Digits_comment_v1

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Author: Copyright 2002, Finware.ru Ltd.
Digits_comment_v1

This script functions as a specialized technical analysis tool designed to generate and display four distinct custom data lines on a trading chart. Its primary purpose is to process historical price information and convert it into specific numerical values that represent various mathematical "profiles" of the market.

How the Logic Works

The core logic of this tool relies on a method called Weighted Linear Combination. Instead of simply looking at the current price or a basic average, the script looks back at a specific window of historical data (specifically the closing prices) and assigns a unique weight to each previous price point.

Here is the breakdown of how it processes that information:

  • Data Processing: For every single data point on your chart, the script examines a series of past closing prices.
  • Unique Mathematical Profiles: The script calculates four different values simultaneously (labeled as FATL, SATL, RSTL, and RFTL). Each of these labels uses its own unique set of "weights"—some are positive, some are negative, and they vary in intensity.
    • One profile might place heavy emphasis on very recent prices while slightly subtracting the influence of older prices.
    • Another profile might distribute weights more evenly across a longer period.
    • A third might focus on a specific "sweet spot" in the past to highlight certain trends.
  • Dynamic Calculation: Because these weights are hard-coded into the script, the tool performs a complex multi-step calculation for every bar on the chart to determine where these four lines should sit at any given moment in time.

User Experience and Output

From a user perspective, the script does not just provide a single moving average; it provides a sophisticated "snapshot" of price behavior based on four different mathematical perspectives.

  • Visual Representation: The script draws four distinct lines on your trading window, allowing you to see how these different calculations react to market movements in real-time.
  • On-Screen Data: In addition to the visual lines, the script provides a text summary in the corner of your chart. This displays the exact numerical value for all four profiles (FATL, SATL, RSTL, and RFTL) for the most recent data point.
  • Customization: You can adjust the CountBars setting to determine how much historical data the script "sees" when calculating its starting positions on the chart.

In summary, this tool is a conversion engine. It takes raw historical price data and transforms it into four unique analytical indicators by applying complex, pre-defined mathematical weights to the price history.

Miscellaneous
Implements a curve of type %1
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Digits_comment_v1 
/*-----------------------------+
|			       |
| Shared by www.Aptrafx.com    |
|			       |
+------------------------------*/

//+------------------------------------------------------------------+
//| Digits_Comment.mq4 
//| Ramdass - Conversion only
//+------------------------------------------------------------------+
#property copyright "Copyright 2002, Finware.ru Ltd."
#property link "http://www.finware.ru/"

#property indicator_chart_window
#property indicator_buffers 4
#property indicator_color1 Blue
#property indicator_color2 SteelBlue
#property indicator_color3 DarkViolet
#property indicator_color4 Red

extern int CountBars=300;
//---- buffers
double FATLBuffer[];
double SATLBuffer[];
double RSTLBuffer[];
double RFTLBuffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
   string short_name;
//---- indicator line
   IndicatorBuffers(4);
   SetIndexStyle(0,DRAW_LINE);
   SetIndexBuffer(0,FATLBuffer);
   SetIndexLabel(0,"FATL");
   SetIndexStyle(1,DRAW_LINE);
   SetIndexBuffer(1,SATLBuffer);
   SetIndexLabel(1,"SATL");
   SetIndexStyle(2,DRAW_LINE);
   SetIndexBuffer(2,RSTLBuffer);
   SetIndexLabel(2,"RSTL");
   SetIndexStyle(3,DRAW_LINE);
   SetIndexBuffer(3,RFTLBuffer);
   SetIndexLabel(3,"RFTL");
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom                                                           |
//+------------------------------------------------------------------+
int start()
  {
   SetIndexDrawBegin(0,Bars-CountBars+38);
   SetIndexDrawBegin(1,Bars-CountBars+64);
   SetIndexDrawBegin(2,Bars-CountBars+98);
   SetIndexDrawBegin(3,Bars-CountBars+44);
   int i,counted_bars=IndicatorCounted();
//----
   if(Bars<=38) return(0);
//---- initial zero
   if(counted_bars<38)
      for(i=1;i<=0;i++) FATLBuffer[CountBars-i]=0.0;
//----
   i=CountBars-38-1;
//   if(counted_bars>=38) i=Bars-counted_bars-1;
   while(i>=0)
     {
      FATLBuffer[i]=
0.4360409450*Close[i+0]
+0.3658689069*Close[i+1]
+0.2460452079*Close[i+2]
+0.1104506886*Close[i+3]
-0.0054034585*Close[i+4]
-0.0760367731*Close[i+5]
-0.0933058722*Close[i+6]
-0.0670110374*Close[i+7]
-0.0190795053*Close[i+8]
+0.0259609206*Close[i+9]
+0.0502044896*Close[i+10]
+0.0477818607*Close[i+11]
+0.0249252327*Close[i+12]
-0.0047706151*Close[i+13]
-0.0272432537*Close[i+14]
-0.0338917071*Close[i+15]
-0.0244141482*Close[i+16]
-0.0055774838*Close[i+17]
+0.0128149838*Close[i+18]
+0.0226522218*Close[i+19]
+0.0208778257*Close[i+20]
+0.0100299086*Close[i+21]
-0.0036771622*Close[i+22]
-0.0136744850*Close[i+23]
-0.0160483392*Close[i+24]
-0.0108597376*Close[i+25]
-0.0016060704*Close[i+26]
+0.0069480557*Close[i+27]
+0.0110573605*Close[i+28]
+0.0095711419*Close[i+29]
+0.0040444064*Close[i+30]
-0.0023824623*Close[i+31]
-0.0067093714*Close[i+32]
-0.0072003400*Close[i+33]
-0.0047717710*Close[i+34]
+0.0005541115*Close[i+35]
+0.0007860160*Close[i+36]
+0.0130129076*Close[i+37]
+0.0040364019*Close[i+38];



