wajdyss_Comparison_indicator_v1

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Author: Copyright 2008 Wajdyss
wajdyss_Comparison_indicator_v1

Overview of the Wajdyss Comparison Indicator

The Wajdyss Comparison indicator is a specialized trading tool designed to analyze market trends by comparing two different financial instruments simultaneously. Its primary goal is to identify "confluence"—situations where two different assets move in the same direction at the same time—to provide a higher level of confidence for potential trades.

Core Logic and Functionality

1. Dual-Asset Comparison The script monitors the current price action of the asset on your primary chart (e.g., EURUSD) while simultaneously tracking a secondary "comparison" asset defined in the settings (defaulting to USDCHF). By looking at both instruments, the tool helps traders see if the broader market sentiment is aligned or diverging.

2. Historical Trend Analysis The indicator performs an extensive look-back analysis over a significant period (350 days by default). During this scan, it evaluates every historical candle to check for directional agreement:

  • Positive Confluence: If both the primary and the comparison assets closed higher than their opening prices during the same period.
  • Negative Confluence: If both assets closed lower than their opening prices during the same period.

3. Signal Reliability Calculation Rather than just showing a single "buy" or "sell" arrow, this script calculates a percentage of reliability. It counts how many times the two assets moved in the same direction versus how many times they moved in opposite directions over the specified timeframe.

The final result is displayed as a "Percentage of Good Signals." A high percentage suggests that the two assets frequently move in harmony, indicating a stronger, more reliable trend. Conversely, a low percentage suggests that the assets are decoupled, which may warn the trader to be cautious.

4. Visual Feedback and Expiration Control

  • On-Screen Labels: The script generates several text labels on the chart. These include identifying information (the author's name and contact), the current reliability percentage, and a forecast of whether the trend for the current day is "up," "down," or "no trading."
  • Security & Expiration: The script includes an internal "time lock" mechanism. It checks the current system date against a pre-set expiration date. If the current date passes this limit, the indicator will display an expiration notice and stop performing its calculations until the user contacts the developer.

Summary for the Trader

This tool is designed to filter out "noisy" market movements. Instead of relying on a single chart, it validates the current trend against a second currency pair. If both pairs agree on the direction, the indicator reflects a higher percentage of "Good Signals," providing a data-driven basis for entering a trade with more confidence.

Price Data Components
Series 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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wajdyss_Comparison_indicator_v1 
//+------------------------------------------------------------------+
//|          indicator                          wajdi Comparison.mq4 |
//|                                           Copyright 2007 Wajdyss |
//|                                                wajdyss@yahoo.com |
//+------------------------------------------------------------------+
#property copyright "Copyright 2008 Wajdyss"
#property link      "wajdyss@yahoo.com"

#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Green
#property indicator_color2 Red
#property indicator_width1  2
#property indicator_width2  2

int days=350;
//int candle=350;
extern string C="USDCHF";
extern int TextSize=14;
 extern color TextColor1=Black;
 extern color TextColor2=Red;
 extern color TextColor3=Blue;
extern color TextColor4=White;
extern color TextColor5=Green;
bool manual=true;
int w=0,ww=0;
double CrossUp[];
double CrossDown[];
int eyear=9999;
int emonth=9;
int eday=9;

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- indicators
   SetIndexStyle(0, DRAW_ARROW, EMPTY);
   SetIndexArrow(0, 67);
   SetIndexBuffer(0, CrossUp);
   SetIndexStyle(1, DRAW_ARROW, EMPTY);
   SetIndexArrow(1, 68);
   SetIndexBuffer(1, CrossDown);
//----

   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
  Comment("");
 ObjectDelete("a label");
 ObjectDelete("b label");
 ObjectDelete("c label");
 ObjectDelete("d label");
 ObjectDelete("e label");


   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
  //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);
   }
   else
   {
   ObjectMove("a label", 0,  0,0);
   }
   
   //b
      if(ObjectFind("b label") != 0)
   {
      ObjectCreate("b label", OBJ_LABEL, 0,0,0);
      ObjectSetText("b label","wajdyss Comparision indicator"  , TextSize, "Arial", TextColor2);
      ObjectSet("b label", OBJPROP_XDISTANCE,295);
     ObjectSet("b label", OBJPROP_YDISTANCE,25);
   }
   else
   {
   ObjectMove("b label", 0,  0,0);
   }
   
   // 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);
   }
   else
   {
   ObjectMove("c label", 0,  0,0);
   }
   
    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);
   }
   else
   {
   ObjectMove("d label", 0,  0,0);
   }
      return(0);
    } 
   else 
       if(ObjectFind("d label") != 0)
   {
      ObjectCreate("d label", OBJ_LABEL, 0,0,0);
      ObjectSetText("d label","the indicator well expire after ( " + eday+"-"+emonth+"-"+eyear+" )",TextSize, "Arial", TextColor4);
      ObjectSet("d label", OBJPROP_XDISTANCE,265);
     ObjectSet("d label", OBJPROP_YDISTANCE,75);
   }
   else
   {
   ObjectMove("d label", 0,  0,0);
   }
      
   int  same , notsame, samef, notsamef, samer, notsamer, samecandle, notsamecandle ;
   double  GSignalUP=0 , SignalUP=0 , GSignalDOWN=0, SignalDOWN=0 , AllSignal=0 , BSignalUP=0
    , BSignalDOWN=0 ,a=High[0]+50*Point ;
   
   double samep,notsamep,all,GSignals,GSignalsP, GSignalUPP,GSignalDOWNP;
   string sameforecast,notsameforecast, wajdyssforecast , status ;

