This script is designed to assist traders by visually identifying price structure, specifically focusing on "TD Points"—significant peaks and troughs in price movement. It automates the identification of market turns to help users visualize trend lines and potential price targets.
Core Logic and Functionality
1. Identification of TD Points (Highs and Lows) The script scans historical price data to locate significant turning points. Instead of just looking at every candle, it specifically seeks out "Single," "Double," "Triple," or "Quadruple" tops and bottoms. This means it recognizes patterns where the highest (or lowest) price is held across several consecutive bars, ensuring that the identified points are structurally relevant rather than minor fluctuations.
2. Trend Line Construction Once these high and low TD Points are established, the script connects them to draw trend lines on your chart:
- Upper Trend Lines: Connect significant highs to visualize resistance or the ceiling of an uptrend.
- Lower Trend Lines: Connect significant lows to visualize support or the floor of a downtrend.
The script is customizable, allowing you to change the colors, styles (solid, dashed, dotted), and thicknesses of these lines based on your visual preference.
3. Price Projections (Targets) A key feature of this logic is its ability to project where price might go next. By calculating the slope of the newly formed trend lines, the script projects "Take Profit" levels.
- It identifies where the current price movement is likely to encounter new resistance or support based on the angle of the established trend.
- These projections are drawn as specific lines, helping traders anticipate potential areas of reversal.
4. Dynamic Alerts and Monitoring The script includes an automated monitoring system that watches for "Breakouts." If the current market price crosses over a projected upper trend line or drops below a lower trend line, the script can trigger an immediate alert. This helps traders react in real-time to shifts in market momentum without having to watch the screen constantly.
5. User Customization Options The logic is designed to be flexible for different trading styles:
- Visual Clarity: You can toggle on/off trend lines, projection lines, and horizontal markers to keep your chart clean.
- Data Source: It offers a choice between using standard TD Points or using "Fractals" (a different type of geometric price pattern) as the basis for the drawings.
- Information Display: A comment section can be enabled to provide a text-based readout of the current calculated levels and statuses directly on the chart.
Summary for the User
In essence, this script acts as a structural analyst. It looks at past "highs" and "lows," draws lines connecting them to show you the current trend, projects where that trend might end (targets), and warns you the moment the price breaks through those established boundaries.
//+------------------------------------------------------------------+
//| Ind-TD-DeMark-3-1.mq4 |
//| Copyright © 2005,Kara Software Corp. |
//| |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, Kara Software Corp."
#property link ""
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 White /*Original #property indicator_color1 Red. Color of Upper TD Points*/
#property indicator_color2 White /*Original #property indicator_color2 Blue. Color of Lower TD Points*/
//---- input parameters
/* Mod 02: only one step, no back steps, only one target, no fractal trendlines,
no large arrow option for TD points, and added user changable colours and styles*/
/* Mod 03: Alerts Added. Horizontal Lines indicating where projections start from and
where alerts should be determined from re-enabled with Default of False.*/
/* Mod 03B: Bug where TD Points and TD Lines drawn in wrong place for
double, triple and quadruple tops or bottoms is fixed*/
extern bool AlertsOn = false; // Line added. Default is true.
extern bool Comments=False;/*Optional Comments. Default is false. Orginal variable called "Commen"*/
extern bool TrendLine=True;/*Default is true to draw current TD Lines*/
extern int TrendLineStyle=STYLE_SOLID;/*STYLE>_SOLID=0,DASH=1,_DOT=2,_DASHDOT=3,_DASHDDOTDOT=4. Line of code added from original.*/
extern int TrendLineWidth=1;/*Thinnest or allow dots and dashes = 0 or 1, Thinner=2, Medium=3,Thicker=4,Thickest=5. Line of code added from original.*/
extern color UpperTrendLineColour=Red;/*Line of code added from original.*/
extern color LowerTrendLineColour=Blue;/*Line of code added from original.*/
extern bool ProjectionLines=True;/*Default is True. These are the TD Price Projections. Original variable called "Take Prof"*/
extern int ProjectionLinesStyle=STYLE_DASH;/*STYLE>_SOLID=0,DASH=1,_DOT=2,_DASHDOT=3,_DASHDDOTDOT=4. Line of code added from original.*/
extern int ProjectionLinesWidth=1;/*Thinnest or allow dots and dashes = 0 or 1, Thinner=2, Medium=3,Thicker=4,Thickest=5. Line of code added from original.*/
extern color UpperProjectionLineColour=Yellow;/*Line of code added from original.*/
extern color LowerProjectionLineColour=Yellow;/*Line of code added from original.*/
extern bool HorizontLine=False;/*Default is false. It seems the Horizontal Lines are were the code predicts price may cross TD line.*/
bool TD=False;/*Default is false. True setting draws up and down arrows instead of dots on TD Points creating more clutter.*/
int BackSteps=0;/*Used to be extern int now just int. Leave at 0*/
int ShowingSteps=1;/*Used to be extern int now just int. Leave at 1*/
bool FractalAsTD=false;/*Used to be extern bool now just bool. Leave at false, otherwise Trend Lines based on Fractal Points not TD Points*/
double TrendLineBreakUp=-1;//Line added.
