//+------------------------------------------------------------------+
//| Trendsignal Indicator.mq5 |
//| Copyright 2015, Pankaj Bhaban |
//| http://www.trendsignal.co.in |
//+------------------------------------------------------------------+
#property copyright "Copyright 2015, Pankaj Bhaban"
#property link "http://www.trendsignal.co.in"
input int RISK=3; // signal sensitivity control
input int SSP=9; // signal displacement
int NumberofAlerts=2;
double SellBuffer[];
double BuyBuffer[];
int K;
int counter=0;
bool pre,BT;
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 2
#property indicator_type1 DRAW_ARROW
#property indicator_color1 Red
#property indicator_width1 2
#property indicator_label1 "Trendsignal Sell"
#property indicator_type2 DRAW_ARROW
#property indicator_color2 Lime
#property indicator_width2 2
#property indicator_label2 "Trendsignal Buy"
int StartBars;
//+------------------------------------------------------------------+
//| Initialization and checking for input parameters |
//+------------------------------------------------------------------+
void OnInit()
{
StartBars=SSP+1;
SetIndexBuffer(1,BuyBuffer,INDICATOR_DATA);
PlotIndexSetInteger(1,PLOT_DRAW_BEGIN,StartBars);
PlotIndexSetString(1,PLOT_LABEL,"Trendsignal Buy");
PlotIndexSetInteger(1,PLOT_ARROW,233);
ArraySetAsSeries(BuyBuffer,true);
SetIndexBuffer(0,SellBuffer,INDICATOR_DATA);
PlotIndexSetInteger(0,PLOT_DRAW_BEGIN,StartBars);
PlotIndexSetString(0,PLOT_LABEL,"Trendsignal Sell");
PlotIndexSetInteger(0,PLOT_ARROW,234);
ArraySetAsSeries(SellBuffer,true);
IndicatorSetInteger(INDICATOR_DIGITS,_Digits);
string short_name="Trendsignal";
IndicatorSetString(INDICATOR_SHORTNAME,short_name);
}
int OnCalculate(const int rates_total,
const int prev_calculated,
const datetime &time[],
const double &open[],
const double &high[],
const double &low[],
const double &close[],
const long &tick_volume[],
const long &volume[],
const int &spread[])
{
if(rates_total<StartBars) return(0);
int limit;
double Range,AvgRange,smin,smax,SsMax,SsMin,price;
bool uptrend;
if(prev_calculated>rates_total || prev_calculated<=0)
{
K=33-RISK;
limit=rates_total-StartBars;
}
else
{
limit=rates_total-prev_calculated;
}
ArraySetAsSeries(high,true);
ArraySetAsSeries(low,true);
ArraySetAsSeries(close,true);
uptrend=BT;
for(int bar=limit; bar>=0; bar--)
{
if(rates_total!=prev_calculated && bar==0)
{
BT=uptrend;
}
Range=0;
AvgRange=0;
for(int iii=bar; iii<=bar+SSP; iii++) AvgRange=AvgRange+MathAbs(high[iii]-low[iii]);
Range=AvgRange/(SSP+1);
//----
SsMax=low[bar];
SsMin=close[bar];
for(int kkk=bar; kkk<=bar+SSP-1; kkk++)
{
price=high[kkk];
if(SsMax<price) SsMax=price;
price=low[kkk];
if(SsMin>=price) SsMin=price;
}
smin=SsMin+(SsMax-SsMin)*K/100;
smax=SsMax-(SsMax-SsMin)*K/100;
SellBuffer[bar]=0;
BuyBuffer[bar]=0;
if(close[bar]<smin) uptrend=false;
if(close[bar]>smax) uptrend=true;
if(uptrend!=pre && uptrend==true)
{
BuyBuffer[bar]=low[bar]-Range*0.5;
if(bar==0)
{
if(counter<=NumberofAlerts)
{
Alert("Trendsignal ",EnumToString(Period())," ",Symbol()," BUY");
counter++;
}
}
else counter=0;
}
if(uptrend!=pre && uptrend==false)
{
SellBuffer[bar]=high[bar]+Range*0.5;
if(bar==0)
{
if(counter<=NumberofAlerts)
{
Alert("Trendsignal ",EnumToString(Period())," ",Symbol()," SELL");
counter++;
}
}
else counter=0;
}
if(bar>0) pre=uptrend;
}
//----
return(rates_total);
}
//+------------------------------------------------------------------+
Comments