Paramon_Scalp_v1
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This technical tool is designed to identify specific price action zones based on predefined time windows and historical price volatility. It functions as a visual guide for traders who want to monitor market behavior during peak activity hours.
Core Logic Overview
The script operates by analyzing the "High" and "Low" price points that occur during specific time intervals chosen by the user. Instead of looking at the entire trading day, it focuses exclusively on the volatility captured within your custom-defined start and end times.
How it Works
1. Time Window Definition The tool allows you to set two distinct time blocks (for example, a morning session and an afternoon session). The logic scans the market history to identify exactly what happened during those specific minutes.
2. High/Low Capture When the script detects the start of your defined time periods, it "scans" backward to find the highest price reached and the lowest price reached within that timeframe.
3. Dynamic Channel Visualization Once these high and low points are established, the script draws a visual channel on your chart:
- It plots the upper boundary based on the period's maximum price.
- It plots the lower boundary based on the period's minimum price.
- It creates a small "buffer" or offset around these lines to provide a clear visual area of interest.
4. Volatility Monitoring The script calculates the total distance (the "width") between the high and low prices of the active session. It compares this width against a user-defined threshold.
On-Screen Information
To keep the user informed in real-time, the script displays a status comment on the chart that includes:
- Active Session Times: A reminder of the start and end times currently being monitored.
- Channel Width: The exact distance between the high and low price points.
- Trading Readiness: If the volatility (width) exceeds your specified limit, the tool provides a text notification indicating that the range is wide enough for potential "Buy" or "Sell" considerations; otherwise, it notes that the range is currently too small for active trade consideration.
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Paramon_Scalp_v1
/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| MaksiGen_KaHaJI_CkaJIneP.mq4 |
//| MaksiGen |
//| http:// |
//+------------------------------------------------------------------+
#property copyright "MaksiGen"
#property link "http://"
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_color1 Aqua
#property indicator_color2 Violet
#property indicator_color3 DarkTurquoise
#property indicator_color4 Magenta
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
extern string Time_Start_1="08.15";
extern string Time_End_1="11.30";
extern string Time_Start_2="14.00";
extern string Time_End_2="17.30";
extern int MuH_IIIuPuHa_KaHaJIa=25;
double val_1[],val_2[],val_3[],val_4[],HighKaHaJI,LowKaHaJI;
string TextHour_Start_1,TextMinute_Start_1,TextHour_End_1,TextMinute_End_1;
string TextHour_Start_2,TextMinute_Start_2,TextHour_End_2,TextMinute_End_2;
string BbIBog;
int Hour_Start_1,Minute_Start_1,Hour_End_1,Minute_End_1;
int Hour_Start_2,Minute_Start_2,Hour_End_2,Minute_End_2;
int IIIuPuHa_KaHaJIa;
bool on_off_trade;
//datetime DateTime_Start_1,DateTime_Start_2,DateTime_End_1,DateTime_End_2;
