Complex_Common_v2
Download script
This script is designed as a specialized technical analysis tool for the MetaTrader 4 platform. It creates a custom visual indicator that monitors the relative strength and movement of five major global currencies: the US Dollar (USD), Euro (EUR), British Pound (GBP), Swiss Franc (CHF), and Japanese Yen (JPY).
Overview of Logic
The core purpose of this script is to identify market trends by calculating the momentum of specific currency pairs. Instead of looking at a single chart, it aggregates data from multiple pairs simultaneously to determine which currencies are leading and which are lagging in the current market environment.
Key Functionalities
1. Dynamic Timeframe Adaptation The script is "smart" in how it handles different timeframes. Whether you are viewing a 1-minute chart or a monthly chart, the tool automatically adjusts its internal calculation settings (the "periods"). It uses specific pre-defined settings for each timeframe to ensure that the data remains relevant and smooth, regardless of how granular your view is.
2. Moving Average Momentum Calculation The logic relies on comparing two different types of Moving Averages:
- A Slow/Long Period: Represents the broader, long-term trend.
- A Fast/Short Period: Represents the immediate, short-term price action.
By subtracting the fast moving average from the slow one (or vice versa depending on the currency), the script calculates the "spread" or velocity of the currency movement.
3. Multi-Currency Aggregation The most unique aspect of this script is how it constructs the final values for each currency. It doesn't just look at one pair; it combines several pairs to create a comprehensive "score" for each currency:
- USD: Analyzes its relationship with the Euro and Pound, while also factoring in its inverse movement against the Swiss Franc and Yen.
- EUR/GBP/CHF/JPY: Each follows a similar logic, pulling data from all relevant cross-rates (e.g., EURUSD, EURGBP, EURCHF, etc.) to create a unified indicator line for that specific currency.
4. Visual Output The result is displayed in a separate window on your trading platform as five distinct lines. These lines represent the calculated momentum of each currency. This allows traders to see at a glance:
- Which currencies are gaining strength (moving upward).
- Which currencies are losing strength (moving downward).
- How these currencies are reacting relative to one another in real-time.
Summary for the User
Essentially, this tool simplifies complex forex dynamics into five easy-to-read lines. It does the "heavy lifting" of monitoring dozens of different currency pairs at once and summarizes that data into a single visual representation, helping you identify broad market trends across the major global currencies simultaneously.
//+------------------------------------------------------------------+
//| Complex_Common.mq4 |
//| SemSemFX@rambler.ru |
//| http://onix-trade.net/forum/index.php?showtopic=107 |
//| http://forum.alpari-idc.ru/viewtopic.php?t=46916 |
//+------------------------------------------------------------------+
#property copyright "SemSemFX@rambler.ru"
#property link "http://onix-trade.net/forum/index.php?showtopic=107"
#property link "http://forum.alpari-idc.ru/viewtopic.php?t=46916"
//----
#property indicator_separate_window
#property indicator_buffers 5
#property indicator_color1 Green
#property indicator_color2 Navy
#property indicator_color3 Red
#property indicator_color4 Black
#property indicator_color5 Maroon
//---- buffers
