MJ Indicators Help Info

opMACDColor_MTF_0.00.mq4 File Reference


Detailed Description

Author:
Copyright (c) 2011, MJ
Version:
0.00

$$$ NOTE $$$: If you post the indicator somewhere or mail it to a friend: please include also the info file so that they may benefit from it too. THANKS


opMACDColor_MTF_main.gif


SHORT DESCRIPTION: ALopBarTouchMaZone (ALERT Chart Bar touches the MA Zone (Zone between (incl MA themself) two MA's)

Is a MTF indicator based on bar open price. Only the live (wiggling) part is using the last tick price(closing price).



COMPARE TO OTHER INDICATORS: it can not so easily be compared with any other standard indicators as it is a MTF version.
Best way to compare it is to use the opMACD() (which is the Chart Interval version by me) on a chart with the period set to the same as one uses for iMTFResourceInterval.



OTHER INPUT VARIABLES

Other Input Parameters which are specific to this Indicators etc....



_____________1_____________ = "<<< MACD SETTINGS >>>"



*iMTFResourceInterval: is the original MTF Time Frame Interval (Period 5=M5, 15=M15, 30=M30, 60=H1, 240=H4, 1440=D1, 10080=W1, 43200=MN1). IMPORTANT: it must be greater than the chart period. which eliminates the M1

*iFastEMAPeriod: FastEMAPeriod: used in the first exponentially smoothed moving average of the MACD formula.

*iSlowEMAPeriod: SlowEMAPeriod: used in the second exponentially smoothed moving average of the MACD formula.

*iSignalSMAPeriod: SignalSMAPeriod: used in calculating the final Signal line.


"== MACDHistogram =="

*iMACDHistogramWidth: MACD Histogram width. Valid values are: 1,2,3,4,5. BUT it seems it accepts also individual higher numbers which is quite useful.

*cMACDHistogramUP: MACD Histogram color if Bar is higher than previous.

*cMACDHistogramDN: MACD Histogram color if Bar is lower than previous.

*cMACDHistogramEQ: MACD Histogram color if Bar is the equal(same) as the previous.


"== Signal Line =="

*iSignalLineStyle: Signal Line Style: 0=Solid, 1=Dash, 2=Dot, 3=DashDot, 4=DashDotDot.

*iSignalLineWidth: Signal Line width. Valid values are: 1,2,3,4,5. BUT it seems it accepts also individual higher numbers which is quite useful.

*cSignalLine: Signal Line color.

===== END OF ===== OTHER INPUT VARIABLES =====