DinapoliTarget_Malay_v1
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This script is a technical analysis tool designed for the MetaTrader platform to help traders identify market structure, price trends, and specific Fibonacci-based profit targets. It functions by scanning historical price data to recognize significant "swings" (highs and lows) and projects potential future price levels based on those movements.
Market Structure Analysis
The core logic begins by analyzing a specific window of historical price bars. It systematically searches for high and low points to determine the prevailing trend. The script identifies:
- Highs and Lows: It looks for peaks and troughs in price action.
- Swing Points: By comparing current price movement against a set length of previous bars, it identifies when the market is making "swing" highs or lows.
- Trend Tracking: The script keeps track of these points to understand whether the momentum is currently shifting upwards or downwards.
Signal Generation and Alerts
Once the script identifies a change in the swing structure, it evaluates the relationship between previous price points. It includes a built-in notification system that monitors for specific "Buy" or "Sell" signals:
- Dynamic Alerts: If the market moves in a direction that confirms a structural shift, the tool can trigger an audible and visual alert on your chart.
- Duplicate Prevention: The logic is designed to ensure that alerts only fire once per significant price move, preventing repetitive notifications for the same signal.
Automated Projection and Targets
One of the primary features of this script is its ability to project future price levels automatically. Based on the most recent identified swing points (Points A, B, and C), the script calculates several specific price targets:
- Fibonacci Projections: It uses mathematical constants (like 0.618, 1.618, 2.618, and 4.618) to project where the price might travel next. These are plotted on your chart as visual reference lines.
- Dynamic Entry and Stop Levels: The script calculates a "Start" line (suggesting a potential entry point) and a "Stop" line (suggesting a risk management exit). These levels adjust automatically based on the current spread and the magnitude of the most recent price move.
Visual Interface
To make the data easy to read for the user, the script handles the visual heavy lifting by:
- Drawing Horizontal Lines: It automatically places several distinct colored lines on your chart representing Target 1, Target 2, Target 3, the Start point, and the Stop point.
- Real-Time Updating: As new price bars form and the market moves, these lines update their positions dynamically to reflect the most current data from the swing points.
In summary, this tool automates the complex math of identifying market structure and projecting Fibonacci targets, providing the trader with a clear visual map of potential "take-profit" zones and risk boundaries based on recent price action.
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DinapoliTarget_Malay_v1
//+------------------------------------------------------------------+
//| DinapoliTarget_Malay.mq4 |
//| fxfariz a.k.a warrior trader |
//| fxfariz@gmail,com |
//+------------------------------------------------------------------+
#property copyright "fxfariz a.k.a warrior trader"
#property link "fxfariz@gmail,com"
//----
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_color1 Aqua
#property indicator_width1 1
//---- input parameters
extern int barn=300;
extern int Length=6;
double prev;
double last;
double alertBar;
extern int SoundAlertMode=1;
extern bool targets=true;
//---- buffers
double ExtMapBuffer1[];
//double ExtMapBuffer2[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexEmptyValue(0,0.0);
SetIndexDrawBegin(0, barn);
SetIndexStyle(0,DRAW_SECTION);
SetIndexBuffer(0,ExtMapBuffer1);
IndicatorShortName("fxfariz");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
ObjectDelete("Start line");
ObjectDelete("Stop line");
ObjectDelete("Target1 line");
