MTF_OverLayChart(yyr)

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Author: Copyright� 2006 S.B.T.
MTF_OverLayChart(yyr)

This script is designed for the MetaTrader platform to provide a unique visual analysis tool that allows you to see a secondary currency pair (or asset) overlaid directly onto your current trading chart. Instead of switching between tabs to monitor two different markets, this tool translates and "pins" the price action of a second symbol onto your primary screen.

Core Functionality

Multi-Timeframe & Multi-Symbol Integration The script takes a secondary symbol (for example, EURUSD) and a specific timeframe (such as 4-hour bars). It then fetches the price data for that asset and calculates how to fit it into the visual space of your current chart.

Dynamic Scaling and Alignment To ensure the secondary market is readable, the script performs several behind-the-scenes calculations:

  • Range Normalization: It identifies the highest and lowest prices of both your current chart and the secondary symbol within the visible window.
  • Proportional Scaling: It calculates a "Pips Ratio." This ensures that if the secondary asset has a much larger price range than your current one, it is scaled down (or up) proportionally so that it fits perfectly on your screen without being cut off.
  • Centering: It automatically aligns the center point of the secondary asset's price action with the center of your current chart, keeping the visual layout balanced.

Visual Representation The script renders the data as custom bars or histograms. These represent the Open, High, Low, and Close prices of the secondary asset.

  • Color Coding: It uses distinct colors (e.g., MediumSeaGreen for bullish movement and Orange for bearish movement) to make it easy to identify market trends at a glance.
  • Mirroring Option: The logic includes a "Mirroring" feature. This allows you to flip the orientation of the secondary asset's price action, which can be useful for identifying inverse correlations between two different markets.

User Experience Summary

For a trader, this means you can keep your primary chart open while visually monitoring the "heartbeat" of another currency pair simultaneously. The script handles all the complex math required to resize and position that data accurately, providing a synchronized view of how two different markets are moving in relation to one another in real-time.

Price Data Components
Series array that contains the lowest prices of each barSeries array that contains the highest prices of each barSeries array that contains open prices of each barSeries array that contains close prices for each bar
Miscellaneous
Implements a curve of type %1
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MTF_OverLayChart(yyr) 
//+------------------------------------------------------------------+
//|                                       MTF_OverLay Chart(yyr).mq4 Ver.1.10 |
//|                                      Copyright© 2006-2007 S.B.T. |
//|                                     http://sufx.core.t3-ism.net/ |
//+------------------- DO NOT REMOVE THIS HEADER --------------------+
//|  This script is free to use/distribute/modify and re-distribute. |
//|                                  (Limited to noncommercial use.)
//|  Thank you for S.B.T.,yangelong redited from your OverLay Chart.mq4        
//+------------------------------------------------------------------+

//Indicator Properties
#property copyright "Copyright© 2006 S.B.T."
#property link      "http://sufx.core.t3-ism.net/"
#property indicator_chart_window
#property indicator_buffers 4


//Indicator Parameters
extern string SubSymbol = "EURUSD";
extern int    Timeframe=240;
extern color BullBarColor = MediumSeaGreen;
extern color BearBarColor = Orange;
//extern color GridColor = Black;
extern bool Mirroring = false;

//Global Variables
string Prefix; //Indicator Prefix
int Grid = 10; //Grid Lines
int SnapPips = 10;  //Snap Pips For Grid Lines


//Indicator Buffers
double ExtMapBuffer1[];
double ExtMapBuffer2[];
double ExtMapBuffer3[];
double ExtMapBuffer4[];



//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init() {

   //Initialize Indexes
   Prefix = "OverLayChart" + SubSymbol;

   IndicatorShortName( "OverLay Chart( " + SubSymbol + " )" );

   SetIndexBuffer( 0, ExtMapBuffer1 );
   SetIndexBuffer( 1, ExtMapBuffer2 );
   SetIndexBuffer( 2, ExtMapBuffer3 );
   SetIndexBuffer( 3, ExtMapBuffer4 );

   SetIndexStyle( 0, DRAW_HISTOGRAM, DRAW_LINE, 1, BullBarColor );
   SetIndexStyle( 1, DRAW_HISTOGRAM, DRAW_LINE, 1, BearBarColor );
   SetIndexStyle ( 2, DRAW_HISTOGRAM, DRAW_LINE, 2, BullBarColor );
   SetIndexStyle( 3, DRAW_HISTOGRAM, DRAW_LINE, 2, BearBarColor );

