i_Sadukey_V1_v1
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This script is designed as a custom technical indicator for the MetaTrader 4 platform. Its primary purpose is to generate visual data on a trading chart by performing complex mathematical weighted calculations based on historical price action.
Core Functionality
The logic operates by analyzing a specific window of recent market data (determined by the user-defined "CountBars" setting). Rather than relying on a simple average, it processes the interaction between four key price points—Open, High, Low, and Close—to create two distinct visual outputs displayed as histograms.
How the Calculation Works
The script performs a multi-layered calculation that can be broken down into three main stages:
1. Price Averaging For every candle in the lookback period, the script first calculates an average price by combining the High, Low, Open, and Close prices. It then blends this average with the "Close" price (for the first histogram) or the "Open" price (for the second histogram). This ensures that the indicator accounts for both the overall range of the price and the specific direction in which the candle ended.
2. Weighted Distribution The core "intelligence" of this script lies in its weighting system. It does not treat all historical candles equally. Instead, it applies a unique numerical multiplier (a "weight") to each individual candle over a 66-candle span.
- Some periods are given higher priority, while others are weighted differently to account for momentum or trend decay.
- The weights fluctuate significantly, shifting between positive and negative values, which allows the indicator to react dynamically to changing market conditions rather than just moving in a straight line.
3. Normalization and Display Once all the weighted sums are calculated, the script performs a "Normalization" step. This rounds the final figures to a specific number of decimal places (defined by the "nd" setting) to ensure the visual display remains clean and readable on the chart.
Visual Output
The result of these calculations is mapped onto two separate buffers:
- Buffer 1: A red histogram that highlights the influence of price action weighted toward "Closing" values.
- Buffer 2: A blue histogram that highlights the influence of price action weighted toward "Opening" values.
By comparing these two histograms, traders can observe how the market's weight is shifting between various historical data points, providing a specialized view of price momentum and trend structure.
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i_Sadukey_V1_v1
//+----------------------------------------------------------------------------+
//| i-Sadukey_v1.mq4 |
//| |
//| |
//| |
//| |
//| |
//+----------------------------------------------------------------------------+
#property copyright "*"
#property link "*"
//#property indicator_separate_window
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Red
#property indicator_width1 5
#property indicator_color2 Blue
#property indicator_width2 5
extern int CountBars=1000;
extern int nd=4;
//---- buffers
double Buffer1[];
double Buffer2[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
SetIndexStyle(0,DRAW_HISTOGRAM,2);
SetIndexBuffer(0,Buffer1);
SetIndexDrawBegin(0,CountBars);
SetIndexStyle(1,DRAW_HISTOGRAM,2);
