super fixed
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This script is a technical analysis tool designed for the MetaTrader platform to help traders identify potential entry points in the financial markets by visually highlighting "signals" on a price chart. Rather than using complex mathematical formulas, the logic focuses on identifying significant historical price peaks and valleys over two different time horizons.
Core Logic and Visual Cues
The script scans the market history to find the highest and lowest price points within two specific windows (defined by user settings). By comparing these "highs" and "lows," the tool generates four distinct types of visual markers (arrows) on your chart:
- Primary Signals: These identify major price turning points based on a larger look-back window. They represent more significant movements in the market trend.
- Secondary Signals: These identify shorter-term price fluctuations based on a smaller look-back window. These are used to capture smaller moves or provide quicker cues for potential reversals.
Signal Categorization
The logic distinguishes between different strengths of signals to help the user interpret the market's momentum:
- Strong Buy/Sell: Occurs when both the long-term and short-term conditions align simultaneously, suggesting a high-confidence trend reversal or continuation.
- Standard Buy/Sell: Occurs when only the larger price window meets the criteria, indicating a standard market move.
- Minor Buy/Sell (or Exit): Occurs when only the smaller price window is triggered. These are interpreted as weaker signals, which may indicate a cooling off period or a suggestion to consider closing an existing position.
Notification System
To ensure traders do not have to watch the charts constantly, the script includes a customizable alert system. You can configure it to notify you in three ways:
- Visual Alerts: Pop-up messages on your screen.
- Audio Alerts: Sound notifications to grab your attention immediately.
- Email Notifications: Direct alerts sent to your registered email address (if enabled).
Customization Options
The tool is designed to be flexible for different trading styles. Users can filter the types of alerts they receive, such as:
- All Signals: Receive notifications for every move detected.
- Directional Filtering: Choose to only see "Buy" signals or only "Sell" signals.
- Strength Filtering: Only receive notifications for the highest-probability ("Strong") signals.
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super fixed
//+------------------------------------------------------------------+
//| super-signals_v2.mq4 |
//| Copyright ?2006, Nick Bilak, beluck[AT]gmail.com |
//| Modified by mtuppers[AT]gmail.com |
//| took away time, add periods |
//+------------------------------------------------------------------+
#property copyright "Copyright ?2006, Nick Bilak"
#property copyright "alterations by Mark Tomlinson"
#property copyright "alterations by Money Duck @ 4xCampus.com"
#property link "http://www.forex-tsd.com/"
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_color1 Yellow
#property indicator_color2 Lime
#property indicator_color3 Red
#property indicator_color4 Aqua
#property indicator_width1 1
#property indicator_width2 1
#property indicator_width3 1
#property indicator_width4 1
//input properties
extern int dist2 = 21;
extern int dist1 = 14;
extern int arrowDistance = 10;
extern bool alertsOn = true;
extern string note1 = "alert all = 0",
note2 = "buy only = 1, sell only = 2",
note3 = "strong buy or strong sell = 3";
extern int alertsOption = 0;
extern bool alertsOnCurrent = true;
