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Balance_of_Power
//+------------------------------------------------------------------+
//| Balance of Power.mq5 |
//| Copyright 2012, RoboFx |
//| http://www.robofx.org |
//+------------------------------------------------------------------+
#property copyright "Copyright 2012, RoboFx"
#property link "http://www.robofx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 1
//--- plot BoP
#property indicator_label1 "BOP"
#property indicator_type1 DRAW_COLOR_HISTOGRAM
#property indicator_color1 clrSteelBlue,C'0,0,0'
#property indicator_style1 STYLE_SOLID
#property indicator_width1 2
#include <MovingAverages.mqh> //--- include moving averages methods
input int BOP_Period = 14; //--- smoothing period
//--- indicator buffers
double Buffer1[]; //--- raw data buffer
double BOP[]; //--- main indicator buffer
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int OnInit()
{
//--- setting dynamic arrays as indicator buffers
SetIndexBuffer(0,BOP,INDICATOR_DATA);
SetIndexBuffer(1,Buffer1,INDICATOR_CALCULATIONS);
//--- setting the accuracy for indicator values
IndicatorSetInteger(INDICATOR_DIGITS,_Digits);
// --- setting the indicator name to be displayed in a separate subwindow
IndicatorSetString(INDICATOR_SHORTNAME,"Balance of Power ("+string(BOP_Period)+")");
//---
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int OnCalculate(const int rates_total,
const int prev_calculated,
const datetime &time[],
const double &open[],
const double &high[],
const double &low[],
const double &close[],
const long &tick_volume[],
const long &volume[],
const int &spread[])
{
//---
int start;
//--- check for data
if(rates_total < BOP_Period) return(0);
//--- calculations of the starting number limit for the bar recalculation loop
//--- recalculate the last bar
if(prev_calculated > 1) start = prev_calculated-1;
else
{
start = 1;
}
//--- main indicator calculation loop
for(int i=start;i<rates_total && !IsStopped();i++)
{
//--- avoid zero divide problem in case high == low
if((high[i]-low[i]) > 0.0)
{
//--- calculate raw balance of power for the i-th bar
Buffer1[i] = (close[i]-open[i])/(high[i]-low[i]);
}
else Buffer1[i] = 0;
}
// --- smoothing the indicator data using simple moving average
SimpleMAOnBuffer(rates_total,prev_calculated,0,BOP_Period,Buffer1,BOP);
//--- return value of prev_calculated for next call
return(rates_total);
}
//+------------------------------------------------------------------+
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