FDM Real Price
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This custom technical indicator is designed to provide visual cues on a trading chart by analyzing price movement patterns and volatility. Its primary goal is to help traders identify specific trend momentum and potential entry points based on the relationship between historical price changes and current price action.
Core Logic Overview
The script operates by calculating a weighted moving average that reacts dynamically to market conditions. Instead of simply averaging previous prices, it incorporates a "volatility factor." Here is how that works in plain terms:
- Momentum Comparison: The tool looks back at a specific window of historical data (defined by the primary settings) to measure the total price movement over that period. It then compares this historical movement to the distance between the current price and a much older price point.
- Volatility Adjustment: By comparing these two figures, the indicator determines the "strength" of the current move relative to recent history. If the current movement is significantly stronger or weaker than what has occurred recently, the indicator adjusts its calculation accordingly.
- Smoothing and Projection: The resulting data point is used to draw a smoothed line on your chart. This line attempts to filter out minor market "noise" while highlighting the underlying trend of the price.
Visual Signals
The script translates these complex calculations into three distinct visual elements on your trading platform:
- Trend Line: A continuous line that tracks the calculated momentum, helping you visualize the direction and flow of the market.
- Bullish Signals (Upward Arrows): When the indicator detects a significant upward move that exceeds a predefined threshold (measured in pips), it places an arrow on the chart. This suggests a potential positive momentum shift.
- Bearish Signals (Downward Arrows): Conversely, when the indicator detects a significant downward move exceeding the same threshold, it places a corresponding arrow. This highlights a potential negative momentum shift.
Key Features
- Dynamic Sensitivity: The tool uses specific mathematical multipliers to ensure that the arrows only appear during substantial price movements, preventing the chart from becoming cluttered with "false" signals during low-activity periods.
- Automatic Updates: The script is programmed to scan every new candle formed on your chart, constantly recalculating the momentum values to ensure the visuals remain current with live market data.
- Trial Protection: The script includes a built-in date check; it is designed to notify the user if the software is being used past its authorized trial period.
Miscellaneous
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FDM Real Price
/*
*/
#property copyright "Copyright © 2008, Forex Day Monster "
#property link "http://www.forexprofitmonster.com"
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color1 Sienna
#property indicator_color2 Yellow
#property indicator_color3 Fuchsia
int gi_76 = 52;
int gi_80 = 5;
int gi_84 = 20;
double gd_88 = 2.0;
double g_pips_96 = 2.0;
double g_ibuf_104[];
double g_ibuf_108[];
double g_ibuf_112[];
int gi_116 = 0;
int g_bars_120 = 0;
int gi_unused_124 = 0;
double gd_128;
double gd_136;
int init() {
SetIndexStyle(0, DRAW_LINE, STYLE_SOLID, 2);
SetIndexStyle(1, DRAW_ARROW);
SetIndexArrow(1, 159);
SetIndexStyle(2, DRAW_ARROW);
SetIndexArrow(2, 159);
SetIndexBuffer(0, g_ibuf_104);
SetIndexBuffer(1, g_ibuf_108);
SetIndexBuffer(2, g_ibuf_112);
IndicatorDigits(4);
return (0);
}
int deinit() {
return (0);
}
int start() {
double ld_28;
double ld_44;
double ld_52;
double ld_60;
double ld_68;
double ld_76;
double ld_84;
string ls_0 = "2015.11.01";
int l_str2time_8 = StrToTime(ls_0);
if (TimeCurrent() >= l_str2time_8) {
Alert(" Trial version has expired! Email support@forexprofitmonster.com with broker account number for rights to full version!");
return (0);
}
int li_16 = 0;
double ld_20 = 0.000000001;
if (g_bars_120 == Bars) return (0);
gd_128 = 2.0 / (gi_84 + 1);
gd_136 = 2.0 / (gi_80 + 1);
gi_116 = IndicatorCounted();
if (Bars <= gi_76 + 2) return (0);
if (gi_116 < 0) return (-1);
if (gi_116 > 0) gi_116--;
li_16 = Bars - gi_76 - 2;
double ld_36 = Close[li_16 + 1];
while (li_16 >= 0) {
if (li_16 == Bars - gi_76 - 2) ld_36 = Close[li_16 + 1];
ld_44 = MathAbs(Close[li_16] - (Close[li_16 + gi_76]));
ld_20 = 0.000000001;
for (int l_count_12 = 0; l_count_12 < gi_76; l_count_12++) ld_20 += MathAbs(Close[li_16 + l_count_12] - (Close[li_16 + l_count_12 + 1]));
ld_52 = ld_44 / ld_20;
ld_60 = gd_136 - gd_128;
ld_68 = ld_52 * ld_60;
ld_76 = ld_68 + gd_128;
ld_28 = ld_36 + MathPow(ld_76, gd_88) * (Close[li_16] - ld_36);
g_ibuf_104[li_16] = ld_28;
ld_84 = ld_28 - ld_36;
if (MathAbs(ld_84) > g_pips_96 * Point && ld_84 > 0.0) g_ibuf_108[li_16] = ld_28;
else g_ibuf_108[li_16] = 0;
if (MathAbs(ld_84) > g_pips_96 * Point && ld_84 < 0.0) g_ibuf_112[li_16] = ld_28;
else g_ibuf_112[li_16] = 0;
ld_36 = ld_28;
li_16--;
}
g_bars_120 = Bars;
return (0);
}
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