MTF_FXSnipErgoCCI_BarM

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Author: Copyright � 2006, Eli hayun
MTF_FXSnipErgoCCI_BarM

This tool is designed to provide traders with a visual representation of market trends across multiple timeframes simultaneously. Instead of requiring you to switch back and forth between different charts (like moving from a 5-minute chart to a 1-hour chart), this script consolidates that information into a single view.

Core Functionality

Multi-Timeframe Synchronization The script automatically identifies the current timeframe you are viewing and selects four corresponding related timeframes to analyze. For example, if you are looking at a 15-minute chart, it will pull data from specific higher timeframes to give you a broader perspective on market movement.

Trend Identification Logic The logic relies on an external calculation (an "Ergodic CCITrigger") to determine whether the price action is currently in an upward or downward state. It looks at two key values:

  • Open Prices: Where a specific period started.
  • Close Prices: Where that same period ended.

By comparing these two values across different timeframes, the script determines the "momentum" of the market.

Visual Representation The information is displayed in a separate window at the bottom of your trading platform using a series of colored markers:

  • Upward Trend: Represented by blue markers.
  • Downward Trend: Represented by red markers.
  • Layered View: The four different timeframes are stacked vertically with distinct gaps between them. This allows you to see at a glance if the "big picture" (long-term trends) aligns with the "small picture" (short-term moves).

How it Works for the User

  1. Automatic Detection: You don't need to manually set which timeframes to watch; the script detects your current chart and selects the appropriate companions automatically.
  2. Dynamic Labeling: The script places text labels next to each row of markers so you always know which timeframe corresponds to which line.
  3. Trend Alignment: Traders use this to look for "confluence." For instance, if all four rows of markers are blue, it suggests a strong bullish trend across multiple timeframes. If they are mixed, it signals a more complex or undecided market environment.

Summary of Visuals

  • Blue Markers: Signal a bullish (upward) price move for that specific timeframe.
  • Red Markers: Signal a bearish (downward) price move for that specific timeframe.
  • Stacked Rows: Each row represents one of the four analyzed timeframes, arranged from smallest to largest.
Miscellaneous
Implements a curve of type %1
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MTF_FXSnipErgoCCI_BarM 
//+------------------------------------------------------------------+
//|MTF NonLagMAv7.1_4TF_BarM  based on    MTF_MegaTrend_Bar_4TFNextM5 | 
//|                 from STEINITZ lee_yan_cn mod N4TF HAS Bar.mq4    |
//|                  Modified by Matsu, from #MTF Supertrend Bar.mq4 |
//| Forex-TSD.com                        Copyright © 2006, Eli hayun |
//|  M                                    http://www.elihayun.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Eli hayun"
#property link      "http://www.elihayun.com"

#property indicator_separate_window
#property indicator_minimum 0
#property indicator_maximum 5.5
#property indicator_buffers 8
#property indicator_color1 Red
#property indicator_color2 Blue
#property indicator_color3 Red
#property indicator_color4 Blue
#property indicator_color5 Red
#property indicator_color6 Blue
#property indicator_color7 Red
#property indicator_color8 Blue

//---- parameters
extern int pq =2;
extern int pr = 10;
extern int ps = 5;
extern int trigger =3;
//extern int Length = 9;
//extern int method  = 3;
//extern int Price = 0;
//extern int MaMetod2  = 3;
//extern int MaPeriod2 = 2;
extern int BarWidth = 0;
extern color BarColorUp = RoyalBlue;
extern color BarColorDown = MediumVioletRed;
extern color TextColor = White;
extern int MaxBars=500;

double Gap = 1; // Gap between the lines of bars
//---- buffers
double buf4_up[];
double buf4_down[];
double buf3_up[];
double buf3_down[];
double buf2_up[];
double buf2_down[];
double buf1_up[];
double buf1_down[];
//double haOpen;
//double haClose;
double haOpenN;
double haCloseN;


string shortname = "";


int ArrSize = 110;//110,159;
int UniqueNum = 2282;
int Period_1, Period_2, Period_3, Period_4;
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
  
