This script is a technical analysis tool designed to provide visual signals for trading on financial charts. It functions by monitoring price momentum and trends through the use of multiple moving averages, identifying specific "crossover" moments where the market sentiment may be shifting.
Core Components
The indicator utilizes four distinct types of moving averages to analyze price action:
- EMA (Exponential Moving Averages): Two lines (set at periods 18 and 28) that track medium-term trends while giving more weight to recent price data.
- WMA (Weighted Moving Averages): Two lines (set at periods 5 and 8) that react more quickly to immediate price fluctuations.
Operational Logic
The script analyzes the relationship between these moving averages in real-time. Rather than just showing the lines, it looks for specific intersections where one average crosses another to determine potential entry points:
Buy Signals (Upward Momentum) The tool identifies "Buy" opportunities based on two primary conditions:
- Short-Term Crossover: When the faster WMA (5) crosses above the slightly slower WMA (8).
- Trend Confirmation: When the WMA (8) moves above the larger EMA (28) trend line. When either of these conditions is met, the script places an upward-pointing arrow on the chart to alert the user of a potential bullish move.
Sell Signals (Downward Momentum) Conversely, the tool identifies "Sell" opportunities based on two downward conditions:
- Short-Term Crossover: When the faster WMA (5) falls below the slower WMA (8).
- Trend Confirmation: When the heavier EMA (28) moves above the WMA (8) trend line. When these occur, the script places a downward-pointing arrow to signal a potential bearish shift.
Dynamic Adjustments
To ensure the tool remains relevant across different types of charts, it includes an automatic "Shift" logic. Depending on the timeframe you are viewing (e.g., 1-minute vs. 4-hour charts), the script automatically adjusts the distance and placement of the visual signals. This ensures that the arrows and markers remain clearly visible and properly spaced regardless of whether the price moves in large increments or small ticks.
Summary for the User
In essence, this tool acts as a visual filter. It sifts through the "noise" of constant price movement to highlight moments where short-term momentum aligns with broader trend boundaries, marking them with arrows to help you identify potential areas for market entry.
Indicators Used
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Sidus_v3
//+------------------------------------------------------------------+
//| Sidus.mq4 |
//| Copyright © 2006, GwadaTradeBoy |
//| racooni_1975@yahoo.fr |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, GwadaTradeBoy"
#property link "racooni_1975@yahoo.fr"
//----
#property indicator_chart_window
//----Section #property
#property indicator_buffers 7
#property indicator_color1 Red
#property indicator_color2 Red
#property indicator_color3 Aqua
#property indicator_color4 Yellow
#property indicator_color5 Green
#property indicator_color6 Red
#property indicator_color7 Red
//---- Indicateurs
double EMA18, EMA28, WMA5, WMA8, tuncross;
double EMA18Current, EMA18Previous, EMA28Current, EMA28Previous;
double WMA5Current, WMA5Previous, WMA8Current, WMA8Previous;
extern double digit=0;
int nShift;
//---- buffers
double ExtMapBuffer1[]; //EMA18
double ExtMapBuffer2[]; //EMA28
double ExtMapBuffer3[]; //WMA5
double ExtMapBuffer4[]; //WMA8
double ExtMapBuffer5[]; //Fleche Haut
double ExtMapBuffer6[]; //Fleche Bas
double ExtMapBuffer7[]; //Croix
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
//---- Styles et couleur des Lignes
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,ExtMapBuffer1);
SetIndexStyle(1,DRAW_LINE);
SetIndexBuffer(1,ExtMapBuffer2);
SetIndexStyle(2,DRAW_LINE);
SetIndexBuffer(2,ExtMapBuffer3);
SetIndexStyle(3,DRAW_LINE);
SetIndexBuffer(3,ExtMapBuffer4);
SetIndexStyle(3,DRAW_LINE);
//---- Styles et couleur des Fleches
