Price Data Components
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Limiteddonchianchanel
//+------------------------------------------------------------------+
//| Limiteddonchianchanel.mq4 |
//| Copyright 2013, MetaQuotes Software Corp. |
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright 2013, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net"
//---- indicator settings
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color1 Green
#property indicator_color2 Red
#property indicator_color3 DarkKhaki
#property indicator_width1 2
#property indicator_width2 2
#property indicator_width3 1
//---- indicator parameters
extern int periods=50;
extern int distance=200;
extern bool fixed=false;
//---- indicator buffers
double upper[];
double lower[];
double middle[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- drawing settings
SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_LINE);
SetIndexStyle(2,DRAW_LINE,STYLE_DOT);
//---- indicator buffers mapping
SetIndexBuffer(0,upper);
SetIndexBuffer(1,lower);
SetIndexBuffer(2,middle);
//---- name for DataWindow and indicator subwindow label
IndicatorShortName("Limited Donchian Chanel("+periods+")");
SetIndexLabel(0,"Upper");
SetIndexLabel(1,"Lower");
SetIndexLabel(2,"Middle");
//---- initialization done
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator start function |
//+------------------------------------------------------------------+
int start()
{
int i=Bars-IndicatorCounted();
while(i>=0)
{
double u=iHigh(NULL,0,iHighest(NULL,0,MODE_HIGH,periods,i));
double l=iLow(NULL,0,iLowest(NULL,0,MODE_LOW,periods,i));
if(iHigh(NULL,0,i)>upper[i+1] || iLow(NULL,0,i)<lower[i+1])
{
if(iHigh(NULL,0,i)>upper[i+1])
{
upper[i]=iHigh(NULL,0,i);
if(upper[i]-lower[i+1]>distance*Point)
lower[i]=upper[i]-distance*Point;
else
lower[i]=lower[i+1];
}
if(iLow(NULL,0,i)<lower[i+1])
{
lower[i]=iLow(NULL,0,i);
if(upper[i]-lower[i+1]>distance*Point)
upper[i]=lower[i]+distance*Point;
else
upper[i]=upper[i+1];
}
}
else
{
upper[i]=upper[i+1];
lower[i]=lower[i+1];
}
if(fixed==false)
{
if(upper[i]>u)
upper[i]=u;
if(lower[i]<l)
lower[i]=l;
}
middle[i]=(upper[i]+lower[i])/2;
i--;
}
return(0);
}
//+------------------------------------------------------------------+
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