wajdyss_3MA_Indicator_V1

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Author: Copyright 2009 Wajdyss
wajdyss_3MA_Indicator_V1

The wajdyss_3MA Indicator is a technical analysis tool designed to identify specific momentum shifts in financial markets by monitoring the relationship between three different Moving Averages (MAs). Instead of relying on a single price point, this script analyzes the "stacking" and "crossing" behavior of three distinct types of averages to generate buy and sell signals.

Core Logic & Methodology

The indicator operates based on a tiered moving average system. It calculates three different periods simultaneously:

  1. Fast Moving Average: Reacts very quickly to immediate price changes.
  2. Medium Moving Average: Provides a balanced view of recent price trends.
  3. Slow Moving Average: Identifies the broader, long-term market direction.

The script monitors these three averages as they relate to one another. A signal is generated when the relationship between these lines shifts from one state to another—specifically, when the faster averages move into a specific alignment relative to the slower ones.

Signal Generation

  • Buy Signals: The logic identifies a "Bullish" setup when the Fast Moving Average rises above both the Medium and Slow Moving Averages simultaneously, provided this wasn't the previous state of the market. When this alignment occurs, the script places a visual marker (an arrow) below the price candle.
  • Sell Signals: Conversely, a "Bearish" setup is identified when the Fast Moving Average drops below both the Medium and Slow Moving Averages. When this downward shift is confirmed, the script places a visual marker above the price candle.

Key Features

  • Visual Alerts: The tool provides immediate feedback by placing arrows on the chart to highlight entry or exit points.
  • Audio & Pop-up Notifications: The script includes an automated alert system. When a signal is triggered, it can trigger an audible sound and a pop-up alert window, notifying the user to consider closing opposing orders and opening new positions.
  • Dynamic Customization: Users can adjust the length of the moving averages (how many candles are calculated), the calculation method (Simple, Exponential, Smoothed, or Linear Weighted), and whether the average should be based on the Close, Open, High, Low, or other price types.
  • License & Expiration: The script contains a built-in expiration system that checks the current date against a predefined deadline. If the date has passed, the indicator will display an on-screen message informing the user that the tool has expired.

Summary for Traders

In essence, this indicator acts as a trend-following filter. By requiring three different moving averages to align before providing a signal, it attempts to filter out "market noise" and ensure that the user is trading in the direction of established momentum rather than reacting to minor, insignificant price fluctuations.

Price Data Components
Series array that contains open prices of each barSeries array that contains close prices for each bar
Indicators Used
Moving average indicator
Miscellaneous
Implements a curve of type %1It plays sound alerts
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0 Downloads
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wajdyss_3MA_Indicator_V1 
//+------------------------------------------------------------------+
//|                                            wajdyss_3MA_Indicator |
//|                                           Copyright 2009 Wajdyss |
//|                                                wajdyss@yahoo.com |
//+------------------------------------------------------------------+
#property copyright "Copyright 2009 Wajdyss"
#property link      "wajdyss@yahoo.com"

#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 LawnGreen
#property indicator_color2 Magenta
#property indicator_width1  2
#property indicator_width2  2

int days=350;
int candle=350;
extern string MA_Method = "0 = Simple, 1 = Exponential, 2 = Smoothed, 3 = Linear Weighted";
extern string Apply_to = "0=Close, 1=Open, 2=High, 3=Low, 4=Median, 5=Typical,6=Weighted Close ";
extern int Faster_MA_Period = 5;
extern int Faster_MA_Shift  = 0;
extern int Faster_MA_method  = 1; 
extern int Faster_MA_Apply_to = 0;
extern string Note1="-----------------";
extern int Fast_MA_Period = 10;
extern int Fast_MA_Shift  = 0;
extern int Fast_MA_method  = 1; 
extern int Fast_MA_Apply_to = 0;
extern string Note2="-----------------";
extern int Slow_MA_Period = 20;
extern int Slow_MA_Shift  = 0;  
extern int Slow_MA_method  = 1;
extern int Slow_MA_Apply_to  = 0;
extern string Note3="ÈõÚÏ ÇáÇÔÇÑÉ ÈÇáäÞÇØ ";
extern int Pips=20;
extern string Note4="-----------------";
extern bool alert = true;
extern string file="alert.wav";
extern string Note5="-----------------";
extern int TextSize=14;
extern color TextColor1=White;
extern color TextColor2=Yellow;
extern color TextColor3=Aqua;
extern color TextColor4=Red;
extern color TextColor5=Chartreuse;
bool manual=true;
int w=0,ww=0;
double CrossUp[];
double CrossDown[];
int eyear=9999;
int emonth=9;
int eday=9;
bool al1=false;
bool al2=false;
int MA_Buy=1;
int j1,j2;
string Name="wajdyss 3MA Indicators";
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- indicators
   SetIndexStyle(0, DRAW_ARROW, EMPTY);
   SetIndexArrow(0, 233);
   SetIndexBuffer(0, CrossUp);
   SetIndexStyle(1, DRAW_ARROW, EMPTY);
   SetIndexArrow(1, 234);
   SetIndexBuffer(1, CrossDown);
//----

