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FX Sniper's Chandelier
#property link ""
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_color2 Blue
#property indicator_chart_window
//---- buffers
double Buffer1[];
double Buffer2[];
extern int ATR_Period = 10;
extern double Chandelier_Factor = 1.25;
extern int Entry_Bar = 1;
bool iSL = true;
extern bool LONG = true;
extern double Initial_SL_Factor = 0.75;
int i;
double lprice[],hprice[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
IndicatorBuffers(4);
SetIndexBuffer(0,Buffer1);
SetIndexStyle(0,DRAW_ARROW);
SetIndexArrow(0,159);
SetIndexStyle(1,DRAW_ARROW);
SetIndexArrow(1,159);
SetIndexBuffer(1,Buffer2);
SetIndexLabel(0,"L Stop");
SetIndexLabel(1,"S Stop");
SetIndexBuffer(2,lprice);
SetIndexBuffer(3,hprice);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: add your code here
for (i=Bars;i >=0;i--)
{
Buffer1[i] = EMPTY_VALUE;
Buffer2[i] = EMPTY_VALUE;
}
//----
return(0);
}
//====================================================================
int start()
{
int counted_bars=IndicatorCounted();
if (LONG==true)
//================================= LONG =============================
{
if (iSL == true)
{
Buffer1[Entry_Bar]= Open[Entry_Bar] - Initial_SL_Factor * iATR(NULL,0,ATR_Period,Entry_Bar);
iSL = false;
}
else
{
for( i=Entry_Bar-1;i>=0;i--)
{
if (High[i] <= High[i+1])
Buffer1[i]= Buffer1[i+1];
else
{
if (Buffer1[i+1] >= High[i] - Chandelier_Factor * iATR(NULL,0,ATR_Period,i+1))
Buffer1[i] = Buffer1[i+1];
else
Buffer1[i]= High[i] - Chandelier_Factor * iATR(NULL,0,ATR_Period,i+1);
}
}
}
}
//=================== SHORT ==========================
else
{
if (iSL == true)
{
Buffer2[Entry_Bar]= Low[Entry_Bar] + Initial_SL_Factor * iATR(NULL,0,ATR_Period,Entry_Bar);
iSL = false;
}
else
{
for( i=Entry_Bar-1;i>=0;i--)
{
if (Low[i] >= Low[i+1])
Buffer2[i]= Buffer2[i+1];
else
{
if(Buffer2[i+1] <= Low[i] + Chandelier_Factor * iATR(NULL,0,ATR_Period,i+1))
Buffer2[i]=Buffer2[i+1];
else
Buffer2[i]= Low[i] + Chandelier_Factor * iATR(NULL,0,ATR_Period,i+1);
}
}
}
}
return(0);
}
//+------------------------------------------------------------------+
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