double USD[];
double EUR[];
double GBP[];
double CHF[];
double JPY[];
//---- parameters
// for monthly
int mn_per=12;
int mn_fast=3;
// for weekly
int w_per=9;
int w_fast=3;
// for daily
int d_per=5;
int d_fast=3;
// for H4
int h4_per=12;
int h4_fast=2;
// for H1
int h1_per=24;
int h1_fast=8;
// for M30
int m30_per=16;
int m30_fast=2;
// for M15
int m15_per=16;
int m15_fast=4;
// for M5
int m5_per=12;
int m5_fast=3;
// for M1
int m1_per=30;
int m1_fast=10;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
IndicatorShortName("USD:Çåëåíûé; EUR:Ñèíèé; GBP:Êðàñíûé; CHF:×åðíûé; JPY:Êîðè÷íåâûé");
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,USD);
SetIndexLabel(0, "USD");
SetIndexStyle(1,DRAW_LINE);
SetIndexBuffer(1,EUR);
SetIndexLabel(1, "EUR");
SetIndexStyle(2,DRAW_LINE);
SetIndexBuffer(2,GBP);
SetIndexLabel(2, "GBP");
SetIndexStyle(3,DRAW_LINE);
SetIndexBuffer(3,CHF);
SetIndexLabel(3, "CHF");
SetIndexStyle(4,DRAW_LINE);
SetIndexBuffer(4,JPY);
SetIndexLabel(4, "JPY");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int limit;
int counted_bars=IndicatorCounted();
//---- ïðîâåðêà íà âîçìîæíûå îøèáêè
if(counted_bars<0) return(-1);
//---- ïîñëåäíèé ïîñ÷èòàííûé áàð áóäåò ïåðåñ÷èòàí
if(counted_bars>0) counted_bars-=10;
limit=Bars-counted_bars;
//---- îñíîâíîé öèêë
int Price=6;
int Mode=3;
int per1,per2;
switch(Period())
{
case 1: per1=m1_per; per2=m1_fast; break;
case 5: per1=m5_per; per2=m5_fast; break;
case 15: per1=m15_per;per2=m15_fast; break;
case 30: per1=m30_per;per2=m30_fast; break;
case 60: per1=h1_per; per2=h1_fast; break;
case 240: per1=h4_per; per2=h4_fast; break;
case 1440: per1=d_per; per2=d_fast; break;
case 10080: per1=w_per; per2=w_fast; break;
case 43200: per1=mn_per; per2=mn_fast; break;
}
for(int i=0; i<limit; i++)
{
USD[i]=
(iMA("EURUSD",0,per1,0,Mode,Price,i)-
iMA("EURUSD",0,per2,0,Mode,Price,i))*10000
+
(iMA("GBPUSD",0,per1,0,Mode,Price,i)-
iMA("GBPUSD",0,per2,0,Mode,Price,i))*10000
+
(iMA("USDCHF",0,per2,0,Mode,Price,i)-
iMA("USDCHF",0,per1,0,Mode,Price,i))*10000
+
(iMA("USDJPY",0,per2,0,Mode,Price,i)-
iMA("USDJPY",0,per1,0,Mode,Price,i))*100
;
EUR[i]=
(iMA("EURUSD",0,per2,0,Mode,Price,i)-
iMA("EURUSD",0,per1,0,Mode,Price,i))*10000
+
(iMA("EURGBP",0,per2,0,Mode,Price,i)-
iMA("EURGBP",0,per1,0,Mode,Price,i))*10000
+
(iMA("EURCHF",0,per2,0,Mode,Price,i)-
iMA("EURCHF",0,per1,0,Mode,Price,i))*10000
+
(iMA("EURJPY",0,per2,0,Mode,Price,i)-
iMA("EURJPY",0,per1,0,Mode,Price,i))*100
;
GBP[i]=
(iMA("GBPUSD",0,per2,0,Mode,Price,i)-
iMA("GBPUSD",0,per1,0,Mode,Price,i))*10000
+
(iMA("EURGBP",0,per1,0,Mode,Price,i)-
iMA("EURGBP",0,per2,0,Mode,Price,i))*10000
+
(iMA("GBPCHF",0,per2,0,Mode,Price,i)-
iMA("GBPCHF",0,per1,0,Mode,Price,i))*10000
+
(iMA("GBPJPY",0,per2,0,Mode,Price,i)-
iMA("GBPJPY",0,per1,0,Mode,Price,i))*100
;
CHF[i]=
(iMA("USDCHF",0,per1,0,Mode,Price,i)-
iMA("USDCHF",0,per2,0,Mode,Price,i))*10000
+
(iMA("EURCHF",0,per1,0,Mode,Price,i)-
iMA("EURCHF",0,per2,0,Mode,Price,i))*10000
+
(iMA("GBPCHF",0,per1,0,Mode,Price,i)-
iMA("GBPCHF",0,per2,0,Mode,Price,i))*10000
+
(iMA("CHFJPY",0,per2,0,Mode,Price,i)-
iMA("CHFJPY",0,per1,0,Mode,Price,i))*100
;
JPY[i]=
(iMA("USDJPY",0,per1,0,Mode,Price,i)-
iMA("USDJPY",0,per2,0,Mode,Price,i))*100
+
(iMA("EURJPY",0,per1,0,Mode,Price,i)-
iMA("EURJPY",0,per2,0,Mode,Price,i))*100
+
(iMA("GBPJPY",0,per1,0,Mode,Price,i)-
iMA("GBPJPY",0,per2,0,Mode,Price,i))*100
+
(iMA("CHFJPY",0,per1,0,Mode,Price,i)-
iMA("CHFJPY",0,per2,0,Mode,Price,i))*100
;
}
//----
return(0);
}
//+------------------------------------------------------------------+
Comments