StepMA_Stoch_v1.1
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The StepMA Stoch script is a specialized technical analysis tool designed to visualize market trends by calculating "step-like" price movements and translating them into an oscillating percentage scale. Instead of following every minor price fluctuation, this logic focuses on significant structural shifts in the market.
Core Logic Overview
The indicator functions by identifying volatility and establishing specific "thresholds" or boundaries. It then tracks how the price interacts with these boundaries to determine the prevailing trend direction.
1. Volatility Measurement
The script first analyzes a specific period of historical price data (defined by the PeriodWATR input) to calculate the average range of the market. This helps the tool understand the "personality" of the current asset—whether it is moving in large, aggressive swings or small, tight vibrations.
2. Dynamic Step Calculation
Based on the volatility identified above, the script generates three distinct "Step Sizes":
- Minimum Step: Based on the smallest recent price movements.
- Maximum Step: Based on the largest recent price movements.
- Mid Step: A balanced average between the two.
These steps act as boundaries. If the price moves significantly enough to cross one of these calculated zones, the script registers a change in the trend.
3. Trend Tracking and Memory
The logic evaluates where the current closing price sits relative to these three step levels:
- It identifies if the trend is currently "High," "Mid," or "Low" based on whether the price has breached the corresponding threshold.
- Trend Persistence: A key feature of this script is its memory. It doesn't just look at the current candle in isolation; it retains the boundaries from previous candles. If a trend is moving upward, the script ensures the "floor" (the minimum boundary) stays at its lowest point, preventing the indicator from jumping erratically due to minor noise.
4. Stochastic Conversion
Once the script determines the current "Step" position of the price, it converts these absolute price points into a normalized value between 0 and 1 (similar to a standard Stochastic Oscillator).
It creates two primary visual lines:
- Line 1 (Minimum): Represents the trend based on the smallest volatility steps.
- Line 2 (Mid): Represents the trend based on the median volatility steps.
Summary for the User
By observing these two lines in the indicator window, you can see the relative strength of the current market move. Because the script uses "Step" logic, the lines will appear more stable and less "jittery" than standard moving averages. They provide a smoothed visualization of where the price sits within its current volatility range, helping to distinguish between minor fluctuations and significant structural trend shifts.
//+------------------------------------------------------------------+
//| StepMA_Stoch_v1.mq4 |
//| Copyright © 2005, TrendLaboratory Ltd. |
//| E-mail: igorad2004@list.ru |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, TrendLaboratory Ltd."
#property link "E-mail: igorad2004@list.ru"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 Yellow
#property indicator_color2 DeepSkyBlue
#property indicator_minimum 0
#property indicator_maximum 1
//---- input parameters
extern int PeriodWATR=10;
extern double Kwatr=1.0000;
extern int HighLow=0;
//---- indicator buffers
double LineMinBuffer[];
double LineMidBuffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,1);
