KhaosAssault
Download script
The KhaosAssault indicator is designed to provide traders with a visual representation of momentum and trend direction by analyzing the relationship between two different moving averages. Instead of cluttering your main price chart, it appears in a separate window at the bottom of your screen, allowing you to monitor market energy independently of price fluctuations.
Core Logic and Mechanism
The tool operates based on the mathematical difference between a Fast Moving Average and a Slow Moving Average. By calculating this gap, the indicator identifies how quickly the price is moving and in which direction it is trending.
To provide users with flexibility, the script allows for different types of moving averages (such as Simple, Exponential, Smoothed, or Linear Weighted) and adjustable time periods for both the fast and slow components. This means the tool can be tuned to be highly sensitive to rapid price changes or more stable for identifying long-term trends.
Visual Representation
The primary output of the script is a color-coded histogram that serves as a momentum tracker:
- Green Histogram: This appears when the momentum is moving upward. It signals that the current difference between the moving averages is increasing in a positive direction compared to the previous data point.
- Red Histogram: This appears when the momentum is moving downward. It signals that the trend is losing upward strength or gaining downward velocity.
By focusing on the "direction of change" rather than just the raw price, the indicator helps filter out minor market noise. It highlights the actual shift in sentiment—showing you exactly when the "push" of the market shifts from one direction to another.
Automated Adjustments
The script also includes an intelligent detection system for different types of currency pairs. It automatically recognizes whether you are trading a standard currency pair or a Yen-based pair (JPY). Based on this detection, it automatically adjusts its internal scale and visual levels to ensure that the indicator remains readable and accurate regardless of whether the asset has small decimal movements or larger whole-number fluctuations.
//+------------------------------------------------------------------+
//| KhaosAssault.mq4 |
//| SGalaise |
//| |
//+------------------------------------------------------------------+
#property copyright "Sgalaise"
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 Black
#property indicator_color2 LawnGreen
#property indicator_color3 Red
//---- input parameters
extern int FastMovingMAType=3;
extern int FastMovingMAPeriod=5;
extern int SlowMovingMAType=1;
extern int SlowMovingMAPeriod=120;
//---- buffers
double CAOBuffer0[];
double CAOBuffer1[];
double CAOBuffer2[];
string SlowMA = "";
string FastMA = "";
double prev,current;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//IndicatorBuffers(3);
switch(FastMovingMAType)
{
case 0: FastMA = "SMA"; break;
case 1: FastMA = "EMA"; break;
case 2: FastMA = "SMMA"; break;
case 3: FastMA = "LWMA"; break;
}
switch(SlowMovingMAType)
{
case 0: SlowMA = "SMA"; break;
case 1: SlowMA = "EMA"; break;
case 2: SlowMA = "SMMA"; break;
case 3: SlowMA = "LWMA"; break;
}
// IndicatorBuffers(3);
//---- indicators
SetIndexStyle(0,DRAW_NONE);
SetIndexStyle(1,DRAW_HISTOGRAM,0,3,LawnGreen);
SetIndexStyle(2,DRAW_HISTOGRAM,0,3,Red);
IndicatorDigits(Digits+1);
SetIndexDrawBegin(0,SlowMovingMAPeriod);
SetIndexDrawBegin(1,SlowMovingMAPeriod);
SetIndexDrawBegin(2,SlowMovingMAPeriod);
SetIndexBuffer(0,CAOBuffer0);
SetIndexBuffer(1,CAOBuffer1);
SetIndexBuffer(2,CAOBuffer2);
//----
IndicatorShortName("KhaosAssault ("+FastMA+":"+FastMovingMAPeriod+", "+SlowMA+":"+SlowMovingMAPeriod+")");
int findsymbol = StringFind(Symbol(),"JPY",0);
//Alert(findsymbol);
if(findsymbol<0)
{
SetLevelStyle(1,1,SteelBlue);
SetLevelValue(1,0.0089);
SetLevelValue(2,0.0055);
SetLevelValue(3,0.0034);
SetLevelValue(4,0.0021);
SetLevelValue(5,0.0013);
SetLevelValue(6,-0.0013);
SetLevelValue(7,-0.0021);
SetLevelValue(8,-0.0034);
SetLevelValue(9,-0.0055);
SetLevelValue(10,-0.0089);
}
else
{
SetLevelStyle(1,1,SteelBlue);
SetLevelValue(1,0.89);
SetLevelValue(2,0.55);
SetLevelValue(3,0.34);
SetLevelValue(4,0.21);
SetLevelValue(5,0.13);
SetLevelValue(6,-0.13);
SetLevelValue(7,-0.21);
SetLevelValue(8,-0.34);
SetLevelValue(9,-0.55);
SetLevelValue(10,-0.89);
}
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int limit;
int counted_bars=IndicatorCounted();
//---- last counted bar will be recounted
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
//---- macd
for(int i=0; i<limit; i++)
CAOBuffer0[i]=iMA(NULL,0,FastMovingMAPeriod,0,FastMovingMAType,PRICE_CLOSE,i)-iMA(NULL,0,SlowMovingMAPeriod,0,SlowMovingMAType,PRICE_CLOSE,i);
//---- dispatch values between 2 buffers
bool up=true;
for(i=limit-1; i>=0; i--)
{
current=CAOBuffer0[i];
prev=CAOBuffer0[i+1];
if(current>prev) up=true;
if(current<prev) up=false;
if(!up)
{
CAOBuffer2[i]=current;
CAOBuffer1[i]=0.0;
}
else
{
CAOBuffer1[i]=current;
CAOBuffer2[i]=0.0;
}
}
return(0);
}
//+------------------------------------------------------------------+
Comments