  
   SetIndexStyle(0,DRAW_ARROW,0,BarWidth,BarColorUp);
   SetIndexArrow(0,ArrSize);
   SetIndexBuffer(0,buf1_up);
   SetIndexEmptyValue(0,0.0);
   SetIndexStyle(1,DRAW_ARROW,0,BarWidth,BarColorDown);
   SetIndexArrow(1,ArrSize);
   SetIndexBuffer(1,buf1_down);
   SetIndexEmptyValue(1,0.0);
   SetIndexStyle(2,DRAW_ARROW,0,BarWidth,BarColorUp);
   SetIndexArrow(2,ArrSize);
   SetIndexBuffer(2,buf2_up);
   SetIndexEmptyValue(2,0.0);
   SetIndexStyle(3,DRAW_ARROW,0,BarWidth,BarColorDown);
   SetIndexArrow(3,ArrSize);
   SetIndexBuffer(3,buf2_down);
   SetIndexEmptyValue(3,0.0);
   SetIndexStyle(4,DRAW_ARROW,0,BarWidth,BarColorUp);
   SetIndexArrow(4,ArrSize);
   SetIndexBuffer(4,buf3_up);
   SetIndexEmptyValue(4,0.0);
   SetIndexStyle(5,DRAW_ARROW,0,BarWidth,BarColorDown);
   SetIndexArrow(5,ArrSize);
   SetIndexBuffer(5,buf3_down);
   SetIndexEmptyValue(5,0.0);
   SetIndexStyle(6,DRAW_ARROW,0,BarWidth,BarColorUp);
   SetIndexArrow(6,ArrSize);
   SetIndexBuffer(6,buf4_up);
   SetIndexEmptyValue(6,0.0);
   SetIndexStyle(7,DRAW_ARROW,0,BarWidth,BarColorDown);
   SetIndexArrow(7,ArrSize);
   SetIndexBuffer(7,buf4_down);
   SetIndexEmptyValue(7,0.0);
   
   
   IndicatorDigits(0);
   getPeriod();
   
 //  shortname = "MTF_SnErgCCI("+Period_1+","+Period_2+","+Period_3+","+Period_4+")";
   shortname = "MTF_SnErgCCI";
  
   IndicatorShortName(shortname);
/*   
   SetIndexLabel(0,"NLMA("+Length+")"+Period_1+"");
   SetIndexLabel(1,"NLMA("+Length+")"+Period_1+"");
   SetIndexLabel(2,"NLMA("+Length+")"+Period_2+"");
   SetIndexLabel(3,"NLMA("+Length+")"+Period_2+"");
   SetIndexLabel(4,"NLMA("+Length+")"+Period_3+"");
   SetIndexLabel(5,"NLMA("+Length+")"+Period_3+"");
   SetIndexLabel(6,"NLMA("+Length+")"+Period_4+"");
   SetIndexLabel(7,"NLMA("+Length+")"+Period_4+"");
 */ 
 
   SetIndexLabel(0,"MTF_SnErgCCI("+Period_1+")");
   SetIndexLabel(1,"MTF_SnErgCCI("+Period_1+")");
   SetIndexLabel(2,"MTF_SnErgCCI("+Period_2+")");
   SetIndexLabel(3,"MTF_SnErgCCI("+Period_2+")");
   SetIndexLabel(4,"MTF_SnErgCCI("+Period_3+")");
   SetIndexLabel(5,"MTF_SnErgCCI("+Period_3+")");
   SetIndexLabel(6,"MTF_SnErgCCI("+Period_4+")");
   SetIndexLabel(7,"MTF_SnErgCCI("+Period_4+"");
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
   int counted_bars=IndicatorCounted();
   //---- check for possible errors
   if(counted_bars<0) return(-1);
   //---- the last counted bar will be recounted
   if(counted_bars>0) counted_bars--;
   int limit=Bars-counted_bars+Period_4/Period();
   int i,tf;

   //-------------------------------1----------------------------------------   
   double dif = Time[0] - Time[1];
   for ( i=ObjectsTotal()-1; i>-1; i--)
      {
         if (StringFind(ObjectName(i),"FF_"+UniqueNum+"_") >= 0)  ObjectDelete(ObjectName(i));
      }
   double shift = 0.2;
   for ( tf=1; tf<=4; tf++)
      {  
         string txt = "??";
         double gp;
         switch (tf)
         {
             case 1: txt = tf2txt(Period_1);  gp = 1 + Gap*3 + shift; break;
             case 2: txt = tf2txt(Period_2);  gp = 1 + Gap*2 + shift; break;
             case 3: txt = tf2txt(Period_3);  gp = 1 + Gap + shift; break;
             case 4: txt = tf2txt(Period_4);  gp = 1.5 + shift; break;
         }
         string name = "FF_"+UniqueNum+"_"+tf+"_"+txt;
         ObjectCreate(name, OBJ_TEXT, WindowFind(shortname), iTime(NULL,0,0)+dif*3, gp);
         ObjectSetText(name, txt,8,"Arial", TextColor);
      }
   //-------------------------------2----------------------------------------
   datetime TimeArray_1[], TimeArray_2[], TimeArray_3[], TimeArray_4[];
   ArrayCopySeries(TimeArray_1,MODE_TIME,Symbol(),Period_1);
   ArrayCopySeries(TimeArray_2,MODE_TIME,Symbol(),Period_2);
   ArrayCopySeries(TimeArray_3,MODE_TIME,Symbol(),Period_3); 
   ArrayCopySeries(TimeArray_4,MODE_TIME,Symbol(),Period_4);
   
   int  i1=0, i2=0, i3=0, i4=0, yy;