   SetIndexEmptyValue( 0, 0.0 );
   SetIndexEmptyValue( 1, 0.0 );
   SetIndexEmptyValue( 2, 0.0 );
   SetIndexEmptyValue( 3, 0.0 );


   return( 0 );
}



//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit() {
   int _i;
   
   

   //Delete Objects
	ObjectDelete( Prefix + "Status" );
	ObjectDelete( Prefix + "Copyright" );

	for ( _i = 1; _i <= Grid ; _i ++ ) {
   	ObjectDelete( Prefix + "Grid" + _i );
   	ObjectDelete( Prefix + "Price" + _i );
   }


   return( 0 );
}



//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start() {
   int _BarsCount;
   double _CurRangeHigh, _CurRangeLow, _CurRangeCenter;
   double _SubRangeHigh, _SubRangeLow, _SubRangeCenter;
   double _SubPoint, _SubDigit;
   double _SubOpen, _SubHigh, _SubLow, _SubClose;
   double _PipsRatio;
   double _GridPips, _GridPrice;
   int _i;



   //Initialize Buffers
	RefreshRates();

   ArrayInitialize( ExtMapBuffer1, 0.0 );
   ArrayInitialize( ExtMapBuffer2, 0.0 );
   ArrayInitialize( ExtMapBuffer3, 0.0 );
   ArrayInitialize( ExtMapBuffer4, 0.0 );


   //Calculate Visible Bars
   _BarsCount = BarsPerWindow() + 1;
   int _FirstBar = FirstVisibleBar();
   int _LastBar = _FirstBar - _BarsCount + 1;
   if ( _LastBar < 0 ) {
      _LastBar = 0;
      _BarsCount = _FirstBar + 1;
   }


   //Calculate Chart Ratio
   _CurRangeHigh = High[Highest(NULL, 0, MODE_HIGH, _BarsCount, _LastBar)];
   _CurRangeLow = Low[Lowest(NULL, 0, MODE_LOW, _BarsCount, _LastBar)];
   _CurRangeCenter = ( _CurRangeHigh + _CurRangeLow ) / 2;

   if ( Mirroring ) {
      _SubRangeHigh = iLow( SubSymbol, Timeframe, Lowest( SubSymbol, Timeframe, MODE_LOW, _BarsCount, _LastBar ) );
      _SubRangeLow = iHigh( SubSymbol, Timeframe, Highest( SubSymbol, Timeframe, MODE_HIGH, _BarsCount, _LastBar ) );
   } else {
      _SubRangeHigh = iHigh( SubSymbol, Timeframe, Highest( SubSymbol, Timeframe, MODE_HIGH, _BarsCount, _LastBar ) );
      _SubRangeLow = iLow( SubSymbol, Timeframe, Lowest( SubSymbol, Timeframe, MODE_LOW, _BarsCount, _LastBar ) );
   }

   _SubRangeCenter = ( _SubRangeHigh + _SubRangeLow ) / 2;
   _SubPoint = MarketInfo( SubSymbol, MODE_POINT );
   _SubDigit = MarketInfo( SubSymbol, MODE_DIGITS );

   _PipsRatio = ( _CurRangeHigh - _CurRangeLow )  / ( _SubRangeHigh - _SubRangeLow );

   _GridPips = ( _SubRangeHigh - _SubRangeLow ) / Grid;
   _GridPips = MathRound( ( _SubRangeHigh - _SubRangeLow ) / Grid / ( _SubPoint * SnapPips ) ) * ( _SubPoint * SnapPips );


   //Draw Candlesticks
	for ( _i = _LastBar; _i < _LastBar + _BarsCount; _i ++ ) {
      _SubOpen = iOpen( SubSymbol, Timeframe, _i ) - _SubRangeCenter;
      _SubHigh = iHigh( SubSymbol, Timeframe, _i ) - _SubRangeCenter;
      _SubLow = iLow( SubSymbol, Timeframe, _i ) - _SubRangeCenter;
      _SubClose = iClose( SubSymbol, Timeframe, _i ) - _SubRangeCenter;

      if ( Mirroring ) {
         if ( _SubOpen < _SubClose ) {
            ExtMapBuffer2[_i] = _CurRangeCenter + _SubHigh * _PipsRatio;
            ExtMapBuffer1[_i] = _CurRangeCenter + _SubLow * _PipsRatio;
         } else {
            ExtMapBuffer2[_i] = _CurRangeCenter + _SubLow * _PipsRatio;
            ExtMapBuffer1[_i] = _CurRangeCenter + _SubHigh * _PipsRatio;
         }

