qsxyj
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This tool is designed to serve as an automated monitoring system for traders who use trendlines to identify market structure. Its primary purpose is to provide real-time notifications whenever the price "breaks" through a specific trendline, signaling a potential shift in market direction.
Core Functionality
The script continuously scans your trading chart to identify specific trendlines that have been labeled with a designated prefix (by default, "Tr"). When it detects one of these lines, it monitors the relationship between the current market price and the line's position.
How It Works
- Trendline Detection: The system automatically looks for all trendline objects on your chart. If a line matches the required naming convention, the tool begins tracking its data points at the most recent price intervals.
- Breakout Identification: The logic specifically looks for two scenarios:
- Upside Break: If the previous candle closed below the line and the current candle closes above it, the system recognizes an upward break.
- Downside Break: If the previous candle closed above the line and the current candle closes below it, the system recognizes a downward break.
- Alert Mechanisms: When a break is confirmed, the script can trigger several types of notifications based on your preferences:
- Audio: It can play a standard alert sound.
- Pop-up Windows: It can generate a visual alert window on your screen showing whether the break was "UP" or "DOWN."
- On-Screen Labels: It places a temporary text notification directly on the chart (e.g., "This Currency Breaks UP") to provide an immediate visual cue.
Management Features
To ensure the tool remains user-friendly and doesn't overwhelm the trader, it includes several management logics:
- Alert Intervals: You can set a minimum time gap between alerts. This prevents the script from triggering multiple sounds or windows for the same price movement in rapid succession.
- Automatic Text Cleanup: The on-screen text labels are programmed to automatically disappear after a specific amount of time, keeping your chart clean and uncluttered.
- Status Indicators: The tool provides a small status comment on the chart to let you know whether your sound alerts are currently enabled or disabled.
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qsxyj
//+------------------------------------------------------------------+
//| qsxyj.mq4 |
//| Copyright ?2006, MetaQuotes Software Corp. |
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "WYF - Trendline break alert"
#property link "http://www.metaquotes.net"
#property indicator_chart_window
extern bool AllowSound=1;
extern bool AllowAlertWindow=0;
extern int AlertInterval_Minute=15;
extern int KeepText_Minute=10;
extern string linename="Tr";
int PrevAlertTime = 0;
int Prevtext=0;
int init()
{
return(0);
}
int deinit()
{
Comment(" ");
if(ObjectFind("tpl")==0) ObjectDelete("tpl");
return(0);
}
//+------------------------------------------------------------------+
int start()
{
int j,yjx=0;
double price1,dh,dl,price0;
string name1;
if(AllowSound) Comment("WYF - Trendline break alert: Sound On");
else Comment("WYF - Trendline break alert: Sound Off") ;
//------------find all trendlines and alert----------------------------------------------------------------------
for (j=0; j<ObjectsTotal(); j++)
{if(StringSubstr(ObjectName(j),0,2)==linename && ObjectType(ObjectName(j))==OBJ_TREND)
{
yjx=1;
price1=NormalizeDouble(ObjectGetValueByShift(ObjectName(j),1),
MarketInfo(Symbol(),MODE_DIGITS));
price0=NormalizeDouble(ObjectGetValueByShift(ObjectName(j),0),
MarketInfo(Symbol(),MODE_DIGITS));
if (TimeCurrent()-PrevAlertTime>AlertInterval_Minute*60)
{
if (Close[1]<=price1 && Close[0]>price0)
{
if(AllowSound) PlaySound("alert.wav");
if(AllowAlertWindow) Alert(Symbol(),"--- UP");
// Print(Symbol(),"--- UP");
PrevAlertTime = TimeCurrent();
ObjectCreate("tpl",OBJ_LABEL,0,0,0);
ObjectSet("tpl", OBJPROP_XDISTANCE,10);
ObjectSet("tpl", OBJPROP_YDISTANCE,20);
ObjectSet("tpl", OBJPROP_CORNER,3);
ObjectSetText("tpl","This Currency Breaks UP ",16,"Times New Roman",Red);
}
if (Close[1]>=price1 && Close[0]<price0)
{
if(AllowSound) PlaySound("alert.wav");
if(AllowAlertWindow) Alert(Symbol(),"--- DOWN");
// Print(Symbol(),"--- D");
PrevAlertTime = TimeCurrent();
ObjectCreate("tpl",OBJ_LABEL,0,0,0);
ObjectSet("tpl", OBJPROP_XDISTANCE,10);
ObjectSet("tpl", OBJPROP_YDISTANCE,20);
ObjectSet("tpl", OBJPROP_CORNER,2);
ObjectSetText("tpl","This Currency Breaks DOWN ",16,"Times New Roman",Red);
}
WindowRedraw();
}
if (TimeCurrent()-Prevtext>KeepText_Minute*60)
{
if(ObjectFind("tpl")==0) ObjectDelete("tpl");
Prevtext = TimeCurrent();
}
}
}
return(0);
}
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