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Sidus V2 MT4
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Sidus V2 MT4

  #1 (permalink)
Elite Member
CA
 
Futures Experience: Beginner
Platform: MT4, Ninja Trader
Favorite Futures: EUR/USD
 
Posts: 495 since Oct 2009
Thanks: 400 given, 625 received

Sidus V2 MT4

I found this indicator and it appears as if it is using the 14EMA, 21EMA, and cross of the 17RSI to determine an entry. However, when I put these indicators on the chart I get a different entry visually than the arrow. For example, the arror seems to occur before the 14/21 cross in some instances. Could someone look at the code and determine what it is doing? Am I missing something?

Thanks

//+------------------------------------------------------------------+
//| Sidus v.2 Entry Indicator.mq4 |
//| |
//| Ideas by Sidus |
//+------------------------------------------------------------------+
#property copyright "Sidus"
#property link ""

#property indicator_chart_window
#property indicator_buffers 4
#property indicator_color1 Blue
#property indicator_color2 Red
#property indicator_color3 Blue
#property indicator_color4 DodgerBlue

#include <WinUser32.mqh>
//---- input parameters
extern int FastEMA=14;
extern int SlowEMA=21;
extern int RSIPeriod=17;
extern bool Alerts=false;
//---- buffers
double ExtMapBuffer1[];
double ExtMapBuffer2[];
double ExtMapBuffer3[];
double ExtMapBuffer4[];
//double rsi_sig[];
//---- variables
int sigCurrent=0;
int sigPrevious=0;
double pipdiffCurrent=0;
double pipdiffPrevious=0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,ExtMapBuffer1);
SetIndexStyle(1,DRAW_LINE,1,3);
SetIndexBuffer(1,ExtMapBuffer2);
SetIndexStyle(2,DRAW_ARROW,1,5);
SetIndexArrow(2,233);
SetIndexBuffer(2,ExtMapBuffer3);
SetIndexEmptyValue(2,0.0);
SetIndexStyle(3,DRAW_ARROW,1,5);
SetIndexArrow(3,234);
SetIndexBuffer(3,ExtMapBuffer4);
SetIndexEmptyValue(3,0.0);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----

//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int limit;
int counted_bars=IndicatorCounted();
double rsi_sig=0;
bool entry=false;
double entry_point=0;

//---- check for possible errors
if(counted_bars<0) return(-1);
//---- last counted bar will be recounted
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;

//---- main loop
for(int i=0; i<limit; i++)
{
//---- ma_shift set to 0 because SetIndexShift called abowe
ExtMapBuffer1[i]=iMA(NULL,0,FastEMA,0,MODE_EMA,PRICE_CLOSE,i);
ExtMapBuffer2[i]=iMA(NULL,0,SlowEMA,0,MODE_EMA,PRICE_CLOSE,i);
rsi_sig = iRSI(NULL, 0, RSIPeriod, PRICE_CLOSE, i);

pipdiffCurrent=(ExtMapBuffer1[i]-ExtMapBuffer2[i]);

Comment("pipdiffCurrent = "+pipdiffCurrent+" ");
if (pipdiffCurrent>0 && rsi_sig>50)
{
sigCurrent = 1; //Up
}
else if (pipdiffCurrent<0 && rsi_sig<50)
{
sigCurrent = 2; //Down
}
/*
if (pipdiffCurrent>0)
{
sigCurrent = 1; //Up
}
else if (pipdiffCurrent<0)
{
sigCurrent = 2; //Down
}
*/

if (sigCurrent==1 && sigPrevious==2)
{
ExtMapBuffer4[i-1] = High[i-1]-5*Point;
//ExtMapBuffer3[i] = Ask;
entry=true;
entry_point=Ask;
}
else if (sigCurrent==2 && sigPrevious==1)
{
ExtMapBuffer3[i-1] = Low[i-1]-5*Point;
//ExtMapBuffer4[i] = Bid;
entry=true;
entry_point=Bid;
}


sigPrevious=sigCurrent;
pipdiffPrevious=pipdiffCurrent;
}

//----
if(Alerts && entry)
{
PlaySound("alert.wav");
if (sigPrevious==1)
{
MessageBox("Entry point: buy at "+entry_point+"!!", "Entry Point", MB_OK);
}
else if (sigPrevious==2)
{
MessageBox("Entry point: sell at "+entry_point+"!!", "Entry Point", MB_OK);
}

entry=false;
}
RefreshRates();

//----
return(0);
}
//+------------------------------------------------------------------+

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