Indicator uses MacD, RSI, ATR, STd to calculate trend.
Type indicator: this indicator is used to check the trend
Question:
1. Does anyone know what the colours means in this indicator? It looks like a yellow bar means that the market is ranging, and when you see a green bar, then the market is trending.
2. Is it a re-painting indicator?
Code:
Type indicator: this indicator is used to check the trend
Question:
1. Does anyone know what the colours means in this indicator? It looks like a yellow bar means that the market is ranging, and when you see a green bar, then the market is trending.
2. Is it a re-painting indicator?
Code:
Inserted Code
#property copyright "Copyright © 2008, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net"
extern int period=20;
extern double level=50;
//extern int ema1=34;
//extern int ema2=89;
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 Green
#property indicator_color2 Red
#property indicator_color3 Yellow
#property indicator_maximum 3
bool uptrend=false;
bool downtrend=false;
double fast[],medium[],slow[],atr[],std[],rsistd[],rsiatr[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
IndicatorBuffers(7);
//---- drawing settings
SetIndexBuffer(0,fast);//bbMacd line
SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID,3);
SetIndexBuffer(1,medium);//Upperband line
SetIndexStyle(1,DRAW_HISTOGRAM,STYLE_SOLID,3);
SetIndexDrawBegin(0,period);
SetIndexDrawBegin(1,period);
SetIndexBuffer(2,slow);//overbough
SetIndexStyle(2,DRAW_HISTOGRAM,STYLE_SOLID,3);
SetIndexDrawBegin(2,period);
SetIndexBuffer(3,atr);//overbough
SetIndexBuffer(4,std);//overbough
SetIndexBuffer(5,rsistd);//overbough
SetIndexBuffer(6,rsiatr);//overbough
IndicatorShortName("CK Speed "+ period);
SetIndexLabel(0,"Trend");
SetIndexLabel(1,"Correction");
SetIndexLabel(2,"Sleep");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
//----
double prev,current,tmp;
int limit;
int counted_bars=IndicatorCounted();
//---- check for possible errors
if(counted_bars<0) return(-1);
//---- last counted bar will be recounted
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
//uptrend=true;
//owntrend=true;
double filterbuy=60;
double filtersell=40;
//----
for(int k=limit-1;k>=0;k--){
atr[k]=iATR(Symbol(),0,period,k);
std[k]=iStdDev(Symbol(),0,period,0,0,PRICE_MEDIAN,k);
}
//for(int t=limit-period;t>=0;t--){
//}
for(int i=limit-1; i>=0; i--)
{
rsistd[i]=iRSIOnArray(std,0,period,i);
rsiatr[i]=iRSIOnArray(atr,0,period,i);
if(rsistd[i]>=level&&rsiatr[i]>=level){
fast[i]=3;
medium[i]=0;
slow[i]=0;
}else if(rsistd[i]<level&&rsiatr[i]<level){
fast[i]=0;
medium[i]=0;
slow[i]=1;
} else{
fast[i]=0;
medium[i]=2;
slow[i]=0;
}
}
return(0);
}
//+------------------------------------------------------------------+ Attached Image (click to enlarge)
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