MA_Support_SAR
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This script is designed as a multi-timeframe analysis tool for the MetaTrader 4 platform. Its primary purpose is to allow traders to visualize key technical indicators across four different timeframes simultaneously on a single chart, specifically when viewing the 1-minute (M1) chart.
Core Functionality
The script calculates and displays two distinct types of technical data: Moving Averages (MA) and Parabolic SAR (Stop and Reverse). By overlaying these, the tool provides a comprehensive view of market trends across different speeds:
- Moving Averages: These lines represent the average price over a specific period. They help identify the general direction of the market and smooth out short-term "noise."
- Parabolic SAR: This indicator appears as dots on the chart. It is primarily used to identify potential trend reversals and provide signals for where a trader might place a stop-loss or enter a new position.
Multi-Timeframe Integration
The unique logic of this script lies in its ability to "compress" higher timeframes into the 1-minute view. While you are looking at 1-minute price action, the script automatically calculates and draws the following data for you:
- M1 (1 Minute): Real-time data for the current chart.
- M5 (5 Minutes): Trends from a 5-minute perspective.
- H1 (1 Hour): Trends from a 1-hour perspective.
- D1 (Daily): Long-term trends from a daily perspective.
How it Works for the User
To ensure accuracy, the script includes a safety check: it is specifically designed to run on a 1-Minute chart. If you open any other timeframe, the script will display a notification message letting you know it requires the M1 period to function correctly.
When active on the correct chart, the script performs a continuous calculation of these eight different data points (4 Moving Averages and 4 Parabolic SAR values). It aligns them mathematically so that you can see how the immediate momentum of the 1-minute price interacts with the broader trends of the hour or even the day. This allows for "top-down" analysis, helping you determine if a short-term move is supported by the larger market structure.
/*------------------------------------------------------------------+
| MA_Support_SAR.mq4 |
| Copyright © 2010 |
| basisforex@gmail.com |
+------------------------------------------------------------------*/
#property copyright "Copyright © 2010, basisforex@gmail.com"
#property link "basisforex@gmail.com"
//-----
#property indicator_chart_window
#property indicator_buffers 8
#property indicator_color1 White
#property indicator_color2 Yellow
#property indicator_color3 Blue
#property indicator_color4 Black
#property indicator_color5 White
#property indicator_color6 Yellow
#property indicator_color7 Blue
#property indicator_color8 Black
//-----
extern int M1Period = 13;
extern int M5Period = 13;
extern int H1Period = 13;
extern int D1Period = 13;
//-----
extern int MaShift = 0;
extern int MODE_Ma = 3;
extern int PRICE_Ma = 6;
//-----
extern double Step = 0.02;
extern double Maximum = 0.2;
//-----
double M1ma[];
double M5ma[];
double H1ma[];
double D1ma[];
double M1sar[];
double M5sar[];
double H1sar[];
double D1sar[];
//+------------------------------------------------------------------+
int init()
{
SetIndexShift(0, MaShift);
SetIndexShift(1, MaShift);
SetIndexShift(2, MaShift);
SetIndexShift(3, MaShift);
SetIndexShift(4, MaShift);
SetIndexShift(5, MaShift);
SetIndexShift(6, MaShift);
SetIndexShift(7, MaShift);
//-----
SetIndexBuffer(0, M1ma);
SetIndexBuffer(1, M5ma);
SetIndexBuffer(2, H1ma);
SetIndexBuffer(3, D1ma);
SetIndexBuffer(4, M1sar);
SetIndexBuffer(5, M5sar);
SetIndexBuffer(6, H1sar);
SetIndexBuffer(7, D1sar);
//-----
SetIndexStyle(0, DRAW_LINE);
SetIndexStyle(1, DRAW_LINE);
SetIndexStyle(2, DRAW_LINE);
SetIndexStyle(3, DRAW_LINE);
SetIndexStyle(4, DRAW_ARROW);
SetIndexArrow(4, 159);
SetIndexStyle(5, DRAW_ARROW);
SetIndexArrow(5, 159);
SetIndexStyle(6, DRAW_ARROW);
SetIndexArrow(6, 159);
SetIndexStyle(7, DRAW_ARROW);
SetIndexArrow(7, 159);
//-----
SetIndexLabel(0, "M1-MA");
SetIndexLabel(1, "M5-MA");
SetIndexLabel(2, "H1-MA");
SetIndexLabel(3, "D1-MA");
SetIndexLabel(4, "M1-SAR");
SetIndexLabel(5, "M5-SAR");
SetIndexLabel(6, "H1-SAR");
SetIndexLabel(7, "D1-SAR");
//-----
return(0);
}
//+------------------------------------------------------------------+
int start()
{
if (Period() != 1)
{
Comment("Not a right Period!!! It should be M1");
return(0);
}
int limit;
int counted_bars = IndicatorCounted();
if(counted_bars < 0) return(-1);
if(counted_bars > 0) counted_bars--;
limit = Bars - counted_bars;
for(int i = 0; i < limit; i++)
{
M1ma[i] = iMA(NULL, PERIOD_M1, M1Period, 0, MODE_Ma, PRICE_Ma, i);
M5ma[i] = iMA(NULL, PERIOD_M5, M5Period, 0, MODE_Ma, PRICE_Ma, i / PERIOD_M5);
H1ma[i] = iMA(NULL, PERIOD_H1, H1Period, 0, MODE_Ma, PRICE_Ma, i / PERIOD_H1);
D1ma[i] = iMA(NULL, PERIOD_D1, D1Period, 0, MODE_Ma, PRICE_Ma, i / PERIOD_D1);
//-----
M1sar[i] = iSAR(NULL, PERIOD_M1, Step, Maximum, i);
M5sar[i] = iSAR(NULL, PERIOD_M5, Step, Maximum, i / PERIOD_M5);
H1sar[i] = iSAR(NULL, PERIOD_H1, Step, Maximum, i / PERIOD_H1);
D1sar[i] = iSAR(NULL, PERIOD_D1, Step, Maximum, i / PERIOD_D1);
}
//-----
return(0);
}
//+------------------------------------------------------------------+
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