   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
  Comment("");
 ObjectDelete("a label");
 ObjectDelete("b label");
 ObjectDelete("c label");
 ObjectDelete("d label");
 ObjectDelete("e label");


   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
  //a
          if(ObjectFind("a label") != 0)
   {
      ObjectCreate("a label", OBJ_LABEL, 0,0,0);
      ObjectSetText("a label","ÈÓã Çááå ÇáÑÍãä ÇáÑÍíã" , TextSize, "Arial", TextColor1);
      ObjectSet("a label", OBJPROP_XDISTANCE,350);
     ObjectSet("a label", OBJPROP_YDISTANCE,0);
   }
   else
   {
   ObjectMove("a label", 0,  0,0);
   }
   
   //b
      if(ObjectFind("b label") != 0)
   {
      ObjectCreate("b label", OBJ_LABEL, 0,0,0);
      ObjectSetText("b label",Name , TextSize, "Arial", TextColor2);
      ObjectSet("b label", OBJPROP_XDISTANCE,325);
     ObjectSet("b label", OBJPROP_YDISTANCE,25);
   }
   else
   {
   ObjectMove("b label", 0,  0,0);
   }
   
   // c

   
      if(ObjectFind("c label") != 0)
   {
      ObjectCreate("c label", OBJ_LABEL, 0,0,0);
      ObjectSetText("c label","wajdyss@yahoo.com"  , TextSize, "Arial", TextColor3);
      ObjectSet("c label", OBJPROP_XDISTANCE,335);
     ObjectSet("c label", OBJPROP_YDISTANCE,50);
   }
   else
   {
   ObjectMove("c label", 0,  0,0);
   }
   
    if ((Year()>eyear) || (Year()==eyear && Month()>emonth) || (Year()==eyear && Month()==emonth && Day()>eday))
    {
       //d
   if(ObjectFind("d label") != 0)
   {
      ObjectCreate("d label", OBJ_LABEL, 0,0,0);
      ObjectSetText("d label","the indicator has expired , contact us by E-mail" ,TextSize, "Arial", TextColor4);
      ObjectSet("d label", OBJPROP_XDISTANCE,250);
     ObjectSet("d label", OBJPROP_YDISTANCE,75);
   }
   else
   {
   ObjectMove("d label", 0,  0,0);
   }
      return(0);
    } 
   else 
       if(ObjectFind("d label") != 0)
   {
      ObjectCreate("d label", OBJ_LABEL, 0,0,0);
      ObjectSetText("d label","the indicator well expire after ( " + eday+"-"+emonth+"-"+eyear+" )",TextSize, "Arial", TextColor4);
      ObjectSet("d label", OBJPROP_XDISTANCE,265);
     ObjectSet("d label", OBJPROP_YDISTANCE,75);
   }
   else
   {
   ObjectMove("d label", 0,  0,0);
   }
      
   int  same , notsame, samef, notsamef, samer, notsamer, samecandle, notsamecandle ;
   double  GSignalUP=0 , SignalUP=0 , GSignalDOWN=0, SignalDOWN=0 , AllSignal=0 , BSignalUP=0
    , BSignalDOWN=0 ,a ;
   
   double samep,notsamep,all,GSignals,GSignalsP, GSignalUPP,GSignalDOWNP,FRMA1,FRMA2,FMA1,FMA2,SMA1,SMA2,FMA11,FMA22,SMA11,SMA22;
   string sameforecast,notsameforecast, wajdyssforecast , status ;


//   if (manual ==true) status="manual"; else status="auto";
   int up=0;

   for (int i=Bars;i>=1;i--) 
   { 
    FRMA1=iMA(Symbol(), 0, Faster_MA_Period, Faster_MA_Shift, Faster_MA_method, Faster_MA_Apply_to, i);
    FRMA2=iMA(Symbol(), 0, Faster_MA_Period, Faster_MA_Shift, Faster_MA_method, Faster_MA_Apply_to, i+1);

    FMA1=iMA(Symbol(), 0, Fast_MA_Period, Fast_MA_Shift, Fast_MA_method, Fast_MA_Apply_to, i);
    FMA2=iMA(Symbol(), 0, Fast_MA_Period, Fast_MA_Shift, Fast_MA_method, Fast_MA_Apply_to, i+1);