bool TrendLineBreakUpFlag=False;//Line added.
double TrendLineBreakDown=-1;//Line added.
bool TrendLineBreakDownFlag=False;//Line added.
//---- buffers
double ExtMapBuffer1[];
double ExtMapBuffer2[];
//====================================================================
int init()
{
SetIndexStyle(0,DRAW_ARROW);
SetIndexArrow(0,217);
SetIndexBuffer(0,ExtMapBuffer1);
SetIndexEmptyValue(0,0.0);
SetIndexStyle(1,DRAW_ARROW);
SetIndexArrow(1,218);
SetIndexBuffer(1,ExtMapBuffer2);
SetIndexEmptyValue(1,0.0);
for (int i=1;i<=10;i++)
{
ObjectDelete("HHL_"+i);ObjectDelete("HL_"+i);
ObjectDelete("HLL_"+i);ObjectDelete("LL_"+i);
ObjectDelete("HC1_"+i);
ObjectDelete("HC2_"+i);
ObjectDelete("HC3_"+i);
ObjectDelete("LC1_"+i);
ObjectDelete("LC2_"+i);
ObjectDelete("LC3_"+i);
}
Comment("");
return(0);
}
int deinit()
{
for (int i=1;i<=10;i++)
{
ObjectDelete("HHL_"+i);ObjectDelete("HL_"+i);
ObjectDelete("HLL_"+i);ObjectDelete("LL_"+i);
ObjectDelete("HC1_"+i);
ObjectDelete("HC2_"+i);
ObjectDelete("HC3_"+i);
ObjectDelete("LC1_"+i);
ObjectDelete("LC2_"+i);
ObjectDelete("LC3_"+i);
}
Comment("");
return(0);
}
//--------------------------------------------------------------------
int SetTDPoint(int B)//It seems B is the same as IndicatorCounted() function
{
int shift;
if (FractalAsTD==false)
{
//Print("B = ",B);
//Print("Bars = ",Bars);
//Print("IndicatorCounted() = ",IndicatorCounted());
for (shift=B;shift>1;shift--)
{
if (High[shift+1]<High[shift] && High[shift-1]<High[shift])// determine single top TD Point
ExtMapBuffer1[shift]=High[shift];// determine single top TD Point
if (High[shift+2]<High[shift] && High[shift+1]==High[shift]&& High[shift-1]<High[shift])//I added for double top
ExtMapBuffer1[shift]=High[shift];//I added for double top
if (High[shift+3]<High[shift] && High[shift+2]==High[shift]&& High[shift+1]==High[shift]//I added for triple top
&& High[shift-1]<High[shift])//I added for triple top
ExtMapBuffer1[shift]=High[shift];//I added for triple top
if (High[shift+4]<High[shift] && High[shift+3]==High[shift]&& High[shift+2]==High[shift]//I added for quadruple top
&& High[shift+1]==High[shift]//I added for quadruple top
&& High[shift-1]<High[shift])//I added for quadruple top
ExtMapBuffer1[shift]=High[shift];//I added for quadruple top
if (High[shift-1]>=High[shift])//I added for new way to determine Non-TD High Point
ExtMapBuffer1[shift]=0;//I added for new way to determine Non-TD High Point
//else ExtMapBuffer1[shift]=0;
if (Low[shift+1]>Low[shift] && Low[shift-1]>Low[shift])// determine single bottom TD Point
ExtMapBuffer2[shift]=Low[shift];// determine single bottom TD Point
if (Low[shift+2]>Low[shift] && Low[shift+1]==Low[shift] && Low[shift-1]>Low[shift])//I added for double bottom
