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Drive

by Dr.Hamdi Boukamcha
Name:
Drive
Author: systrad5 (2006.09.08 14:46)
Rating: 11
Downloaded: 9216
Download:
Drive   _Drive.mq4 (2.3 Kb) View
Green above Red -> Up.

Red above Green -> Down.

Periods that seem useful are 4, 16, 128.

Value is calculated as follows:

Up (Green) = ((High – Open) + (Close – Low))/2, averaged for the selected period;

Down (Red) = ((Open – Low) + (High – Close))/2, averaged for the selected period.

Drive

This may have another name or be similar to an existing indicator. I’ve made up the name drive. Please drop me an email if you’ve run into a similar indicator before – [email protected]

2 comments  To post a new comment, please log in or register

I like it. On EURUSD 1H, it’s giving better exit signals than my current indicators.
16.07.2011 08:30 maj1es2tic

#property indicator_separate_window #property indicator_buffers 2 #property indicator_color1 Green #property indicator_color2 Red //—- input parameters extern int Depth = 16; //—- buffers double UpBuffer[]; double DownBuffer[]; //+——————————————————————+ //| | //+——————————————————————+ int init() { //—- additional buffers SetIndexStyle(0, DRAW_LINE); SetIndexBuffer(0, UpBuffer); SetIndexStyle(1, DRAW_LINE); SetIndexBuffer(1, DownBuffer); //—- name for DataWindow and indicator subwindow label string short_name = “Drive(” + Depth + “)”; IndicatorShortName(short_name); SetIndexLabel(0, “DriveUp”); SetIndexLabel(1, “DriveDn”); //—- return(0); } //+——————————————————————+ //| | //+——————————————————————+ int start() { int i, j; double UpCnt, DnCnt; if(Bars <= Depth + 10) return(0); //—- last counted bar will be recounted int counted_bars = IndicatorCounted(); int limit = Bars – counted_bars; if(counted_bars > 0) limit++; //—- Load prices into CBuffer[0] for(i = 0; i < limit; i++) { UpCnt = 0; DnCnt = 0; for(j = 0; j < Depth; j++) { UpCnt = UpCnt + (High[i+j] – Open[i+j]) + (ClDrive  ose[i+j] – Low[i+j]); DnCnt = DnCnt + (Open[i+j] – Low[i+j]) + (High[i+j] – Close[i+j]); } UpBuffer[i] = (UpCnt / (2 * Depth)) / Point; DownBuffer[i] = (DnCnt / (2 * Depth)) / Point; } return(0); } //+——————————————————————+

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