Description
//+------------------------------------------------------------------+
//| Indicator: Swingarm ATR.mq4 |
//| Created with EABuilder.com |
//| https://www.eabuilder.com |
//+------------------------------------------------------------------+
#property copyright "Created with EABuilder.com"
#property link "https://www.eabuilder.com"
#property version "1.00"
#property description ""
#include <stdlib.mqh>
#include <stderror.mqh>
//--- indicator settings
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_type1 DRAW_ARROW
#property indicator_width1 1
#property indicator_color1 0xFFAA00
#property indicator_label1 "Buy"
//--- indicator buffers
double Buffer1[];
double myPoint; //initialized in OnInit
void myAlert(string type, string message)
{
if(type == "print")
Print(message);
else if(type == "error")
{
Print(type+" | Swingarm ATR @ "+Symbol()+","+IntegerToString(Period())+" | "+message);
}
else if(type == "order")
{
}
else if(type == "modify")
{
}
}
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int OnInit()
{
IndicatorBuffers(1);
SetIndexBuffer(0, Buffer1);
SetIndexEmptyValue(0, EMPTY_VALUE);
SetIndexArrow(0, 241);
//initialize myPoint
myPoint = Point();
if(Digits() == 5 || Digits() == 3)
{
myPoint *= 10;
}
return(INIT_SUCCEEDED);
}
//+------------------------------------------------------------------+
//| 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[])
{
int limit = rates_total - prev_calculated;
//--- counting from 0 to rates_total
ArraySetAsSeries(Buffer1, true);
//--- initial zero
if(prev_calculated < 1)
{
ArrayInitialize(Buffer1, EMPTY_VALUE);
}
else
limit++;
//--- main loop
for(int i = limit-1; i >= 0; i--)
{
if (i >= MathMin(5000-1, rates_total-1-50)) continue; //omit some old rates to prevent "Array out of range" or slow calculation
//Indicator Buffer 1
if(#———————————–
input trailType = {default modified, unmodified};
input ATRPeriod = 28;
input ATRFactor = 5;
input firstTrade = {default long, short};
input averageType = AverageType.WILDERS;
input fib1Level = 61.8;
input fib2Level = 78.6;
input fib3Level = 88.6;
Assert(ATRFactor > 0, “‘atr factor’ must be positive: ” + ATRFactor);
def HiLo = Min(high – low, 1.5 * Average(high – low, ATRPeriod));
def HRef = if low <= high[1]
then high – close[1]
else (high – close[1]) – 0.5 * (low – high[1]);
def LRef = if high >= low[1]
then close[1] – low
else (close[1] – low) – 0.5 * (low[1] – high);
def trueRange;
switch (trailType) {
case modified:
trueRange = Max(HiLo, Max(HRef, LRef));
case unmodified:
trueRange = TrueRange(high, close, low);
}
def loss = ATRFactor * MovingAverage(averageType, trueRange, ATRPeriod);
def state = {default init, long, short};
def trail;
switch (state[1]) {
case init:
if (!IsNaN(loss)) {
switch (firstTrade) {
case long:
state = state.long;
trail = close – loss;
case short:
state = state.short;
trail = close + loss;
}
} else {
state = state.init;
trail = Double.NaN;
}
case long:
if (close > trail[1]) {
state = state.long;
trail = Max(trail[1], close – loss);
} else {
state = state.short;
trail = close + loss;
}
case short:
if (close < trail[1]) {
state = state.short;
trail = Min(trail[1], close + loss);
} else {
state = state.long;
trail = close – loss;
}
}
def BuySignal = Crosses(state == state.long, 0, CrossingDirection.ABOVE);
def SellSignal = Crosses(state == state.short, 0, CrossingDirection.ABOVE);
def ex = if BuySignal then high else if SellSignal then low else if state == state.long then Max(ex[1], high) else if state == state.short then Min(ex[1], low) else ex[1];
plot TrailingStop = trail;
TrailingStop.SetPaintingStrategy(PaintingStrategy.POINTS);
TrailingStop.DefineColor(“Long”, Color.GREEN);
TrailingStop.DefineColor(“Short”, Color.RED);
TrailingStop.AssignValueColor(if state == state.long
then TrailingStop.Color(“Long”)
else Tra //Custom Code
)
{
Buffer1[i] = Low[i]; //Set indicator value at Candlestick Low
}
else
{
Buffer1[i] = EMPTY_VALUE;
}
}
return(rates_total);
}
//+------------------------------------------------------------------+
/
mak.razeeb
Joined on 14.01.2023
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Average True Range (ATR).algo
- Rating: 0
- Installs: 975
- Modified: 14/01/2023 11:34
get SwingArm ATR Trend Indicator: https://ctrader.com/algos/indicators/show/3229