Ozymandias Indicator For MT5
Table Of Contents:
- Ozymandias Indicator For MT5
- Installing the Ozymandias Indicator For MT5
- Parameters of the Ozymandias Indicator For MT5
- Buffers of the Ozymandias Indicator For MT5
- Main Parts Of The Code
The Ozymandias Indicator For MT5 is an excellent technical trading tool to have as a chartist because this indicator works exceptionally well when it comes to filtering out false price fluctuation which occur quite often in the market - the price action is channeled into a three layered band with the middle being a bi-color line which is used to indicate the market direction and bias so for bullish sectors in the market this line will be colored in blue and when the market is trading in a bearish sector then this line will be colored in red. The other two bands of the indicator there to act as upper and lower limits - the upper band is treated as an overbought region whereas the lower band is treated as an oversold margin or guideline - however these oversold and overbought regions have to be validated because there are far too many occurrences when the price action approaches these zones therefore what the trader may resort to doing is to upload another oscillator indicator which operates in a separate window from the indicator. It should be noted that this indicator is mainly intended to be used for determining the appropriate moment for closing and opening trades - the color changes are not intended for reversal-signal use.
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
Installing the Ozymandias 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 ozymandias.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 Ozymandias Indicator For MT5
The Ozymandias Indicator For MT5 has 3 parameters to configure.
input uint Length=2; input ENUM_MA_METHOD MAType=MODE_SMA; input int Shift=0; // Ñäâèã èíäèêàòîðà ïî ãîðèçîíòàëè â áàðàõ Buffers of the Ozymandias Indicator For MT5
The Ozymandias Indicator For MT5 provides 4 buffers.
SetIndexBuffer(0,IndBuffer,INDICATOR_DATA); SetIndexBuffer(1,ColorIndBuffer,INDICATOR_COLOR_INDEX); SetIndexBuffer(2,UpBuffer,INDICATOR_DATA); SetIndexBuffer(3,DnBuffer,INDICATOR_DATA); Main Parts Of The Code
int OnCalculate(const int rates_total, // êîëè÷åñòâî èñòîðèè â áàðàõ íà òåêóùåì òèêå const int prev_calculated,// êîëè÷åñòâî èñòîðèè â áàðàõ íà ïðåäûäóùåì òèêå const datetime &time[], const double &open[], const double &high[], const double &low[], const double &close[], const long &tick_volume[], const long &volume[], const int &spread[]) { //--- ïðîâåðêà êîëè÷åñòâà áàðîâ íà äîñòàòî÷íîñòü äëÿ ðàñ÷¸òà if(BarsCalculated(ATR_Handle) lt rates_total || BarsCalculated(HMA_Handle) lt rates_total || BarsCalculated(LMA_Handle) lt rates_total || rates_total lt min_rates_total) return(RESET); //--- îáúÿâëåíèå ïåðåìåííûõ int to_copy,limit,trend0,nexttrend0; double hh,ll,maxl0,minh0,lma,hma,atr,ATR[],HMA[],LMA[]; static int trend1,nexttrend1; static double maxl1,minh1; //--- ðàñ÷¸ò ñòàðòîâîãî íîìåðà limit äëÿ öèêëà ïåðåñ÷¸òà áàðîâ if(prev_calculated gt rates_total || prev_calculated lt =0)// ïðîâåðêà íà ïåðâûé ñòàðò ðàñ÷¸òà èíäèêàòîðà { limit=rates_total-min_rates_total-1; // ñòàðòîâûé íîìåð äëÿ ðàñ÷¸òà âñåõ áàðîâ trend1=0; nexttrend1=0; maxl1=0; minh1=9999999; } else limit=rates_total-prev_calculated; // ñòàðòîâûé íîìåð äëÿ ðàñ÷¸òà òîëüêî íîâûõ áàðîâ to_copy=limit+1; //--- êîïèðóåì âíîâü ïîÿâèâøèåñÿ äàííûå â ìàññèâû if(CopyBuffer(ATR_Handle,0,0,to_copy,ATR) lt =0) return(RESET); if(CopyBuffer(HMA_Handle,0,0,to_copy,HMA) lt =0) return(RESET); if(CopyBuffer(LMA_Handle,0,0,to_copy,LMA) lt =0) return(RESET); //--- èíäåêñàöèÿ ýëåìåíòîâ â ìàññèâàõ êàê â òàéìñåðèÿõ ArraySetAsSeries(close,true); ArraySetAsSeries(high,true); ArraySetAsSeries(low,true); ArraySetAsSeries(ATR,true); ArraySetAsSeries(HMA,true); ArraySetAsSeries(LMA,true); //--- nexttrend0=nexttrend1; maxl0=maxl1; minh0=minh1; //--- îñíîâíîé öèêë ðàñ÷¸òà èíäèêàòîðà for(int bar=limit; bar gt =0 && !IsStopped(); bar--) { hh=high[ArrayMaximum(high,bar,Length)]; ll=low[ArrayMinimum(low,bar,Length)]; lma=LMA[bar]; hma=HMA[bar]; atr=ATR[bar]/2; trend0=trend1; //--- if(nexttrend0==1) { maxl0=MathMax(ll,maxl0); if(hma lt maxl0 && close[bar] lt low[bar+1]) { trend0=1; nexttrend0=0; minh0=hh; } } //--- if(nexttrend0==0) { minh0=MathMin(hh,minh0); if(lma gt minh0 && close[bar] gt high[bar+1]) { trend0=0; nexttrend0=1; maxl0=ll; } } //--- if(trend0==0) { if(trend1!=0.0) { IndBuffer[bar]=IndBuffer[bar+1]; ColorIndBuffer[bar]=1; } else { IndBuffer[bar]=MathMax(maxl0,IndBuffer[bar+1]); ColorIndBuffer[bar]=1; } UpBuffer[bar]=IndBuffer[bar]+atr; DnBuffer[bar]=IndBuffer[bar]-atr; } else { if(trend1!=1) { IndBuffer[bar]=IndBuffer[bar+1]; ColorIndBuffer[bar]=0; } else { IndBuffer[bar]=MathMin(minh0,IndBuffer[bar+1]); ColorIndBuffer[bar]=0; } UpBuffer[bar]=IndBuffer[bar]+atr; DnBuffer[bar]=IndBuffer[bar]-atr; } //--- if(bar) { nexttrend1=nexttrend0; trend1=trend0; maxl1=maxl0; minh1=minh0; } } //--- return(rates_total); } //+------------------------------------------------------------------+
