Amplitude_allHistAvg
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This tool is designed to provide a visual breakdown of price movement dynamics by calculating various "amplitudes" or measurements within trading candles. Rather than showing simple price action, it translates the history of the market into five distinct averages that help traders understand the relationship between the candle bodies, their shadows (wicks), and the overall range.
The logic operates by analyzing every candle in your chart's history and breaking down its price movement into four primary components:
- High-Low Range: This tracks the total distance traveled by the price during a single period, from the absolute highest point to the absolute lowest point.
- Open-Close Range (Body): This isolates the actual "body" of the candle—the difference between where the price started and where it finished.
- Upward Shadow: This measures the distance of the upper wick. Depending on whether the candle closed higher or lower than its opening, the script identifies the distance from the body to the peak.
- Downward Shadow: Similarly, this measures the length of the lower wick (the distance from the body to the lowest point).
- Total Shadow Sum: This combines both the upward and downward shadows into a single figure to show the total "rejection" or volatility outside of the candle's main body.
How the Data is Processed: The script doesn't just give you the value for the current moment; it calculates a running average across the entire history of the chart. It gathers these values sequentially, accumulating them as it moves backward through time to create a smoothed historical perspective. By providing these five separate lines on your chart, the tool allows you to see how much of the price action is being driven by "real" movement (the body) versus "hésitation" or "rejection" (the shadows).
//+------------------------------------------------------------------+
//| Amplitude_All.mq4 |
//| Copyright © 2005, komposter |
//| mailto:komposterius@mail.ru |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, komposter"
#property link "mailto:komposterius@mail.ru"
#property indicator_separate_window
#property indicator_minimum 0
#property indicator_buffers 5
#property indicator_color1 Chartreuse
#property indicator_color2 Green
#property indicator_color3 Blue
#property indicator_color4 Red
#property indicator_color5 SlateGray
#property indicator_width2 2
#property indicator_style5 2
double buf0[]; //High-Low Average
double buf1[]; //Body Average
double buf2[]; //Up_Shadow Average
double buf3[]; //Down_Shadow Average
double buf4[]; //Summ_Shadow Average
int init()
{
// IndicatorShortName( "Amplitude(All history average) - " );
IndicatorShortName( "Ampltd(allHistAvg)HL,OC,(Hwg,Lwg)H+Lwg" );
IndicatorDigits ( 2 );
SetIndexBuffer ( 0 , buf0 );
SetIndexStyle ( 0 , DRAW_LINE, STYLE_DOT );
SetIndexDrawBegin ( 0 , 0 );
SetIndexLabel( 0 , "High-Low");
SetIndexBuffer ( 1 , buf1 );
SetIndexStyle ( 1 , DRAW_LINE, STYLE_DOT );
SetIndexDrawBegin ( 1 , 0 );
SetIndexLabel( 1 , "Open-Close");
SetIndexBuffer ( 2 , buf2 );
SetIndexStyle ( 2 , DRAW_LINE, STYLE_DOT );
SetIndexDrawBegin ( 2 , 0 );
SetIndexLabel( 2 , "Up_Shadow");
SetIndexBuffer ( 3 , buf3 );
SetIndexStyle ( 3 , DRAW_LINE, STYLE_DOT );
SetIndexDrawBegin ( 3 , 0 );
SetIndexLabel( 3 , "Down_Shadow");
SetIndexBuffer ( 4 , buf4 );
SetIndexStyle ( 4 , DRAW_LINE, STYLE_DOT );
SetIndexDrawBegin ( 4 , 0 );
SetIndexLabel( 4 , "Summ_Shadow");
return(0);
}
int start()
{
int counted_bars=IndicatorCounted();
if ( counted_bars < 0 ) { Print( "Indicator Error (Counted bars < 0)!" ); return(-1); }
if ( Bars < 100 ) { Print( "Indicator Error (bars < 100)!" ); return(-1); }
int limit = Bars - 1;
double buf_tmp = 0.0, buf_tmp1 = 0.0, buf_tmp2 = 0.0, buf_tmp3 = 0.0, buf_tmp4 = 0.0;
int bars = Bars, z, z1, z2, z3, z4;
double high, low, close, open, point = Point;
for ( int i = limit; i >= 0; i -- )
{
high = High[i]; low = Low[i]; close = Close[i]; open = Open[i];
buf_tmp += ( high - low ) / point;
buf0[i] = buf_tmp / ( bars - i + z );
if ( ( high - low ) / point == 0 ) z --;
buf_tmp1 += MathAbs( ( close - open ) ) / point;
buf1[i] = buf_tmp1 / ( bars - i + z1 );
if ( MathAbs( ( close - open ) ) / point == 0 ) z1 --;
if ( close - open >= 0 )
{
buf_tmp2 += ( high - close ) / point;
buf2[i] = buf_tmp2 / ( bars - i + z2 );
if ( ( high - close ) / point == 0 ) z2 --;
buf_tmp3 += ( open - low ) / point;
buf3[i] = buf_tmp3 / ( bars - i + z3 );
if ( ( open - low ) / point == 0 ) z3 --;
}
else
{
buf_tmp2 += ( high - open ) / point;
buf2[i] = buf_tmp2 / ( bars - i + z2 );
if ( ( high - open ) / point == 0 ) z2 --;
buf_tmp3 += ( close - low ) / point;
buf3[i] = buf_tmp3 / ( bars - i + z3 );
if ( ( close - low ) / point == 0 ) z3 --;
}
buf4[i] = buf2[i] + buf3[i];
}
return(0);
}
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