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Fibocalc-V3 mq4

The document is a source code for a custom indicator in MetaTrader that identifies trading signals based on the previous day's high, low, open, and close prices. It calculates buy and sell entry levels, stop loss levels, and profit target levels and prints commentary on potential trades with risk/reward ratios. The indicator initializes buffers to store the previous day's price data and draws horizontal line objects on the chart for the entry, stop loss, and profit target levels.

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ds6yvy59p7
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100 views7 pages

Fibocalc-V3 mq4

The document is a source code for a custom indicator in MetaTrader that identifies trading signals based on the previous day's high, low, open, and close prices. It calculates buy and sell entry levels, stop loss levels, and profit target levels and prints commentary on potential trades with risk/reward ratios. The indicator initializes buffers to store the previous day's price data and draws horizontal line objects on the chart for the entry, stop loss, and profit target levels.

Uploaded by

ds6yvy59p7
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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/*+------------------------------------------------------------------+

| fibo
| Author: Copyright � 2006,
|
|
+------------------------------------------------------------------+*/
#property copyright "Copyright � 2006,"
#property link "http://www.metaquotes.net"

#property indicator_chart_window
#property indicator_buffers 4

#property indicator_color1 DarkGreen


#property indicator_color2 Maroon
#property indicator_color3 Yellow
#property indicator_color4 Goldenrod

//---- input parameters

//---- buffers

double PrevDayHiBuffer[];
double PrevDayLoBuffer[];
double PrevDayOpenBuffer[];
double PrevDayCloseBuffer[];

int fontsize=8;
double PrevDayHi, PrevDayLo, PrevDayOpen , PrevDayClose,fb,fs,fe,tp1,tp2,tp3;
double LastHigh,LastLow,LastOpen,LastClose,x;
double ri,re1,re2,re3,ra1,ra2,ra3;

//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: add your code here

ObjectDelete("PrevDayHi");
ObjectDelete("PrevDayLo");
ObjectDelete("PrevDayOpen");
ObjectDelete("PrevDayClose");
ObjectDelete("fe");ObjectDelete("fe Line");
ObjectDelete("fs");ObjectDelete("fs Line");
ObjectDelete("tp3");ObjectDelete("tp3 Line");
ObjectDelete("tp2");ObjectDelete("tp2 Line");
ObjectDelete("tp1");ObjectDelete("tp1 Line");
ObjectDelete("fb");ObjectDelete("fb Line");
// ObjectsDeleteAll();
// Not a good idea to use ObjectDeleteAll function.
// It will delete ALL object on the chart
// not just the ones created by this indicator
//
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+

int init()
{
string short_name;

//---- indicator line


SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_LINE);
SetIndexStyle(2,DRAW_LINE);
SetIndexStyle(3,DRAW_LINE);

SetIndexBuffer(0, PrevDayHiBuffer);
SetIndexBuffer(1, PrevDayLoBuffer);
SetIndexBuffer(2, PrevDayOpenBuffer);
SetIndexBuffer(3, PrevDayCloseBuffer);

//---- name for DataWindow and indicator subwindow label


short_name="Prev Hi-Lo levels";
IndicatorShortName(short_name);
SetIndexLabel(0, short_name);

//----
SetIndexDrawBegin(0,1);
//----

//----
return(0);
}

//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start() {

int counted_bars=IndicatorCounted();

int limit, i;
//---- indicator calculation
if (counted_bars==0)
{
x=Period();
if (x>240) return(-1);

//---- last counted bar will be recounted


// if(counted_bars>0) counted_bars--;
}
limit=(Bars-counted_bars)-1;

for (i=limit; i>=0;i--)


{

LastHigh=High[Highest(NULL,0,MODE_HIGH,i+1)];
LastLow=Low[Lowest(NULL,0,MODE_LOW,i+1)];
if (Open[i+1]>LastOpen) LastOpen=Open[i+1];

//
Print("TimeDay(Time[i]=",TimeDay(Time[i]),"TimeDay(Time[i+1])",TimeDay(Time[i+1]));
if (TimeDay(Time[i])!=TimeDay(Time[i+1]))
{
RefreshRates( ) ;

PrevDayHi=LastHigh;
PrevDayLo=LastLow;
PrevDayOpen=LastClose;
PrevDayClose=Open[i];
LastLow=Open[i];
LastHigh=Open[i];
LastOpen=Open[i];
LastClose=Open[i];

if(ObjectFind("PrevDayHi") != 0)
{
ObjectCreate("PrevDayHi", OBJ_TEXT, 0, 0, 0);
ObjectSetText("PrevDayHi", " Day High",fontsize,"Arial",
White);
}
else
{
ObjectMove("PrevDayHi", 0, Time[i], PrevDayHi);
}

