wd.Range_DailyAvg

ÿþ//+-------------------------------------------------------------------+

//|                                             wd.Range_DailyAvg.mq5 |

//|                 Copyright © 2023, Karya Prima Rajasa Mediavestama |

//|                                  Programmed by widhie75@yahoo.com |

//|                                                                   |

//|                            Basic idea: 'TSR_Ranges.mq4' by Ogeima |

//+-------------------------------------------------------------------+

#property copyright   "Copyright © 2023, Karya Prima Rajasa Mediavestama."

#property link        "https://www.mql5.com/en/code/47117"

#property version     "2.23"

#property strict

#property description "Calculate the 'Average Daily Range' based on 20 days of historical upper-lower price data, to estimate today's price movements."

#property description "When the projected trend is upward, taking profit opportunities can be measure by configuring indicator properties with 'Estimated today price zone = Room_up'."

#property description "During downward trends, selling price levels and profit target can be measure using 'Estimated today price zone = Room_down'."



#property indicator_chart_window

#property indicator_plots 0



// Define ENUM_ANCHOR before using it

enum ENUM_ANCHOR

  {

   Room_up,

   Room_down

  };



// Input parameters

input bool showAverageDaysRangeInfo = true; // Display Average Range Information

input color RectColor = clrYellow; // Today's price zone color

input ENUM_LINE_STYLE LineStyle = STYLE_DASH; //Price zone style

input int LineWidth = 2; //Price zone border width

input ENUM_ANCHOR Anchor = Room_up; // Estimated today price zone



// Declare the variables at a higher scope so that they can be accessed by both functions





double lowestPrice = 0; // Declare lowestPrice variable

double highestPrice = 0; // Declare highestPrice variable



// Rectangle object name

string rectangleObjectName = "Today Price Zone";



//+------------------------------------------------------------------+

//| Custom indicator initialization function                         |

//+------------------------------------------------------------------+

int OnInit()

  {

   int avgDayRange = 0;

   int prevDayRange = 0;

   int avgRange02 = 0;

   int avgRange05 = 0;

   int avgRange10 = 0;

   int avgRange20 = 0;



   if(showAverageDaysRangeInfo)

     {

      AverageDaysRangeInfo(avgDayRange,prevDayRange,avgRange02,avgRange05,avgRange10,avgRange20);

     }



     {

      // Calculate the average ranges over the specified periods

      int sumRange02 = 0;

      int sumRange05 = 0;

      int sumRange10 = 0;

      int sumRange20 = 0;



      for(int i = 1; i <= 20; i++)

        {

         int dailyRange = int((iHigh(NULL, PERIOD_D1, i) - iLow(NULL, PERIOD_D1, i)) / _Point);

         sumRange20 += dailyRange;



         if(i <= 2)

            sumRange02 += dailyRange;

         if(i <= 5)

            sumRange05 += dailyRange;

         if(i <= 10)

            sumRange10 += dailyRange;

        }



      int avgRange02 = sumRange02 / MathMin(20, 2);

      int avgRange05 = sumRange05 / MathMin(20, 5);

      int avgRange10 = sumRange10 / MathMin(20, 10);

      int avgRange20 = sumRange20 / 20;



      // Calculate the range for the previous day

      int prevDayRange = int((iHigh(NULL, PERIOD_D1, 1) - iLow(NULL, PERIOD_D1, 1)) / _Point);



      // Calculate the average day range as (Previous day range + 2 days range + 5 days range + 10 days range + 20 days range) / 5

      int avgDayRange = (prevDayRange + avgRange02 + avgRange05 + avgRange10 + avgRange20) / 5;



      // Structure time as today, beginning at 00:00:00 and ending at 23:59:xx.

      MqlDateTime today;

      datetime current_time = TimeCurrent();

      TimeToStruct(current_time, today);

      today.hour = 0;

      today.min = 0;

      today.sec = 0;

      datetime startday = StructToTime(today);

      datetime endday = startday + 24 * 60 * 59;



      // Condition if the anchor is set as 'Room_down'

      if(Anchor == Room_down)

        {

         // Find the highest price between startday and endday

         for(int shift = iBarShift(Symbol(), PERIOD_D1, endday, true); shift >= iBarShift(Symbol(), PERIOD_D1, startday, true); shift--)

           {

            double highPrice = iHigh(Symbol(), PERIOD_D1, shift);

            if(highPrice > highestPrice)

              {

               highestPrice = highPrice;

              }

           }



         // Calculate endPrice as lowestPrice

         double endPriceLow = highestPrice - avgDayRange * _Point;



         // Draw the rectangle. Start price from today's highest price

         if(ObjectCreate(0, "Today Price Zone", OBJ_RECTANGLE, 0, startday, highestPrice, endday, endPriceLow))

           {

            ObjectSetInteger(0, "Today Price Zone", OBJPROP_SELECTABLE, false);

            ObjectSetInteger(0, "Today Price Zone", OBJPROP_COLOR, RectColor);

