Oscillator from MBA Thesis

[jjk2]

meatspin.com

[NiCForce]

Volume

I dont knows,

pherhebs this can help u

https://www.mql5.com/en/forum/176587

[omelette]

Hi. You are making a few errors defining buffers and using the iMAonArray function. You also need an explicit check for zero divide situations.

Anyway here is what results. Any pointers on its usage?

#property copyright "Metatrader4 Code by jjk2. Based on MBA Thesis from Simon Fraser University written by C.E. ALDEA."

#property link ""

#property indicator_separate_window

#property indicator_buffers 1

#property indicator_color1 Red

//---- buffers

double ExtMapBuffer1[];

double ExtMapBuffer2[];

//+------------------------------------------------------------------+

//| Custom indicator initialization function |

//+------------------------------------------------------------------+

int init()

{

//---- indicator drawing

IndicatorBuffers(2);

SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,3,Green);

SetIndexBuffer(0,ExtMapBuffer1);

SetIndexStyle(1,DRAW_NONE,STYLE_SOLID,3,Yellow);//DRAW_NONE,EMPTY,EMPTY);

SetIndexBuffer(1,ExtMapBuffer2);

///-----Name of Indicator

string short_name = "ZigZag BETA Current value calculated by indicator:";

IndicatorShortName(short_name);

//----

return(0);

}

//+------------------------------------------------------------------+

//| Custom indicator deinitialization function |

//+------------------------------------------------------------------+

int deinit()

{

//----

//----

return(0);

}

//+------------------------------------------------------------------+

//| Custom indicator iteration function |

//+------------------------------------------------------------------+

int start()

{

int counted_bars = IndicatorCounted();

int pos = Bars - counted_bars - 9;

int temp = pos;

//----

if (counted_bars<0) return(-1);

if (counted_bars>0) counted_bars--;

while(pos>0)

{

//string xxx = "pos";

double MACD = iMACD(NULL,0,12,26,9,PRICE_CLOSE,0,pos);

double Stoch = iStochastic(NULL,0,9,6,2,MODE_SMA,1,0,pos);

double RSI = iRSI(NULL,0,9,PRICE_CLOSE,pos);

double moment = (iMomentum(NULL,0,9,PRICE_CLOSE,pos));

//double momentum = (Close[pos]-Close[pos+9]);

//double Roc = (Close[pos]/Close[pos+9])*100;

double Volu = iVolume(NULL,0,pos);

//Main Forumla

//double preFormula = (/Momentum);

if (moment != 0)

ExtMapBuffer2[pos] = Stoch*(RSI)/moment;

//Alert("MACD: ", MACD," ","Stoch: ", Stoch," ", "RSI: ", RSI," ","Momentum: ", momentum," ","Volume: ", Volu);

//Alert(Stoch*(RSI)/Roc);

pos--;

}

while (temp > 0) {

double Formula = iMAOnArray(ExtMapBuffer2,0,2,0,MODE_SMA,temp);

ExtMapBuffer1[temp] = Formula;

temp--; }

//----

return(0);

}

//+------------------------------------------------------------------+

[walterw]

From what I see in terms of usage, this indicator is showing some key pivots where some kind of reversal is going to happen, using it in conjunction with other tools could make it usefull... my question is, does it repaint ? did you try it on intraday data like 4 hours 1 hour charts ? its interesting to see it, would be nice to test it... cheers Walter.

[richest]

I don't know if this indicator can make money or not, but wouldn't it better if hte histogram has 2 colors that can show whether the trend is up or down?

[jjk2]

screenshot and a few other comments

deleted the crappier verison.

[jjk2]

deleted the crappier verison.

[traderandreas]

indicator does not refresh

Hi,

The indicator still does not refresh. The current histogram does not form until after the candle closes.

Trader

[prasxz]

hi

traderandreas:
Hi,

The indicator still does not refresh. The current histogram does not form until after the candle closes.

Trader

it should need some modification again I think

===================

Forex Indicators Collection

[Perky]

i like the colour change idea AND it still doesnt update

but im not very good with Imaonarray stuff

[Perky]

I know there are some strange rules on ImonArray function

I had a go at fixing it

cant say its terribly efficient - on computer rescources but at least it now updates

and it does redraw slightly

but its a move ---> in the right direction?