close_-_ema_20
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This script is designed as a multi-timeframe visual analysis tool for MetaTrader. Its primary purpose is to provide a high-level overview of market trends across nine different timeframes simultaneously, allowing a trader to see the "big picture" without switching between various charts manually.
How It Works
1. Multi-Timeframe Data Aggregation The script automatically calculates a specific type of moving average—the Exponential Moving Average (EMA)—for nine distinct periods: 1 Minute, 5 Minutes, 15 Minutes, 30 Minutes, 1 Hour, 4 Hours, Daily, Weekly, and Monthly.
2. Dynamic Visual Feedback Instead of just showing a list of numbers, the script draws horizontal trend lines on your current chart to represent these different timeframes. To make this information easy to read at a glance:
- Color Coding: The script uses a color-based logic to indicate market sentiment. If the current market price is above the moving average for a specific timeframe, the line turns Lime (Green), suggesting an upward trend. If the price is below the moving average, the line turns Red, indicating a downward trend.
- Labeling: Each line is clearly labeled with its corresponding timeframe (e.g., "H1" for 1 Hour, "D1" for Daily), so you can immediately identify which trend belongs to which period.
3. Real-Time Updates and Cleanup To ensure the chart remains clean and accurate, the script performs a continuous cycle of updating:
- Automatic Refresh: It constantly clears old visual lines and redraws them based on the latest price data, ensuring that the information you see is always up-to-the-second.
- Seamless Removal: When you remove the script from your chart or close the platform, it includes a self-cleaning function that wipes all the drawn lines away, leaving your chart exactly as it was before.
Summary for the Trader
Essentially, this tool acts as a "dashboard." By looking at one single chart, you can instantly see if the short-term momentum (like the 1-minute or 5-minute trends) is in harmony with the long-term trends (like the Daily or Weekly movements), helping you make more informed decisions based on the broader market context.
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close_-_ema_20
//+------------------------------------------------------------------+
//| Close - EMA's|
//| 2014 - Joca (nc32007a@gmail.com)|
//+------------------------------------------------------------------+
#property indicator_chart_window
extern int EMA_Period=20;
extern int offset=2;
extern int lenght=7;
color UpCandleColor=Lime;
color DownCandleColor=Red;
double width=2;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
void DeleteObjects()
{
ObjectDelete(0,"M1");
ObjectDelete(0,"M5");
ObjectDelete(0,"M15");
ObjectDelete(0,"M30");
ObjectDelete(0,"H1");
ObjectDelete(0,"H4");
ObjectDelete(0,"D1");
ObjectDelete(0,"W1");
ObjectDelete(0,"MN1");
}
int init()
{
DeleteObjects();
return(0);
}
int deinit()
{
DeleteObjects();
return(0);
}
int start()
{
DeleteObjects();
double dif=MathAbs(Time[1] - Time[2]);
datetime dtStart=Time[0]+dif*offset;
datetime dtEnd=Time[0]+dif*offset*lenght;
//M1
string name="M1";