SATLBuffer[i]=
0.0982862174*Close[i+0]
+0.0975682269*Close[i+1]
+0.0961401078*Close[i+2]
+0.0940230544*Close[i+3]
+0.0912437090*Close[i+4]
+0.0878391006*Close[i+5]
+0.0838544303*Close[i+6]
+0.0793406350*Close[i+7]
+0.0743569346*Close[i+8]
+0.0689666682*Close[i+9]
+0.0632381578*Close[i+10]
+0.0572428925*Close[i+11]
+0.0510534242*Close[i+12]
+0.0447468229*Close[i+13]
+0.0383959950*Close[i+14]
+0.0320735368*Close[i+15]
+0.0258537721*Close[i+16]
+0.0198005183*Close[i+17]
+0.0139807863*Close[i+18]
+0.0084512448*Close[i+19]
+0.0032639979*Close[i+20]
-0.0015350359*Close[i+21]
-0.0059060082*Close[i+22]
-0.0098190256*Close[i+23]
-0.0132507215*Close[i+24]
-0.0161875265*Close[i+25]
-0.0186164872*Close[i+26]
-0.0205446727*Close[i+27]
-0.0219739146*Close[i+28]
-0.0229204861*Close[i+29]
-0.0234080863*Close[i+30]
-0.0234566315*Close[i+31]
-0.0231017777*Close[i+32]
-0.0223796900*Close[i+33]
-0.0213300463*Close[i+34]
-0.0199924534*Close[i+35]
-0.0184126992*Close[i+36]
-0.0166377699*Close[i+37]
-0.0147139428*Close[i+38]
-0.0126796776*Close[i+39]
-0.0105938331*Close[i+40]
-0.0084736770*Close[i+41]
-0.0063841850*Close[i+42]
-0.0043466731*Close[i+43]
-0.0023956944*Close[i+44]
-0.0005535180*Close[i+45]
+0.0011421469*Close[i+46]
+0.0026845693*Close[i+47]
+0.0040471369*Close[i+48]
+0.0052380201*Close[i+49]
+0.0062194591*Close[i+50]
+0.0070340085*Close[i+51]
+0.0076266453*Close[i+52]
+0.0080376628*Close[i+53]
+0.0083037666*Close[i+54]
+0.0083694798*Close[i+55]
+0.0082901022*Close[i+56]
+0.0080741359*Close[i+57]
+0.0077543820*Close[i+58]
+0.0073260526*Close[i+59]
+0.0068163569*Close[i+60]
+0.0062325477*Close[i+61]
+0.0056078229*Close[i+62]
+0.0049516078*Close[i+63]
+0.0161380976*Close[i+64];



