Detrended_Price_Oscillator

Author: Copyright � 2008, Nievinny
Detrended_Price_Oscillator
Indicators Used
Moving average indicatorStandard Deviation indicator
Miscellaneous
Implements a curve of type %1
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Detrended_Price_Oscillator
//+------------------------------------------------------------------+
//|                                   Detrended Price Oscillator.mq4 |
//|                                       Copyright © 2008, Nievinny |
//|                                        http://www.viixtrader.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2008, Nievinny"
#property link      "http://www.viixtrader.com"

#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 Black
 
//---- input parameters
extern string    ____0____   = "Period of average";
extern int       DPOPeriod   = 7;
extern string    ____1____   = "Type of average: SMA - 0, EMA - 1, SMMA - 2, LWMA - 3";
extern int       MaType      = 0;
extern string    ____2____   = "Type of price: close - 0, open - 1, high - 2, low - 3";
extern int       PriceType   = 0;
extern string    ____3____   = "Moving Average Shift";
extern int       MaShift     = 0;
extern string    ____4____   = "Show oversold and overbought levels";
extern bool      ShowLevels  = true;
extern string    ____5____   = "Lines color (60%)";
extern color     LinesColor1 = Green;
extern string    ____6____   = "Lines color (100%)";
extern color     LinesColor2 = Green;
extern string    ____7____   = "Lines style: solid - 0, dashed - 1, dotted - 2";
extern int       LinesStyle  = 2;

//---- buffers
double ExtMapBuffer1[];

int init()
{
   SetIndexStyle(0,DRAW_LINE);
   SetIndexBuffer(0,ExtMapBuffer1);

   string Short="DPO("+DPOPeriod+", "+MaType+", "+PriceType+", "+MaShift+")";
   IndicatorShortName(Short);
   SetIndexLabel(0,Short);
   
   SetLevelValue(0, 0.0);

   SetIndexDrawBegin(0,DPOPeriod);
   return(0);
}

int deinit()
{
   // cleaning the mess
   if(ShowLevels == true)
   {
      ObjectDelete("dev1");
      ObjectDelete("dev2");
   
      ObjectDelete("dev3");
      ObjectDelete("dev4");
   }
   return(0);
}

int start()
{
   //main core    
   int i, counted_bars=IndicatorCounted();

   if(Bars<=DPOPeriod) return(0);

   if(counted_bars<1)
      for(i=1;i<=DPOPeriod;i++) ExtMapBuffer1[Bars-i]=0.0;

   i=Bars-DPOPeriod-1;
   if(counted_bars>=DPOPeriod) i=Bars-counted_bars-1;
   while(i>=0)
   {
      ExtMapBuffer1[i] = priceSwitch(i) - iMA(NULL, NULL, DPOPeriod, MaShift, MaType, PriceType, i);
      i--;
   }
   
   // Showing oversold/overbought levels
   if(ShowLevels == true)
   {
      int window = WindowFind("DPO("+DPOPeriod+", "+MaType+", "+PriceType+", "+MaShift+")");
      if(window == -1)
      {
         window = 1;
      }
      // counting stddev
      ArraySetAsSeries(ExtMapBuffer1, true);
      double dev = iStdDevOnArray(ExtMapBuffer1, Bars-counted_bars-1, 100,0,0,0);
      // lines creation
      ObjectCreate("dev1", OBJ_HLINE, window, TimeCurrent(), 1.2*dev);
      ObjectSetText("dev1", "+60%");
      ObjectSet("dev1", OBJPROP_COLOR, LinesColor1);
      ObjectSet("dev1", OBJPROP_STYLE, LinesStyle);
      
      ObjectCreate("dev2", OBJ_HLINE, window, TimeCurrent(), -1.8*dev); 
      ObjectSetText("dev2", "-60%");
      ObjectSet("dev2", OBJPROP_COLOR, LinesColor1);
      ObjectSet("dev2", OBJPROP_STYLE, LinesStyle);
      
      ObjectCreate("dev3", OBJ_HLINE, window, TimeCurrent(), 2*dev);
      ObjectSetText("dev3", "+100%");
      ObjectSet("dev3", OBJPROP_COLOR, LinesColor2);
      ObjectSet("dev3", OBJPROP_STYLE, LinesStyle);
      
      ObjectCreate("dev4", OBJ_HLINE, window, TimeCurrent(), -3*dev);  
      ObjectSetText("dev4", "-100%");
      ObjectSet("dev4", OBJPROP_COLOR, LinesColor2);
      ObjectSet("dev4", OBJPROP_STYLE, LinesStyle);      
   }
   return(0);
}

double priceSwitch(int i)
{
   double price;
   switch(PriceType)
   {
      case PRICE_CLOSE:
         price = Close[i];
      case PRICE_OPEN:
         price = Open[i];
      case PRICE_HIGH:
         price = High[i];
      case PRICE_LOW:
         price = Low[i];
   }
   return(price);
}

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