future_indicator
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This tool is designed to provide traders with a visual representation of market trends and potential entry points by combining three distinct mathematical concepts into a single indicator. By blending different types of moving averages and price actions, it filters out market "noise" to highlight the underlying momentum.
Core Logic Breakdown
1. Dynamic Moving Averages The script begins by calculating smoothed price data. Depending on your settings, it can use standard moving averages or a more sophisticated calculation known as a "T3" indicator. The T3 is specifically designed to reduce lag—the delay between a price move and the indicator's reaction—while maintaining a smooth line. It does this by applying multiple layers of weighted calculations to the current market prices (Open, High, Low, and Close).
2. Hybrid Price Construction (Heikin-Ashi Influence) Instead of simply plotting these moving averages as lines, the script treats them like "Heikin-Ashi" candles. It takes the average of the previous price values to determine "Opening" and "Closing" points for the current calculation.
- If the current calculated close is higher than the open, it creates an upward momentum profile.
- If it is lower, it creates a downward momentum profile. This allows the indicator to show a continuous flow of price movement rather than jagged, erratic jumps.
3. Volatility Smoothing (Step Filter) The logic includes a "Step" feature. This acts as a stabilizer; if the price change between one candle and the next is too small (less than your defined threshold), the script maintains the previous value. This prevents the indicator from flickering or reacting to tiny, insignificant price ticks that don't represent a real trend change.
4. Trend Reversal Detection & Alerts The primary goal of the logic is to identify when momentum shifts direction. The script monitors for "crossovers":
- Buy Signals: Triggered when the momentum shifts from a bearish state to a bullish state (where the current price position crosses above its previous level).
- Sell Signals: Triggered when the momentum shifts from a bullish state to a bearish state.
When these specific crossovers occur, the script can place visual arrows on your chart and trigger a real-time notification alert, informing you of a potential trend reversal for the specific symbol and timeframe you are viewing.
//+------------------------------------------------------------------+
//| Future_Indicator.mq4 |
//| Future_Capital |
//| https://ru.tradingview.com/u/Future_Capital/ |
//+------------------------------------------------------------------+
#property copyright "Future_Capital "
#property link "https://ru.tradingview.com/u/Future_Capital/"
#property version "5.00"
#property indicator_chart_window
//----
#property indicator_buffers 6
#property indicator_color1 Red
#property indicator_color2 Blue
#property indicator_color3 Red
#property indicator_color4 Blue
#property indicator_color5 Lime
#property indicator_color6 Magenta
#property indicator_width1 1
#property indicator_width2 1
#property indicator_width3 1
#property indicator_width4 1
#property indicator_width5 1
#property indicator_width6 1
//---- parameters
extern int MaPeriod=50;
extern int MaMetod =1;
extern int Step=0;
extern int CountBars=4000;
extern bool UseT3=true;
extern double b=0.88;
extern bool Alerts=false;
//---- buffers
double ExtMapBuffer1[];
double ExtMapBuffer2[];
double ExtMapBuffer3[];
double ExtMapBuffer4[];
double UpArrow[];
double DnArrow[];
//----
double e1,e2,e3,e4,e5,e6;
double c1,c2,c3,c4;
double n,w1,w2,b2,b3;
//----
int ExtCountedBars=0;
static bool TurnedUp=false;
static bool TurnedDown=false;
datetime timeprev=0;
//----
int init()
{
//---- indicators
IndicatorBuffers(6);