RSTLBuffer[i]=
-0.00514293*Close[i+0]
-0.00398417*Close[i+1]
-0.00262594*Close[i+2]
-0.00107121*Close[i+3]
+0.00066887*Close[i+4]
+0.00258172*Close[i+5]
+0.00465269*Close[i+6]
+0.00686394*Close[i+7]
+0.00919334*Close[i+8]
+0.01161720*Close[i+9]
+0.01411056*Close[i+10]
+0.01664635*Close[i+11]
+0.01919533*Close[i+12]
+0.02172747*Close[i+13]
+0.02421320*Close[i+14]
+0.02662203*Close[i+15]
+0.02892446*Close[i+16]
+0.03109071*Close[i+17]
+0.03309496*Close[i+18]
+0.03490921*Close[i+19]
+0.03651145*Close[i+20]
+0.03788045*Close[i+21]
+0.03899804*Close[i+22]
+0.03984915*Close[i+23]
+0.04042329*Close[i+24]
+0.04071263*Close[i+25]
+0.04071263*Close[i+26]
+0.04042329*Close[i+27]
+0.03984915*Close[i+28]
+0.03899804*Close[i+29]
+0.03788045*Close[i+30]
+0.03651145*Close[i+31]
+0.03490921*Close[i+32]
+0.03309496*Close[i+33]
+0.03109071*Close[i+34]
+0.02892446*Close[i+35]
+0.02662203*Close[i+36]
+0.02421320*Close[i+37]
+0.02172747*Close[i+38]
+0.01919533*Close[i+39]
+0.01664635*Close[i+40]
+0.01411056*Close[i+41]
+0.01161720*Close[i+42]
+0.00919334*Close[i+43]
+0.00686394*Close[i+44]
+0.00465269*Close[i+45]
+0.00258172*Close[i+46]
+0.00066887*Close[i+47]
-0.00107121*Close[i+48]
-0.00262594*Close[i+49]
-0.00398417*Close[i+50]
-0.00514293*Close[i+51]
-0.00609634*Close[i+52]
-0.00684602*Close[i+53]
-0.00739452*Close[i+54]
-0.00774847*Close[i+55]
-0.00791630*Close[i+56]
-0.00790940*Close[i+57]
-0.00774085*Close[i+58]
-0.00742482*Close[i+59]
-0.00697718*Close[i+60]
-0.00641613*Close[i+61]
-0.00576108*Close[i+62]
-0.00502957*Close[i+63]
-0.00423873*Close[i+64]
-0.00340812*Close[i+65]
-0.00255923*Close[i+66]
-0.00170217*Close[i+67]
-0.00085902*Close[i+68]
-0.00004113*Close[i+69]
+0.00073700*Close[i+70]
+0.00146422*Close[i+71]
+0.00213007*Close[i+72]
+0.00272649*Close[i+73]
+0.00324752*Close[i+74]
+0.00368922*Close[i+75]
+0.00405000*Close[i+76]
+0.00433024*Close[i+77]
+0.00453068*Close[i+78]
+0.00465046*Close[i+79]
+0.00469058*Close[i+80]
+0.00466041*Close[i+81]
+0.00457855*Close[i+82]
+0.00442491*Close[i+83]
+0.00423019*Close[i+84]
+0.00399201*Close[i+85]
+0.00372169*Close[i+86]
+0.00342736*Close[i+87]
+0.00311822*Close[i+88]
+0.00280309*Close[i+89]
+0.00249088*Close[i+90]
+0.00219089*Close[i+91]
+0.00191283*Close[i+92]
+0.00166683*Close[i+93]
+0.00146419*Close[i+94]
+0.00131867*Close[i+95]
+0.00124645*Close[i+96]
+0.00126836*Close[i+97]
-0.00401854*Close[i+98];
      


      RFTLBuffer[i]=
-0.02232324*Close[i+0]
+0.02268676*Close[i+1]
+0.08389067*Close[i+2]
+0.14630380*Close[i+3]
+0.19282649*Close[i+4]
+0.21002638*Close[i+5]
+0.19282649*Close[i+6]
+0.14630380*Close[i+7]
+0.08389067*Close[i+8]
+0.02268676*Close[i+9]
-0.02232324*Close[i+10]
-0.04296564*Close[i+11]
-0.03980614*Close[i+12]
-0.02082171*Close[i+13]
+0.00243636*Close[i+14]
+0.01950580*Close[i+15]
+0.02460929*Close[i+16]
+0.01799295*Close[i+17]
+0.00470540*Close[i+18]
-0.00831985*Close[i+19]
-0.01544722*Close[i+20]
-0.01456262*Close[i+21]
-0.00733980*Close[i+22]
+0.00201852*Close[i+23]
+0.00902504*Close[i+24]
+0.01093067*Close[i+25]
+0.00766099*Close[i+26]
+0.00145478*Close[i+27]
-0.00447175*Close[i+28]
-0.00750446*Close[i+29]
-0.00671646*Close[i+30]
-0.00304016*Close[i+31]
+0.00143433*Close[i+32]
+0.00457475*Close[i+33]
+0.00517589*Close[i+34]
+0.00336708*Close[i+35]
+0.00034406*Close[i+36]
-0.00233637*Close[i+37]
-0.00352280*Close[i+38]
-0.00293522*Close[i+39]
-0.00114249*Close[i+40]
+0.00083536*Close[i+41]
+0.00215524*Close[i+42]
+0.00604133*Close[i+43]
-0.00013046*Close[i+44];

Comment("FATL=",FATLBuffer[i],"\n","SATL=",SATLBuffer[i],"\n","RSTL=",RSTLBuffer[i],"\n","RFTL=",RFTLBuffer[i] );
   


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

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