SetIndexBuffer(1,Buffer2);
SetIndexDrawBegin(1,CountBars);
//----
return(0);
}
//+------------------------------------------------------------------+
//
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
int i,AccountedBars,shift;
AccountedBars = Bars-CountBars;
for(i=AccountedBars;i<=Bars-1;i++)
{
shift = Bars - 1 - i;
Buffer1[shift]=
0.11859648*((Open[shift+0]+Close[shift+0]+High[shift+0]+Low[shift+0])/4 +Close[shift+0])/2
+0.11781324*((Open[shift+1]+Close[shift+1]+High[shift+1]+Low[shift+1])/4 +Close[shift+1])/2
+0.11548308*((Open[shift+2]+Close[shift+2]+High[shift+2]+Low[shift+2])/4 +Close[shift+2])/2
+0.11166411*((Open[shift+3]+Close[shift+3]+High[shift+3]+Low[shift+3])/4 +Close[shift+3])/2
+0.10645106*((Open[shift+4]+Close[shift+4]+High[shift+4]+Low[shift+4])/4 +Close[shift+4])/2
+0.09997253*((Open[shift+5]+Close[shift+5]+High[shift+5]+Low[shift+5])/4 +Close[shift+5])/2
+0.09238688*((Open[shift+6]+Close[shift+6]+High[shift+6]+Low[shift+6])/4 +Close[shift+6])/2
+0.08387751*((Open[shift+7]+Close[shift+7]+High[shift+7]+Low[shift+7])/4 +Close[shift+7])/2
+0.07464713*((Open[shift+8]+Close[shift+8]+High[shift+8]+Low[shift+8])/4 +Close[shift+8])/2
+0.06491178*((Open[shift+9]+Close[shift+9]+High[shift+9]+Low[shift+9])/4 +Close[shift+9])/2
+0.05489443*((Open[shift+10]+Close[shift+10]+High[shift+10]+Low[shift+10])/4 +Close[shift+10])/2
+0.04481833*((Open[shift+11]+Close[shift+11]+High[shift+11]+Low[shift+11])/4 +Close[shift+11])/2
+0.03490071*((Open[shift+12]+Close[shift+12]+High[shift+12]+Low[shift+12])/4 +Close[shift+12])/2
+0.02534672*((Open[shift+13]+Close[shift+13]+High[shift+13]+Low[shift+13])/4 +Close[shift+13])/2
+0.01634375*((Open[shift+14]+Close[shift+14]+High[shift+14]+Low[shift+14])/4 +Close[shift+14])/2
+0.00805678*((Open[shift+15]+Close[shift+15]+High[shift+15]+Low[shift+15])/4 +Close[shift+15])/2
+0.00062421*((Open[shift+16]+Close[shift+16]+High[shift+16]+Low[shift+16])/4 +Close[shift+16])/2
-0.00584512*((Open[shift+17]+Close[shift+17]+High[shift+17]+Low[shift+17])/4 +Close[shift+17])/2
-0.01127391*((Open[shift+18]+Close[shift+18]+High[shift+18]+Low[shift+18])/4 +Close[shift+18])/2
-0.01561738*((Open[shift+19]+Close[shift+19]+High[shift+19]+Low[shift+19])/4 +Close[shift+19])/2
-0.01886307*((Open[shift+20]+Close[shift+20]+High[shift+20]+Low[shift+20])/4 +Close[shift+20])/2
-0.02102974*((Open[shift+21]+Close[shift+21]+High[shift+21]+Low[shift+21])/4 +Close[shift+21])/2
-0.02216516*((Open[shift+22]+Close[shift+22]+High[shift+22]+Low[shift+22])/4 +Close[shift+22])/2
-0.02234315*((Open[shift+23]+Close[shift+23]+High[shift+23]+Low[shift+23])/4 +Close[shift+23])/2
-0.02165992*((Open[shift+24]+Close[shift+24]+High[shift+24]+Low[shift+24])/4 +Close[shift+24])/2
-0.02022973*((Open[shift+25]+Close[shift+25]+High[shift+25]+Low[shift+25])/4 +Close[shift+25])/2
-0.01818026*((Open[shift+26]+Close[shift+26]+High[shift+26]+Low[shift+26])/4 +Close[shift+26])/2
-0.01564777*((Open[shift+27]+Close[shift+27]+High[shift+27]+Low[shift+27])/4 +Close[shift+27])/2
-0.01277219*((Open[shift+28]+Close[shift+28]+High[shift+28]+Low[shift+28])/4 +Close[shift+28])/2
-0.00969230*((Open[shift+29]+Close[shift+29]+High[shift+29]+Low[shift+29])/4 +Close[shift+29])/2
-0.00654127*((Open[shift+30]+Close[shift+30]+High[shift+30]+Low[shift+30])/4 +Close[shift+30])/2
