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i-RSICandleOverBought-Sold
//+------------------------------------------------------------------+
//| Stoch Candle OverBought-Sold.mq4 |
//| Copyright © 2006, MetaQuotes Software Corp. |
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net"
//+------------------------------------------------------------------+
//| StochCandles.mq4 |
//| Colored Candles, based on Stochastic Signal. |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2007, Christof Risch (iya)"
#property link "http://www.forexfactory.com/showthread.php?t=13321"
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_color1 Green
#property indicator_color2 Red
#property indicator_color3 Green
#property indicator_color4 Red
#property indicator_width1 1
#property indicator_width2 1
#property indicator_width3 3
#property indicator_width4 3
//#property indicator_color5 Orange
//#property indicator_color6 Orange
//#property indicator_color7 Orange
//#property indicator_color8 Orange
#property indicator_width5 1
#property indicator_width6 1
#property indicator_width7 3
#property indicator_width8 3
//---- stoch settings
extern double RSI_Period=14,
RSI_UpLevel = 70,
RSI_DownLevel = 30;
//---- input parameters
extern color BarUp=Green,
BarDown = Red,
BullCandle = Green,
BearCandle = Red;
//BarUp2 = Orange,
//BarDown2 = Orange,
//MedCandle = Orange,
//MedCandle2 = Orange;
extern int BarWidth=1,
CandleWidth=3,
BarWidth2 = 1,
CandleWidth2 = 3;
//---- buffers
double Buffer1[];
double Buffer2[];
double Buffer3[];
double Buffer4[];
//double Buffer5[];
//double Buffer6[];
//double Buffer7[];
//double Buffer8[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0,DRAW_HISTOGRAM,0,BarWidth,BarUp);
SetIndexStyle(1,DRAW_HISTOGRAM,0,BarWidth,BarDown);
SetIndexStyle(2,DRAW_HISTOGRAM,0,CandleWidth,BullCandle);
SetIndexStyle(3,DRAW_HISTOGRAM,0,CandleWidth,BearCandle);
SetIndexBuffer(0,Buffer1);
SetIndexBuffer(1,Buffer2);
SetIndexBuffer(2,Buffer3);
SetIndexBuffer(3,Buffer4);
return(0);
}
//+------------------------------------------------------------------+
double RSI(int i=0) {return(iRSI(NULL,0,RSI_Period,PRICE_CLOSE,i));}
//+------------------------------------------------------------------+
//+------------------------------------------------------------------+
void SetBullCandle(int i=0)
{
Buffer1[i] = High[i];
Buffer2[i] = Low[i];
Buffer3[i] = MathMax(Open[i],Close[i]);
Buffer4[i] = MathMin(Open[i],Close[i]);
}
//+------------------------------------------------------------------+
void SetBearCandle(int i=0)
{
Buffer1[i] = Low[i];
Buffer2[i] = High[i];
Buffer3[i] = MathMin(Open[i],Close[i]);
Buffer4[i] = MathMax(Open[i],Close[i]);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars--;
int limit=Bars-counted_bars;
if(counted_bars==0) limit--;
for(int i=limit; i>=0; i--)
{
double rsi=RSI(i);
bool bull=((rsi<RSI_DownLevel)),
bear =((rsi>RSI_UpLevel)),
Med=((rsi<RSI_UpLevel) && (rsi>RSI_DownLevel));
if(!bull && !bear && !Med)
{
bull = ((rsi<RSI_DownLevel));
bear = ((rsi>RSI_UpLevel));
Med=((rsi<RSI_UpLevel) && (rsi>RSI_DownLevel));
}
if(bull) SetBullCandle(i);
else if(bear) SetBearCandle(i);
}
return(0);
}
//+------------------------------------------------------------------+
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