SetIndexStyle(1,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(0,LineMinBuffer);
SetIndexBuffer(1,LineMidBuffer);
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS));
//---- name for DataWindow and indicator subwindow label
short_name="StepMA Stoch("+PeriodWATR+","+Kwatr+","+HighLow+")";
IndicatorShortName(short_name);
SetIndexLabel(0,"StepMA Stoch 1");
SetIndexLabel(1,"StepMA Stoch 2");
//----
SetIndexDrawBegin(0,PeriodWATR);
SetIndexDrawBegin(1,PeriodWATR);
//----
return(0);
}
//+------------------------------------------------------------------+
//| StepMA_3D_v1 |
//+------------------------------------------------------------------+
int start()
{
int i,shift,TrendMin,TrendMax,TrendMid;
double SminMin0,SmaxMin0,SminMin1,SmaxMin1,SumRange,dK,WATR0,WATRmax,WATRmin,WATRmid;
double SminMax0,SmaxMax0,SminMax1,SmaxMax1,SminMid0,SmaxMid0,SminMid1,SmaxMid1;
double linemin,linemax,linemid,Stoch1,Stoch2,bsmin,bsmax;
for(shift=Bars-1;shift>=0;shift--)
{
SumRange=0;
for (i=PeriodWATR-1;i>=0;i--)
{
dK = 1+1.0*(PeriodWATR-i)/PeriodWATR;
SumRange+= dK*MathAbs(High[i+shift]-Low[i+shift]);
}
WATR0 = SumRange/PeriodWATR;
WATRmax=MathMax(WATR0,WATRmax);
if (shift==Bars-1-PeriodWATR) WATRmin=WATR0;
WATRmin=MathMin(WATR0,WATRmin);
int StepSizeMin=MathRound(Kwatr*WATRmin/Point);
int StepSizeMax=MathRound(Kwatr*WATRmax/Point);
int StepSizeMid=MathRound(Kwatr*0.5*(WATRmax+WATRmin)/Point);
Comment(" StepSize_min = ", StepSizeMin,"\n",
" StepSize_mid = ", StepSizeMid,"\n",
" StepSize_max = ", StepSizeMax);
if (HighLow>0)
{
SmaxMin0=Low[shift]+2*StepSizeMin*Point;
SminMin0=High[shift]-2*StepSizeMin*Point;
SmaxMax0=Low[shift]+2*StepSizeMax*Point;
SminMax0=High[shift]-2*StepSizeMax*Point;
SmaxMid0=Low[shift]+2*StepSizeMid*Point;
SminMid0=High[shift]-2*StepSizeMid*Point;
if(Close[shift]>SmaxMin1) TrendMin=1;
if(Close[shift]<SminMin1) TrendMin=-1;
if(Close[shift]>SmaxMax1) TrendMax=1;
if(Close[shift]<SminMax1) TrendMax=-1;
if(Close[shift]>SmaxMid1) TrendMid=1;
if(Close[shift]<SminMid1) TrendMid=-1;
}
if (HighLow == 0)
{
SmaxMin0=Close[shift]+2*StepSizeMin*Point;
SminMin0=Close[shift]-2*StepSizeMin*Point;
SmaxMax0=Close[shift]+2*StepSizeMax*Point;
SminMax0=Close[shift]-2*StepSizeMax*Point;
SmaxMid0=Close[shift]+2*StepSizeMid*Point;
SminMid0=Close[shift]-2*StepSizeMid*Point;
if(Close[shift]>SmaxMin1) TrendMin=1;
if(Close[shift]<SminMin1) TrendMin=-1;
if(Close[shift]>SmaxMax1) TrendMax=1;
if(Close[shift]<SminMax1) TrendMax=-1;
if(Close[shift]>SmaxMid1) TrendMid=1;
if(Close[shift]<SminMid1) TrendMid=-1;
}
if(TrendMin>0 && SminMin0<SminMin1) SminMin0=SminMin1;
if(TrendMin<0 && SmaxMin0>SmaxMin1) SmaxMin0=SmaxMin1;
if(TrendMax>0 && SminMax0<SminMax1) SminMax0=SminMax1;
if(TrendMax<0 && SmaxMax0>SmaxMax1) SmaxMax0=SmaxMax1;
if(TrendMid>0 && SminMid0<SminMid1) SminMid0=SminMid1;
if(TrendMid<0 && SmaxMid0>SmaxMid1) SmaxMid0=SmaxMid1;
if (TrendMin>0) linemin=SminMin0+StepSizeMin*Point;
if (TrendMin<0) linemin=SmaxMin0-StepSizeMin*Point;
if (TrendMax>0) linemax=SminMax0+StepSizeMax*Point;
if (TrendMax<0) linemax=SmaxMax0-StepSizeMax*Point;
if (TrendMid>0) linemid=SminMid0+StepSizeMid*Point;
if (TrendMid<0) linemid=SmaxMid0-StepSizeMid*Point;
bsmin=linemax-StepSizeMax*Point;
bsmax=linemax+StepSizeMax*Point;
Stoch1=(linemin-bsmin)/(bsmax-bsmin);
Stoch2=(linemid-bsmin)/(bsmax-bsmin);
LineMinBuffer[shift]=Stoch1;
LineMidBuffer[shift]=Stoch2;
SminMin1=SminMin0;
SmaxMin1=SmaxMin0;
SminMax1=SminMax0;
SmaxMax1=SmaxMax0;
SminMid1=SminMid0;
SmaxMid1=SmaxMid0;
}
return(0);
}
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