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FractalSupportResistance
#property copyright "Alexander Elgin"
#property link "alexmost113@mail.ru"
#property indicator_chart_window
#property indicator_color1 Green
#property indicator_color2 Gold
#property indicator_color3 DarkOrange
#property indicator_color4 Red
#property indicator_color5 FireBrick
#property indicator_style1 STYLE_DOT
#property indicator_style2 STYLE_DOT
#property indicator_style3 STYLE_SOLID
#property indicator_style4 STYLE_SOLID
#property indicator_style5 STYLE_SOLID
#define PERIODS_NUMBER 5
#define INDICATOR_NAME "Fractal Support Resistance"
#define SUPPORT "support"
#define RESISTANCE "resistance"
#define BAR_TO_START_SCAN_FROM 2
int timeframes[PERIODS_NUMBER] = {PERIOD_H1, PERIOD_H4, PERIOD_D1, PERIOD_W1, PERIOD_MN1};
int styles[PERIODS_NUMBER] = {indicator_style1, indicator_style2, indicator_style3, indicator_style4, indicator_style5};
color colors[PERIODS_NUMBER] = {indicator_color1, indicator_color2, indicator_color3, indicator_color4, indicator_color5};
int init() {
IndicatorShortName(INDICATOR_NAME);
return(0);
}
int deinit() {
string object_types[2] = {SUPPORT, RESISTANCE};
for(int timeframe_index = 0; timeframe_index < ArraySize(timeframes); timeframe_index++)
for(int object_type_index = 0; object_type_index < ArraySize(object_types); object_type_index++)
ObjectDelete(getTrendLineName(object_types[object_type_index], timeframes[timeframe_index]));
return(0);
}
int start() {
for(int timeframe_index = 0; timeframe_index < ArraySize(timeframes); timeframe_index++) {
if(Period() <= timeframes[timeframe_index]) {
drawResistance(getUpperFractalBar(timeframes[timeframe_index], BAR_TO_START_SCAN_FROM), timeframe_index);
drawSupport(getLowerFractalBar(timeframes[timeframe_index], BAR_TO_START_SCAN_FROM), timeframe_index);
}
}
return(0);
}
int getUpperFractalBar(int timeframe, int starting_bar) {
for(int bar = starting_bar; bar < Bars; bar++)
if(isUpperFractal(timeframe, bar)) return(bar);
return (-1);
}
bool isUpperFractal(int timeframe, int bar) {
for(int offset = -2; offset <= 2; offset++)
if( (offset != 0) && (iHigh(Symbol(), timeframe, bar + offset) > iHigh(Symbol(), timeframe, bar)) ) return(false);
return (true);
}
int getLowerFractalBar(int timeframe, int starting_bar) {
for(int bar = starting_bar; bar < Bars; bar++)
if(isLowerFractal(timeframe, bar)) return(bar);
return (-1);
}
bool isLowerFractal(int timeframe, int bar) {
for(int offset = -2; offset <= 2; offset++)
if( (offset != 0) && (iLow(Symbol(), timeframe, bar + offset) < iLow(Symbol(), timeframe, bar)) ) return(false);
return (true);
}
void drawResistance(int bar_index, int timeframe_index) {
if(bar_index > 0) drawTrendLine(getTrendLineName(RESISTANCE, timeframes[timeframe_index]), iHigh(Symbol(), timeframes[timeframe_index], bar_index), colors[timeframe_index], styles[timeframe_index]);
}
void drawSupport(int bar_index, int timeframe_index) {
if(bar_index > 0) drawTrendLine(getTrendLineName(SUPPORT, timeframes[timeframe_index]), iLow(Symbol(), timeframes[timeframe_index], bar_index), colors[timeframe_index], styles[timeframe_index]);
}
void drawTrendLine(string object_name, double price, color line_color, int line_style) {
ObjectDelete(object_name);
ObjectCreate(object_name, OBJ_HLINE, 0, Time[0], price, Time[Bars - 1], price);
ObjectSet(object_name, OBJPROP_COLOR, line_color);
ObjectSet(object_name, OBJPROP_STYLE, line_style);
}
string getTrendLineName(string object_type, int timeframe) {
return(object_type + getTimeframeName(timeframe));
}
string getTimeframeName(int timeframe) {
static int timeframe_periods[] = {PERIOD_M1, PERIOD_M5, PERIOD_M15, PERIOD_M30, PERIOD_H1, PERIOD_H4, PERIOD_D1, PERIOD_W1, PERIOD_MN1};
static string timeframe_names[] = {"M1", "M5", "M15", "M30", "H1", "H4", "D1", "W1", "MN1"};
for(int i = 0; i < ArraySize(timeframe_periods); i++)
if(timeframe == timeframe_periods[i]) return (timeframe_names[i]);
return("Unknown");
}
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