  // for(i=0, i1=0,  i2=0,  i3=0,  i4=0;i<MaxBars;i++)
   for(i=0, i1=0,  i2=0,  i3=0,  i4=0;i<limit;i++)
   {
      if (Time[i]<TimeArray_1[i1]) i1++;
      if (Time[i]<TimeArray_2[i2]) i2++;
      if (Time[i]<TimeArray_3[i3]) i3++;
      if (Time[i]<TimeArray_4[i4]) i4++;

      for ( tf = 1; tf <= 4; tf++)
      {
         int prd;
         switch (tf)
         {
            case 1: prd = Period_1; yy = i1;  break;
            case 2: prd = Period_2; yy = i2;  break;
            case 3: prd = Period_3; yy = i3;   break;
            case 4: prd = Period_4; yy = i4;   break;
         }
      
         haOpenN = iCustom(NULL,prd,"FXSnipersErgodic_CCITrigger",2,10,5,3,1,yy) ;
         haCloseN = iCustom(NULL,prd,"FXSnipersErgodic_CCITrigger",2,10,5,3,0,yy) ;
            
         switch (tf)
         {  case 4: buf4_down[i]=EMPTY_VALUE;buf4_up[i]=EMPTY_VALUE;  if (haOpenN>=haCloseN)  buf4_down[i] = 1;           else buf4_up[i] = 1;           break;
            case 3: buf3_down[i]=EMPTY_VALUE;buf3_up[i]=EMPTY_VALUE; if (haOpenN>=haCloseN)  buf3_down[i] = 1 + Gap * 1; else buf3_up[i] = 1 + Gap * 1; break;
            case 2: buf2_down[i]=EMPTY_VALUE;buf2_up[i]=EMPTY_VALUE; if (haOpenN>=haCloseN)  buf2_down[i] = 1 + Gap * 2; else buf2_up[i] = 1 + Gap * 2; break;
            case 1: buf1_down[i]=EMPTY_VALUE;buf1_up[i]=EMPTY_VALUE; if (haOpenN>=haCloseN)  buf1_down[i] = 1 + Gap * 3; else buf1_up[i] = 1 + Gap * 3; break;
         }
      }
   }

   return(0);
  }
  
//+------------------------------------------------------------------+
void getPeriod()
{
   switch(Period()) 
      {
         case 1: 
            Period_1=1; Period_2=5; Period_3=15; Period_4=30;
            break;
         case 5: 
            Period_1=5; Period_2=15; Period_3=30; Period_4=60;
            break;
         case 15: 
            Period_1=15; Period_2=30; Period_3=60; Period_4=240;
            break;
         case 30: 
            Period_1=30; Period_2=60; Period_3=240; Period_4=1440;
            break;
         case 60: 
            Period_1=60; Period_2=240; Period_3=1440; Period_4=10080;
            break;
         case 240: 
            Period_1=240; Period_2=1440; Period_3=10080; Period_4=43200;
            break;
         case 1440: 
            Period_1=1440; Period_2=10080; Period_3=43200; Period_4=43200;
            break;
         case 10080: 
            Period_1=10080; Period_2=43200; Period_3=43200; Period_4=43200;
            break;
         case 43200: 
            Period_1=43200; Period_2=43200; Period_3=43200; Period_4=43200;
            break;
         
      }
}

string tf2txt(int tf)
{
   if (tf == PERIOD_M1)    return("M1");
   if (tf == PERIOD_M5)    return("M5");
   if (tf == PERIOD_M15)   return("M15");
   if (tf == PERIOD_M30)   return("M30");
   if (tf == PERIOD_H1)    return("H1");
   if (tf == PERIOD_H4)    return("H4");
   if (tf == PERIOD_D1)    return("D1");
   if (tf == PERIOD_W1)    return("W1");
   if (tf == PERIOD_MN1)   return("MN");
  
  //----  Refresh buffers ++++++++++++++++++++ upgrade by Raff  
   int TimeFrame,TimeArray[],i;
   if (TimeFrame>Period()) {
     int PerINT=TimeFrame/Period()+1;
     datetime TimeArr[]; ArrayResize(TimeArr,PerINT);
     ArrayCopySeries(TimeArr,MODE_TIME,Symbol(),Period()); 
     for(i=0;i<PerINT+1;i++) {if (TimeArr[i]>=TimeArray[0]) {
 /********************************************************  
    Refresh buffers:         buffer[i] = buffer[0];
 ********************************************************/  
buf4_up[i]=buf4_up[0];
buf4_down[i]=buf4_down[0];
buf3_up[i]=buf3_up[0];
buf3_down[i]=buf3_down[0];
buf2_up[i]= buf2_up[0];
buf2_down[i]= buf2_down[0];
buf1_up[i]=buf1_up[0];
buf1_down[i]= buf1_down[0];

//----
   } } }
//+++++++++++++++++++++++++++++++++++++++++++++++ Raff  
 
//+-------------
  
   return("??");
}

Dependencies

FXSnipersErgodic_CCITrigger

This indicator calculates momentum dynamics by applying nested exponential moving averages to price changes and their absolute values to generate a crossover signal between an Ergodic CCI and a smoothed trigger line.

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