SetIndexStyle(4, DRAW_ARROW, 0, 1); // Fleche vers le haut
SetIndexArrow(4, 233);
SetIndexBuffer(4, ExtMapBuffer5);
SetIndexStyle(5, DRAW_ARROW, 0, 1); // Fleche vers le bas
SetIndexArrow(5, 234);
SetIndexBuffer(5, ExtMapBuffer6);
SetIndexStyle(6, DRAW_ARROW, 0, 1); // Croix rouge fin de trade
SetIndexArrow(6, 251);
SetIndexBuffer(6, ExtMapBuffer7);
//----
switch(Period())
{
case 1: nShift=1; break;
case 5: nShift=3; break;
case 15: nShift=5; break;
case 30: nShift=10; break;
case 60: nShift=15; break;
case 240: nShift=20; break;
case 1440: nShift=80; break;
case 10080: nShift=100; break;
case 43200: nShift=200; break;
}
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int i,j,limit,counted_bars=IndicatorCounted();
//----
if(counted_bars<0)
return(-1);
if(counted_bars>0)
counted_bars--;
//----
limit=Bars-counted_bars;
//----
for(i=0; i<limit; i++)
{
EMA18Current=iMA(NULL,0,18,0,MODE_EMA,PRICE_CLOSE,i);
EMA18Previous=iMA(NULL,0,18,0,MODE_EMA,PRICE_CLOSE,i+1);
ExtMapBuffer1[i]=EMA18Current;
EMA28Current=iMA(NULL,0,28,0,MODE_EMA,PRICE_CLOSE,i);
EMA28Previous=iMA(NULL,0,28,0,MODE_EMA,PRICE_CLOSE,i+1);
ExtMapBuffer2[i]=EMA28Current;
WMA5Current=iMA(NULL,0,5,0,MODE_LWMA,PRICE_CLOSE,i);
WMA5Previous=iMA(NULL,0,5,0,MODE_LWMA,PRICE_CLOSE,i+1);
ExtMapBuffer3[i]=WMA5Current;
WMA8Current=iMA(NULL,0,8,0,MODE_LWMA,PRICE_CLOSE,i);
WMA8Previous=iMA(NULL,0,8,0,MODE_LWMA,PRICE_CLOSE,i+1);
ExtMapBuffer4[i]=WMA8Current;
//---- Dessin des fleches, future entré en trade
/* if ((EMA18Current > EMA28Current + digit*Point) &&( EMA18Previous <= EMA28Previous)) // Croisement Tunnel
{
tuncross = EMA18*/
//---- Buy
//if (WMA5Current > WMA8Current && WMA5Previous <= WMA8Previous)
/*-if (
//((EMA18Current > EMA28Current + digit*Point) &&( EMA18Previous <= EMA28Previous)) && // Croisement Tunnel
//((WMA5Current > WMA8Current + digit*Point) &&( WMA5Previous <= WMA8Previous)) && // Croisement WMA
//((WMA5Current > EMA18Current+ digit*Point) && ( WMA5Previous <= EMA18Current)) && // Croisement Bord1Tunnel WMA5
//((WMA5Current > EMA28Current+ digit*Point) && ( WMA5Previous <= EMA28Current)) && // Croisement Bord2 Tunnel WMA5
((WMA8Current > EMA18Current+ digit*Point) && ( WMA8Previous <= EMA18Current)) //&& // Croisement Bord1 Tunnel WMA8
//((WMA8Current > EMA28Current+ digit*Point) && ( WMA8Previous <= EMA28Current)) // Croisement Bord2 Tunnel WMA8
)*/
if((WMA5Current > WMA8Current+ digit*Point )&&(WMA5Previous<=WMA8Previous)) // Croisement WMA5 et WMA8, Lot = 10% de LotsOptimized()
{
ExtMapBuffer5[i]=Low[i] - nShift*Point;
}
if((WMA8Current > EMA28Current+ digit*Point) &&(WMA8Previous<=EMA28Current)) // Croisement WMA8 up bord supérieur du tunnel
{
ExtMapBuffer5[i]=Low[i] - nShift*Point;
}
//---- Sell
//if(WMA8Current > WMA5Current && WMA8Previous <= WMA5Previous)
/*if (
//((EMA18Current < EMA28Current + digit*Point) &&( EMA18Previous >= EMA28Previous)) && // Croisement Tunnel
//((WMA5Current < WMA8Current + digit*Point) &&( WMA5Previous >= WMA8Previous)) && // Croisement WMA
//((WMA5Current < EMA18Current+ digit*Point) && ( WMA5Previous <= EMA18Current)) && // Croisement Bord1Tunnel WMA5
//((WMA5Current < EMA28Current+ digit*Point) && ( WMA5Previous <= EMA28Current)) && // Croisement Bord2 Tunnel WMA5
//((WMA8Current < EMA18Current+ digit*Point) && ( WMA8Previous <= EMA18Current)) && // Croisement Bord1 Tunnel WMA8
((WMA8Current < EMA28Current+ digit*Point) && ( WMA8Previous <= EMA28Current)) // Croisement Bord2 Tunnel WMA8
)*/
if((WMA8Current > WMA5Current+ digit*Point )&&(WMA8Previous<=WMA5Previous)) // Croisement WMA5 et WMA8, Lot = 10% de LotsOptimized()
{
ExtMapBuffer6[i]=High[i] + nShift*Point;
}
if((EMA28Current > WMA8Current+ digit*Point) &&(WMA8Previous>=EMA28Current)) // Croisement WMA8 down bord inférieur du tunnel
{
ExtMapBuffer6[i]=High[i] + nShift*Point;
} /*}*/
}
//---- Dessin des croix, future sortie en trade
return(0);
}
//+------------------------------------------------------------------+
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