Better_M5_diff_001

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Author: Copyright � 2007, MetaQuotes Software Corp.
Better_M5_diff_001

This script is designed as a technical analysis tool for the MetaTrader platform. Its primary purpose is to calculate and visualize the relative "spread" or distance between different Moving Averages (MA) on a specific timeframe. By focusing on the gap between these averages rather than just the price itself, it helps traders identify momentum and trend strength.

Core Logic Overview

The script operates by examining three specific Simple Moving Averages (SMAs) with different lengths: 5 periods, 10 periods, and 15 periods. Instead of plotting these lines directly on your main price chart, the script calculates the mathematical difference between them.

How it Works

  1. Timeframe Alignment: The script automatically aligns the data based on the timeframe you are currently viewing. It looks for the corresponding bars on a 5-minute chart to perform its calculations.
  2. Distance Calculation: For every point in time, the script calculates three distinct values:
    • The difference between the 5-period and 10-period averages.
    • The difference between the 10-period and 15-period averages.
    • The total difference between the 5-period and 15-period averages.
  3. Dynamic Options: The script allows you to choose which specific "gap" you want to see displayed in a separate window via an input setting (Option 0, 1, or 2). This gives you the flexibility to monitor different levels of trend acceleration:
    • Option 0: Shows the immediate momentum (the gap between the shortest and middle averages).
    • Option 1: Shows the secondary momentum (the gap between the middle and longest averages).
    • Option 2: Shows the total trend span (the gap between the shortest and longest averages).

Visual Output

The results are displayed in a separate window at the bottom of your trading platform. The output consists of three distinct lines, which allow you to see how these gaps expand or contract over time. When these gaps widen, it typically suggests increasing momentum; when they narrow, it may indicate a cooling of the trend or a potential period of consolidation.

Price Data Components
Series array that contains close prices for each bar
Indicators Used
Moving average indicator
Miscellaneous
Implements a curve of type %1
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Better_M5_diff_001 
//+------------------------------------------------------------------+
//|                                                   Better_MA.mq4  |
//|                      Copyright © 2007, MetaQuotes Software Corp. |
//|                                        http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2007, MetaQuotes Software Corp."
#property link      "http://www.metaquotes.net"

#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 Lime
#property indicator_color2 Aqua
#property indicator_color3 White



extern int NrBars=1000;
extern int Option=0;//0,1,2

string SymbolName;
int PeriodMinutes1=0;
int PeriodMinutes5=PERIOD_M5;
int PeriodMinutes60=PERIOD_H1;
int PeriodMinutes240=PERIOD_H4;


//---- buffers
double VolBuffer1[];
double VolBuffer2[];
double VolBuffer3[];
double x0,x1,x2,x3,x4,x5,x6,x7,x8,x9;
double y0,y1,y2,y3,y4,y5,y6,y7,y8,y9;
double z0,z1,z2,z3,z4,z5,z6,z7,z8,z9;

double at0,at1,at2,at3,at4,at5,at6,at7,at8;
double at9,at10,at11,at12,at13,at14,at15,at16,at17;
double at18,at19,at20,at21,at22,at23,at24,at25,at26;

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

int init()
  {


    SymbolName = Symbol();


   IndicatorBuffers(3);
   
   SetIndexStyle(0,DRAW_LINE,0,1);
   SetIndexBuffer(0, VolBuffer1);

   SetIndexEmptyValue(0,EMPTY_VALUE);
   
   SetIndexStyle(1,DRAW_LINE,0,1);
   SetIndexBuffer(1, VolBuffer2);

   SetIndexEmptyValue(1,EMPTY_VALUE);
   
   SetIndexStyle(2,DRAW_LINE,0,1);
   SetIndexBuffer(2, VolBuffer3);

   SetIndexEmptyValue(2,EMPTY_VALUE);

   return(0);
  }


//+------------------------------------------------------------------+
//| Custor indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {

  }

//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {

   for (int i=NrBars-1;i>=0;i--)
      {
      datetime time1=iTime(SymbolName,PeriodMinutes1,i);
      
      int b5=iBarShift(SymbolName,PeriodMinutes5,time1,true);
/*
      int b60=iBarShift(SymbolName,PeriodMinutes60,time1,true);
      int b240=iBarShift(SymbolName,PeriodMinutes240,time1,true);
*/    

      if(b5>=0)
      {
        x0=iClose(SymbolName,PeriodMinutes5,b5);   
           
        x1=iMA(SymbolName,PeriodMinutes5,5,0,MODE_SMA,PRICE_CLOSE,b5);
        x2=iMA(SymbolName,PeriodMinutes5,10,0,MODE_SMA,PRICE_CLOSE,b5);
        x3=iMA(SymbolName,PeriodMinutes5,15,0,MODE_SMA,PRICE_CLOSE,b5);
        
