Dear mladen and Mr tools please look the code is from Amibroker is it possible to write the same logic in Mt4 because the code is of very few lines but looks so powerfull ..
_SECTION_BEGIN("0409");
sma10_hotfx = MA( Close, 10 );
Vol_hotfx = StDev( sma10_hotfx, 10 );
SetForeign("^nsei" );
// at this point Close represents FHYTX close price
sma20_fhytx = MA( Close, 20 );
Vol_fhytx = StDev( sma20_fhytx, 20 );
diffbuy = (Close - sma20_fhytx)/( 2 * Vol_fhytx );
diffsell = (Close - sma20_fhytx)/( 2 * Vol_fhytx );
RestorePriceArrays();
// now we are back to HOTFX
Sell = ( diffsell < -1 ) AND
((Close - sma10_hotfx)/( 2 * Vol_hotfx )) < -1;
Buy = ( diffbuy > 1 ) AND ( Close > sma10_hotfx );
Plot(C,"",47,64);
Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
//Short=ExRem(Short,Cover);
//Cover=ExRem(Cover,Short);
PlotShapes(Buy*shapeUpArrow,colorAqua ,0,L);
PlotShapes(Sell*shapeDownArrow,colorGold,0,H);
_SECTION_END();
That is simple Bollinger bands breakout system
You can find 100's of versions for metatrader
That is simple Bollinger bands breakout system
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Dear mladen and Mr tools please look the code is from Amibroker is it possible to write the same logic in Mt4 because the code is of very few lines but looks so powerfull ..
_SECTION_BEGIN("0409");
sma10_hotfx = MA( Close, 10 );
Vol_hotfx = StDev( sma10_hotfx, 10 );
SetForeign("^nsei" );
// at this point Close represents FHYTX close price
sma20_fhytx = MA( Close, 20 );
Vol_fhytx = StDev( sma20_fhytx, 20 );
diffbuy = (Close - sma20_fhytx)/( 2 * Vol_fhytx );
diffsell = (Close - sma20_fhytx)/( 2 * Vol_fhytx );
RestorePriceArrays();
// now we are back to HOTFX
Sell = ( diffsell < -1 ) AND
((Close - sma10_hotfx)/( 2 * Vol_hotfx )) < -1;
Buy = ( diffbuy > 1 ) AND ( Close > sma10_hotfx );
Plot(C,"",47,64);
Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
//Short=ExRem(Short,Cover);
//Cover=ExRem(Cover,Short);
PlotShapes(Buy*shapeUpArrow,colorAqua ,0,L);
PlotShapes(Sell*shapeDownArrow,colorGold,0,H);
_SECTION_END();