Vasily_Pip_Sniper_v3.1
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This tool is designed to help traders analyze market momentum and price direction by calculating the mathematical relationship between two different moving averages. Instead of just showing you a simple average, it focuses on the "gap" or variance between different speeds of market data to identify trends more clearly.
Core Logic Overview
The script operates by comparing two distinct layers of data: a "Slow" period and a "Fast" period. By looking at how these two periods interact with each other, the tool attempts to filter out market noise and highlight significant shifts in price movement.
Key Functional Components
1. Intelligent Timeframe Adaptation One of the primary features of this script is its ability to understand different trading environments. Depending on how you set it up, the tool can automatically adjust its internal calculations based on the timeframe you are viewing (e.g., switching logic when moving from a 1-minute chart to a Daily chart). This ensures that the sensitivity of the indicator remains appropriate for the specific speed of the market you are trading.
2. Dual-Layer Moving Average Processing The script calculates two primary indicators:
- WorkBuffer: A standard calculation based on a longer, slower period to establish the overall trend.
- WorkBuffer2: A calculation based on a shorter, faster period to capture immediate price changes.
3. Variance and Momentum Calculation The "logic" occurs when the script takes these two buffers and performs a specific mathematical subtraction. It calculates the difference between the slow trend and the fast trend at any given moment.
- The Upward Signal (Blue Line): This represents the momentum generated when the fast price action is significantly stronger than the long-term average.
- The Downward Signal (Red Line): This represents the momentum when the long-term trend begins to outweigh the immediate price action, signaling a potential cooling off or reversal.
How it Appears on Your Chart
Instead of cluttering your main price chart with multiple lines, this script opens in a separate window at the bottom. It provides two distinct lines:
- Blue Line: Highlights positive momentum (buying pressure).
- Red Line: Highlights negative momentum (selling pressure).
By observing these lines, a user can visually identify when the market is accelerating in one direction or when it is losing steam, providing a clearer picture of "price velocity" rather than just the price itself.
//+------------------------------------------------------------------+
//| Vasily Pip Sniper.mq4 |
//| By: E |
//| |
//+------------------------------------------------------------------+
#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;
//---- 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;
//----
}
//----
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_LINE);
SetIndexBuffer(0, up);
SetIndexStyle(1, DRAW_LINE);
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;
}
//----
return(0);
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
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