        at0=x1-x2;
        at1=x2-x3;
        at2=x1-x3;

        y1=iMA(SymbolName,PeriodMinutes5,5,0,MODE_SMA,PRICE_CLOSE,b5+1);
        y2=iMA(SymbolName,PeriodMinutes5,10,0,MODE_SMA,PRICE_CLOSE,b5+1);
        y3=iMA(SymbolName,PeriodMinutes5,15,0,MODE_SMA,PRICE_CLOSE,b5+1);

        at9=y1-y2;
        at10=y2-y3;
        at11=y1-y3;

        z1=iMA(SymbolName,PeriodMinutes5,5,0,MODE_SMA,PRICE_CLOSE,b5+2);
        z2=iMA(SymbolName,PeriodMinutes5,10,0,MODE_SMA,PRICE_CLOSE,b5+2);
        z3=iMA(SymbolName,PeriodMinutes5,15,0,MODE_SMA,PRICE_CLOSE,b5+2);

        at18=z1-z2;
        at19=z2-z3;
        at20=z1-z3;        
      }
/*      
      if(b60>=0)
      {        
        x4=iMA(SymbolName,PeriodMinutes60,5,0,MODE_SMA,PRICE_CLOSE,b60);
        x5=iMA(SymbolName,PeriodMinutes60,10,0,MODE_SMA,PRICE_CLOSE,b60);
        x6=iMA(SymbolName,PeriodMinutes60,15,0,MODE_SMA,PRICE_CLOSE,b60);

        at3=x4-x5;
        at4=x5-x6;
        at5=x4-x6;
        
        y4=iMA(SymbolName,PeriodMinutes60,5,0,MODE_SMA,PRICE_CLOSE,b60+1);
        y5=iMA(SymbolName,PeriodMinutes60,10,0,MODE_SMA,PRICE_CLOSE,b60+1);
        y6=iMA(SymbolName,PeriodMinutes60,15,0,MODE_SMA,PRICE_CLOSE,b60+1);

        at12=y4-y5;
        at13=y5-y6;
        at14=y4-y6;
        
        z4=iMA(SymbolName,PeriodMinutes60,5,0,MODE_SMA,PRICE_CLOSE,b60+2);
        z5=iMA(SymbolName,PeriodMinutes60,10,0,MODE_SMA,PRICE_CLOSE,b60+2);
        z6=iMA(SymbolName,PeriodMinutes60,15,0,MODE_SMA,PRICE_CLOSE,b60+2);

        at21=z4-z5;
        at22=z5-z6;
        at23=z4-z6;        
      }       
      if(b240>=0)
      {             
        x7=iMA(SymbolName,PeriodMinutes240,5,0,MODE_SMA,PRICE_CLOSE,b240);
        x8=iMA(SymbolName,PeriodMinutes240,10,0,MODE_SMA,PRICE_CLOSE,b240);
        x9=iMA(SymbolName,PeriodMinutes240,15,0,MODE_SMA,PRICE_CLOSE,b240);
        at6=x7-x8;
        at7=x8-x9;
        at8=x7-x9;
        y7=iMA(SymbolName,PeriodMinutes240,5,0,MODE_SMA,PRICE_CLOSE,b240+1);
        y8=iMA(SymbolName,PeriodMinutes240,10,0,MODE_SMA,PRICE_CLOSE,b240+1);
        y9=iMA(SymbolName,PeriodMinutes240,15,0,MODE_SMA,PRICE_CLOSE,b240+1);

        at15=y7-y8;
        at16=y8-y9;
        at17=y7-y9;
        z7=iMA(SymbolName,PeriodMinutes240,5,0,MODE_SMA,PRICE_CLOSE,b240+2);
        z8=iMA(SymbolName,PeriodMinutes240,10,0,MODE_SMA,PRICE_CLOSE,b240+2);
        z9=iMA(SymbolName,PeriodMinutes240,15,0,MODE_SMA,PRICE_CLOSE,b240+2);
        at24=z7-z8;
        at25=z8-z9;
        at26=z7-z9;
      }
*/  
   if(Option==0)
   {  
	  VolBuffer1[i]=at0; 
 	  VolBuffer2[i]=at1;   
 	  VolBuffer3[i]=at2;      
 	}
 	else if(Option==1)
   {   
	  VolBuffer1[i]=at9; 
 	  VolBuffer2[i]=at10;   
 	  VolBuffer3[i]=at11;      
 	}
 	else if(Option==2)
   {    
	  VolBuffer1[i]=at18; 
 	  VolBuffer2[i]=at19;   
 	  VolBuffer3[i]=at20; 
 	}
 	  
  
  }
  
 
   
		

   
   return(0);
  }
//+------------------------------------------------------------------+

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