ExtMapBuffer2[shift]=Low[shift];//I added for double bottom
if (Low[shift+3]>Low[shift] && Low[shift+2]==Low[shift] && Low[shift+1]==Low[shift]//I added for triple bottom
&& Low[shift-1]>Low[shift])//I added for triple bottom
ExtMapBuffer2[shift]=Low[shift];//I added for triple bottom
if (Low[shift+4]>Low[shift] && Low[shift+3]==Low[shift]&& Low[shift+2]==Low[shift] && Low[shift+1]==Low[shift]//I added for quadruple bottom
&& Low[shift-1]>Low[shift])//I added for quadruple bottom
ExtMapBuffer2[shift]=Low[shift];//I added for quadruple bottom
if (Low[shift-1]<=Low[shift])//I added
ExtMapBuffer2[shift]=0;//I added
//else ExtMapBuffer2[shift]=0;
}
ExtMapBuffer1[0]=0;
ExtMapBuffer2[0]=0;
ExtMapBuffer1[1]=0;
ExtMapBuffer2[1]=0;
}
else
{
for (shift=B;shift>3;shift--)
{
if (High[shift+1]<=High[shift] && High[shift-1]<High[shift] && High[shift+2]<=High[shift] && High[shift-2]<High[shift])
ExtMapBuffer1[shift]=High[shift];
else ExtMapBuffer1[shift]=0;
if (Low[shift+1]>=Low[shift] && Low[shift-1]>Low[shift] && Low[shift+2]>=Low[shift] && Low[shift-2]>Low[shift])
ExtMapBuffer2[shift]=Low[shift];
else ExtMapBuffer2[shift]=0;
}
ExtMapBuffer1[0]=0;
ExtMapBuffer2[0]=0;
ExtMapBuffer1[1]=0;
ExtMapBuffer2[1]=0;
ExtMapBuffer1[2]=0;
ExtMapBuffer2[2]=0;
}
return(0);
}
//--------------------------------------------------------------------
int GetHighTD(int P)
{
int i=0,j=0;
while (j<P)
{
i++;
while(ExtMapBuffer1[i]==0)
{i++;if(i>Bars-2)return(-1);}
j++;
}
return (i);
}
//--------------------------------------------------------------------
int GetNextHighTD(int P)
{
int i=P+1;
while(ExtMapBuffer1[i]<=High[P]){i++;if(i>Bars-2)return(-1);}
return (i);
}
//--------------------------------------------------------------------
int GetLowTD(int P)
{
int i=0,j=0;
while (j<P)
{
i++;
while(ExtMapBuffer2[i]==0)
{i++;if(i>Bars-2)return(-1);}
j++;
}
return (i);
}
//--------------------------------------------------------------------
int GetNextLowTD(int P)
{
int i=P+1;
while(ExtMapBuffer2[i]>=Low[P] || ExtMapBuffer2[i]==0){i++;if(i>Bars-2)return(-1);}
return (i);
}
//--------------------------------------------------------------------
int TrendLineHighTD(int H1,int H2,int Step,int Col)/*Draw Upper Trend Line*/
{
ObjectSet("HL_"+Step,OBJPROP_TIME1,Time[H2]);ObjectSet("HL_"+Step,OBJPROP_TIME2,Time[H1]);
ObjectSet("HL_"+Step,OBJPROP_PRICE1,High[H2]);ObjectSet("HL_"+Step,OBJPROP_PRICE2,High[H1]);
ObjectSet("HL_"+Step,OBJPROP_COLOR,UpperTrendLineColour);/*TEMP Original OBJPROP_COLOR,Col*/
if (Step==1)ObjectSet("HL_"+Step,OBJPROP_WIDTH,TrendLineWidth);/*Original OBJPROP_WIDTH,2*/
else ObjectSet("HL_"+Step,OBJPROP_WIDTH,1);
return(0);
}
//--------------------------------------------------------------------