if(ObjectFind("PrevDayLo") != 0)
{
ObjectCreate("PrevDayLo", OBJ_TEXT, 0, 0, 0);
ObjectSetText("PrevDayLo", " Day Low",fontsize,"Arial",
White);
}
else
{
ObjectMove("PrevDayLo", 0, Time[i], PrevDayLo);
}

if(ObjectFind("PrevDayOpen") != 0)
{
ObjectCreate("PrevDayOpen", OBJ_TEXT, 0, 0, 0);
ObjectSetText("PrevDayOpen", " Prev. Day
Open",fontsize,"Arial", White);
}
else
{
ObjectMove("PrevDayOpen", 0, Time[i], PrevDayOpen);
}
if(ObjectFind("PrevDayClose") != 0)
{
ObjectCreate("PrevDayClose", OBJ_TEXT, 0, 0, 0);
ObjectSetText("PrevDayClose", " Prev. Day
Close",fontsize,"Arial", White);
}
else
{
ObjectMove("PrevDayClose", 0, Time[i], PrevDayClose);
}

PrevDayHiBuffer[i]=PrevDayHi;
PrevDayLoBuffer[i]=PrevDayLo;
PrevDayOpenBuffer[i]=PrevDayOpen;
PrevDayCloseBuffer[i]=PrevDayClose;

// BUY
if (Ask > LastClose) {
fb= PrevDayHi-(PrevDayHi-PrevDayLo)*0.382;
fe= PrevDayHi-(PrevDayHi-PrevDayLo)*0.618;
tp1=((PrevDayHi-PrevDayLo)*0.618)+fb;
tp2=(PrevDayHi-PrevDayLo)+fb;
tp3=1.618*(PrevDayHi-PrevDayLo)+fb;
ri=MathRound((+fb-fe)*10000)/10000;
re1=MathRound((+tp1-fb)*10000)/10000;
re2=MathRound((+tp2-fb)*10000)/10000;
re3=MathRound((+tp3-fb)*10000)/10000;
ra1=MathRound((+re1/ri)*10)/10;
ra2=MathRound((+re2/ri)*10)/10;
ra3=MathRound((+re3/ri)*10)/10;
RefreshRates( ) ;
if(ObjectFind("fb") != 0)
{
ObjectCreate("fb", OBJ_TEXT, 0, Time[0], fb);
ObjectSetText("fb", " BUY LEVEL", 8, "Arial", EMPTY);
}
else
{
ObjectMove("fb",fb, Time[0], fb);
}
if(ObjectFind("fb Line") != 0)
{
ObjectCreate("fb Line", OBJ_HLINE, 0, Time[0],fb);
ObjectSet("fb Line", OBJPROP_STYLE, STYLE_DASHDOT);
ObjectSet("fb Line", OBJPROP_COLOR, Blue);
}
else
{
ObjectMove("fb Line",0, Time[0], fb);
}

if((ra1>2)&&(ra2>2)&&(ra3>2))
Comment("Owner : ", AccountName()," Account number : ", AccountNumber(),
"\n\nPrevDayHi ",PrevDayHi,"\nPrevDayLo ", PrevDayLo,"\nTrend was UP ",
"\nBUY @ ",fb ,"\nStopLoss ",fe,"\nTakeProit 1 ",tp1 ,
" Risk/Reward Ratio : ", ra1 ," OK Trade ","\nTakeProit 2 ",tp2 ,
" Risk/Reward Ratio : ", ra2 ," OK Trade ","\nTakeProit 3 ",tp3,
" Risk/Reward Ratio : ", ra3 ," OK Trade ");
else
Comment("Owner : ", AccountName()," Account number : ", AccountNumber(),
"\n\nPrevDayHi ",PrevDayHi,"\nPrevDayLo ", PrevDayLo,"\nTrend was UP ",
"\nBUY @ ",fb ,"\nStopLoss ",fe,"\nTakeProit 1 ",tp1 ,
" Risk/Reward Ratio : ", ra1 ," NO TRADE ","\nTakeProit 2 ",tp2 ,
" Risk/Reward Ratio : ", ra2 ," NO TRADE ","\nTakeProit 3 ",tp3,
" Risk/Reward Ratio : ", ra3 ," NO TRADE ");

// SELL
if (Bid < LastClose) {
fs=(PrevDayHi-PrevDayLo)*0.382+(PrevDayLo);
fe=(PrevDayHi-PrevDayLo)*0.618+(PrevDayLo);
tp1=((PrevDayLo-PrevDayHi)*0.618)+fs;
tp2=(PrevDayLo-PrevDayHi)+fs;
tp3=1.618*(PrevDayLo-PrevDayHi)+fs;
ri=MathRound((+fs-fe)*10000)/10000;
re1=MathRound((+tp1-fs)*10000)/10000;
re2=MathRound((+tp2-fs)*10000)/10000;
re3=MathRound((+tp3-fs)*10000)/10000;
ra1=MathRound((+re1/ri)*10)/10;
ra2=MathRound((+re2/ri)*10)/10;
ra3=((+re3/ri)*10)/10;
RefreshRates( ) ;
if(ObjectFind("fs") != 0)
{
ObjectCreate("fs", OBJ_TEXT, 0, Time[0], fs);
ObjectSetText("fs", " SELL LEVEL", 8, "Arial", EMPTY);
}
else
{
ObjectMove("fs",fs, Time[0], fs);
}
if(ObjectFind("fs Line") != 0)
{
ObjectCreate("fs Line", OBJ_HLINE, 0, Time[0],fs);
ObjectSet("fs Line", OBJPROP_STYLE, STYLE_DASHDOT);
ObjectSet("fs Line", OBJPROP_COLOR, Red);
}
else
{
ObjectMove("fs Line",0, Time[0], fs);
}

