VTS_VG_TS_setka

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Author: IZZY
VTS_VG_TS_setka

This script functions as a sophisticated technical analysis tool designed to identify potential price breakout points and trends by layering multiple "volatility envelopes" over the current market price.

Core Logic and Methodology

The primary mechanism of this script is based on the Average True Range (ATR), which is a standard measure of market volatility. Rather than just looking at the current price, the script calculates a range above and below the price based on this volatility.

1. The Foundation: Volatility Envelopes The tool starts by creating two primary boundaries:

  • A "Lower Bound" (Price minus a multiple of volatility).
  • An "Upper Bound" (Price plus a multiple of volatility).

These bounds represent the expected "normal" range of price movement. If the price stays within these limits, it is considered to be moving within its standard volatility profile.

2. The Multi-Layer Filtering System (Grouping) The unique characteristic of this script is its ability to stack these envelopes on top of one another. Depending on the user's settings (the "Group" number), the script can generate up to four nested layers of calculations:

  • Recursive Expansion: Each new layer takes the highest and lowest points of the previous layer's results.
  • Smoothing Effect: By constantly comparing the current high/low values with the previous bars, the script filters out minor market "noise." This helps in identifying broader structural shifts rather than temporary fluctuations.

3. Breakout Detection and Signals In its highest configuration (Group 4), the script adds a specialized logic layer to identify specific trading signals:

  • Price Interaction: It constantly monitors when the closing price moves outside of these progressively smoothed envelopes.
  • Visual Alerts: When the price breaks significantly above or below the outermost calculated layers, the script triggers visual markers (arrows) on the chart. These are intended to highlight moments where the market is moving with enough momentum to break out of its established volatility corridor.

Summary for the User

Think of this tool as a series of "protective walls" around the price. As the market becomes more volatile, these walls expand; as it settles, they contract. By nesting multiple layers of these walls, the script ensures that the signals you see (the arrows) aren't just triggered by small wiggles in the price, but by significant movements that overcome several levels of historical volatility filtering.

Indicators Used
Indicator of the average true range
Miscellaneous
Implements a curve of type %1
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VTS_VG_TS_setka 
//+------------------------------------------------------------------+
//|                                                          VTS.mq4 |
//|                                                             IZZY |
//|                                                                  |
//+------------------------------------------------------------------+
#property copyright "IZZY"
#property link      ""

#define MAXBARSCOUNT 150000

#property indicator_chart_window
#property indicator_buffers 8
#property indicator_color1 Aqua
#property indicator_color2 Magenta
#property indicator_color3 Aqua
#property indicator_color4 Magenta
#property indicator_color5 Aqua
#property indicator_color6 Magenta
#property indicator_color7 Blue
#property indicator_color8 Red
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
//extern int Sb = 300;
extern int    PeriodAtr = 10;
extern double kATR      = 2.0;
extern int    GrupNum   = 4;

double VTS[MAXBARSCOUNT];
double VTS1[MAXBARSCOUNT];
double VTS2[MAXBARSCOUNT];
double VTS3[MAXBARSCOUNT];
double VTS4[MAXBARSCOUNT];
double VTS5[MAXBARSCOUNT];
double VTS6[MAXBARSCOUNT];
double VTS7[MAXBARSCOUNT];

double VTS8[MAXBARSCOUNT];
double VTS9[MAXBARSCOUNT];
double VTS10[MAXBARSCOUNT];
double VTS11[MAXBARSCOUNT];
double VTS12[MAXBARSCOUNT];
double VTS13[MAXBARSCOUNT];
double VTS14[MAXBARSCOUNT];
double VTS15[MAXBARSCOUNT];

double VTS16[MAXBARSCOUNT];
double VTS17[MAXBARSCOUNT];
double VTS18[MAXBARSCOUNT];
double VTS19[MAXBARSCOUNT];
double VTS20[MAXBARSCOUNT];
double VTS21[MAXBARSCOUNT];
double VTS22[MAXBARSCOUNT];
double VTS23[MAXBARSCOUNT];

double VTS24[MAXBARSCOUNT];
double VTS25[MAXBARSCOUNT];
double VTS26[MAXBARSCOUNT];
double VTS27[MAXBARSCOUNT];
double VTS28[MAXBARSCOUNT];
double VTS29[MAXBARSCOUNT];
double VTS_TS[MAXBARSCOUNT];
double VTS_TS1[MAXBARSCOUNT];

