SilverTrend Signal With Alert Metatrader MQ4 Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Home
Forex Forum
+ Add Script
Metastock Expert Advisors Explorations Indicators Trading Systems Metatrader MQL Experts MQL Indicators MQ4 Experts MQ4 Indicators MQ4 Scripts Tradestation Functions Indicators PaintBars ShowMe Trading Systems Amibroker Commentaries Explorations Functions Indicators Trading Systems

Contact us



Newsletter

Group: Metatrader MQ4 Indicators

Title: SilverTrend Signal With Alert

Description: SilverTrend Signal With Alert

//+------------------------------------------------------------------+
//| SilverTrend_Signal.mq4 
//| Ramdass - Conversion only
//+------------------------------------------------------------------+
#property copyright "SilverTrend  rewritten by CrazyChart"
#property link      "http://viac.ru/"

#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Aqua
#property indicator_color2 Violet

//---- input parameters
extern int RISK=3;
extern int CountBars=350;
extern int NumberofAlerts=2;
int SSP=9;
int counter=0;
//---- buffers
double val1[];
double val2[];

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
   string short_name;
//---- indicator line
   IndicatorBuffers(2);
   SetIndexStyle(0,DRAW_ARROW);
   SetIndexArrow(0,233);
   SetIndexStyle(1,DRAW_ARROW);
   SetIndexArrow(1,234);
   SetIndexBuffer(0,val1);
   SetIndexBuffer(1,val2);
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| SilverTrend_Signal                                               |
//+------------------------------------------------------------------+
int start()
  {   
   if (CountBars>=Bars) CountBars=Bars;
   SetIndexDrawBegin(0,Bars-CountBars+SSP);
   SetIndexDrawBegin(1,Bars-CountBars+SSP);
   int i,shift,counted_bars=IndicatorCounted();
   int i1,i2,K;
   double Range,AvgRange,smin,smax,SsMax,SsMin,price;
   bool uptrend,old;
//----
   
   if(Bars<=SSP+1) return(0);
//---- initial zero
   if(counted_bars<SSP+1)
   {
      for(i=1;i<=SSP;i++) val1[CountBars-i]=0.0;
      for(i=1;i<=SSP;i++) val2[CountBars-i]=0.0;
   }
//----

K=33-RISK; 
for (shift = CountBars-SSP; shift>=0; shift--) 
{ 

	Range=0;
	AvgRange=0;
	for (i1=shift; i1<=shift+SSP; i1++)
		{AvgRange=AvgRange+MathAbs(High[i1]-Low[i1]);
		}
	Range=AvgRange/(SSP+1);

SsMax=High[shift]; SsMin=Low[shift]; 
   for (i2=shift;i2<=shift+SSP-1;i2++)
        {
         price=High[i2];
         if(SsMax<price) SsMax=price;
         price=Low[i2];
         if(SsMin>=price)  SsMin=price;
        }
 
smin = SsMin+(SsMax-SsMin)*K/100; 
smax = SsMax-(SsMax-SsMin)*K/100; 
	val1[shift]=0;
	val2[shift]=0;
	if (Close[shift]<smin)
		{
		uptrend = false;
		}
	if (Close[shift]>smax)
		{
		uptrend = true;
		}
   if (uptrend!=old && uptrend==true)
   {
   val1[shift]=Low[shift]-Range*0.5;
   counter=0;
   if (shift==0 && counter<=NumberofAlerts) 
   {
   Alert("Silver Trend ",Period()," ",Symbol()," BUY");
   counter=counter+1;
   }
   }
   if (uptrend!=old && uptrend==false) 
   {
   counter=0;
   val2[shift]=High[shift]+Range*0.5;
   if (shift==0 && counter<=NumberofAlerts) 
   {
   Alert("Silver Trend ",Period()," ",Symbol()," SELL");
   counter=counter+1;
   
   }
   }
   Comment(shift);
   old=uptrend;

}
   return(0);
  }
//+------------------------------------------------------------------+

Author/Source: CrazyChart