if((ra1>2)&&(ra2>2)&&(ra3>2))
Comment("Owner : ", AccountName(),"Account number : ", AccountNumber(),
"\n\nPrevDayHi ",PrevDayHi,"\nPrevDayLo ", PrevDayLo,"\nTrend was Down ",
"\nSELL @ ",fs ,"\nStopLoss ",fe,"\nTakeProit 1 ",tp1 ,
" Risk/Reward Ratio : ", ra1 ," OK Trade ","\nTakeProit 2 ",tp2 ,
" Risk/Reward Ratio : ", ra2 ," OK Trade ","\nTakeProit 3 ",tp3,
" Risk/Reward Ratio : ", ra3 ," OK Trade ");
else
Comment("Owner : ", AccountName(),"Account number : ", AccountNumber(),
"\n\nPrevDayHi ",PrevDayHi,"\nPrevDayLo ", PrevDayLo,"\nTrend was Down ",
"\nSELL @ ",fs ,"\nStopLoss ",fe,"\nTakeProit 1 ",tp1 ,
" Risk/Reward Ratio : ", ra1 ," NO TRADE ","\nTakeProit 2 ",tp2 ,
" Risk/Reward Ratio : ", ra2 ," NO TRADE ","\nTakeProit 3 ",tp3,
" Risk/Reward Ratio : ", ra3 ," NO TRADE ");

}
if(ObjectFind("fe") != 0)
{
ObjectCreate("fe", OBJ_TEXT, 0, Time[0], fe);
ObjectSetText("fe", " STOPLOSS LEVEL", 8, "Arial", EMPTY);
}
else
{
ObjectMove("fe",fe, Time[0], fe);
}
if(ObjectFind("fe Line") != 0)
{
ObjectCreate("fe Line", OBJ_HLINE, 0, Time[0],fe);
ObjectSet("fe Line", OBJPROP_STYLE, STYLE_DASHDOT);
ObjectSet("fe Line", OBJPROP_COLOR,OrangeRed );
}
else
{
ObjectMove("fe Line",0, Time[0], fe);
}

if(ObjectFind("tp1") != 0)
{
ObjectCreate("tp1", OBJ_TEXT, 0, Time[0], tp1);
ObjectSetText("tp1", " PROFIT TARGET 1", 8, "Arial", EMPTY);
}
else
{
ObjectMove("tp1",tp1, Time[0],tp1 );
}

if(ObjectFind("tp1 Line") != 0)
{
ObjectCreate("tp1 Line", OBJ_HLINE, 0, Time[0],tp1);
ObjectSet("tp1 Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("tp1 Line", OBJPROP_COLOR,SpringGreen );
}
else
{
ObjectMove("tp1 Line",0, Time[0],tp1 );
}

if(ObjectFind("tp2") != 0)
{
ObjectCreate("tp2", OBJ_TEXT, 0, Time[0], tp2);
ObjectSetText("tp2", " PROFIT TARGET 2", 8, "Arial", EMPTY);
}
else
{
ObjectMove("tp2",tp2, Time[0],tp2);
}
if(ObjectFind("tp2 Line") != 0)
{
ObjectCreate("tp2 Line", OBJ_HLINE, 0, Time[0],tp2);
ObjectSet("tp2 Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("tp2 Line", OBJPROP_COLOR,SpringGreen );
}
else
{
ObjectMove("tp2 Line",0, Time[0],tp2);
}

if(ObjectFind("tp3") != 0)
{
ObjectCreate("tp3", OBJ_TEXT, 0, Time[0], tp3);
ObjectSetText("tp3", " PROFIT TARGET 3", 8, "Arial", EMPTY);
}
else
{
ObjectMove("tp3",tp3, Time[0],tp3);
}
if(ObjectFind("tp3 Line") != 0)
{
ObjectCreate("tp3 Line", OBJ_HLINE, 0, Time[0],tp3);
ObjectSet("tp3 Line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("tp3 Line", OBJPROP_COLOR,SpringGreen );
}
else
{
ObjectMove("tp3 Line",0, Time[0],tp3);
}

//----
return(0);
}
//+------------------------------------------------------------------+

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