Mean Deviation from SMA Metatrader MQL Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

/*[[
	Name := Mean Deviation
	Author := Luis Damiani
	Separate Window := yes
	First Color := lime
	First Draw Type := histogram
	First Symbol := 104
	Use Second Data := yes
	Second Color := OrangeRed
	Second Draw Type := histogram
	Second Symbol := 104
]]*/


Inputs : Periods(6),delta(3),num_bars(200);

Variables : shift(0), cnt(0), loopbegin(0);
Variables : md(0),md_1(0),trade(0);
Variables : prevbars(0),start(-1);

SetLoopCount(0);

For shift=num_bars Downto 0 Begin
md=(((high[shift]+low[shift]+close[shift])/3)-iMAEx(periods,MODE_SMA,0,PRICE_TYPICAL,shift))/iCCIEx(periods,PRICE_TYPICAL,shift)/0.015;
//md_1=(((high[shift+1]+low[shift+1]+close[shift+1])/3)-iMAEx(periods,MODE_SMA,0,PRICE_TYPICAL,shift+1))/iCCIEx(periods,PRICE_TYPICAL,shift+1)/0.015;

if md<point*2 or (md+0.4*Point<md_1 and md<point*4) then {trade-=1; if trade<-delta then trade=-delta;}
else {trade+=1;if trade>delta then trade=delta;};

if !(trade>0) then {SetIndexValue2(shift,md);SetIndexValue(shift,0);}
else {SetIndexValue2(shift,0);SetIndexValue(shift,md);};
md_1=md;
			
End;
md_1=0;

Author/Source: Luis Damiani

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