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ClearMethodCandles2
// This indicator is based on the article: Getting Clear With Short-Term Swings by Ron Black
//
// http://www.traders.com/Documentation/FEEDbk_docs/2010/09/Black.html
// http://www.traders.com/Documentation/FEEDbk_docs/2010/09/TradersTips.html
//
// To set up colored candle charts:
// - switch to Line Chart
// - in Chart Properties window, set Line Chart Color to None (the entire price graph will disappear)
// - copy the ClearMethod.mq4 file to the Indicator directory, it will be used by iCustom()
// - add ClearMethodCandles1 (this must be the first), then ClearMethodCandles2 to the chart
// - if you use black backgrounded chart, set IsBlackChart parameter to true for both indicator
#property indicator_chart_window
#property indicator_buffers 6
#property indicator_color1 White
#property indicator_color2 Black
#property indicator_color3 C'64, 128, 128'
#property indicator_color4 C'128, 64, 128'
#property indicator_color5 C'64, 128, 128'
#property indicator_color6 C'128, 64, 128'
#property indicator_width1 2
#property indicator_width2 2
#property indicator_width3 3
#property indicator_width4 3
#property indicator_width5 3
#property indicator_width6 3
int maxHistoryBarsToCount = 50000;
extern bool IsBlackChart = false;
color UpSwingOutlineColor;
color DownSwingOutlineColor;
color UpCandleInsideColor;
color DownCandleInsideOnBlackCharts;
double CandleInsideFillBuffer1[];
double CandleInsideFillBuffer2[];
double CandleHighEndBuffer1[];
double CandleHighEndBuffer2[];
double CandleLowEndBuffer1[];
double CandleLowEndBuffer2[];
int init() {
if (IsBlackChart) {
UpSwingOutlineColor = Lime;
DownSwingOutlineColor = Orange;
UpCandleInsideColor = Black;
DownCandleInsideOnBlackCharts = White;
} else {
UpSwingOutlineColor = C'64, 128, 128';
DownSwingOutlineColor = C'128, 64, 128';
UpCandleInsideColor = White;
DownCandleInsideOnBlackCharts = Black;
}
SetIndexStyle(0, DRAW_HISTOGRAM, STYLE_SOLID, EMPTY, UpCandleInsideColor);
SetIndexBuffer(0, CandleInsideFillBuffer1);
SetIndexStyle(1, DRAW_HISTOGRAM, STYLE_SOLID, EMPTY, DownCandleInsideOnBlackCharts);
SetIndexBuffer(1, CandleInsideFillBuffer2);
SetIndexStyle(2, DRAW_HISTOGRAM, STYLE_SOLID, EMPTY, UpSwingOutlineColor);
SetIndexBuffer(2, CandleHighEndBuffer1);
SetIndexStyle(3, DRAW_HISTOGRAM, STYLE_SOLID, EMPTY, DownSwingOutlineColor);
SetIndexBuffer(3, CandleHighEndBuffer2);
SetIndexStyle(4, DRAW_HISTOGRAM, STYLE_SOLID, EMPTY, UpSwingOutlineColor);
SetIndexBuffer(4, CandleLowEndBuffer1);
SetIndexStyle(5, DRAW_HISTOGRAM, STYLE_SOLID, EMPTY, DownSwingOutlineColor);
SetIndexBuffer(5, CandleLowEndBuffer2);
SetIndexEmptyValue(0, 0.0);
SetIndexEmptyValue(1, 0.0);
SetIndexEmptyValue(2, 0.0);
SetIndexEmptyValue(3, 0.0);
SetIndexEmptyValue(4, 0.0);
SetIndexEmptyValue(5, 0.0);
return(0);
}
int start() {
int countedBars = IndicatorCounted();
int countFrom = MathMin(Bars - countedBars - 1, maxHistoryBarsToCount);
if (countFrom >= 0 && countFrom < Bars) {
countIndicator(countFrom);
}
return(0);
}
int countIndicator(int countFrom) {
int i;
bool isUpSwing;
for (i = countFrom; i >= 0; i--) {
isUpSwing = (iCustom(NULL, 0, "ClearMethod", 0, i) > 0);
if (isUpSwing) {
CandleHighEndBuffer1[i] = Close[i];
CandleHighEndBuffer2[i] = Close[i] - Point / 10000.0;
CandleLowEndBuffer1[i] = Open[i] + Point / 10000.0;
CandleLowEndBuffer2[i] = Open[i];
} else {
CandleHighEndBuffer1[i] = Close[i] - Point / 10000.0;
CandleHighEndBuffer2[i] = Close[i];
CandleLowEndBuffer1[i] = Open[i];
CandleLowEndBuffer2[i] = Open[i] + Point / 10000.0;
}
if (Open[i] < Close[i]) {
CandleInsideFillBuffer1[i] = Close[i];
CandleInsideFillBuffer2[i] = Open[i];
} else if (Open[i] > Close[i] && IsBlackChart) {
CandleInsideFillBuffer1[i] = Close[i];
CandleInsideFillBuffer2[i] = Open[i];
} else {
CandleInsideFillBuffer1[i] = 0.0;
CandleInsideFillBuffer2[i] = 0.0;
}
}
return(0);
}
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