wajdyss_Candles_Length_indicator_v1
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This script is a custom technical analysis tool designed for the MetaTrader platform to help traders visualize specific price movement data directly on their charts. Rather than relying solely on standard price lines, this indicator calculates and displays specific numerical values related to candle dimensions.
Core Functionality
The primary purpose of the script is to measure and label the "length" of individual candles. Depending on how you configure it, the tool can perform one of two specific calculations:
- High-Low Range: It measures the total distance between the highest point and the lowest point of a candle (the full range).
- Body Size: Alternatively, it can be set to measure only the "body" of the candle (the difference between the opening and closing prices).
Key Features
- Visual Data Labeling: The script automatically identifies these measurements and places a text label above each candle on your chart. This allows for an immediate visual reference of volatility or price movement without the user having to perform manual calculations.
- Customizable Formatting: The tool is designed with several aesthetic and functional parameters, including:
- Result Size & Color: You can adjust how large the numbers appear and what color they are displayed in (e.g., Lime) to ensure they are easy to read against your specific chart theme.
- Positioning: It includes a specific offset point to ensure the labels stay clearly above the price action without overlapping the candles themselves.
- User Interface Elements: The script generates several text labels on the screen to provide branding, contact information, and instructions, ensuring a professional look for the user's workspace.
Access and Security Logic
The script includes a built-in "expiration" check. It verifies the current system date against a pre-set deadline (Year 9999, Month 9, Day 9). If the current date exceeds this limit, the script will display an expiration notice on the screen and stop performing its calculations.
Summary of Use
For a trader, this tool acts as a visual "ruler." It transforms raw price data into readable numbers, allowing you to see at a glance exactly how many points or pips each candle covers, which is essential for identifying volatility trends and managing risk.
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wajdyss_Candles_Length_indicator_v1
//+------------------------------------------------------------------+
//| wajdyss_MA_indicator |
//| Copyright 2007 Wajdyss |
//| wajdyss@yahoo.com |
//+------------------------------------------------------------------+
#property copyright "Copyright 2008 Wajdyss"
#property link "wajdyss@yahoo.com"
#property indicator_chart_window
extern bool High_Low=true;
extern int Result_Size=10;
extern color Result_Color=Lime;
extern int Result_Point=100;
extern string Note="-------------------";
extern int TextSize=14;
extern color TextColor1=White;
extern color TextColor2=Yellow;
extern color TextColor3=Aqua;
extern color TextColor4=Red;
extern color TextColor5=Chartreuse;
int eyear=9999;
int emonth=9;
int eday=9;
string Name="wajdyss Candles Length";
string hname;
double Result;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
Comment("");
ObjectDelete("a label");
ObjectDelete("b label");
ObjectDelete("c label");
ObjectDelete("d label");
ObjectsDeleteAll(0,OBJ_TEXT);
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
Comment("");
ObjectDelete("a label");
ObjectDelete("b label");
ObjectDelete("c label");
ObjectDelete("d label");
ObjectsDeleteAll(0,OBJ_TEXT);
// ArrayResize(Result33,Days);
//a
if(ObjectFind("a label") != 0)
{
ObjectCreate("a label", OBJ_LABEL, 0,0,0);
ObjectSetText("a label","ÈÓã Çááå ÇáÑÍãä ÇáÑÍíã" , TextSize, "Arial", TextColor1);
ObjectSet("a label", OBJPROP_XDISTANCE,350);
ObjectSet("a label", OBJPROP_YDISTANCE,0);
}
//b
if(ObjectFind("b label") != 0)
{
ObjectCreate("b label", OBJ_LABEL, 0,0,0);
ObjectSetText("b label",Name , TextSize, "Arial", TextColor2);
ObjectSet("b label", OBJPROP_XDISTANCE,320);
ObjectSet("b label", OBJPROP_YDISTANCE,25);
}
// c
if(ObjectFind("c label") != 0)
{
ObjectCreate("c label", OBJ_LABEL, 0,0,0);
ObjectSetText("c label","wajdyss@yahoo.com" , TextSize, "Arial", TextColor3);
ObjectSet("c label", OBJPROP_XDISTANCE,335);
ObjectSet("c label", OBJPROP_YDISTANCE,50);
}
//if (Period() != 1440) return(0);
if ((Year()>eyear) || (Year()==eyear && Month()>emonth) || (Year()==eyear && Month()==emonth && Day()>eday))
{
//d
if(ObjectFind("d label") != 0)
{
ObjectCreate("d label", OBJ_LABEL, 0,0,0);
ObjectSetText("d label","the indicator has expired , contact us by E-mail" ,TextSize, "Arial", TextColor4);
ObjectSet("d label", OBJPROP_XDISTANCE,250);
ObjectSet("d label", OBJPROP_YDISTANCE,75);
}
return(0);
}
int same , notsame, samef, notsamef, samer, notsamer, samecandle, notsamecandle ;
double samep,notsamep,all,GSignals,GSignalsP, GSignalUPP,GSignalDOWNP,fastMAnow,fastMAprevious,slowMAnow,slowMAprevious;
double FMA1,FMA2,SMA1,SMA2;
string sameforecast,notsameforecast, wajdyssforecast , status ;
// if (manual ==true) status="manual"; else status="auto";
for (int i=Bars;i>=1;i--)
{
hname="h"+i;
if (High_Low) Result=(High[i]-Low[i])/Point; else Result=(Close[i]-Open[i])/Point;
string Name2=DoubleToStr(Result,0);
SetText(hname,Name2,Time[i],(High[i]+Result_Point*Point),"Arial",Result_Size,Result_Color);
}
return(0);
}
void SetText(string name,string txt,datetime x,double y,string font,int size,color clr)
{
int idx=0;
if(ObjectFind(name) == -1)
{
ObjectCreate(name, OBJ_TEXT, idx, 0, 0);
ObjectSetText(name, txt, size, font, clr);
ObjectSet(name, OBJPROP_TIME1, x);
ObjectSet(name, OBJPROP_PRICE1, y);
}
else
{
ObjectSet(name, OBJPROP_TIME1, x);
ObjectSet(name, OBJPROP_PRICE1, y);
ObjectSetText(name, txt, size, font, clr);
}
}
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