            ObjectSetInteger(0, "Today Price Zone", OBJPROP_STYLE, LineStyle);

            ObjectSetInteger(0, "Today Price Zone", OBJPROP_WIDTH, LineWidth);



            // Set text in the rectangle

            ObjectSetString(0, "Today Price Zone", OBJPROP_TEXT, IntegerToString(avgDayRange, 1));

           }



         // Condition if the anchor is set as 'Room_up'

        }

      else

         if(Anchor == Room_up)

           {

            // Find the lowest price between startday and endday

            for(int shift = iBarShift(Symbol(), PERIOD_D1, endday, true); shift >= iBarShift(Symbol(), PERIOD_D1, startday, true); shift--)

              {

               double lowPrice = iLow(Symbol(), PERIOD_D1, shift);

               if(lowestPrice == 0 || lowPrice < lowestPrice)

                 {

                  lowestPrice = lowPrice;

                 }

              }



            // Calculate endPrice as highestPrice

            double endPriceHigh = lowestPrice + avgDayRange * _Point;



            // Draw the rectangle. Start price from today's lowest price

            if(ObjectCreate(0, "Today Price Zone", OBJ_RECTANGLE, 0, startday, lowestPrice, endday, endPriceHigh))

              {

               ObjectSetInteger(0, "Today Price Zone", OBJPROP_SELECTABLE, false);

               ObjectSetInteger(0, "Today Price Zone", OBJPROP_COLOR, RectColor);

               ObjectSetInteger(0, "Today Price Zone", OBJPROP_STYLE, LineStyle);

               ObjectSetInteger(0, "Today Price Zone", OBJPROP_WIDTH, LineWidth);



               // Set label text inside the rectangle. Value of "Avg ranges :"

               ObjectSetString(0, "Today Price Zone", OBJPROP_TEXT, IntegerToString(avgDayRange, 1));

              }

           }

     }



   return(INIT_SUCCEEDED);

  }

//+------------------------------------------------------------------+

//| Custom indicator deinitialization function                       |

//+------------------------------------------------------------------+

void OnDeinit(const int reason)

  {

// Delete the rectangle object on deinitialization

   ObjectDelete(0, rectangleObjectName);



// Delete the Average Days Range Info on deinitialization

   Comment("");

  }







//+------------------------------------------------------------------+

//| Custom indicator iteration function                              |

//+------------------------------------------------------------------+

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(!showAverageDaysRangeInfo)  // Check if visibility is disabled

     {

      Comment(""); // Clear the chart comment

      return(rates_total);

     }



// Calculate the average ranges over the specified periods

   double sumRange02 = 0.0;

   double sumRange05 = 0.0;

   double sumRange10 = 0.0;

   double sumRange20 = 0.0;



   for(int i = 1; i <= 20; i++)

     {

      int dailyRange = int((iHigh(NULL, PERIOD_D1, i) - iLow(NULL, PERIOD_D1, i)) / _Point);

      sumRange20 += dailyRange;



      if(i <= 2)

         sumRange02 += dailyRange;

      if(i <= 5)

         sumRange05 += dailyRange;

      if(i <= 10)

         sumRange10 += dailyRange;

     }



   int avgRange02 = sumRange02 / MathMin(20, 2);

   int avgRange05 = sumRange05 / MathMin(20, 5);

   int avgRange10 = sumRange10 / MathMin(20, 10);

   int avgRange20 = sumRange20 / 20;



// Calculate the range for the previous day

   int prevDayRange = int((iHigh(NULL, PERIOD_D1, 1) - iLow(NULL, PERIOD_D1, 1)) / _Point);



// Calculate the average day range as (Previous day range + 2 days range + 5 days range + 10 days range + 20 days range) / 5

   int avgDayRange = (prevDayRange + avgRange02 + avgRange05 + avgRange10 + avgRange20) / 5;



// Call AverageDaysRangeInfo to display the information

   AverageDaysRangeInfo(avgDayRange,prevDayRange,avgRange02,avgRange05,avgRange10,avgRange20);



   return rates_total;

  }



//+------------------------------------------------------------------+

//|                                                                  |

//+------------------------------------------------------------------+

void AverageDaysRangeInfo(double avgDayRange, double prevDayRange, double avgRange02, double avgRange05, double avgRange10, double avgRange20)

  {

// Display the Average ranges and the Average day range as simple comment text on the upper-left corner

   string text = "Avg ranges: " + int(avgDayRange) + "\n";

   text += "Prev01 day: " + int(prevDayRange) + "\n";

   text += "Avg 02 day: " + int(avgRange02) + "\n";

   text += "Avg 05 day: " + int(avgRange05) + "\n";

   text += "Avg 10 day: " + int(avgRange10) + "\n";

   text += "Avg 20 day: " + int(avgRange20) + "\n";



   Comment(text); // Display text in the upper-left corner of the chart

  }

//+------------------------------------------------------------------+