    SMA1=iMA(Symbol(), 0, Slow_MA_Period, Slow_MA_Shift, Slow_MA_method, Slow_MA_Apply_to, i);
    SMA2=iMA(Symbol(), 0, Slow_MA_Period, Slow_MA_Shift, Slow_MA_method, Slow_MA_Apply_to, i+1);

       if (FRMA1>FMA1 && FMA1>SMA1 && !(FRMA2>FMA2 && FMA2>SMA2) && MA_Buy==-1)
        //if (FMA1>SMA1 && FMA2<SMA2)
 
   {
    if ((Year()>eyear) || (Year()==eyear && Month()>emonth) || (Year()==eyear && Month()==emonth && Day()>eday))
    {
       //d
   if(ObjectFind("d label") != 0)
   {
      ObjectCreate("d label", OBJ_LABEL, 0,0,0);
      ObjectSetText("d label","the indicator has expired , contact us by E-mail" ,TextSize, "Arial", TextColor4);
      ObjectSet("d label", OBJPROP_XDISTANCE,250);
     ObjectSet("d label", OBJPROP_YDISTANCE,75);
   }
   else
   {
   ObjectMove("d label", 0,  0,0);
   }
      return(0);
    } 
   else 
       if(ObjectFind("d label") != 0)
   {
      ObjectCreate("d label", OBJ_LABEL, 0,0,0);
      ObjectSetText("d label","the indicator well expire after ( " + eday+"-"+emonth+"-"+eyear+" )",TextSize, "Arial", TextColor4);
      ObjectSet("d label", OBJPROP_XDISTANCE,265);
     ObjectSet("d label", OBJPROP_YDISTANCE,75);
   }
   else
   {
   ObjectMove("d label", 0,  0,0);
   }
   CrossUp[i] = Low[i]-Pips*Point;
   AllSignal++;
   SignalUP++;
   up=1;
   j1=i;
   MA_Buy=1;

   if (iClose(Symbol(),NULL,i-1)>iOpen(Symbol(),NULL,i-1))
   GSignalUP++;
   else BSignalUP++;
   }
   
   
      if (FRMA1<FMA1 && FMA1<SMA1 && !(FRMA2<FMA2 && FMA2<SMA2) && MA_Buy==1)
//      if (FMA1<SMA1 && FMA2>SMA2)
 
   { 
    if ((Year()>eyear) || (Year()==eyear && Month()>emonth) || (Year()==eyear && Month()==emonth && Day()>eday))
    {
       //d
   if(ObjectFind("d label") != 0)
   {
      ObjectCreate("d label", OBJ_LABEL, 0,0,0);
      ObjectSetText("d label","the indicator has expired , contact us by E-mail" ,TextSize, "Arial", TextColor4);
      ObjectSet("d label", OBJPROP_XDISTANCE,250);
     ObjectSet("d label", OBJPROP_YDISTANCE,75);
   }
   else
   {
   ObjectMove("d label", 0,  0,0);
   }
      return(0);
    } 
   else 
       if(ObjectFind("d label") != 0)
   {
      ObjectCreate("d label", OBJ_LABEL, 0,0,0);
      ObjectSetText("d label","the indicator well expire after ( " + eday+"-"+emonth+"-"+eyear+" )",TextSize, "Arial", TextColor4);
      ObjectSet("d label", OBJPROP_XDISTANCE,265);
     ObjectSet("d label", OBJPROP_YDISTANCE,75);
   }
   else
   {
   ObjectMove("d label", 0,  0,0);
   }
    
    CrossDown[i] = High[i]+Pips*Point;
      AllSignal++;
      SignalDOWN++;
   up=-1;
   j2=i;
   MA_Buy=-1;
   if (iClose(Symbol(),NULL,i-1)<iOpen(Symbol(),NULL,i-1))
    GSignalDOWN++;
   else BSignalDOWN++;
   }
}

GSignals=GSignalUP+GSignalDOWN;
GSignalsP=GSignals/AllSignal;
GSignalUPP=(GSignalUP/SignalUP);
GSignalDOWNP=(GSignalDOWN/SignalDOWN);
 

   

     if (up==1 && alert==true) {al1=false; if (al2==false) { Alert (Name," Symbol ",Symbol()," Time Frame  ",Period()," Close Sell Orders And Buy AT ",Close[j1]); PlaySound(file); al2=true;}}

     if (up==-1 && alert==true){al2=false; if (al1==false) { Alert (Name," Symbol ",Symbol()," Time Frame  ",Period()," Close Buy Orders And Sell AT ",Close[j2]); PlaySound(file); al1=true;}}

   return(0);
  }

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