Price Data Components
Miscellaneous
0
Views
0
Downloads
0
Favorites
16191-system
//+------------------------------------------------------------------+
//| PriceChannel_Stop_v1.2.mq4 |
//| Copyright © 2006, Forex-TSD.com |
//| Written by IgorAD,igorad2003@yahoo.co.uk |
//| http://finance.groups.yahoo.com/group/TrendLaboratory |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Forex-TSD.com "
#property link "http://www.forex-tsd.com/"
#property indicator_chart_window
#property indicator_buffers 6
#property indicator_color1 Blue
#property indicator_color2 Red
#property indicator_color3 Blue
#property indicator_color4 Red
#property indicator_color5 Blue
#property indicator_color6 Red
//---- input parameters
extern int ChannelPeriod=6.5;
extern double Risk=0.30;
extern int Signal=1;
extern int Line=1;
extern int SoundAlertMode=0;
extern int SMSAlertMode=0;
extern int AlertTimes=1;
extern int Nbars=1000;
//---- indicator buffers
double UpTrendBuffer[];
double DownTrendBuffer[];
double UpTrendSignal[];
double DownTrendSignal[];
double UpTrendLine[];
double DownTrendLine[];
double trend[];
bool UpTrendAlert=false, DownTrendAlert=false;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
IndicatorBuffers(7);
SetIndexBuffer(0,UpTrendBuffer);
SetIndexBuffer(1,DownTrendBuffer);
SetIndexBuffer(2,UpTrendSignal);
SetIndexBuffer(3,DownTrendSignal);
SetIndexBuffer(4,UpTrendLine);
SetIndexBuffer(5,DownTrendLine);
SetIndexBuffer(6,trend);
SetIndexStyle(0,DRAW_ARROW);
SetIndexStyle(1,DRAW_ARROW);
SetIndexStyle(2,DRAW_ARROW);
SetIndexStyle(3,DRAW_ARROW);
SetIndexStyle(4,DRAW_LINE);
SetIndexStyle(5,DRAW_LINE);
SetIndexArrow(0,159);
SetIndexArrow(1,159);
SetIndexArrow(2,108);
SetIndexArrow(3,108);
//---- name for DataWindow and indicator subwindow label
short_name="PriceChannel_Stop_v1("+ChannelPeriod+")";
IndicatorShortName(short_name);
SetIndexLabel(0,"UpTrend Stop");
SetIndexLabel(1,"DownTrend Stop");
SetIndexLabel(2,"UpTrend Signal");
SetIndexLabel(3,"DownTrend Signal");
SetIndexLabel(4,"UpTrend Line");
SetIndexLabel(5,"DownTrend Line");
//----
SetIndexDrawBegin(0,ChannelPeriod);
SetIndexDrawBegin(1,ChannelPeriod);
SetIndexDrawBegin(2,ChannelPeriod);
SetIndexDrawBegin(3,ChannelPeriod);
SetIndexDrawBegin(4,ChannelPeriod);
SetIndexDrawBegin(5,ChannelPeriod);
//----
return(0);
}
//+------------------------------------------------------------------+
//| PriceChannel_Stop_v1 |
//+------------------------------------------------------------------+
int start()
{
int i,shift;
double high, low, price;
double smax[30000],smin[30000],bsmax[30000],bsmin[30000];
string Message;
for (shift=Nbars-1;shift>=0;shift--)
{
UpTrendBuffer[shift]=EMPTY_VALUE;
DownTrendBuffer[shift]=EMPTY_VALUE;
UpTrendSignal[shift]=-1;
DownTrendSignal[shift]=-1;
UpTrendLine[shift]=EMPTY_VALUE;
DownTrendLine[shift]=EMPTY_VALUE;
trend[shift]=0;
}
for (shift=Nbars-ChannelPeriod-1;shift>=0;shift--)
{
high=High[shift]; low=Low[shift]; i=shift-1+ChannelPeriod;
while(i>=shift)
{
price=High[i];
if(high<price) high=price;
price=Low[i];
if(low>price) low=price;
i--;
}
smax[shift]=high;
smin[shift]=low;
bsmax[shift]=smax[shift]-(smax[shift]-smin[shift])*Risk;
bsmin[shift]=smin[shift]+(smax[shift]-smin[shift])*Risk;
trend[shift]=trend[shift+1];
if (Close[shift]>bsmax[shift+1]) {trend[shift]= 1; }
if (Close[shift]<bsmin[shift+1]) {trend[shift]=-1; }
if(trend[shift]>0 && bsmin[shift]<bsmin[shift+1]) bsmin[shift]=bsmin[shift+1];
if(trend[shift]<0 && bsmax[shift]>bsmax[shift+1]) bsmax[shift]=bsmax[shift+1];
if (trend[shift]>0)
{
if (Signal>0 && UpTrendBuffer[shift+1]==-1.0)
{
UpTrendSignal[shift]=bsmin[shift];
if(Line>0) UpTrendLine[shift]=bsmin[shift];
if (SoundAlertMode>0 && shift==0) PlaySound("alert2.wav");
}
else
{
UpTrendBuffer[shift]=bsmin[shift];
if(Line>0) UpTrendLine[shift]=bsmin[shift];
UpTrendSignal[shift]=-1;
}
if (Signal==2) UpTrendBuffer[shift]=0;
DownTrendBuffer[shift]=-1.0;
DownTrendLine[shift]=EMPTY_VALUE;
}
if (trend[shift]<0)
{
if (Signal>0 && DownTrendBuffer[shift+1]==-1.0)
{
DownTrendSignal[shift]=bsmax[shift];
if(Line>0) DownTrendLine[shift]=bsmax[shift];
if (SoundAlertMode>0 && shift==0) PlaySound("alert2.wav");
}
else
{
DownTrendBuffer[shift]=bsmax[shift];
if(Line>0)DownTrendLine[shift]=bsmax[shift];
DownTrendSignal[shift]=-1;
}
if (Signal==2) DownTrendBuffer[shift]=0;
UpTrendBuffer[shift]=-1.0;
UpTrendLine[shift]=EMPTY_VALUE;
}
//if ( trend[0]>0 && Close[2]<=bsmax[3] && Close[1]>bsmax[2] && Volume[0]>1 && !UpTrendAlert)
if ( trend[2]<0 && trend[1]>0 && Volume[0]>1 && !UpTrendAlert)
{
Message = " "+Symbol()+" M"+Period()+": Signal for BUY";
if ( SoundAlertMode>0 ) Alert (Message);
if ( SMSAlertMode>0 ) SendMail ("Signal from PriceChannel_Stop",TimeToStr(CurTime())+Message);
UpTrendAlert=true; DownTrendAlert=false;
}
//if ( trend[0]<0 && Close[2]>=bsmin[3] && Close[1]<bsmin[2] && Volume[0]>1 && !DownTrendAlert)
if ( trend[2]>0 && trend[1]<0 && Volume[0]>1 && !DownTrendAlert)
{
Message = " "+Symbol()+" M"+Period()+": Signal for SELL";
if ( SoundAlertMode>0 ) Alert (Message);
if ( SMSAlertMode>0 ) SendMail ("Signal from PriceChannel_Stop",TimeToStr(CurTime())+Message);
DownTrendAlert=true; UpTrendAlert=false;
}
}
return(0);
}
//+------------------------------------------------------------------+
Comments
Markdown Formatting Guide
# H1
## H2
### H3
**bold text**
*italicized text*
[title](https://www.example.com)

`code`
```
code block
```
> blockquote
- Item 1
- Item 2
1. First item
2. Second item
---