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OBV
//+------------------------------------------------------------------+
//| On Balance Volume.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_buffers 1
#property indicator_color1 DodgerBlue
//---- input parameters
extern int ExtOBVAppliedPrice=0;
//---- buffers
double ExtOBVBuffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string sShortName;
//---- indicator buffer mapping
SetIndexBuffer(0,ExtOBVBuffer);
//---- indicator line
SetIndexStyle(0,DRAW_LINE);
//---- sets default precision format for indicators visualization
IndicatorDigits(0);
//---- name for DataWindow and indicator subwindow label
sShortName="OBV";
IndicatorShortName(sShortName);
SetIndexLabel(0,sShortName);
//----
return(0);
}
//+------------------------------------------------------------------+
//| On Balance Volume |
//+------------------------------------------------------------------+
int start()
{
int i,nLimit,nCountedBars;
//---- bars count that does not changed after last indicator launch.
nCountedBars=IndicatorCounted();
//---- last counted bar will be recounted
if(nCountedBars>0) nCountedBars--;
nLimit=Bars-nCountedBars-1;
//----
for(i=nLimit; i>=0; i--)
{
if(i==Bars-1)
ExtOBVBuffer[i]=Volume[i];
else
{
double dCurrentPrice=GetAppliedPrice(ExtOBVAppliedPrice, i);
double dPreviousPrice=GetAppliedPrice(ExtOBVAppliedPrice, i+1);
if(dCurrentPrice==dPreviousPrice)
ExtOBVBuffer[i]=ExtOBVBuffer[i+1];
else
{
if(dCurrentPrice<dPreviousPrice)
ExtOBVBuffer[i]=ExtOBVBuffer[i+1]-Volume[i];
else
ExtOBVBuffer[i]=ExtOBVBuffer[i+1]+Volume[i];
}
}
}
//----
return(0);
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
double GetAppliedPrice(int nAppliedPrice, int nIndex)
{
double dPrice;
//----
switch(nAppliedPrice)
{
case 0: dPrice=Close[nIndex]; break;
case 1: dPrice=Open[nIndex]; break;
case 2: dPrice=High[nIndex]; break;
case 3: dPrice=Low[nIndex]; break;
case 4: dPrice=(High[nIndex]+Low[nIndex])/2.0; break;
case 5: dPrice=(High[nIndex]+Low[nIndex]+Close[nIndex])/3.0; break;
case 6: dPrice=(High[nIndex]+Low[nIndex]+2*Close[nIndex])/4.0; break;
default: dPrice=0.0;
}
//----
return(dPrice);
}
//+------------------------------------------------------------------+
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