-0.00344276*((Open[shift+31]+Close[shift+31]+High[shift+31]+Low[shift+31])/4 +Close[shift+31])/2
-0.00050728*((Open[shift+32]+Close[shift+32]+High[shift+32]+Low[shift+32])/4 +Close[shift+32])/2
+0.00217042*((Open[shift+33]+Close[shift+33]+High[shift+33]+Low[shift+33])/4 +Close[shift+33])/2
+0.00451354*((Open[shift+34]+Close[shift+34]+High[shift+34]+Low[shift+34])/4 +Close[shift+34])/2
+0.00646441*((Open[shift+35]+Close[shift+35]+High[shift+35]+Low[shift+35])/4 +Close[shift+35])/2
+0.00798513*((Open[shift+36]+Close[shift+36]+High[shift+36]+Low[shift+36])/4 +Close[shift+36])/2
+0.00905725*((Open[shift+37]+Close[shift+37]+High[shift+37]+Low[shift+37])/4 +Close[shift+37])/2
+0.00968091*((Open[shift+38]+Close[shift+38]+High[shift+38]+Low[shift+38])/4 +Close[shift+38])/2
+0.00987326*((Open[shift+39]+Close[shift+39]+High[shift+39]+Low[shift+39])/4 +Close[shift+39])/2
+0.00966639*((Open[shift+40]+Close[shift+40]+High[shift+40]+Low[shift+40])/4 +Close[shift+40])/2
+0.00910488*((Open[shift+41]+Close[shift+41]+High[shift+41]+Low[shift+41])/4 +Close[shift+41])/2
+0.00824306*((Open[shift+42]+Close[shift+42]+High[shift+42]+Low[shift+42])/4 +Close[shift+42])/2
+0.00714199*((Open[shift+43]+Close[shift+43]+High[shift+43]+Low[shift+43])/4 +Close[shift+43])/2
+0.00586655*((Open[shift+44]+Close[shift+44]+High[shift+44]+Low[shift+44])/4 +Close[shift+44])/2
+0.00448255*((Open[shift+45]+Close[shift+45]+High[shift+45]+Low[shift+45])/4 +Close[shift+45])/2
+0.00305396*((Open[shift+46]+Close[shift+46]+High[shift+46]+Low[shift+46])/4 +Close[shift+46])/2
+0.00164061*((Open[shift+47]+Close[shift+47]+High[shift+47]+Low[shift+47])/4 +Close[shift+47])/2
+0.00029596*((Open[shift+48]+Close[shift+48]+High[shift+48]+Low[shift+48])/4 +Close[shift+48])/2
-0.00093445*((Open[shift+49]+Close[shift+49]+High[shift+49]+Low[shift+49])/4 +Close[shift+49])/2
-0.00201426*((Open[shift+50]+Close[shift+50]+High[shift+50]+Low[shift+50])/4 +Close[shift+50])/2
-0.00291701*((Open[shift+51]+Close[shift+51]+High[shift+51]+Low[shift+51])/4 +Close[shift+51])/2
-0.00362661*((Open[shift+52]+Close[shift+52]+High[shift+52]+Low[shift+52])/4 +Close[shift+52])/2
-0.00413703*((Open[shift+53]+Close[shift+53]+High[shift+53]+Low[shift+53])/4 +Close[shift+53])/2
-0.00445206*((Open[shift+54]+Close[shift+54]+High[shift+54]+Low[shift+54])/4 +Close[shift+54])/2
-0.00458437*((Open[shift+55]+Close[shift+55]+High[shift+55]+Low[shift+55])/4 +Close[shift+55])/2
-0.00455457*((Open[shift+56]+Close[shift+56]+High[shift+56]+Low[shift+56])/4 +Close[shift+56])/2
-0.00439006*((Open[shift+57]+Close[shift+57]+High[shift+57]+Low[shift+57])/4 +Close[shift+57])/2
-0.00412379*((Open[shift+58]+Close[shift+58]+High[shift+58]+Low[shift+58])/4 +Close[shift+58])/2
-0.00379323*((Open[shift+59]+Close[shift+59]+High[shift+59]+Low[shift+59])/4 +Close[shift+59])/2
-0.00343966*((Open[shift+60]+Close[shift+60]+High[shift+60]+Low[shift+60])/4 +Close[shift+60])/2
-0.00310850*((Open[shift+61]+Close[shift+61]+High[shift+61]+Low[shift+61])/4 +Close[shift+61])/2
-0.00285188*((Open[shift+62]+Close[shift+62]+High[shift+62]+Low[shift+62])/4 +Close[shift+62])/2
-0.00273508*((Open[shift+63]+Close[shift+63]+High[shift+63]+Low[shift+63])/4 +Close[shift+63])/2
-0.00274361*((Open[shift+64]+Close[shift+64]+High[shift+64]+Low[shift+64])/4 +Close[shift+64])/2
+0.01018757*((Open[shift+65]+Close[shift+65]+High[shift+65]+Low[shift+65])/4 +Close[shift+65])/2;
