KI_signals1_H1+low_3-10-18_optimized_v1
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This script is a custom technical analysis tool designed for the MetaTrader platform. It functions as a trend-following signal generator that analyzes price movements across two different timeframes simultaneously to identify high-probability entry points.
Core Logic and Methodology
The tool operates on a "multi-timeframe" logic, meaning it doesn't just look at what is happening right now on your current chart; it cross-references data from a higher timeframe (specifically the 1-hour chart) to confirm trends for the lower timeframe (the 30-minute chart).
The calculation process follows these key steps:
1. Momentum Calculation The script calculates "histograms" by measuring the distance between two different types of moving averages. By subtracting a slower average from a faster one, the tool determines the momentum of the price. If the gap is widening, the trend is gaining strength; if it is narrowing, the trend is weakening.
2. Signal Smoothing To filter out "market noise" and prevent false signals caused by minor price fluctuations, the script applies a third layer of smoothing over the momentum data. This creates a stabilized line that represents the overall health of the trend.
3. Multi-Timeframe Trend Detection The indicator performs a specific scan on the 1-hour timeframe:
- It looks for "crossovers" where the smoothed momentum line moves from negative to positive (potential bullish trend) or from positive to negative (potential bearish trend).
- When these shifts occur on the hourly chart, the script marks these as primary directional anchors.
4. Execution Signal Generation Finally, the script looks at your current 30-minute chart. It checks the momentum data against the "anchors" established by the hourly chart:
- Buy Signals: When the hourly trend turns positive and the current price action confirms a bullish move, the script places an upward arrow on the chart.
- Sell Signals: When the hourly trend turns negative and the current price action confirms a bearish move, the script places a downward arrow on the chart.
Summary for the User
In simple terms, this script acts as a filter. It uses the 1-hour chart to determine the "big picture" direction of the market and then uses the 30-minute chart to pinpoint the exact moment it is safe to enter a trade in that direction. The resulting arrows on your screen represent moments where short-term momentum aligns with long-term trend shifts.
//+------------------------------------------------------------------+
//| KI_signals_v1.mq4 |
//| Kalenzo |
//| bartlomiej.gorski@gmail.com |
//+------------------------------------------------------------------+
#property copyright "Kalenzo"
#property link "bartlomiej.gorski@gmail.com"
//----
#property indicator_chart_window
#property indicator_buffers 8
#property indicator_color1 AliceBlue
#property indicator_color2 AliceBlue
#property indicator_color3 DarkViolet
#property indicator_color4 DarkViolet
#property indicator_level1 0
//----
extern int Length1 = 3;
extern int Length2 = 10;
extern int Length3 = 18;
// 60[min] = PERIOD_H1
int period = 60;
//----
double Histo[];
double MaHisto[];
double Histoh1[];
double MaHistoh1[];
double up[];
double dn[];
double uph1[];
double dnh1[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- additional buffers are used for counting
IndicatorBuffers(8);
SetIndexStyle(0,DRAW_ARROW,EMPTY,1);
SetIndexStyle(1,DRAW_ARROW,EMPTY,1);
SetIndexStyle(2,DRAW_ARROW,EMPTY,1);
SetIndexStyle(3,DRAW_ARROW,EMPTY,1);
SetIndexArrow(0,241);
SetIndexArrow(1,242);
SetIndexArrow(2,241);
SetIndexArrow(3,242);
// IndicatorDigits(6);
SetIndexBuffer(0,up);
SetIndexBuffer(1,dn);
SetIndexBuffer(2,uph1);
SetIndexBuffer(3,dnh1);
SetIndexBuffer(4,Histoh1);
SetIndexBuffer(5,MaHistoh1);
SetIndexBuffer(6,Histo);
SetIndexBuffer(7,MaHisto);
// IndicatorShortName("KI signals v1");
return(0);
}
int start()
{
int limit;
int counted_bars;// = IndicatorCounted();
int tmp, i, j, m;
// this is fro M30 (we are on it), but we want for H1
counted_bars = IndicatorCounted();
if(counted_bars<0) counted_bars=0;
if(counted_bars>0) counted_bars--;
// ----------- H1
// this is for H1, but counted_bars is for M30
// so...
limit = (Bars-counted_bars)/(period/Period()) + 1;
// limit=iBars(Symbol(),period)-1;//counted_bars;
for (i = 0 ;i <= limit ;i++)Histoh1[i] = iMA(Symbol(),period,Length1,0,MODE_EMA,PRICE_CLOSE,i) - iMA(Symbol(),period,Length2,0,MODE_EMA,PRICE_CLOSE,i);
for (j = 0 ;j <= limit ;j++)MaHistoh1[j] = iMAOnArray(Histoh1,0,Length3,0,MODE_EMA,j);
for (m = 0 ;m <= limit ;m++)
{
if(MaHistoh1[m+1] <= 0 && MaHistoh1[m]>0)
{
tmp = iTime (Symbol(),period,m);
for (j = 0; j < Bars; j++)
{
if (iTime(Symbol(),0,j) == tmp)
uph1[j-period/Period()+1] = iOpen(Symbol(),period,m)-(20*Point);
}
}
if(MaHistoh1[m+1] >= 0 && MaHistoh1[m]<0)
{
tmp = iTime (Symbol(),period,m);
for (j = 0; j < Bars; j++)
{
if (iTime(Symbol(),0,j) == tmp)
dnh1[j-period/Period()+1] = iOpen(Symbol(),period,m)+(20*Point);
}
}
}
// ----------- M30
counted_bars = IndicatorCounted();
//----
if(counted_bars<0) counted_bars=0;
if(counted_bars>0) counted_bars--;
//----
limit=Bars-counted_bars;
//----
for (i = 0 ;i <= limit ;i++)Histo[i] = iMA(Symbol(),0,Length1,0,MODE_EMA,PRICE_CLOSE,i) - iMA(Symbol(),0,Length2,0,MODE_EMA,PRICE_CLOSE,i);
for (j = 0 ;j <= limit ;j++)MaHisto[j] = iMAOnArray(Histo,0,Length3,0,MODE_EMA,j);
for (m = 0 ;m <= limit ;m++)
{
if(MaHisto[m+1] <= 0 && MaHisto[m]>0)
{
for (i = m+1; i < limit; i++)
{
if (uph1[i] != dnh1[i])
{
if (uph1[i] < dnh1[i])
up[m] = iOpen(Symbol(),0,m)-(20*Point);
else
break;
}
}
}
if(MaHisto[m+1] >= 0 && MaHisto[m]<0)
{
for (i = m+1; i < limit; i++)
{
if (uph1[i] != dnh1[i])
{
if (uph1[i] > dnh1[i])
dn[m] = iOpen(Symbol(),0,m)+(20*Point);
else
break;
}
}
}
}
return(0);
}
//+------------------------------------------------------------------+
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