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MFI-Alert
//+------------------------------------------------------------------+
//| Money Flow Index.mq4 |
//| Copyright © 2005, MetaQuotes Software Corp. |
//| http://www.metaquotes.net/ |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net/"
#property indicator_separate_window
#property indicator_minimum 0
#property indicator_maximum 100
#property indicator_buffers 3
#property indicator_color1 DodgerBlue
#property indicator_color2 LightGray
#property indicator_color3 LightGray
#property indicator_width1 1
#property indicator_width2 1
#property indicator_width3 1
#property indicator_style1 STYLE_SOLID
#property indicator_style2 STYLE_DOT
#property indicator_style3 STYLE_DOT
//---- input parameters
extern int MFIPeriod=12;
extern int ApplyTo=0;
extern bool AlertMode=true;
extern int OverBought=84;
extern int OverSold=16;
//---- buffers
double MFIBuffer[];
double MFIOBBuffer[];
double MFIOSBuffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string sShortName;
//---- indicator lines
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,MFIBuffer);
SetIndexStyle(1,DRAW_LINE);
SetIndexBuffer(1,MFIOBBuffer);
SetIndexStyle(2,DRAW_LINE);
SetIndexBuffer(2,MFIOSBuffer);
//---- name for DataWindow and indicator subwindow label
sShortName="MFI-Alert("+MFIPeriod+")";
IndicatorShortName(sShortName);
SetIndexLabel(0,sShortName);
SetIndexLabel(1,"OverBought");
SetIndexLabel(2,"OverSold");
//---- first values aren't drawn
SetIndexDrawBegin(0,MFIPeriod);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Money Flow Index |
//+------------------------------------------------------------------+
int start()
{
int i,j,nCountedBars;
double dPositiveMF,dNegativeMF,dCurrentTP,dPreviousTP;
//---- insufficient data
if(Bars<=MFIPeriod) return(0);
//---- bars count that does not changed after last indicator launch.
nCountedBars=IndicatorCounted();
//----
i=Bars-MFIPeriod-1;
if(nCountedBars>MFIPeriod)
i=Bars-nCountedBars-1;
while(i>=0)
{
dPositiveMF=0.0;
dNegativeMF=0.0;
dCurrentTP=(High[i]+Low[i]+Close[i])/3;
for(j=0; j<MFIPeriod; j++)
{
dPreviousTP=(High[i+j+1]+Low[i+j+1]+Close[i+j+1])/3;
if(dCurrentTP>dPreviousTP)
dPositiveMF+=Volume[i+j]*dCurrentTP;
else
{
if(dCurrentTP<dPreviousTP)
dNegativeMF+=Volume[i+j]*dCurrentTP;
}
dCurrentTP=dPreviousTP;
}
//----
if(dNegativeMF!=0.0)
MFIBuffer[i]=100-100/(1+dPositiveMF/dNegativeMF);
else
MFIBuffer[i]=100;
//----
i--;
}
if(AlertMode)
{
if(MFIBuffer[1]<OverBought && MFIBuffer[0]>=OverBought)
Alert("MFI "+MFIPeriod+ ", Sell @ Level "+OverBought+" - "+Symbol()+" M"+Period()+" @ "+DoubleToStr(Bid,Digits)+"");
else if(MFIBuffer[1]>OverSold && MFIBuffer[0]<=OverSold)
Alert("MFI "+MFIPeriod+ ", Buy @ Level "+OverSold+" - "+Symbol()+" M"+Period()+" @ "+DoubleToStr(Bid,Digits)+"");
}
//----
return(0);
}
//+------------------------------------------------------------------+
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