Buffer2[shift]=
0.11859648*(((Open[shift+0]+Close[shift+0]+High[shift+0]+Low[shift+0])/4 +Open[shift+0])/2)
+0.11781324*(((Open[shift+1]+Close[shift+1]+High[shift+1]+Low[shift+1])/4 +Open[shift+1])/2)
+0.11548308*(((Open[shift+2]+Close[shift+2]+High[shift+2]+Low[shift+2])/4 +Open[shift+2])/2)
+0.11166411*(((Open[shift+3]+Close[shift+3]+High[shift+3]+Low[shift+3])/4 +Open[shift+3])/2)
+0.10645106*(((Open[shift+4]+Close[shift+4]+High[shift+4]+Low[shift+4])/4 +Open[shift+4])/2)
+0.09997253*(((Open[shift+5]+Close[shift+5]+High[shift+5]+Low[shift+5])/4 +Open[shift+5])/2)
+0.09238688*(((Open[shift+6]+Close[shift+6]+High[shift+6]+Low[shift+6])/4 +Open[shift+6])/2)
+0.08387751*(((Open[shift+7]+Close[shift+7]+High[shift+7]+Low[shift+7])/4 +Open[shift+7])/2)
+0.07464713*(((Open[shift+8]+Close[shift+8]+High[shift+8]+Low[shift+8])/4 +Open[shift+8])/2)
+0.06491178*(((Open[shift+9]+Close[shift+9]+High[shift+9]+Low[shift+9])/4 +Open[shift+9])/2)
+0.05489443*(((Open[shift+10]+Close[shift+10]+High[shift+10]+Low[shift+10])/4 +Open[shift+10])/2)
+0.04481833*(((Open[shift+11]+Close[shift+11]+High[shift+11]+Low[shift+11])/4 +Open[shift+11])/2)
+0.03490071*(((Open[shift+12]+Close[shift+12]+High[shift+12]+Low[shift+12])/4 +Open[shift+12])/2)
+0.02534672*(((Open[shift+13]+Close[shift+13]+High[shift+13]+Low[shift+13])/4 +Open[shift+13])/2)
+0.01634375*(((Open[shift+14]+Close[shift+14]+High[shift+14]+Low[shift+14])/4 +Open[shift+14])/2)
+0.00805678*(((Open[shift+15]+Close[shift+15]+High[shift+15]+Low[shift+15])/4 +Open[shift+15])/2)
+0.00062421*(((Open[shift+16]+Close[shift+16]+High[shift+16]+Low[shift+16])/4 +Open[shift+16])/2)
-0.00584512*(((Open[shift+17]+Close[shift+17]+High[shift+17]+Low[shift+17])/4 +Open[shift+17])/2)
-0.01127391*(((Open[shift+18]+Close[shift+18]+High[shift+18]+Low[shift+18])/4 +Open[shift+18])/2)
-0.01561738*(((Open[shift+19]+Close[shift+19]+High[shift+19]+Low[shift+19])/4 +Open[shift+19])/2)
-0.01886307*(((Open[shift+20]+Close[shift+20]+High[shift+20]+Low[shift+20])/4 +Open[shift+20])/2)
-0.02102974*(((Open[shift+21]+Close[shift+21]+High[shift+21]+Low[shift+21])/4 +Open[shift+21])/2)
-0.02216516*(((Open[shift+22]+Close[shift+22]+High[shift+22]+Low[shift+22])/4 +Open[shift+22])/2)
-0.02234315*(((Open[shift+23]+Close[shift+23]+High[shift+23]+Low[shift+23])/4 +Open[shift+23])/2)
-0.02165992*(((Open[shift+24]+Close[shift+24]+High[shift+24]+Low[shift+24])/4 +Open[shift+24])/2)
-0.02022973*(((Open[shift+25]+Close[shift+25]+High[shift+25]+Low[shift+25])/4 +Open[shift+25])/2)
-0.01818026*(((Open[shift+26]+Close[shift+26]+High[shift+26]+Low[shift+26])/4 +Open[shift+26])/2)
-0.01564777*(((Open[shift+27]+Close[shift+27]+High[shift+27]+Low[shift+27])/4 +Open[shift+27])/2)
-0.01277219*(((Open[shift+28]+Close[shift+28]+High[shift+28]+Low[shift+28])/4 +Open[shift+28])/2)
-0.00969230*(((Open[shift+29]+Close[shift+29]+High[shift+29]+Low[shift+29])/4 +Open[shift+29])/2)
-0.00654127*(((Open[shift+30]+Close[shift+30]+High[shift+30]+Low[shift+30])/4 +Open[shift+30])/2)
-0.00344276*(((Open[shift+31]+Close[shift+31]+High[shift+31]+Low[shift+31])/4 +Open[shift+31])/2)
-0.00050728*(((Open[shift+32]+Close[shift+32]+High[shift+32]+Low[shift+32])/4 +Open[shift+32])/2)
+0.00217042*(((Open[shift+33]+Close[shift+33]+High[shift+33]+Low[shift+33])/4 +Open[shift+33])/2)
