Brain Trend 1 Stop Metatrader MQL Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

/*[[
	Name := NRTR 
	Author := VG many thanks to Konkop and dupidu
	Link := 4vg@mail.ru
	Separate Window := No
	First Color := Fuchsia
	First Draw Type := Symbol
	First Symbol := 159
	Use Second Data := Yes
	Second Color := Aqua
	Second Draw Type := Symbol
	Second Symbol := 159
]]*/

//-----------------------------------------------------------------------
Input : AveragePeriod(10);
//----------------------------------------------------------------------
Variable : bar(0);
Variable : value(0);
Variable : price(0);
Variable : trend(0),dK(0), AvgRange(0),i(0);
SetLoopCount(0);
AvgRange=0;
for i=1 To AveragePeriod { AvgRange+= Abs(High[i]-Low[i]); };

// fixed to Work with JPY Symbols
if Point>=0.01 then dK = (AvgRange/AveragePeriod)*Point
else dK = (AvgRange/AveragePeriod);

if Close[Bars-1] > Open[Bars-1] then {
   value = Close[Bars - 1] * (1 - dK);
   trend = 1;
   SetIndexValue2(Bars - 1, value);
   };
if Close[Bars-1] < Open[Bars-1] then {
   value = Close[Bars - 1] * (1 + dK);
   trend = -1;
   SetIndexValue(Bars - 1, value);
   };
for bar = Bars - 2 downto 0 {
    if trend >= 0 then {
       if Close[bar] > price then price = Close[bar];
       value = price * (1 - dK);
       if Close[bar] < value then {    
          price = Close[bar];
          value = price * ( + dK);
          trend = -1;
          };
       } 
    else 
    if trend <= 0 then {
       if Close[bar] < price then price = Close[bar];
       value = price * (1 + dK);
       if Close[bar] > value then {
          price = Close[bar];
          value = price * (1 - dK);
          trend = 1;
          };
       };
if trend = -1 then SetIndexValue(bar, value);
if trend = 1 then SetIndexValue2(bar, value);
}; 
// ----------------------

Author/Source: 4vg@mail.ru

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