111 lines
3.7 KiB
Plaintext
111 lines
3.7 KiB
Plaintext
//+------------------------------------------------------------------+
|
|
//| BOS_CHOCH.mq5|
|
|
//| Copyright 2023, MetaQuotes Software Corp. |
|
|
//| https://www.mql5.com |
|
|
//+------------------------------------------------------------------+
|
|
#property copyright "Copyright 2023, MetaQuotes Software Corp."
|
|
#property link "https://www.mql5.com"
|
|
#property version "1.00"
|
|
#property indicator_chart_window
|
|
#property indicator_buffers 2
|
|
#property indicator_plots 2
|
|
#property indicator_color1 clrGreen
|
|
#property indicator_color2 clrRed
|
|
#property indicator_width1 2
|
|
#property indicator_width2 2
|
|
|
|
// Indicator Buffers
|
|
double BOSBuffer[];
|
|
double CHOCHBuffer[];
|
|
|
|
// Input parameters
|
|
input int lookbackPeriod = 50; // Number of candles to look back for structure analysis
|
|
|
|
//+------------------------------------------------------------------+
|
|
//| Custom indicator initialization function |
|
|
//+------------------------------------------------------------------+
|
|
int OnInit()
|
|
{
|
|
// Set up indicator buffers
|
|
SetIndexBuffer(0, BOSBuffer, INDICATOR_DATA);
|
|
SetIndexBuffer(1, CHOCHBuffer, INDICATOR_DATA);
|
|
|
|
// Set up indicator labels
|
|
IndicatorSetString(INDICATOR_SHORTNAME, "BOS & CHOCH Detector");
|
|
IndicatorSetInteger(INDICATOR_DIGITS, _Digits);
|
|
|
|
return(INIT_SUCCEEDED);
|
|
}
|
|
|
|
//+------------------------------------------------------------------+
|
|
//| Custom indicator iteration function |
|
|
//+------------------------------------------------------------------+
|
|
int OnCalculate(const int rates_total,
|
|
const int prev_calculated,
|
|
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[])
|
|
{
|
|
// Loop through all candles
|
|
for (int i = prev_calculated; i < rates_total; i++)
|
|
{
|
|
// Detect BOS (Break of Structure)
|
|
if (IsBOS(i, high, low, lookbackPeriod))
|
|
{
|
|
BOSBuffer[i] = high[i]; // Mark BOS on the chart
|
|
}
|
|
else
|
|
{
|
|
BOSBuffer[i] = EMPTY_VALUE;
|
|
}
|
|
|
|
// Detect CHOCH (Change of Character)
|
|
if (IsCHOCH(i, high, low, lookbackPeriod))
|
|
{
|
|
CHOCHBuffer[i] = low[i]; // Mark CHOCH on the chart
|
|
}
|
|
else
|
|
{
|
|
CHOCHBuffer[i] = EMPTY_VALUE;
|
|
}
|
|
}
|
|
|
|
return(rates_total);
|
|
}
|
|
|
|
//+------------------------------------------------------------------+
|
|
//| Function to detect Break of Structure (BOS) |
|
|
//+------------------------------------------------------------------+
|
|
bool IsBOS(int index, const double &high[], const double &low[], int lookback)
|
|
{
|
|
// Check if the current high is higher than the previous highs
|
|
for (int i = 1; i <= lookback; i++)
|
|
{
|
|
if (index - i >= 0 && high[index] <= high[index - i])
|
|
{
|
|
return false;
|
|
}
|
|
}
|
|
return true;
|
|
}
|
|
|
|
//+------------------------------------------------------------------+
|
|
//| Function to detect Change of Character (CHOCH) |
|
|
//+------------------------------------------------------------------+
|
|
bool IsCHOCH(int index, const double &high[], const double &low[], int lookback)
|
|
{
|
|
// Check if the current low is lower than the previous lows
|
|
for (int i = 1; i <= lookback; i++)
|
|
{
|
|
if (index - i >= 0 && low[index] >= low[index - i])
|
|
{
|
|
return false;
|
|
}
|
|
}
|
|
return true;
|
|
} |