+0.00451354*(((Open[shift+34]+Close[shift+34]+High[shift+34]+Low[shift+34])/4 +Open[shift+34])/2)
+0.00646441*(((Open[shift+35]+Close[shift+35]+High[shift+35]+Low[shift+35])/4 +Open[shift+35])/2)
+0.00798513*(((Open[shift+36]+Close[shift+36]+High[shift+36]+Low[shift+36])/4 +Open[shift+36])/2)
+0.00905725*(((Open[shift+37]+Close[shift+37]+High[shift+37]+Low[shift+37])/4 +Open[shift+37])/2)
+0.00968091*(((Open[shift+38]+Close[shift+38]+High[shift+38]+Low[shift+38])/4 +Open[shift+38])/2)
+0.00987326*(((Open[shift+39]+Close[shift+39]+High[shift+39]+Low[shift+39])/4 +Open[shift+39])/2)
+0.00966639*(((Open[shift+40]+Close[shift+40]+High[shift+40]+Low[shift+40])/4 +Open[shift+40])/2)
+0.00910488*(((Open[shift+41]+Close[shift+41]+High[shift+41]+Low[shift+41])/4 +Open[shift+41])/2)
+0.00824306*(((Open[shift+42]+Close[shift+42]+High[shift+42]+Low[shift+42])/4 +Open[shift+42])/2)
+0.00714199*(((Open[shift+43]+Close[shift+43]+High[shift+43]+Low[shift+43])/4 +Open[shift+43])/2)
+0.00586655*(((Open[shift+44]+Close[shift+44]+High[shift+44]+Low[shift+44])/4 +Open[shift+44])/2)
+0.00448255*(((Open[shift+45]+Close[shift+45]+High[shift+45]+Low[shift+45])/4 +Open[shift+45])/2)
+0.00305396*(((Open[shift+46]+Close[shift+46]+High[shift+46]+Low[shift+46])/4 +Open[shift+46])/2)
+0.00164061*(((Open[shift+47]+Close[shift+47]+High[shift+47]+Low[shift+47])/4 +Open[shift+47])/2)
+0.00029596*(((Open[shift+48]+Close[shift+48]+High[shift+48]+Low[shift+48])/4 +Open[shift+48])/2)
-0.00093445*(((Open[shift+49]+Close[shift+49]+High[shift+49]+Low[shift+49])/4 +Open[shift+49])/2)
-0.00201426*(((Open[shift+50]+Close[shift+50]+High[shift+50]+Low[shift+50])/4 +Open[shift+50])/2)
-0.00291701*(((Open[shift+51]+Close[shift+51]+High[shift+51]+Low[shift+51])/4 +Open[shift+51])/2)
-0.00362661*(((Open[shift+52]+Close[shift+52]+High[shift+52]+Low[shift+52])/4 +Open[shift+52])/2)
-0.00413703*(((Open[shift+53]+Close[shift+53]+High[shift+53]+Low[shift+53])/4 +Open[shift+53])/2)
-0.00445206*(((Open[shift+54]+Close[shift+54]+High[shift+54]+Low[shift+54])/4 +Open[shift+54])/2)
-0.00458437*(((Open[shift+55]+Close[shift+55]+High[shift+55]+Low[shift+55])/4 +Open[shift+55])/2)
-0.00455457*(((Open[shift+56]+Close[shift+56]+High[shift+56]+Low[shift+56])/4 +Open[shift+56])/2)
-0.00439006*(((Open[shift+57]+Close[shift+57]+High[shift+57]+Low[shift+57])/4 +Open[shift+57])/2)
-0.00412379*(((Open[shift+58]+Close[shift+58]+High[shift+58]+Low[shift+58])/4 +Open[shift+58])/2)
-0.00379323*(((Open[shift+59]+Close[shift+59]+High[shift+59]+Low[shift+59])/4 +Open[shift+59])/2)
-0.00343966*(((Open[shift+60]+Close[shift+60]+High[shift+60]+Low[shift+60])/4 +Open[shift+60])/2)
-0.00310850*(((Open[shift+61]+Close[shift+61]+High[shift+61]+Low[shift+61])/4 +Open[shift+61])/2)
-0.00285188*(((Open[shift+62]+Close[shift+62]+High[shift+62]+Low[shift+62])/4 +Open[shift+62])/2)
-0.00273508*(((Open[shift+63]+Close[shift+63]+High[shift+63]+Low[shift+63])/4 +Open[shift+63])/2)
-0.00274361*(((Open[shift+64]+Close[shift+64]+High[shift+64]+Low[shift+64])/4 +Open[shift+64])/2)
+0.01018757*(((Open[shift+65]+Close[shift+65]+High[shift+65]+Low[shift+65])/4 +Open[shift+65])/2);
Buffer1[shift]= NormalizeDouble(Buffer1[shift],nd);
Buffer2[shift]= NormalizeDouble(Buffer2[shift],nd);
}
return(0);
}
//+------------------------------------------------------------------+
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