//   if (manual ==true) status="manual"; else status="auto";
 {samecandle=w; notsamecandle=ww;}
   all=days;
   samep=(samer/all);
   notsamep=(notsamer/all);

   samecandle=w;
   notsamecandle=ww;
   if (iClose(Symbol(),NULL,samecandle)>iOpen(Symbol(),NULL,samecandle)) sameforecast="up trend"; else sameforecast="down trend";
   if (iClose(Symbol(),NULL,notsamecandle)<iOpen(Symbol(),NULL,notsamecandle)) notsameforecast="up trend"; else notsameforecast="down trend";
   if (sameforecast==notsameforecast) wajdyssforecast=sameforecast;
   else wajdyssforecast="no trading today";

   for (int j=days;j>=1;j--) 
   {   if (((iClose(Symbol(),NULL,j)>iOpen(Symbol(),NULL,j)) && (iClose(C,NULL,j)>iOpen(C,NULL,j))) || 
   ((iClose(Symbol(),NULL,j)<iOpen(Symbol(),NULL,j)) && (iClose(C,NULL,j)<iOpen(C,NULL,j)))) 
   {
    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);
   }
   else
   {
   ObjectMove("d label", 0,  0,0);
   }
      return(0);
    } 
   else 
       if(ObjectFind("d label") != 0)
   {
      ObjectCreate("d label", OBJ_LABEL, 0,0,0);
      ObjectSetText("d label","the indicator well expire after ( " + eday+"-"+emonth+"-"+eyear+" )",TextSize, "Arial", TextColor4);
      ObjectSet("d label", OBJPROP_XDISTANCE,265);
     ObjectSet("d label", OBJPROP_YDISTANCE,75);
   }
   else
   {
   ObjectMove("d label", 0,  0,0);
   }
   CrossUp[j] = High[j]+20*Point;
   AllSignal++;
   //SignalUP++;
   //if (iClose(Symbol(),NULL,j-1)>iOpen(Symbol(),NULL,j-1) && iClose(C,NULL,j-1)>iOpen(C,NULL,j-1))
   GSignalUP++;
   //else BSignalUP++;
   }
   
   
       else
   { 
    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);
   }
   else
   {
   ObjectMove("d label", 0,  0,0);
   }
      return(0);
    } 
   else 
       if(ObjectFind("d label") != 0)
   {
      ObjectCreate("d label", OBJ_LABEL, 0,0,0);
      ObjectSetText("d label","the indicator well expire after ( " + eday+"-"+emonth+"-"+eyear+" )",TextSize, "Arial", TextColor4);
      ObjectSet("d label", OBJPROP_XDISTANCE,265);
     ObjectSet("d label", OBJPROP_YDISTANCE,75);
   }
   else
   {
   ObjectMove("d label", 0,  0,0);
   }
    
    CrossDown[j] = High[j]+20*Point;
      AllSignal++;
//      SignalDOWN++;
  // if (iClose(Symbol(),NULL,j-1)<iOpen(Symbol(),NULL,j-1) && iClose(C,NULL,j-1)<iOpen(C,NULL,j-1))
    //GSignalDOWN++;
   //else 
   BSignalDOWN++;
   }
}

GSignals=GSignalUP;
GSignalsP=GSignals/AllSignal;
//GSignalUPP=(GSignalUP/SignalUP);
//GSignalDOWNP=(GSignalDOWN/SignalDOWN);
 
 //   Comment ("\n" , "ÈÓã Çááå Ç áÑÍãä ÇáÑÍíã" ,"\n" ,"\n","wajdyss@yahoo.com", "\n" ,"\n" , "wajdyss forecast indicator", "\n","\n",
   //"all signals=",AllSignal, "\n", "\n","Up Signals =",SignalUP, "\n","Good Up Signals =",
   //GSignalUP,"\n","Bad Up Signals =",BSignalUP,"\n", "\n","Down Signals=",SignalDOWN,"\n",
   //"Good Down Signals =",GSignalDOWN,"\n","Bad Down Signals =",BSignalDOWN, "\n","\n",
   //"Good Signals =",GSignals,"\n","Good Signals percent=",GSignalsP);
              //       ObjectCreate("up label", OBJ_LABEL, 0,0,0);
                     
                //     ObjectSetText("up label", text, 15, "Arial", clr);
                     //bool ObjectSetText( string name, string text, int font_size, string font=NULL, color text_color=CLR_NONE)
                  //   ObjectSet("up label", OBJPROP_XDISTANCE,430);
                    // ObjectSet("up label", OBJPROP_YDISTANCE,0);
                  // }
                    // else
                      //{
                        //ObjectMove("up label", 0, 0, 0);
                      //}
                      
                      //a

   
   int www=GSignalsP*100 ;
   //e
   if(ObjectFind("e label") != 0)
   {
      ObjectCreate("e label", OBJ_LABEL, 0,0,0);
      ObjectSetText("e label","%"+ "äÓÈÉ äÌÇÍ ÇáãÄÔÑ ="+ www  , TextSize, "Arial", TextColor5);
      ObjectSet("e label", OBJPROP_XDISTANCE,340);
     ObjectSet("e label", OBJPROP_YDISTANCE,100);
   }
   else
   {
   ObjectMove("e label", 0,  0,0);
   }
 
   return(0);
  }

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