"Trade What You See" Indicator Question

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I'm using this on MT4.

I just wanted to understand what it is calculating, in order for the bar to turn blue (indicating a possible start of an uptrend).

The code is open-source as far as I know (I can post it if that is allowed).

I see there is another open trend indicator that is very similar.

Both use Kmax and SSP values.

I looked it up but don't see what these values represent.

I assume SSP has to do with the bars lookback period?

Please advise, thanks.

 

Post the source code.

Topics concerning MT4 and MQL4 have their own section.

In future please post in the correct section.

I have moved your topic to the MQL4 and Metatrader 4 section.

  
//+------------------------------------------------------------------+
//|                                           Trade What You See.mq4 |
//+------------------------------------------------------------------+

#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 DeepSkyBlue  //Red  //Aqua
#property indicator_color2 Red

extern int       SSP=7;
extern double    Kmax=50.6; //24 21.6 21.6
extern int       CountBars=300;

//---- buffers
double ExtMapBuffer1[];
double ExtMapBuffer2[];
double ExtHBuffer1[];
double ExtHBuffer2[];




//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- indicators
   IndicatorBuffers(4);
   SetIndexStyle(0,DRAW_HISTOGRAM,0,2);  //Red
   SetIndexBuffer(0,ExtHBuffer1);
   SetIndexStyle(1,DRAW_HISTOGRAM,0,2);  //Lime
   SetIndexBuffer(1,ExtHBuffer2);
   
   SetIndexBuffer(2,ExtMapBuffer1);
   SetIndexBuffer(3,ExtMapBuffer2);

   IndicatorShortName("Trade What You see ("+SSP+")");
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {

   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
 
  if (CountBars>=Bars) CountBars=Bars;
 
   SetIndexDrawBegin(0,Bars-CountBars+SSP);
   SetIndexDrawBegin(1,Bars-CountBars+SSP);
   
  int i, counted_bars=IndicatorCounted();
  double SsMax, SsMin, smin, smax;
 
  if(Bars<=SSP+1) return(0);

if(counted_bars<SSP+1)
   {
      for(i=1;i<=SSP;i++) ExtMapBuffer1[CountBars-i]=0.0;
      for(i=1;i<=SSP;i++) ExtMapBuffer2[CountBars-i]=0.0;
   }

for(i=CountBars-SSP;i>=0;i--) {


  SsMax = High[Highest(NULL,0,MODE_HIGH,SSP,i-SSP+1)];
  SsMin = Low[Lowest(NULL,0,MODE_LOW,SSP,i-SSP+1)];
 
   smax = SsMax-(SsMax-SsMin)*Kmax/100;
       
   ExtMapBuffer1[i-SSP+6]=smax;
   ExtMapBuffer2[i-SSP-1]=smax;

}
   for(int b=CountBars-SSP;b>=0;b--)
   {
      if(ExtMapBuffer1[b]>ExtMapBuffer2[b])
      {
         ExtHBuffer1[b]=1;
         ExtHBuffer2[b]=0;
      }
      else
      {
         ExtHBuffer1[b]=0;
         ExtHBuffer2[b]=1;
      }
      
   }

return(0);
}
 
ResearchTrades:

Do not double post!

I have deleted your duplicated topic!

 
ResearchTrades: I assume SSP has to do with the bars lookback period?
for(i=CountBars-SSP;i>=0;i--) {
  SsMax = High[Highest(NULL,0,MODE_HIGH,SSP,i-SSP+1)];
  SsMin = Low[Lowest(NULL,0,MODE_LOW,SSP,i-SSP+1)];

It is actually looking at the [current … SSP-1 future] bars. Usesless.

 
What about KMAX?
 
Can you please share the mq4 file of this indicator? ResearchTrades #:
Please
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