int TrendLineLowTD(int L1,int L2,int Step,int Col)/*Draw Lower Trend Line*/
{
ObjectSet("LL_"+Step,OBJPROP_TIME1,Time[L2]);ObjectSet("LL_"+Step,OBJPROP_TIME2,Time[L1]);
ObjectSet("LL_"+Step,OBJPROP_PRICE1,Low[L2]);ObjectSet("LL_"+Step,OBJPROP_PRICE2,Low[L1]);
ObjectSet("LL_"+Step,OBJPROP_COLOR,LowerTrendLineColour);/*TEMP Original OBJPROP_COLOR,Col*/
if (Step==1)ObjectSet("LL_"+Step,OBJPROP_WIDTH,TrendLineWidth);/*Original OBJPROP_WIDTH,2*/
else ObjectSet("LL_"+Step,OBJPROP_WIDTH,1);
return(0);
}
//--------------------------------------------------------------------
int HorizontLineHighTD(int H1,int H2,int Step,double St,int Col)
{
ObjectSet("HHL_"+Step,OBJPROP_PRICE1,High[H2]-(High[H2]-High[H1])/(H2-H1)*H2);//HORIZONTAL HIGH LINE HEIGHT CALCULATION
ObjectSet("HHL_"+Step,OBJPROP_STYLE,St);
ObjectSet("HHL_"+Step,OBJPROP_COLOR,Col);
ObjectSet("HHL_"+Step,OBJPROP_BACK,True);//Line added
return(0);
}
//--------------------------------------------------------------------
int HorizontLineLowTD(int L1,int L2,int Step,double St,int Col)
{
ObjectSet("HLL_"+Step,OBJPROP_PRICE1,Low[L2]+(Low[L1]-Low[L2])/(L2-L1)*L2);//HORIZONTAL LOW LINE HEIGHT CALCULATION
ObjectSet("HLL_"+Step,OBJPROP_STYLE,St);
ObjectSet("HLL_"+Step,OBJPROP_COLOR,Col);
ObjectSet("HLL_"+Step,OBJPROP_BACK,True);//Line added
return(0);
}
//--------------------------------------------------------------------
string TakeProfitHighTD(int H1,int H2,int Step,int Col)/*Draw Buy TD Price Projection(s)*/
{
int i,ii,j=0;
string Comm="";
double kH,HC1,HC2,HC3,k,St;
kH=(High[H2]-High[H1])/(H2-H1);
while (NormalizeDouble(Point,j)==0)j++;
k=0;
for(i=H1;i>0;i--)if(Close[i]>High[H2]-kH*(H2-i)){k=High[H2]-kH*(H2-i);break;}
if (k>0)
{
Comm=Comm+"UTD_Line ("+DoubleToStr(High[H2]-kH*H2,j)+") broken at "+DoubleToStr(k,j)+", uptargets:\n";
ii=Lowest(NULL,0,MODE_LOW,H2-i,i);
HC1=High[H2]-kH*(H2-ii)-Low[ii];
HC2=High[H2]-kH*(H2-ii)-Close[ii];
ii=Lowest(NULL,0,MODE_CLOSE,H2-i,i);
HC3=High[H2]-kH*(H2-ii)-Close[ii];
St=TrendLineStyle;/*Original STYLE_SOLID*/
}
else
{
k=High[H2]-kH*H2;
Comm=Comm+"UTD_Line ("+DoubleToStr(k,j)+"), probable break-up targets:\n";
ii=Lowest(NULL,0,MODE_LOW,H2,0);
HC1=High[H2]-kH*(H2-ii)-Low[ii];
HC2=High[H2]-kH*(H2-ii)-Close[ii];
ii=Lowest(NULL,0,MODE_CLOSE,H2,0);
HC3=High[H2]-kH*(H2-ii)-Close[ii];
St=TrendLineStyle;/*Original STYLE_DASHDOT*/
}
ObjectSet("HL_"+Step,OBJPROP_STYLE,St);
Comm=Comm+"T1="+DoubleToStr(HC1+k,j)+" ("+DoubleToStr(HC1/Point,0)+"pts.)\n";//changed "pts.)" to "pts.)\n"
//Comm=Comm+" T2="+DoubleToStr(HC2+k,j)+" ("+DoubleToStr(HC2/Point,0)+"pts.)";
//Comm=Comm+" T3="+DoubleToStr(HC3+k,j)+" ("+DoubleToStr(HC3/Point,0)+"pts.)\n";
ObjectSet("HC1_"+Step,OBJPROP_TIME1,Time[H1]);ObjectSet("HC1_"+Step,OBJPROP_TIME2,Time[0]);
