Super Signal v3d_v1
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This script is a technical trading indicator designed to identify specific price action patterns on a financial chart to help traders spot potential "buy" and "sell" opportunities. It functions by scanning historical price data over two different time horizons simultaneously to determine the strength of market trends.
Core Logic and Functionality
The tool operates by analyzing high and low price points within two distinct distance windows (customizable by the user). By comparing these two windows, the script differentiates between standard market movements and more significant price shifts.
1. Multi-Horizon Analysis The script looks at two different "neighborhoods" of price data:
- Short-Term Horizon: It identifies the highest highs and lowest lows over a smaller period to detect immediate momentum.
- Long-Term Horizon: It identifies the highest highs and lowest lows over a larger, broader period to establish the overall market structure.
2. Signal Generation (Visual Cues) The script places visual markers (arrows) on the chart based on where the price reaches these historical extremes:
- Strong Signals: These occur when the current price hits an extreme point that is significant across both the short and long-term horizons. These are intended to represent high-conviction movements.
- Minor/Intermediate Signals: These occur when a price hits an extreme in one time horizon but not necessarily the other, suggesting a localized movement rather than a major trend shift.
3. Volatility Adjustment To ensure that the visual markers are placed accurately relative to the current market environment, the script incorporates a volatility measurement (ATR). This ensures that the distance of the arrows from the price candles adjusts automatically based on how much the market is moving at that moment—placing them further away during high volatility and closer during calm periods.
Notification System
The script includes an integrated alert system that monitors these signals in real-time. When specific conditions are met (specifically when "Strong" signals are detected), it can trigger several types of notifications:
- On-Screen Alerts: Pop-up messages identifying the currency pair and the signal type.
- Auditory Alerts: Sound files to grab the trader's attention immediately.
- Email Notifications: Optional alerts sent directly to a registered email address.
The alert system is designed to be intelligent; it tracks the current time period and the specific signal type to ensure that you do not receive repetitive notifications for the same event, providing a cleaner experience for the user.
//+------------------------------------------------------------------+
//| 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 Red
#property indicator_color2 Blue
#property indicator_color3 Blue
#property indicator_color4 Red
#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 bool alertsOn = true;
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);
//
//
//
//
//
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 = iATR(NULL,0,50,i);
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 (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");
}
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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