int init()
{
//---- indicators
IndicatorBuffers(4);
SetIndexStyle(0,DRAW_LINE,1,3);
SetIndexStyle(1,DRAW_LINE,1,3);
SetIndexStyle(2,DRAW_LINE);
SetIndexStyle(3,DRAW_LINE);
SetIndexBuffer(0,val_1);
SetIndexBuffer(1,val_2);
SetIndexBuffer(2,val_3);
SetIndexBuffer(3,val_4);
//---- Time
TextHour_Start_1=StringSubstr(Time_Start_1,0,2);Hour_Start_1=StrToInteger(TextHour_Start_1);
TextMinute_Start_1=StringSubstr(Time_Start_1,3,2);Minute_Start_1=StrToInteger(TextMinute_Start_1);
TextHour_End_1=StringSubstr(Time_End_1,0,2);Hour_End_1=StrToInteger(TextHour_End_1);
TextMinute_End_1=StringSubstr(Time_End_1,3,2);Minute_End_1=StrToInteger(TextMinute_End_1);
TextHour_Start_2=StringSubstr(Time_Start_2,0,2);Hour_Start_2=StrToInteger(TextHour_Start_2);
TextMinute_Start_2=StringSubstr(Time_Start_2,3,2);Minute_Start_2=StrToInteger(TextMinute_Start_2);
TextHour_End_2=StringSubstr(Time_End_2,0,2);Hour_End_2=StrToInteger(TextHour_End_2);
TextMinute_End_2=StringSubstr(Time_End_2,3,2);Minute_End_2=StrToInteger(TextMinute_End_2);
// ïîäãîí âðåìåíè "MSK" ïîä âðåìÿ ñåðâåðà Àëüïàðè
//Hour_Start_1=Hour_Start_1-2;Hour_End_1=Hour_End_1-2;
//Hour_Start_2=Hour_Start_2-2;Hour_End_1=Hour_End_2-2;
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int shift,i,ii;
int Counted_Bars=IndicatorCounted();
if (Period()>30)
{
if (Minute_Start_1!=0) {Minute_Start_1=0;}
if (Minute_End_1!=0) {Hour_End_1++;Minute_End_1=0;}
if (Minute_Start_2!=0) {Minute_Start_2=0;}
if (Minute_End_2!=0) {Hour_End_2++;Minute_End_2=0;}
}
//----
if (Counted_Bars>=Bars) Counted_Bars=Bars;
if(Counted_Bars<0) return(-1);//---- ïðîâåðêà íà âîçìîæíûå îøèáêè
for (shift=Counted_Bars+10;shift>0;shift--)
{
on_off_trade=false;//-íàõîäèì âðåìÿ òîðãîâëè
if (TimeHour(Time[shift])>Hour_Start_1 && TimeHour(Time[shift])<Hour_End_1) on_off_trade=true;
if (TimeHour(Time[shift])==Hour_Start_1 && TimeMinute(Time[shift])>=Minute_Start_1) on_off_trade=true;
if (TimeHour(Time[shift])==Hour_End_1 && TimeMinute(Time[shift])<=Minute_End_1) on_off_trade=true;
if (TimeHour(Time[shift])>Hour_Start_2 && TimeHour(Time[shift])<Hour_End_2) on_off_trade=true;
if (TimeHour(Time[shift])==Hour_Start_2 && TimeMinute(Time[shift])>=Minute_Start_2) on_off_trade=true;
if (TimeHour(Time[shift])==Hour_End_2 && TimeMinute(Time[shift])<=Minute_End_2) on_off_trade=true;
//---
if (TimeHour(Time[shift])==Hour_Start_1 && TimeMinute(Time[shift])==Minute_Start_1)
{
HighKaHaJI=0;
LowKaHaJI=10000;
for (i=shift+MathRound((Hour_Start_1*60+Minute_Start_1)/Period());i>shift;i--)
{
if (High[i]>HighKaHaJI) HighKaHaJI=High[i];
if (Low[i]<LowKaHaJI) LowKaHaJI=Low[i];
}
}
//---
if (on_off_trade)
{
val_1[shift]=HighKaHaJI;
val_3[shift]=HighKaHaJI+10*Point;
val_2[shift]=LowKaHaJI;
val_4[shift]=LowKaHaJI-10*Point;
}
IIIuPuHa_KaHaJIa=(HighKaHaJI-LowKaHaJI)/Point;
}
if (IIIuPuHa_KaHaJIa>MuH_IIIuPuHa_KaHaJIa)
{BbIBog=", Bay îò "+DoubleToStr(HighKaHaJI,4)+", Sell îò "+DoubleToStr(LowKaHaJI,4);}
else {BbIBog=", íåò òîðãîâëè";}
Comment("\n","\n","Ðàáî÷åå âðåìÿ ñåðâåðà: ñ ",TextHour_Start_1,":",TextMinute_Start_1," äî ",TextHour_End_1,":",TextMinute_End_1,
" è ñ ",TextHour_Start_2,":",TextMinute_Start_2," äî ",TextHour_End_2,":",TextMinute_End_2,
"\n","Øèðèíà êàíàëà: ",IIIuPuHa_KaHaJIa,BbIBog);
//----
return(0);
}
//+------------------------------------------------------------------+
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