Demand Index Indicator For MT5
Table Of Contents:
- Demand Index Indicator For MT5
- Installing the Demand Index Indicator For MT5
- Parameters of the Demand Index Indicator For MT5
- Buffers of the Demand Index Indicator For MT5
- Main Parts Of The Code
The Demand Index Indicator For MT5 calculates the values based on the price action and the volume. You can choose between 10 smoothing algorithms.
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
Installing the Demand Index Indicator For MT5
After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file demand_index.mq5 into the folder MQL5\Indicators of your MT5 installation. After that please restart MT5 and then you will be able to see the indicator in the list of indicators.
Parameters of the Demand Index Indicator For MT5
The Demand Index Indicator For MT5 has 6 parameters to configure.
input Smooth_Method MA_SMethod=MODE_SMA; // Smoothing method input int SmLength=12; // Smoothing depth input int SmPhase=15; // Smoothing parameter input Applied_price_ IPC=PRICE_QUARTER_; // Price constant input ENUM_APPLIED_VOLUME VolumeType=VOLUME_TICK; // Volume input int Shift=0; // Horizontal shift of the indicator in bars Buffers of the Demand Index Indicator For MT5
The Demand Index Indicator For MT5 provides 1 buffers.
SetIndexBuffer(0,DIBuffer,INDICATOR_DATA); Main Parts Of The Code
int OnCalculate(const int rates_total, // number of bars in history at the current tick const int prev_calculated,// number of bars calculated at previous call const datetime &time[], const double &open[], const double& high[], // price array of maximums of price for the indicator calculation const double& low[], // price array of minimums of price for the indicator calculation const double &close[], const long &tick_volume[], const long &volume[], const int &spread[]) { //---- checking the number of bars to be enough for the calculation if(rates_total lt StartBars) return(0); //---- declarations of local variables int first,bar,Sign; double AvgTR,Avg,VolAvg,price0,price1,WtCRatio=0.0,VolRatio; double Constant,DMI,TempDI,BuyPres,SellPres,BuyP,SellP; long Volume; static double VolAvg_,BuyPres_,SellPres_; //---- calculation of the first starting index for the bars recalculation loop if(prev_calculated gt rates_total || prev_calculated lt =0) // checking for the first start of the indicator calculation { first=1; // starting index for calculation of all bars BuyPres_=1; SellPres_=1; if(VolumeType==VOLUME_TICK) VolAvg_=double(tick_volume[0]); else VolAvg_=double(volume[0]); } else first=prev_calculated-1; // starting index for calculation of new bars //---- restore values of the variables VolAvg=VolAvg_; BuyPres=BuyPres_; SellPres=SellPres_; //---- main indicator calculation loop for(bar=first; bar lt rates_total; bar++) { //---- store values of the variables before running at the current bar if(rates_total!=prev_calculated && bar==0) { VolAvg_=VolAvg; BuyPres_=BuyPres; SellPres_=SellPres; } //---- call of the PriceSeries function to get the input price price_ price0=PriceSeries(IPC,bar, open,low,high,close); price1=PriceSeries(IPC,bar-1,open,low,high,close); if(VolumeType==VOLUME_TICK) Volume=long(tick_volume[bar]); else Volume=long(volume[bar]); Avg=MathMax(high[bar],high[bar-1])-MathMin(low[bar],low[bar-1]); AvgTR=XMA1.XMASeries(1,prev_calculated,rates_total,MA_SMethod,SmPhase,SmLength,Avg,bar,false); VolAvg=((VolAvg *(SmLength-1))+Volume)/SmLength; if(price0!=0 && price1!=0 && AvgTR!=0 && VolAvg!=0) WtCRatio=(price0-price1)/MathMin(price0,price1); if(VolAvg!=0)VolRatio=Volume/VolAvg; else VolRatio=1; Constant=((price0*3)/AvgTR)*MathAbs(WtCRatio); if(Constant gt 88) Constant=88; Constant=VolRatio/MathExp(Constant); if(WtCRatio gt 0) { BuyP=VolRatio; SellP=Constant; } else { BuyP=Constant; SellP=VolRatio; } BuyPres =((BuyPres *(SmLength-1))+BuyP )/SmLength; SellPres=((SellPres*(SmLength-1))+SellP)/SmLength; TempDI=+1; if(SellPres gt BuyPres) { Sign=-1; if(SellPres!=0) TempDI=BuyPres/SellPres; } else { Sign=+1; if(BuyPres!=0) TempDI=SellPres/BuyPres; } TempDI*=Sign; if(TempDI lt 0) DMI= -1-TempDI; else DMI =+1-TempDI; DIBuffer[bar]=DMI*100.0; } //---- return(rates_total); } //+------------------------------------------------------------------+