extern bool alertsMessage = true;
extern bool alertsSound = true;
extern bool alertsEmail = false;
double b1[];
double b2[];
double b3[];
double b4[];
int init()
{
SetIndexBuffer(0,b1);
SetIndexBuffer(1,b2);
SetIndexBuffer(2,b3);
SetIndexBuffer(3,b4);
SetIndexStyle(0,DRAW_ARROW); SetIndexArrow(0,334);
SetIndexStyle(1,DRAW_ARROW); SetIndexArrow(1,333);
SetIndexStyle(2,DRAW_ARROW); SetIndexArrow(1,233);
SetIndexStyle(3,DRAW_ARROW); SetIndexArrow(0,234);
return(0);
}
int start()
{
int counted_bars=IndicatorCounted();
int i,limit,hhb,llb,hhb1,llb1;
if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
limit=MathMax(limit,dist1);
limit=MathMax(limit,dist2);
int pipMultiplier = 1;
if (Digits==3 || Digits==5) pipMultiplier=10;
//
//
//
//
//
for (i=limit;i>=0;i--)
{
hhb1 = Highest(NULL,0,MODE_HIGH,dist1,i-dist1/2);
llb1 = Lowest(NULL,0,MODE_LOW,dist1,i-dist1/2);
hhb = Highest(NULL,0,MODE_HIGH,dist2,i-dist2/2);
llb = Lowest(NULL,0,MODE_LOW,dist2,i-dist2/2);
b1[i] = EMPTY_VALUE;
b2[i] = EMPTY_VALUE;
b3[i] = EMPTY_VALUE;
b4[i] = EMPTY_VALUE;
double tr = Point*pipMultiplier*arrowDistance;
if (i==hhb) b1[i]=High[hhb] +tr;
if (i==llb) b2[i]=Low[llb] -tr;
if (i==hhb1) b3[i]=High[hhb1]+tr/2;
if (i==llb1) b4[i]=Low[llb1] -tr/2;
}
//
//
//
//
//
if (alertsOn)
{
int forBar = 1;
if (alertsOnCurrent) forBar = 0;
if (alertsOption == 0) //alert on all direction
{
if (b1[forBar] != EMPTY_VALUE && b3[forBar] != EMPTY_VALUE) doAlert("strong sell");
if (b1[forBar] != EMPTY_VALUE && b3[forBar] == EMPTY_VALUE) doAlert("sell");
if (b1[forBar] == EMPTY_VALUE && b3[forBar] != EMPTY_VALUE) doAlert("minor sell or exit buy");
if (b2[forBar] != EMPTY_VALUE && b4[forBar] != EMPTY_VALUE) doAlert("strong buy");
if (b2[forBar] != EMPTY_VALUE && b4[forBar] == EMPTY_VALUE) doAlert("buy");
if (b2[forBar] == EMPTY_VALUE && b4[forBar] != EMPTY_VALUE) doAlert("minor buy or exit sell");
}
if (alertsOption == 1) //alert on buy only
{
if (b2[forBar] != EMPTY_VALUE && b4[forBar] != EMPTY_VALUE) doAlert("strong buy");
if (b2[forBar] != EMPTY_VALUE && b4[forBar] == EMPTY_VALUE) doAlert("buy");
if (b2[forBar] == EMPTY_VALUE && b4[forBar] != EMPTY_VALUE) doAlert("minor buy or exit sell");
}
if (alertsOption == 2) //alert on sell only
{
if (b1[forBar] != EMPTY_VALUE && b3[forBar] != EMPTY_VALUE) doAlert("strong sell");
if (b1[forBar] != EMPTY_VALUE && b3[forBar] == EMPTY_VALUE) doAlert("sell");
if (b1[forBar] == EMPTY_VALUE && b3[forBar] != EMPTY_VALUE) doAlert("minor sell or exit buy");
}
if (alertsOption == 3) //alert on strong buy or sell
{
if (b2[forBar] != EMPTY_VALUE && b4[forBar] != EMPTY_VALUE) doAlert("strong buy");
if (b1[forBar] != EMPTY_VALUE && b3[forBar] != EMPTY_VALUE) doAlert("strong sell");
}
}
return(0);
}
//
//
//
//
//
void doAlert(string doWhat)
{
static string previousAlert="nothing";
static datetime previousTime;
string message;
string TimePeriod;
if (Period()== 1) TimePeriod = "1 MIN";
if (Period()== 5) TimePeriod = "5 MIN";
if (Period()== 15) TimePeriod = "15 MIN";
if (Period()== 30) TimePeriod = "30 MIN";
if (Period()== 60) TimePeriod = "1 HR";
if (Period()== 240) TimePeriod = "4 HR";
if (Period()== 1440) TimePeriod = "DAILY";
if (Period()== 10080) TimePeriod = "WEEKLY";
if (Period()== 43200) TimePeriod = "MONTHLY";
if (previousAlert != doWhat || previousTime != Time[0]) {
previousAlert = doWhat;
previousTime = Time[0];
//
//
//
//
//
message = StringConcatenate(Symbol()," at ", TimePeriod, " Super signal : ",doWhat);
if (alertsMessage) Alert(message);
if (alertsEmail) SendMail(StringConcatenate(Symbol(),"Super signal "),message);
if (alertsSound) PlaySound("alert2.wav");
}
}
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