int init()
  {
//---- indicators
   IndicatorBuffers(8);
   if(GrupNum==1){
   SetIndexBuffer(0, VTS);
   SetIndexBuffer(1, VTS1);
   SetIndexBuffer(2, VTS2);
   SetIndexBuffer(3, VTS3);
   SetIndexBuffer(4, VTS4);
   SetIndexBuffer(5, VTS5);
   SetIndexBuffer(6, VTS6);
   SetIndexBuffer(7, VTS7);
   }
   if(GrupNum==2){
   SetIndexBuffer(0, VTS8);
   SetIndexBuffer(1, VTS9);
   SetIndexBuffer(2, VTS10);
   SetIndexBuffer(3, VTS11);
   SetIndexBuffer(4, VTS12);
   SetIndexBuffer(5, VTS13);
   SetIndexBuffer(6, VTS14);
   SetIndexBuffer(7, VTS15);
   }
   if(GrupNum==3){
   SetIndexBuffer(0, VTS16);
   SetIndexBuffer(1, VTS17);
   SetIndexBuffer(2, VTS18);
   SetIndexBuffer(3, VTS19);
   SetIndexBuffer(4, VTS20);
   SetIndexBuffer(5, VTS21);
   SetIndexBuffer(4, VTS22);
   SetIndexBuffer(5, VTS23);
   }
   if(GrupNum==4){
   SetIndexBuffer(0, VTS24);
   SetIndexBuffer(1, VTS25);
   SetIndexBuffer(2, VTS26);
   SetIndexBuffer(3, VTS27);
   SetIndexBuffer(4, VTS28);
   SetIndexBuffer(5, VTS29);
   SetIndexBuffer(6, VTS_TS);
   SetIndexStyle(6,DRAW_ARROW);
   SetIndexArrow(6,159);
   SetIndexBuffer(7, VTS_TS1);
   SetIndexStyle(7,DRAW_ARROW);
   SetIndexArrow(7,159);
   }
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//---- 
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+

int start()
  {
   int    counted_bars=IndicatorCounted();
//---- 
   
int    StartBars = Bars - counted_bars+2;
   //if (StartBars<Sb) StartBars = Sb;
   for(int i = StartBars; i>=0; i--){
       VTS[i] = (Close[i]-kATR*iATR(NULL,0,PeriodAtr,i));
       VTS1[i]= (Close[i]+kATR*iATR(NULL,0,PeriodAtr,i));
       }
   for(i = StartBars-1; i>0; i--){
       VTS2[i]= MathMax(VTS[i],VTS[i+1]);
       VTS3[i]= MathMin(VTS1[i],VTS1[i+1]);
       VTS4[i]= MathMax(VTS2[i],VTS2[i+1]);//VTS2[i+1];
       VTS5[i]= MathMin(VTS3[i],VTS3[i+1]);//VTS3[i+1];
       VTS6[i]= MathMax(VTS4[i],VTS4[i+1]);//VTS4[i+1];
       VTS7[i]= MathMin(VTS5[i],VTS5[i+1]);//VTS5[i+1];
       if (GrupNum >= 2){
          VTS8[i]= MathMax(VTS6[i],VTS6[i+1]);//VTS6[i+1];
          VTS9[i]= MathMin(VTS7[i],VTS7[i+1]);//VTS7[i+1];
          VTS10[i]= MathMax(VTS8[i],VTS8[i+1]);//VTS8[i+1];
          VTS11[i]= MathMin(VTS9[i],VTS9[i+1]);//VTS9[i+1];
          VTS12[i]= MathMax(VTS10[i],VTS10[i+1]);//VTS10[i+1];
          VTS13[i]= MathMin(VTS11[i],VTS11[i+1]);//VTS11[i+1]; 
          VTS14[i]= MathMax(VTS12[i],VTS12[i+1]);//VTS10[i+1];
          VTS15[i]= MathMin(VTS13[i],VTS13[i+1]);//VTS11[i+1]; 
          }
       if (GrupNum >= 3){
          VTS16[i]= MathMax(VTS14[i],VTS14[i+1]);//VTS6[i+1];
          VTS17[i]= MathMin(VTS15[i],VTS15[i+1]);//VTS7[i+1];
          VTS18[i]= MathMax(VTS16[i],VTS16[i+1]);//VTS6[i+1];
          VTS19[i]= MathMin(VTS17[i],VTS17[i+1]);//VTS7[i+1];
          VTS20[i]= MathMax(VTS18[i],VTS18[i+1]);//VTS6[i+1];
          VTS21[i]= MathMin(VTS19[i],VTS19[i+1]);//VTS7[i+1];
          VTS22[i]= MathMax(VTS20[i],VTS20[i+1]);//VTS6[i+1];
          VTS23[i]= MathMin(VTS21[i],VTS21[i+1]);//VTS7[i+1];
          }
       if (GrupNum >= 4){
          VTS24[i]= MathMax(VTS22[i],VTS22[i+1]);//VTS6[i+1];
          VTS25[i]= MathMin(VTS23[i],VTS23[i+1]);//VTS7[i+1];
          VTS26[i]= MathMax(VTS24[i],VTS24[i+1]);//VTS6[i+1];
          VTS27[i]= MathMin(VTS25[i],VTS25[i+1]);//VTS7[i+1];
          VTS28[i]= MathMax(VTS26[i],VTS26[i+1]);//VTS6[i+1];
          VTS29[i]= MathMin(VTS27[i],VTS27[i+1]);//VTS7[i+1];
          VTS_TS[i]  = VTS_TS[i+1];
          VTS_TS1[i] = VTS_TS1[i+1];
          if (Close[i]>VTS29[i]) {
              VTS_TS[i] = VTS28[i];
              VTS_TS1[i] = 0;//VTS_TS[i+1];
              }
          if (Close[i]<VTS28[i]) {
              VTS_TS1[i]= VTS29[i];
              VTS_TS[i] = 0;//VTS_TS1[i+1];
              }
          }
       }
   
//----
   return(0);
  }
//+------------------------------------------------------------------+

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