1_FISH Indicator For MT4

1_FISH Indicator For MT4

The 1_FISH Indicator For MT4 is a very simple tool that can help you to understand the strength of the buyers and sellers. When the size of the green histogram bars rises, you can expect a strong bullish rally. On the contrary, when the histogram bar changes its color to red, you need to for the short trade setups. Use it in a higher period to improve your execution process.

FREE 1_FISH Indicator

Download the FREE 1_FISH Indicator for MT4.

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Installing the 1_FISH Indicator For MT4

After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file 1_Fish.mq4 into the folder MQL4\Indicators of your MT4 installation. After that please restart MT4 and then you will be able to see the indicator in the list of indicators.

Parameters of the 1_FISH Indicator For MT4

The 1_FISH Indicator For MT4 has 1 parameters to configure.

extern int period=10;

Buffers of the 1_FISH Indicator For MT4

The 1_FISH Indicator For MT4 provides 3 buffers.

SetIndexBuffer(0,ExtBuffer0);
SetIndexBuffer(1,ExtBuffer1);
SetIndexBuffer(2,ExtBuffer2);

Main Parts Of The Code

int start()
  {
   //int     period=10;
   int    limit;
   int    counted_bars=IndicatorCounted();
   double prev,current,old;
   double Value=0,Value1=0,Value2=0,Fish=0,Fish1=0,Fish2=0;
   double price;
   double MinL=0;
   double MaxH=0;
//----
   if(counted_bars gt 0) counted_bars--;
   limit=Bars-counted_bars;
//----
   for(int i=0; i lt limit; i++)
     {  MaxH=High[Highest(NULL,0,MODE_HIGH,period,i)];
      MinL=Low[Lowest(NULL,0,MODE_LOW,period,i)];
      price=(High[i]+Low[i])/2;
      Value=0.33*2*((price-MinL)/(MaxH-MinL)-0.5) + 0.67*Value1;
      Value=MathMin(MathMax(Value,-0.999),0.999);
      ExtBuffer0[i]=0.5*MathLog((1+Value)/(1-Value))+0.5*Fish1;
      Value1=Value;
      Fish1=ExtBuffer0[i];
     }
   bool up=true;
   for(i=limit-2; i gt =0; i--)
     {
      current=ExtBuffer0[i];
      prev=ExtBuffer0[i+1];
//----
      if (((current lt 0)&&(prev gt 0))||(current lt 0))   up= false;
      if (((current gt 0)&&(prev lt 0))||(current gt 0))   up= true;
      if(!up)
        {
         ExtBuffer2[i]=current;
         ExtBuffer1[i]=0.0;
        }
      else
        {
         ExtBuffer1[i]=current;
         ExtBuffer2[i]=0.0;
        }
     }
   return(0);
  }
//+------------------------------------------------------------------+

 

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