ObjectSet("HC1_"+Step,OBJPROP_PRICE1,HC1+k);ObjectSet("HC1_"+Step,OBJPROP_PRICE2,HC1+k);
ObjectSet("HC1_"+Step,OBJPROP_COLOR,Col);ObjectSet("HC1_"+Step,OBJPROP_STYLE,St);
//ObjectSet("HC2_"+Step,OBJPROP_TIME1,Time[H1]);ObjectSet("HC2_"+Step,OBJPROP_TIME2,Time[0]);
//ObjectSet("HC2_"+Step,OBJPROP_PRICE1,HC2+k);ObjectSet("HC2_"+Step,OBJPROP_PRICE2,HC2+k);
//ObjectSet("HC2_"+Step,OBJPROP_COLOR,Col);ObjectSet("HC2_"+Step,OBJPROP_STYLE,St);
//ObjectSet("HC3_"+Step,OBJPROP_TIME1,Time[H1]);ObjectSet("HC3_"+Step,OBJPROP_TIME2,Time[0]);
//ObjectSet("HC3_"+Step,OBJPROP_PRICE1,HC3+k);ObjectSet("HC3_"+Step,OBJPROP_PRICE2,HC3+k);
//ObjectSet("HC3_"+Step,OBJPROP_COLOR,Col);ObjectSet("HC3_"+Step,OBJPROP_STYLE,St);
if (Step==1)
{
ObjectSet("HC1_"+Step,OBJPROP_WIDTH,ProjectionLinesWidth);/*Original OBJPROP_WIDTH,2*/
ObjectSet("HC1_"+Step,OBJPROP_STYLE,ProjectionLinesStyle);/*This Line of code added from original. TD Upper Projection Line Style*/
// ObjectSet("HC2_"+Step,OBJPROP_WIDTH,2);
// ObjectSet("HC3_"+Step,OBJPROP_WIDTH,2);
}
else
{
ObjectSet("HC1_"+Step,OBJPROP_WIDTH,2);
// ObjectSet("HC2_"+Step,OBJPROP_WIDTH,2);
// ObjectSet("HC3_"+Step,OBJPROP_WIDTH,2);
}
return(Comm);
}
//--------------------------------------------------------------------
string TakeProfitLowTD(int L1,int L2,int Step,int Col)/*Draw Sell TD Price Projection(s)*/
{
int i,ii,j=0;
string Comm="";
double kL,LC1,LC2,LC3,k,St;
kL=(Low[L1]-Low[L2])/(L2-L1);
while (NormalizeDouble(Point,j)==0)j++;
k=0;
for(i=L1;i>0;i--)if(Close[i]<Low[L2]+kL*(L2-i)){k=Low[L2]+kL*(L2-i);break;}
if (k>0)
{
Comm=Comm+"LTD_Line ("+DoubleToStr(Low[L2]+kL*L2,j)+") broken at "+DoubleToStr(k,j)+", downtargets:\n";
ii=Highest(NULL,0,MODE_HIGH,L2-i,i);
LC1=High[ii]-(Low[L2]+kL*(L2-ii));
LC2=Close[ii]-(Low[L2]+kL*(L2-ii));
i=Highest(NULL,0,MODE_CLOSE,L2-i,i);
LC3=Close[ii]-(Low[L2]+kL*(L2-ii));
St=TrendLineStyle;/*Original STYLE_SOLID*/
}
else
{
k=Low[L2]+kL*L2;
Comm=Comm+"LTD_Line ("+DoubleToStr(k,j)+"), probable downbreak targets:\n";
ii=Highest(NULL,0,MODE_HIGH,L2,0);
LC1=High[ii]-(Low[L2]+kL*(L2-ii));
LC2=Close[ii]-(Low[L2]+kL*(L2-ii));
ii=Highest(NULL,0,MODE_CLOSE,L2,0);
LC3=Close[ii]-(Low[L2]+kL*(L2-ii));
St=TrendLineStyle;/*Original STYLE_DASHDOT*/
}
ObjectSet("LL_"+Step,OBJPROP_STYLE,St);
Comm=Comm+"T1="+DoubleToStr(k-LC1,j)+" ("+DoubleToStr(LC1/Point,0)+"pts.)\n";//changed "pts.)" to "pts.)\n"
//Comm=Comm+" T2="+DoubleToStr(k-LC2,j)+" ("+DoubleToStr(LC2/Point,0)+"pts.)";
//Comm=Comm+" T3="+DoubleToStr(k-LC3,j)+" ("+DoubleToStr(LC3/Point,0)+"pts.)\n";
ObjectSet("LC1_"+Step,OBJPROP_TIME1,Time[L1]);ObjectSet("LC1_"+Step,OBJPROP_TIME2,Time[0]);
ObjectSet("LC1_"+Step,OBJPROP_PRICE1,k-LC1);ObjectSet("LC1_"+Step,OBJPROP_PRICE2,k-LC1);
ObjectSet("LC1_"+Step,OBJPROP_COLOR,Col);ObjectSet("LC1_"+Step,OBJPROP_STYLE,St);
