Demark Trend Lines & Prices Down Metatrader MQL Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

/*[[
	Name := DMTrendLines&PricesDown
	Author := Copyright © 2003, Company
	Link := http://www.company.com/
	Separate Window := No
	First Color := Red
	First Draw Type := Line
	First Symbol := 217
	Use Second Data := No
	Second Color := Red
	Second Draw Type := Line
	Second Symbol := 218
]]*/

Variable : shift(0);
Variable : KDown(0), BDown(0), MaxPrice(0),TargetPriceDown(0),n(0);
Array : TrendPriceDown[2,1](0);
Arrays : Minimum[2,1](0), TimeofMinimum[2,1](0), shiftofMinimum[2,1](0);

SetLoopCount(0);
// loop from first bar to current bar (with shift=0)
For shift = Bars - 1 DownTo 1 Begin
{
    TrendPriceDown[1,1] = TrendPriceDown[2,1];
	
	TrendPriceDown[2,1] = KDown*(shift) + BDown;
    SetIndexValue(shift, TrendPriceDown[2,1]);
	
    If Low[shift] < Low[shift - 1] AND  Low[shift] <= Low[shift + 1]      //???? ????? - ????????, ????????????
	Then {Minimum[1,1] = Minimum[2,1]; TimeofMinimum[1,1] = TimeofMinimum[2,1];                                 //??? ?????????? 
	      shiftofMinimum[1,1] = shiftofMinimum[2,1]; 
	      shiftofMinimum[2,1] = shift;                               
	      Minimum[2,1] = Low[shift]; 
	      TimeofMinimum[2,1] = Time[shift];                            
	          
          KDown = (Minimum[2,1]-Minimum[1,1])/(shiftofMinimum[2,1]-shiftofMinimum[1,1]);                        //??????????? ????? ?????   
          BDown = Minimum[1,1] - KDown*shiftofMinimum[1,1]; 
          
          TrendPriceDown[2,1] = KDown*(shift) + BDown; 
                   
          If Minimum[1,1] <= Minimum[2,1]                                              //???? ????? ????, 
          Then {For n = shiftofMinimum[1,1] DownTo shiftofMinimum[2,1] Begin                       //??????????? ???? ?? ?????? ??????, 
                   {                                                          //??????? ? ??? ??????
                     TrendPriceDown[2,1] = KDown*(n) + BDown; 
                     SetIndexValue(n, TrendPriceDown[2,1]);                                
                   };
                   End;
                                                                                                                 //????? ????? ????
                MoveObject("DownTrend", OBJ_TRENDLINE, TimeofMinimum[1,1], Minimum[1,1], TimeofMinimum[2,1], Minimum[2,1], Red, 1, STYLE_SOLID);  //???????????????
               };
         };
    
	If Close[shift] < TrendPriceDown[2,1] AND Close[shift+1] >= TrendPriceDown[1,1]   //? ????? ????????? ????,
	AND TrendPriceDown[1,1] <= TrendPriceDown[2,1]                                    //?????????????? ???? ???????.
	Then {MaxPrice = High[Highest(MODE_HIGH, shiftofMinimum[1,1], shiftofMinimum[1,1] - shift)];                                       //?????????????? ???? ???????
	      TargetPriceDown = TrendPriceDown[2,1] - (MaxPrice - TrendPriceDown[2,1]);
	      
	      MoveObject("TargetPriceDown"+Mod(shift,1), OBJ_HLINE, TimeofMinimum[1,1], TargetPriceDown, TimeofMinimum[2,1], TargetPriceDown, Red, 1, STYLE_DOT);
	          
         };

};
End;

Author/Source: ?

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