double M1=iMA(Symbol(), PERIOD_M1, EMA_Period, 0, MODE_EMA, PRICE_CLOSE, 0);
color clr=DownCandleColor;
if (M1 <= Bid) clr=UpCandleColor;
ObjectCreate(0,name,OBJ_TREND,0, dtStart, M1,dtEnd, M1);
ObjectSet(name, OBJPROP_COLOR, clr);
ObjectSet(name, OBJPROP_WIDTH, width);
ObjectSet(name, OBJPROP_RAY, False);
ObjectSetText(name," M1");
//M5
name="M5";
double M5=iMA(Symbol(), PERIOD_M5, EMA_Period, 0, MODE_EMA, PRICE_CLOSE, 0);
clr=DownCandleColor;
if (M5 <= Bid) clr=UpCandleColor;
ObjectCreate(0,name,OBJ_TREND,0, dtStart, M5,dtEnd, M5);
ObjectSet(name, OBJPROP_COLOR, clr);
ObjectSet(name, OBJPROP_WIDTH, width);
ObjectSet(name, OBJPROP_RAY, False);
ObjectSetText(name," M5");
//M15
name="M15";
double M15=iMA(Symbol(), PERIOD_M15, EMA_Period, 0, MODE_EMA, PRICE_CLOSE, 0);
clr=DownCandleColor;
if (M15 <= Bid) clr=UpCandleColor;
ObjectCreate(0,name,OBJ_TREND, 0,dtStart, M15,dtEnd, M15);
ObjectSet(name, OBJPROP_COLOR, clr);
ObjectSet(name, OBJPROP_WIDTH, width);
ObjectSet(name, OBJPROP_RAY, False);
ObjectSetText(name," M15");
//M30
name="M30";
double M30=iMA(Symbol(), PERIOD_M30, EMA_Period, 0, MODE_EMA, PRICE_CLOSE, 0);
clr=DownCandleColor;
if (M30 <= Bid) clr=UpCandleColor;
ObjectCreate(0,name,OBJ_TREND, 0,dtStart, M30,dtEnd, M30);
ObjectSet(name, OBJPROP_COLOR, clr);
ObjectSet(name, OBJPROP_WIDTH, width);
ObjectSet(name, OBJPROP_RAY, False);
ObjectSetText(name," M30");
//H1
name="H1";
double H1=iMA(Symbol(), PERIOD_H1, EMA_Period, 0, MODE_EMA, PRICE_CLOSE, 0);
clr=DownCandleColor;
if (H1 <= Bid) clr=UpCandleColor;
ObjectCreate(0,name,OBJ_TREND, 0,dtStart, H1,dtEnd, H1);
ObjectSet(name, OBJPROP_COLOR, clr);
ObjectSet(name, OBJPROP_WIDTH, width);
ObjectSet(name, OBJPROP_RAY, False);
ObjectSetText(name," H1");
//H4
name="H4";
double H4=iMA(Symbol(), PERIOD_H4, EMA_Period, 0, MODE_EMA, PRICE_CLOSE, 0);
clr=DownCandleColor;
if (H4 <= Bid) clr=UpCandleColor;
ObjectCreate(0,name,OBJ_TREND, 0,dtStart, H4,dtEnd, H4);
ObjectSet(name, OBJPROP_COLOR, clr);
ObjectSet(name, OBJPROP_WIDTH, width);
ObjectSet(name, OBJPROP_RAY, False);
ObjectSetText(name," H4");
//D1
name="D1";
double D1=iMA(Symbol(), PERIOD_D1, EMA_Period, 0, MODE_EMA, PRICE_CLOSE, 0);
clr=DownCandleColor;
if (D1 <= Bid) clr=UpCandleColor;
ObjectCreate(0,name,OBJ_TREND, 0,dtStart, D1,dtEnd, D1);
ObjectSet(name, OBJPROP_COLOR, clr);
ObjectSet(name, OBJPROP_WIDTH, width);
ObjectSet(name, OBJPROP_RAY, False);
ObjectSetText(name," D1");
//W1
name="W1";
double W1=iMA(Symbol(), PERIOD_W1, EMA_Period, 0, MODE_EMA, PRICE_CLOSE, 0);
clr=DownCandleColor;
if (W1 <= Bid) clr=UpCandleColor;
ObjectCreate(0,name,OBJ_TREND, 0,dtStart, W1,dtEnd, W1);
ObjectSet(name, OBJPROP_COLOR, clr);
ObjectSet(name, OBJPROP_WIDTH, width);
ObjectSet(name, OBJPROP_RAY, False);
ObjectSetText(name," W1");
//MN1
name="MN1";
double MN1=iMA(Symbol(), PERIOD_MN1, EMA_Period, 0, MODE_EMA, PRICE_CLOSE, 0);
clr=DownCandleColor;
if (MN1 <= Bid) clr=UpCandleColor;
ObjectCreate(0,name,OBJ_TREND, 0,dtStart, MN1,dtEnd, MN1);
ObjectSet(name, OBJPROP_COLOR, clr);
ObjectSet(name, OBJPROP_WIDTH, width);
ObjectSet(name, OBJPROP_RAY, False);
ObjectSetText(name," MN1");
return(0);
}
//+------------------------------------------------------------------+
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