SetIndexStyle(0,DRAW_HISTOGRAM);
SetIndexBuffer(0, ExtMapBuffer1);
SetIndexStyle(1,DRAW_HISTOGRAM);
SetIndexBuffer(1, ExtMapBuffer2);
SetIndexStyle(2,DRAW_HISTOGRAM);
SetIndexBuffer(2, ExtMapBuffer3);
SetIndexStyle(3,DRAW_HISTOGRAM);
SetIndexBuffer(3, ExtMapBuffer4);
SetIndexBuffer(4, UpArrow);
SetIndexStyle(4,DRAW_ARROW);
SetIndexArrow(4,233);
SetIndexBuffer(5,DnArrow);
SetIndexStyle(5,DRAW_ARROW);
SetIndexArrow(5,234);
//---- indicator buffers mapping
SetIndexBuffer(0,ExtMapBuffer1);
SetIndexBuffer(1,ExtMapBuffer2);
SetIndexBuffer(2,ExtMapBuffer3);
SetIndexBuffer(3,ExtMapBuffer4);
SetIndexBuffer(4,UpArrow);
SetIndexBuffer(5,DnArrow);
//---- variable reset
e1=0; e2=0; e3=0; e4=0; e5=0; e6=0;
c1=0; c2=0; c3=0; c4=0;
n=0;
w1=0; w2=0;
b2=0; b3=0;
b2=b*b;
b3=b2*b;
c1=-b3;
c2=(3*(b2+b3));
c3=-3*(2*b2+b+b3);
c4=(1+3*b+b3+3*b2);
n=MaPeriod;
if (n<1) n=1;
n=1 + 0.5*(n-1);
w1=2/(n + 1);
w2=1 - w1;
Comment ("Çàéäè ñþäà --> ru.tradingview.com/u/Future_Capital/");
return(0);
}
//----
int start()
{
if(timeprev<iTime(NULL,0,0)) {TurnedDown=false; TurnedUp=false;timeprev=iTime(NULL,0,0);}
if (CountBars>Bars-1) CountBars=Bars-1;
double maOpen, maClose, maLow, maHigh;
double haOpen, haHigh, haLow, haClose;
if(Bars<=10) return(0);
//ExtCountedBars=IndicatorCounted();
//---- check for possible errors
//if (ExtCountedBars<0) return(-1);
//---- last counted bar will be recounted
//if (ExtCountedBars>0) ExtCountedBars--;
int pos=CountBars;//-ExtCountedBars-1;
while(pos>=0)
{
if (UseT3)
{
maOpen=CalcT3(Open[pos]);
maClose=CalcT3(Close[pos]);
maLow=CalcT3(Low[pos]);
maHigh=CalcT3(High[pos]);
}
else
if (!UseT3)
{
maOpen=iMA(NULL,0,MaPeriod,0,MaMetod,PRICE_OPEN,pos);
maClose=iMA(NULL,0,MaPeriod,0,MaMetod,PRICE_CLOSE,pos);
maLow=iMA(NULL,0,MaPeriod,0,MaMetod,PRICE_LOW,pos);
maHigh=iMA(NULL,0,MaPeriod,0,MaMetod,PRICE_HIGH,pos);
}
haClose=(maOpen+maHigh+maLow+maClose)/4;
//haClose=(maOpen+maClose)/2+(((maClose-maOpen)/(maHigh-maLow))*MathAbs((maClose-maOpen)/2));
haOpen=(ExtMapBuffer3[pos+1]+ExtMapBuffer4[pos+1])/2;
haHigh=MathMax(maHigh, MathMax(haOpen, haClose));
haLow=MathMin(maLow, MathMin(haOpen, haClose));
if (haOpen<haClose)
{
ExtMapBuffer1[pos]=haLow;
ExtMapBuffer2[pos]=haHigh;
}
else
{
ExtMapBuffer1[pos]=haHigh;
ExtMapBuffer2[pos]=haLow;
}
ExtMapBuffer3[pos]=haOpen;
ExtMapBuffer4[pos]=haClose;
if (Step>0) if(MathAbs(ExtMapBuffer1[pos]-ExtMapBuffer1[pos+1]) < Step*Point)ExtMapBuffer1[pos]=ExtMapBuffer1[pos+1];
if (Step>0) if(MathAbs(ExtMapBuffer2[pos]-ExtMapBuffer2[pos+1]) < Step*Point)ExtMapBuffer2[pos]=ExtMapBuffer2[pos+1];
if (Step>0) if(MathAbs(ExtMapBuffer3[pos]-ExtMapBuffer3[pos+1]) < Step*Point)ExtMapBuffer3[pos]=ExtMapBuffer3[pos+1];
if (Step>0) if(MathAbs(ExtMapBuffer4[pos]-ExtMapBuffer4[pos+1]) < Step*Point)ExtMapBuffer4[pos]=ExtMapBuffer4[pos+1];
if (Alerts==true)
{
UpArrow[pos]=EMPTY_VALUE; DnArrow[pos]=EMPTY_VALUE;
if (ExtMapBuffer3[pos]<ExtMapBuffer4[pos] && ExtMapBuffer4[pos+1]<ExtMapBuffer3[pos+1])
{
UpArrow[pos]=ExtMapBuffer4[pos+1]-(Ask-Bid);
if (UpArrow[0]!=EMPTY_VALUE && TurnedUp==false)
{
Alert("HAMa BUY: ",Symbol()," - ",Period()," at ", Close[0]," - ", TimeToStr(CurTime(),TIME_SECONDS));
TurnedDown=false;
TurnedUp=true;
}
}
if (ExtMapBuffer3[pos]>ExtMapBuffer4[pos] && ExtMapBuffer4[pos+1]>ExtMapBuffer3[pos+1])
{
DnArrow[pos]=ExtMapBuffer4[pos+1]+(Ask-Bid);
if (DnArrow[0]!=EMPTY_VALUE && TurnedDown==false)
{
Alert("HAMa SELL: ",Symbol()," - ",Period()," at ", Close[0]," - ", TimeToStr(CurTime(),TIME_SECONDS));
TurnedUp=false;
TurnedDown=true;
}
}
}
pos--;
}
//----
return(0);
}
//----
double CalcT3(double CalcPrice)
{
e1=w1*CalcPrice+w2*e1;
e2=w1*e1 + w2*e2;
e3=w1*e2 + w2*e3;
e4=w1*e3 + w2*e4;
e5=w1*e4 + w2*e5;
e6=w1*e5 + w2*e6;
double T3=c1*e6 + c2*e5 + c3*e4 + c4*e3;
return(T3);
}
//----
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