shift+03]
      +0.113366214899538000*Close[shift+04]
      +0.017339655129830400*Close[shift+05]
      -0.044811701929405100*Close[shift+06]
      -0.059474537088348700*Close[shift+07]
      -0.035754954878029800*Close[shift+08]
      +0.002270804329963180*Close[shift+09]
      +0.029697524121816400*Close[shift+10]
      +0.033281042507046500*Close[shift+11]
      +0.015981183265287400*Close[shift+12]
      -0.007862943901791450*Close[shift+13]
      -0.022723234810281000*Close[shift+14]
      -0.021095992789986800*Close[shift+15]
      -0.006603314272564040*Close[shift+16]
      +0.009881836012723110*Close[shift+17]
      +0.017854024794657900*Close[shift+18]
      +0.013524194354160800*Close[shift+19]
      +0.001241377137939080*Close[shift+20]
      -0.010266977018020800*Close[shift+21]
      -0.013862391185810200*Close[shift+22]
      -0.008248135223019260*Close[shift+23]
      +0.001954191195740410*Close[shift+24]
      +0.009730937704226890*Close[shift+25]
      +0.010434675351580300*Close[shift+26]
      +0.004416791230436310*Close[shift+27]
      -0.003756477431473020*Close[shift+28]
      -0.008634197655553740*Close[shift+29]
      -0.007475256109987750*Close[shift+30]
      -0.001663522884800100*Close[shift+31]
      +0.004584004921651760*Close[shift+32]
      +0.007235217324080300*Close[shift+33]
      +0.004975877012459140*Close[shift+34]
      -0.000223061318466289*Close[shift+35]
      -0.004725162649865770*Close[shift+36]
      -0.005722101672782540*Close[shift+37]
      -0.002953057716881230*Close[shift+38]
      +0.001407739624700190*Close[shift+39]
      +0.004393595974558090*Close[shift+40]
      +0.004245548609330800*Close[shift+41]
      +0.001397484055608480*Close[shift+42]
      -0.002025967830578520*Close[shift+43]
      -0.003772809896144160*Close[shift+44]
      -0.002911735497357070*Close[shift+45]
      -0.000292151553936419*Close[shift+46]
      +0.002210279441029960*Close[shift+47]
      +0.003012392996694690*Close[shift+48]
      +0.001805433970046320*Close[shift+49]
      -0.000400198804275733*Close[shift+50]
      -0.002084665438964100*Close[shift+51]
      -0.002255328667062000*Close[shift+52]
      -0.001000793323845250*Close[shift+53]
      +0.000712215248254048*Close[shift+54]
      +0.001797318361302890*Close[shift+55]
      +0.001728302950591050*Close[shift+56]
      +0.000662981267470111*Close[shift+57]
      -0.001261996942755200*Close[shift+58]
      -0.005642398702623070*Close[shift+59]
      +0.001765331663815800*Close[shift+60];
      //----
      Rezalt=value2-value1;
      //----
      //---- +SSSSSSSSSSSSSSSS <<< Three colore code >>> SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS+
      trend=Rezalt-Ind_Buffer1[shift+1]-Ind_Buffer2[shift+1]-Ind_Buffer3[shift+1];
      if(trend>0.0)     {Ind_Buffer1[shift]=Rezalt; Ind_Buffer2[shift]=0;      Ind_Buffer3[shift]=0;}
        else{if(trend<0.0){Ind_Buffer1[shift]=0;      Ind_Buffer2[shift]=Rezalt; Ind_Buffer3[shift]=0;}
        else              {Ind_Buffer1[shift]=0;      Ind_Buffer2[shift]=0;      Ind_Buffer3[shift]=Rezalt;}}
      //---- +SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS+
      shift--;
     }
   return(0);
  }
//+------------------------------------------------------------------+

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