Posting Indicators

New comment
 

Hi,

I am learning mql4. I made an indicator to get in a certain way the candle strength and create a bull-bear curve. Please let me have your comments and any suggestions for improvement. I have added a detailed description,



as comments inside the indicator file.

Thanks for testing

AndPra

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

//+------------------------------------------------------------------------+
//| CAS_v1.mq4 |
//|Copyright © Andrew Prap. |
//|Candle Strength (CAS) Indicator with Moving Averages |
//+------------------------------------------------------------------------+
//|HELP: 1) About the Indicator 2) How to trade
//|============================================
//|1) About the Indicator:
//| All Technical Indicators are based on instrument values of a) OPEN, b) HIGH,
//|c) LOW, and d) CLOSE, while some are also using e) the VOLUME. In MetaTrader, Volume
//|is the Tick Volume, a surrogate for trade volume. The higher the volume during
//|a price move the more significant the move. To get a more concrete information
//|about Candlesticks and a measure their strength, all 5 values provided from MetaTrader
//|are used here (see calculation method below (*)). The indication provided is
//|called CAS the CAndlestick Strength. This is shown with a Histogram Gold
//|color bars. This Histogram shows also if the market is trending or ranging.
//| Depending on the instrument and time frame you can calibrate its scaling in
//|the Input Parameters. Thereafter,two Exponential Moving Averages are used, one
//|Fast and one Slow. Their difference when greater than zero should indicate entering
//|in BULL area and the inverse in BEAR area. This is seen by a dashed aqua color line.
//| In addition,with a thick Lime color line, is shown a smoothed CAS, with a
//|period to select e.g. 4 to 6,which is the Fast CAS EMA.
//|
//|2) How to trade:
//| The dashed aqua color line being the Difference of the 2 Moving Averages (moving
//|above or below zero),gives in certain circumstances a faster response for entry (buy)
//|above zero and exit (sell)below zero, while the Fast CAS EMA, called BULL_BEAR may give a
//|more conservative indication (less noise)for entry and exit.
//|Alternatively, you may enter with a small amount according the above dashed aqua
//|line and increase the entry amount after a confirmation given by the lime color
//|BULL_BEAR line. moving above zero for buy and below for sell.
//| A suggestion is to use the CAS indicator together with Alligator in main window
//|and +DMI -DMIof the ADX indicator in a separate window.
//| DISCLAIMER: Use this Indicator at your own risk.
//+------------------------------------------------------------------+
#property copyright "A. Prap (Open CAS_v1.mq4 in MetaEditor and read HELP)"
//----
#property indicator_separate_window
#property indicator_buffers 8
#property indicator_color1 Aqua
#property indicator_style1 4
#property indicator_width1 1
#property indicator_color2 Gold // Candle Strength Histogram
#property indicator_width2 2
#property indicator_color3 Lime // BULL BEAR Line
#property indicator_width3 2
#property indicator_level1 0.00
#property indicator_levelstyle1 0
#property indicator_levelcolor1 Yellow
//---- input parameters
input int MA_CASPeriodfast=5; // Candle Strenght Fast Period
nput int MA_CASPeriodslow=24; // Candle Strenght Fast Period
input double Candle_Scale_Histogram=0.9; // Calibrate Scale
input int Bull_Bear_Scale=2; // Calibrate Scale
input int Differ_Fast_Slow_Scale=2; // Calibrate Scale
//---- buffers
double MA_CASfast[];
double CAS[];
double MA_CASslow[];
double DMAfs[];
double CANDL_STR[];
double BULL_BEAR[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+-------------------------------------------------------------------+
int init()
{
//---- buffers
SetIndexBuffer(0, DMAfs);
SetIndexStyle(0,DRAW_LINE);
SetIndexLabel(0,"Diff_MAFastSlow");
SetIndexBuffer(1, CANDL_STR);
SetIndexStyle(1,DRAW_HISTOGRAM);
SetIndexLabel(1,"Candle_Strength");
SetIndexBuffer(2, BULL_BEAR);
SetIndexStyle(2,DRAW_LINE);
SetIndexLabel(2,"BULL_BEAR");
SetIndexStyle(3, DRAW_NONE);
SetIndexBuffer(3,CAS);
SetIndexLabel(3,NULL);
SetIndexStyle(4,DRAW_NONE);
SetIndexBuffer(4,MA_CASslow);
SetIndexLabel(4,NULL);
SetIndexStyle(5,DRAW_NONE);
SetIndexBuffer(5,MA_CASfast);
SetIndexLabel(5,NULL);
IndicatorShortName("CAS_V1");
IndicatorDigits(2);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator function Candle Strength and Moving Averages
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
int i,limit;
if(counted_bars==0)
limit=Bars;
if(counted_bars>0)
limit=Bars-counted_bars;
limit--;
for(i=limit; i>=0; i--)
CAS[i]=((double)Volume[i])*((3*(double)Close[i])-((double)Low[i]+(double)Open[i]+ (double)High[i]));
//----- TWO EXPON. MOVING AVERAGES ---------------------------------+
for(i = limit; i >= 0; i--)
{
MA_CASfast[i] = iMAOnArray(CAS,0,MA_CASPeriodfast,0,MODE_EMA,i);
MA_CASslow[i]= (iMAOnArray(CAS,0,MA_CASPeriodslow,0,MODE_EMA,i));
DMAfs[i]=Differ_Fast_Slow_Scale*((MA_CASfast[i])-(MA_CASslow[i]));
CANDL_STR[i]=((double)MathPow(Volume[i],Candle_Scale_Histogram))*
((3*(double)Close[i])-((double)Low[i]+(double)Open[i]+ (double)High[i])); //(**)
}
for(i = limit; i >= 0; i--)
BULL_BEAR[i]=Bull_Bear_Scale*(MA_CASfast[i]);
//+------------------------------------------------------------------+
return(0); }
//+------------------------------------------------------------------+
//NOTES:
//======
//(*)CAS=(Volume)*((3*Close)-(Low+Open+High))
//The relation of ((3*Close)-(Low+Open+High)) gives a good indication
// of the candlestick conditions. 

//(**) MathPow is a workaround to reduce the size of the CAS Histogram bars
 
AndPra:

Hi.

I am new here. Where can I post an indicator (MQL4) to discuss with others.

Thanks

AndPra

Here or in Codebase.
 

Play video		Please edit your post.
For large amounts of code, attach it.
 
AndPra:

Hi.

I am new here. Where can I post an indicator (MQL4) to discuss with others.

Thanks

AndPra

Hi,

I cannot post. I received a warning:

"Unfortunately, your message cannot be added due to any of the following reasons:
1) the entry has already existed
2) there have been limits for non-approved users
3) the message interval has not reached 30 sec."

What can I do?

Thanks

AndPra

 
AndPra: I cannot post.
Then how did you post your "I cannot post" post? Edit your post and post!
 
angevoyageur:
Here or in Codebase.


OK. I edited my above post with the code. Please have a look.

Thanks

AndPra

 
all ok thanks 
New comment