//ObjectSet("LC2_"+Step,OBJPROP_TIME1,Time[L1]);ObjectSet("LC2_"+Step,OBJPROP_TIME2,Time[0]);
//ObjectSet("LC2_"+Step,OBJPROP_PRICE1,k-LC2);ObjectSet("LC2_"+Step,OBJPROP_PRICE2,k-LC2);
//ObjectSet("LC2_"+Step,OBJPROP_COLOR,Col);ObjectSet("LC2_"+Step,OBJPROP_STYLE,St);
//ObjectSet("LC3_"+Step,OBJPROP_TIME1,Time[L1]);ObjectSet("LC3_"+Step,OBJPROP_TIME2,Time[0]);
//ObjectSet("LC3_"+Step,OBJPROP_PRICE1,k-LC3);ObjectSet("LC3_"+Step,OBJPROP_PRICE2,k-LC3);
//ObjectSet("LC3_"+Step,OBJPROP_COLOR,Col);ObjectSet("LC3_"+Step,OBJPROP_STYLE,St);
if (Step==1)
{
ObjectSet("LC1_"+Step,OBJPROP_WIDTH,ProjectionLinesWidth);/*Original OBJPROP_WIDTH,2*/
ObjectSet("LC1_"+Step,OBJPROP_STYLE,ProjectionLinesStyle);/*This Line of code added from original. TD Lower Projection Line Style*/
//ObjectSet("LC2_"+Step,OBJPROP_WIDTH,2);
//ObjectSet("LC3_"+Step,OBJPROP_WIDTH,2);
}
else
{
ObjectSet("LC1_"+Step,OBJPROP_WIDTH,2);
//ObjectSet("LC2_"+Step,OBJPROP_WIDTH,2);
//ObjectSet("LC3_"+Step,OBJPROP_WIDTH,2);
}
return(Comm);
}
//--------------------------------------------------------------------
string TDMain(int Step)
{
int H1,H2,L1,L2;
string Comm="--- step "+Step+" --------------------\n";
int i,j; while (NormalizeDouble(Point,j)==0)j++;
double Style;
double Col[20];Col[0]=UpperProjectionLineColour/*Original Col[0]=Red, Colour for Current Upper TD Projection*/;Col[2]=Magenta;Col[4]=Chocolate;Col[6]=Goldenrod;Col[8]=SlateBlue;
Col[1]=LowerProjectionLineColour/*Original Col[1]=Blue, Colour for Current Lower TD Projection*/;Col[3]=FireBrick;Col[5]=Green;Col[7]=MediumOrchid;Col[9]=CornflowerBlue;
Col[10]=Red;Col[12]=Magenta;Col[14]=Chocolate;Col[16]=Goldenrod;Col[18]=SlateBlue;
Col[11]=Blue;Col[13]=FireBrick;Col[15]=Green;Col[17]=MediumOrchid;Col[19]=CornflowerBlue;
Step=Step+BackSteps;
H1=GetHighTD(Step);
H2=GetNextHighTD(H1);
L1=GetLowTD(Step);
L2=GetNextLowTD(L1);
TrendLineBreakUp=High[H2]-(High[H2]-High[H1])/(H2-H1)*H2;//added line
TrendLineBreakDown=Low[L2]+(Low[L1]-Low[L2])/(L2-L1)*L2;//added line
if (H1<0)Comm=Comm+"UTD no TD up-point \n";
else
if (H2<0)Comm=Comm+"UTD no TD point-upper then last one ("+DoubleToStr(High[H1],j)+")\n";
else Comm=Comm+"UTD "+DoubleToStr(High[H2],j)+" "+DoubleToStr(High[H1],j)+"\n";
if (L1<0)Comm=Comm+"LTD no TD down-point \n";
else
if (L2<0)Comm=Comm+"LTD no TD point-lower then last one ("+DoubleToStr(Low[L1],j)+")\n";
else Comm=Comm+"LTD "+DoubleToStr(Low[L2],j)+" "+DoubleToStr(Low[L1],j)+"\n";
//-----------------------------------------------------------------------------------
if (Step==1)Style=STYLE_SOLID;
else Style=STYLE_DOT;
if (H1>0 && H2>0)
{
if (TrendLine==1)
{
ObjectCreate("HL_"+Step,OBJ_TREND,0,0,0,0,0);
TrendLineHighTD(H1,H2,Step,Col[Step*2-2]);