         ExtMapBuffer4[_i] = _CurRangeCenter + _SubClose * _PipsRatio;
         ExtMapBuffer3[_i] = _CurRangeCenter + _SubOpen * _PipsRatio;
      } else {
         if ( _SubOpen < _SubClose ) {
            ExtMapBuffer1[_i] = _CurRangeCenter + _SubHigh * _PipsRatio;
            ExtMapBuffer2[_i] = _CurRangeCenter + _SubLow * _PipsRatio;
         } else {
            ExtMapBuffer1[_i] = _CurRangeCenter + _SubLow * _PipsRatio;
            ExtMapBuffer2[_i] = _CurRangeCenter + _SubHigh * _PipsRatio;
         }
         ExtMapBuffer3[_i] = _CurRangeCenter + _SubClose * _PipsRatio;
         ExtMapBuffer4[_i] = _CurRangeCenter + _SubOpen * _PipsRatio;
      }
   }

/*
   //Draw Objects
   ObjectCreate( Prefix + "Copyright", OBJ_LABEL, 0, 0, 0 );
	ObjectSet( Prefix + "Copyright", OBJPROP_COLOR, GridColor );
   ObjectSet( Prefix + "Copyright", OBJPROP_CORNER, 3 );
   ObjectSet( Prefix + "Copyright", OBJPROP_XDISTANCE, 4 );
   ObjectSet( Prefix + "Copyright", OBJPROP_YDISTANCE, 4 );
   ObjectSetText( Prefix + "Copyright", "OverLay Chart by S.B.T.", 8 );

   ObjectCreate( Prefix + "Status", OBJ_LABEL, 0, 0, 0 );
	ObjectSet( Prefix + "Status", OBJPROP_COLOR, GridColor );
   ObjectSet( Prefix + "Status", OBJPROP_CORNER, 0 );
   ObjectSet( Prefix + "Status", OBJPROP_XDISTANCE, 4 );
   ObjectSet( Prefix + "Status", OBJPROP_YDISTANCE, 16 );
   ObjectSetText( Prefix + "Status",
                  SubSymbol + " O = " + DoubleToStr( iOpen( SubSymbol, 0, _LastBar ), _SubDigit ) +
                  ", H = " + DoubleToStr( iHigh( SubSymbol, 0, _LastBar ), _SubDigit ) +
                  ", L = " + DoubleToStr( iLow( SubSymbol, 0, _LastBar ), _SubDigit ) +
                  ", C = " + DoubleToStr( iClose( SubSymbol, 0, _LastBar ), _SubDigit ),
                  8 );

	for ( _i = 1; _i <= Grid ; _i ++ ) {
      _GridPrice = MathRound( _SubRangeCenter / ( _SubPoint * SnapPips ) ) * ( _SubPoint * SnapPips );
      _GridPrice = ( ( _GridPrice + _GridPips / 2 ) + _GridPips * ( Grid / 2 - 1 ) ) - ( _GridPips * ( _i - 1 ) );

		ObjectCreate( Prefix + "Grid" + _i, OBJ_TREND, 0, 0, 0 );
      ObjectSet( Prefix + "Grid" + _i, OBJPROP_TIME1, Time[_FirstBar] );
      ObjectSet( Prefix + "Grid" + _i, OBJPROP_PRICE1, _CurRangeCenter + ( _GridPrice - _SubRangeCenter ) * _PipsRatio );
      ObjectSet( Prefix + "Grid" + _i, OBJPROP_TIME2, Time[_LastBar] );
      ObjectSet( Prefix + "Grid" + _i, OBJPROP_PRICE2, _CurRangeCenter + ( _GridPrice - _SubRangeCenter ) * _PipsRatio );
		ObjectSet( Prefix + "Grid" + _i, OBJPROP_COLOR, GridColor );
		ObjectSet( Prefix + "Grid" + _i, OBJPROP_STYLE, STYLE_DOT );
		ObjectSet( Prefix + "Grid" + _i, OBJPROP_WIDTH, 1 );
		ObjectSet( Prefix + "Grid" + _i, OBJPROP_RAY, true );

		ObjectCreate( Prefix + "Price" + _i, OBJ_TEXT, 0, 0, 0 );
      ObjectSet( Prefix + "Price" + _i, OBJPROP_TIME1, Time[_FirstBar - _BarsCount / 10] );
      ObjectSet( Prefix + "Price" + _i, OBJPROP_PRICE1, _CurRangeCenter + ( _GridPrice - _SubRangeCenter ) * _PipsRatio );
		ObjectSet( Prefix + "Price" + _i, OBJPROP_COLOR, GridColor );
      ObjectSetText( Prefix + "Price" + _i, DoubleToStr( _GridPrice, _SubDigit ), 8 );
   }

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

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