ObjectDelete("Target2 line");
ObjectDelete("Target3 line");
ObjectDelete("info0");
ObjectDelete("info1");
ObjectDelete("info2");
ObjectDelete("info3");
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
int shift,Swing,Swing_n,uzl,i,zu,zd,mv;
double PointA,PointB,PointC,Target1,Target2,Target3,Fantnsy,CrazyDream,Start,Stop;
double LL,HH,BH,BL,NH,NL;
double Uzel[10000][3];
string text;
// loop from first bar to current bar (with shift=0)
Swing_n=0;Swing=0;uzl=0;
BH =High[barn];BL=Low[barn];zu=barn;zd=barn;
//----
for(shift=barn;shift>=0;shift--)
{
LL=10000000;HH=-100000000;
for(i=shift+Length;i>=shift+1;i--)
{
if (Low[i]< LL) {LL=Low[i];}
if (High[i]>HH) {HH=High[i];}
}
if (Low[shift]<LL && High[shift]>HH){
Swing=2;
if (Swing_n==1) {zu=shift+1;}
if (Swing_n==-1) {zd=shift+1;}
}
else
{
if (Low[shift]<LL) {Swing=-1;}
if (High[shift]>HH) {Swing=1;}
}
if (Swing!=Swing_n && Swing_n!=0)
{
if (Swing==2)
{
Swing=-Swing_n;BH=High[shift];BL=Low[shift];
}
uzl=uzl+1;
if (Swing==1)
{
Uzel[uzl][1]=zd;
Uzel[uzl][2]=BL;
}
if (Swing==-1)
{
Uzel[uzl][1]=zu;
Uzel[uzl][2]=BH;
}
BH=High[shift];
BL=Low[shift];
}
if (Swing==1)
{
if (High[shift]>=BH) {BH=High[shift];zu=shift;}}
if (Swing==-1)
{
if (Low[shift]<=BL) {BL=Low[shift]; zd=shift;}}
Swing_n=Swing;
}
for(i=1;i<=uzl;i++)
{
//text=DoubleToStr(Uzel[i][1],0);
//text=;
mv=StrToInteger(DoubleToStr(Uzel[i][1],0));
//----
if(prev > Uzel[i][2] && ExtMapBuffer1[mv]!=Uzel[i][2] && SoundAlertMode > 0 && Bars>alertBar) {Alert( "Dinapoli Target menunjukkan BUY SIGNAL kat ",Symbol()," pada TF ",Period());alertBar=Bars;prev=Uzel[i][2];
}
if(prev < Uzel[i][2] && ExtMapBuffer1[mv]!=Uzel[i][2] && SoundAlertMode > 0 && Bars>alertBar) {Alert( "Dinapoli Target menunjukkan SELL SIGNAL kat ",Symbol()," pada TF ",Period());alertBar=Bars;prev=Uzel[i][2];
}
ExtMapBuffer1[mv]=Uzel[i][2];
}
PointA=Uzel[uzl-2][2];
PointB=Uzel[uzl-1][2];
PointC=Uzel[uzl][2];
//----
Target1=NormalizeDouble((PointB-PointA)*0.618+PointC,4);
Target2=PointB-PointA+PointC;
Target3=NormalizeDouble((PointB-PointA)*1.618+PointC,4);
Fantnsy=NormalizeDouble((PointB-PointA)*2.618+PointC,4);
CrazyDream=NormalizeDouble((PointB-PointA)*4.618+PointC,4);
if (PointB<PointC)
{
Start= NormalizeDouble((PointB-PointA)*0.318+PointC,4)-(Ask-Bid);
Stop=PointC+2*(Ask-Bid);
}
if (PointB>PointC)
{
Start= NormalizeDouble((PointB-PointA)*0.318+PointC,4)+(Ask-Bid);
Stop=PointC-2*(Ask-Bid);
}
if (ObjectFind("Start Line")!=0 && targets==true)
{
ObjectCreate("Start line",OBJ_HLINE,0,Time[0],Start);
ObjectSet("Start line",OBJPROP_COLOR,Bisque);
ObjectSet("Start line",OBJPROP_WIDTH,3);
ObjectSet("Start line",OBJPROP_STYLE,STYLE_DOT);
}
else
{
ObjectMove("Start line", 0,Time[0],Start);
}
if (ObjectFind("Stop Line")!=0 && targets==true)
{
ObjectCreate("Stop line",OBJ_HLINE,0,Time[0],Stop);
ObjectSet("Stop line",OBJPROP_COLOR,Red);
ObjectSet("Stop line",OBJPROP_WIDTH,3);
ObjectSet("Stop line",OBJPROP_STYLE,STYLE_DOT);
}
else
{
ObjectMove("Stop line", 0,Time[0],Stop);
}
if (ObjectFind("Target1 Line")!=0 && targets==true)
{
ObjectCreate("Target1 line",OBJ_HLINE,0,Time[0],Target1);
ObjectSet("Target1 line",OBJPROP_COLOR,Yellow);
ObjectSet("Target1 line",OBJPROP_WIDTH,3);
ObjectSet("Target1 line",OBJPROP_STYLE,STYLE_DOT);
}
else
{
ObjectMove("Target1 line", 0,Time[0],Target1);
}
if (ObjectFind("Target2 Line")!=0 && targets==true)
{
ObjectCreate("Target2 line",OBJ_HLINE,0,Time[0],Target2);
ObjectSet("Target2 line",OBJPROP_COLOR,PaleTurquoise);
ObjectSet("Target2 line",OBJPROP_WIDTH,3);
ObjectSet("Target2 line",OBJPROP_STYLE,STYLE_DOT);
}
else
{
ObjectMove("Target2 line", 0,Time[0],Target2);
}
if (ObjectFind("Target3 Line")!=0 && targets==true)
{
ObjectCreate("Target3 line",OBJ_HLINE,0,Time[0],Target3);
ObjectSet("Target3 line",OBJPROP_COLOR,LightSkyBlue);
ObjectSet("Target3 line",OBJPROP_WIDTH,3);
ObjectSet("Target3 line",OBJPROP_STYLE,STYLE_DOT);
}
else
{
ObjectMove("Target3 line", 0,Time[0],Target3);
}
return(0);
}
//+------------------------------------------------------------------+
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