}
else ObjectDelete("HL_"+Step);
if (HorizontLine==1 && Step==1)
{
ObjectCreate("HHL_"+Step,OBJ_HLINE,0,0,0,0,0);
ObjectSet("HHL_"+Step,OBJPROP_BACK,True);//Line added
HorizontLineHighTD(H1,H2,Step,Style,Col[Step*2-2]);
}
else ObjectDelete("HHL_"+Step);
if (ProjectionLines==1)
{
ObjectCreate("HC1_"+Step,OBJ_TREND,0,0,0,0,0);
ObjectCreate("HC2_"+Step,OBJ_TREND,0,0,0,0,0);
ObjectCreate("HC3_"+Step,OBJ_TREND,0,0,0,0,0);
Comm=Comm+TakeProfitHighTD(H1,H2,Step,Col[Step*2-2]);
}
else
{
ObjectDelete("HC1_"+Step);
ObjectDelete("HC2_"+Step);
ObjectDelete("HC3_"+Step);
}
}
//-----------------------------------------------------------------------------------
if (L1>0 && L2>0)
{
if (TrendLine==1)
{
ObjectCreate("LL_"+Step,OBJ_TREND,0,0,0,0,0);
TrendLineLowTD(L1,L2,Step,Col[Step*2-1]);
}
else ObjectDelete("LL_"+Step);
if (HorizontLine==1 && Step==1)
{
ObjectCreate("HLL_"+Step,OBJ_HLINE,0,0,0,0,0);
ObjectSet("HLL_"+Step,OBJPROP_BACK,True);//Line added
HorizontLineLowTD(L1,L2,Step,Style,Col[Step*2-1]);
}
else ObjectDelete("HLL_"+Step);
if (ProjectionLines==1)
{
ObjectCreate("LC1_"+Step,OBJ_TREND,0,0,0,0,0);
ObjectCreate("LC2_"+Step,OBJ_TREND,0,0,0,0,0);
ObjectCreate("LC3_"+Step,OBJ_TREND,0,0,0,0,0);
Comm=Comm+TakeProfitLowTD(L1,L2,Step,Col[Step*2-1]);
}
else
{
ObjectDelete("LC1_"+Step);
ObjectDelete("LC2_"+Step);
ObjectDelete("LC3_"+Step);
}
}
//--------------------------------------------------------------------
if(AlertsOn)//added this Alerts section
{
//Print("Alerts On");
if(Close[0]>TrendLineBreakUp && TrendLineBreakUpFlag==False)
{
//Print("Upper TrendLine Break ",Symbol()," ",Period()," ",Bid);
Alert("UTL Break>",TrendLineBreakUp," on ",Symbol()," ",Period()," @ ",Bid);
TrendLineBreakUpFlag=True;
}
if(Close[0]<TrendLineBreakDown && TrendLineBreakDownFlag==False)
{
//Print("Lower Trendline Break ",Symbol()," ",Period()," ",Bid);
Alert("LTL Break<",TrendLineBreakDown," on ",Symbol()," ",Period()," @ ",Bid);
TrendLineBreakDownFlag=True;
}
//--------------------------------------------------------------------
}
return(Comm);
}
//--------------------------------------------------------------------
int start()
{
string Comm="";
SetTDPoint(Bars-1);
if (TD==1)
{
SetIndexArrow(0,217);
SetIndexArrow(1,218);
}
else
{
SetIndexArrow(0,160);
SetIndexArrow(1,160);
}
if (ShowingSteps>10)
{
Comment("ShowingSteps readings 0 - 10");
return(0);
}
for (int i=1;i<=ShowingSteps;i++)Comm=Comm+TDMain(i);
Comm=Comm+"------------------------------------\nShowingSteps="+ShowingSteps+"\nBackSteps="+BackSteps;
if (FractalAsTD==true)Comm=Comm+"\nFractals";
else Comm=Comm+"\nTD point";
if (Comments==1)Comment(Comm);
else Comment("");
return(0);
}
//+------------------------------------------------------------------+
Comments