Vasily Pip Sniper bar v3.1 alert
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The Vasily Pip Sniper is a sophisticated technical analysis tool designed to help traders identify market trends and potential momentum shifts. Rather than cluttering the main price chart, it operates in a separate window, providing a visual summary of the underlying market sentiment.
Core Logic and Functionality
The script functions by analyzing two distinct layers of moving averages to determine whether the market is currently experiencing upward or downward pressure. Here is a breakdown of how that logic works:
1. Dynamic Environment Adaptation One of the primary strengths of this script is its ability to "understand" the timeframe you are using. It features an intelligent setup where it can automatically adjust its internal settings based on whether you are looking at a 1-minute chart, a daily chart, or anything in between. This ensures that the mathematical calculations remain relevant and accurate regardless of your trading style. If you prefer a manual approach, the script also allows for custom "User Variables" to override these automatic settings.
2. Dual-Layer Calculation The logic works by processing two different types of Moving Averages (MAs):
- A Long-Term Average: This tracks the broader, slower movement of the market.
- A Short-Term Average: This tracks more immediate, rapid price fluctuations.
By calculating the "gap" or the difference between these two averages and their corresponding internal smoothed versions, the script creates a dynamic measurement of momentum.
3. Trend Detection (Long vs. Short) The indicator compares these two measurements to determine the dominant trend:
- Bullish Sentiment (Long): When the short-term momentum significantly outweighs the long-term movement in an upward direction, the script identifies a "Long" trend.
- Bearish Sentiment (Short): Conversely, when the long-term movement exerts more pressure than the short-term fluctuations in a downward direction, it identifies a "Short" trend.
4. Visual Representation & Alerts The results are displayed as a histogram:
- Blue Histograms typically represent the strength of the upward trend.
- Red Histograms typically represent the strength of the downward trend.
5. Smart Notifications Beyond just being a visual aid, the script acts as an active monitoring system. It is programmed to recognize the exact moment the market flips from one sentiment to another (e.g., from a Short trend to a Long trend). When this "Trend Change" occurs, the script triggers an immediate alert notification, allowing you to react to market shifts in real-time without having to constantly watch the screen.
//+------------------------------------------------------------------+
//| Vasily Pip Sniper.mq4 |
//| By: E |
//| Bar version by V-X |
//+------------------------------------------------------------------+
#property copyright "By: E"
//----
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_color2 Red
#property indicator_width1 2
#property indicator_width2 2
extern int TimeFrame = 0;
extern int Price = 6;
extern int Method = 3;
extern string estr = "If UseUserVariables set to false, variables are automatically chosen";
extern bool UseUserVariables = True;
extern int FastPeriod = 21;
extern int SlowPeriod = 144;
double alertBar;
double prev;
//---- parameters
int per1, per2;
//---- buffers
double up[];
double dn[];
double WorkBuffer[];
double WorkBuffer2[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//----
if (!UseUserVariables)
{
// for monthly
int mn_per = 12;
int mn_fast = 3;
// for weekly
int w_per = 9;
int w_fast = 3;
// for daily
int d_per = 5;
int d_fast = 3;
// for H4
int h4_per = 12;
int h4_fast = 2;
// for H1
int h1_per = 24;
int h1_fast = 8;
// for M30
int m30_per = 16;
int m30_fast = 2;
// for M15
int m15_per = 16;
int m15_fast = 4;
// for M5
int m5_per = 12;
int m5_fast = 3;
// for M1
int m1_per = 30;
int m1_fast = 10;
double alertTag;
//----
}
//----
if (UseUserVariables)
{
per1=SlowPeriod;
per2=FastPeriod;
}
else
{
switch(Period())
{
case 1: per1 = m1_per; per2 = m1_fast; break;
case 5: per1 = m5_per; per2 = m5_fast; break;
case 15: per1 = m15_per; per2 = m15_fast; break;
case 30: per1 = m30_per; per2 = m30_fast; break;
case 60: per1 = h1_per; per2 = h1_fast; break;
case 240: per1 = h4_per; per2 = h4_fast; break;
case 1440: per1 = d_per; per2 = d_fast; break;
case 10080: per1 = w_per; per2 = w_fast; break;
case 43200: per1 = mn_per; per2 = mn_fast; break;
}
}
int Timef;
if(TimeFrame != 0)
{
Timef=TimeFrame;
}
else
{
Timef=Period();
}
string Indicator_Name = "Vasily Pip Sniper ZL ("+Timef+"): ";
//-----
IndicatorBuffers(4);
SetIndexStyle(0, DRAW_HISTOGRAM,0,4);
SetIndexBuffer(0, up);
SetIndexStyle(1, DRAW_HISTOGRAM,0,4);
SetIndexBuffer(1, dn);
SetIndexBuffer(2, WorkBuffer);
SetIndexBuffer(3, WorkBuffer2);
SetIndexDrawBegin(0, per1 + per2);
SetIndexDrawBegin(1, per1 + per2);
IndicatorShortName(Indicator_Name);
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int limit;
int counted_bars = IndicatorCounted();
//----
if(counted_bars < 0)
return(-1);
//----
if(counted_bars > 0)
counted_bars -= 10;
limit = Bars - counted_bars/Period();
//----
for(int i = 0; i < limit; i++)
{
WorkBuffer[i] = iMA(NULL, TimeFrame, per1, 0, Method, Price, i);
WorkBuffer2[i]= iMA(NULL, TimeFrame, per2, 0, Method, Price, i);
}
for(i = 0; i < limit; i++)
{
double wMA, wMA2, lMA, sMA, pr;
wMA = iMAOnArray(WorkBuffer, TimeFrame, per1, 0, Method, i);
lMA = WorkBuffer[i] + WorkBuffer[i] - wMA;
wMA2 = iMAOnArray(WorkBuffer2, TimeFrame, per2, 0, Method, i);
sMA = WorkBuffer2[i] + WorkBuffer2[i] - wMA2;
up[i]=sMA-lMA;
dn[i]=lMA-sMA;
if(up[i]>dn[i])
{
if (up[i]==1 && dn[i]==0 && Bars>alertBar)
{
Alert("Vasily Pip Sniper Trend Change LONG, ",Symbol()," ",Period());
}
up[i]=1;
dn[i]=0;
alertBar = Bars;prev = 2;
}
else
{
if (up[i]==0 && dn[i]==1 && Bars>alertBar)
{
Alert("Vasily Pip Sniper Trend Change SHORT, ",Symbol()," ",Period());
}
up[i]=0;
dn[i]=1;
alertBar = Bars;prev = 1;
}
}
//----
return(0);
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
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