Absolute Strength_v1 Indicator For MT4

Absolute Strength_v1 Indicator For MT4

The Absolute Strength_v1 Indicator For MT4 is mostly used by the pro trader who wants to trade with the major trend. Red consecutive bars in the histogram show the sellers are in control and the blue elongated bars show the buyers are in control. Based on the condition of the market you need to look for potential trade setups.

FREE Absolute Strength_v1 Indicator

Download the FREE Absolute Strength_v1 Indicator for MT4.

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Installing the Absolute Strength_v1 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 AbsoluteStrenghtHisto_v1.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 Absolute Strength_v1 Indicator For MT4

The Absolute Strength_v1 Indicator For MT4 has 7 parameters to configure.

extern int       Mode =0;   // 0-RSI method; 1-Stoch method
extern int       Length= 9; // Period
extern int       Smooth= 1; // Period of smoothing
extern int       Signal= 4; // Period of Signal Line
extern int       Price=0;   // Price mode : 0-Close,1-Open,2-High,3-Low,4-Median,5-Typical,6-Weighted
extern int       ModeMA= 3; // Mode of Moving Average
extern int       Mode_Histo =3;

Buffers of the Absolute Strength_v1 Indicator For MT4

The Absolute Strength_v1 Indicator For MT4 provides 8 buffers.

SetIndexBuffer(0,SmthBulls);
SetIndexBuffer(1,SmthBears);
SetIndexBuffer(2,SigBulls);
SetIndexBuffer(3,SigBears);
SetIndexBuffer(4,Bulls);
SetIndexBuffer(5,Bears);
SetIndexBuffer(6,AvgBulls);
SetIndexBuffer(7,AvgBears);

Main Parts Of The Code

int start()
  {
   int      shift, limit, counted_bars=IndicatorCounted();
   double   Price1, Price2, smax, smin;
//---- 
   if(counted_bars  lt  0)return(-1);
   if(counted_bars ==0)limit=Bars-Length+Smooth+Signal-1;
   if(counted_bars  lt  1)
      for(int i=1;i lt Length+Smooth+Signal;i++)
        {
         Bulls[Bars-i]=0;
         Bears[Bars-i]=0;
         AvgBulls[Bars-i]=0;
         AvgBears[Bars-i]=0;
         SmthBulls[Bars-i]=0;
         SmthBears[Bars-i]=0;
         SigBulls[Bars-i]=0;
         SigBears[Bars-i]=0;
        }
   if(counted_bars gt 0) limit=Bars-counted_bars;
   limit--;
//----
   for( shift=limit; shift gt =0; shift--)
     {
      Price1=iMA(NULL,0,1,0,0,Price,shift);
      Price2=iMA(NULL,0,1,0,0,Price,shift+1);
//----
      if (Mode==0)
        {
         Bulls[shift]=0.5*(MathAbs(Price1-Price2)+(Price1-Price2));
         Bears[shift]=0.5*(MathAbs(Price1-Price2)-(Price1-Price2));
        }
      if (Mode==1)
        {
         smax=High[Highest(NULL,0,MODE_HIGH,Length,shift)];
         smin=Low[Lowest(NULL,0,MODE_LOW,Length,shift)];
         Bulls[shift]=Price1 - smin;
         Bears[shift]=smax - Price1;
        }
     }
   for( shift=limit; shift gt =0; shift--)
     {
      AvgBulls[shift]=iMAOnArray(Bulls,0,Length,0,ModeMA,shift);
      AvgBears[shift]=iMAOnArray(Bears,0,Length,0,ModeMA,shift);
     }
   for( shift=limit; shift gt =0; shift--)
     {
      SmthBulls[shift]=iMAOnArray(AvgBulls,0,Smooth,0,ModeMA,shift);
      SmthBears[shift]=iMAOnArray(AvgBears,0,Smooth,0,ModeMA,shift);
     }
   if(Mode_Histo==1)
     {
      for( shift=limit; shift gt =0; shift--)
        {
         if(SmthBulls[shift]-SmthBears[shift] gt 0)
           {
            SetIndexStyle(0,DRAW_HISTOGRAM,EMPTY,5);
            SetIndexStyle(1,DRAW_LINE,EMPTY,2);
            SmthBears[shift]= SmthBears[shift]/Point;
            SmthBulls[shift]= SmthBulls[shift]/Point;
           }
         else
           {
            SetIndexStyle(1,DRAW_HISTOGRAM,EMPTY,5);
            SetIndexStyle(0,DRAW_LINE,EMPTY,2);
            SmthBears[shift]= SmthBears[shift]/Point;
            SmthBulls[shift]= SmthBulls[shift]/Point;
           }
        }  //end for( shift=limit; shift gt =0; shift--)
     }     // end if(Mode_Histo == 1)
   else
      if(Mode_Histo==2)
        {
         for( shift=limit; shift gt =0; shift--)
           {
            if(SmthBulls[shift]-SmthBears[shift] gt 0)
              {
               SmthBears[shift]=-SmthBears[shift]/Point;
               SmthBulls[shift]= SmthBulls[shift]/Point;
              }
            else
              {
               SmthBulls[shift]=-SmthBulls[shift]/Point;
               SmthBears[shift]= SmthBears[shift]/Point;
              }
           }  //end for( shift=limit; shift gt =0; shift--)      
        }     //end if(Mode_Histo == 2)
      else
         if(Mode_Histo==3)
           {
            for( shift=limit; shift gt =0; shift--)
              {
               SigBulls[shift]=  SmthBulls[shift];
               SigBears[shift]=  SmthBears[shift];
               if(SmthBulls[shift]-SmthBears[shift] gt 0)
                  SmthBears[shift]=0;
               else
                  SmthBulls[shift]=0;
              }  //end for( shift=limit; shift gt =0; shift--)      
           }     //end if(Mode_Histo == 3)
         else
            if(Mode_Histo==4)
              {
               for( shift=limit; shift gt =0; shift--)
                 {
                  if(SmthBulls[shift]-SmthBears[shift] gt 0)
                    {
                     SigBears[shift]=  SmthBears[shift];
                     SmthBears[shift]=0;
                    }
                  else
                    {
                     SigBulls[shift]=  SmthBulls[shift];
                     SmthBulls[shift]=0;
                    }
                 }  //end for( shift=limit; shift gt =0; shift--)      
              }     //end if(Mode_Histo == 4)
//----
   return(0);
  }
//+------------------------------------------------------------------+

 

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