i have been using this indicator a preemptive signal for my trading strategy but it does not auto-refresh. i have tried to use an auto refresh indicator but it slows done my mt4 and freezes my pc. could you please look at it and see if it you can repair it?
//+------------------------------------------------------------------+
//| #Momentum onChartSignals Indicator v1.0.mq4 |
//| Copyright © 2011, based on ADXcrosses Indicator |
//| http://ForexBaron.net |
//+------------------------------------------------------------------+
/* for iCustom:
double signal = iCustom(NULL,0,"#Momentum onChartSignals Indicator v1.0","","",0,6,12,7,7,7,"",12,12,50,20,"",-2.0,-1.0, 0,0);
*/
#property copyright "Copyright © 2011, ForexBaron.net"
#property link "http://ForexBaron.net"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 BlueViolet
#property indicator_color2 Violet
//---- input parameters
extern string symbolhint="Symbol (leave blank for current chart):";
extern string symbol="";
extern string tfhint="timeframe (in Minutes, 0 for current):";
extern int timeFrame=0;
extern int cciPeriod=6;
extern int atrPeriod=12;
extern int momentumPeriod=7;
extern int rsiPeriod=7;
extern int adxPeriod=7;
extern string indihint1="periods for control:";
extern int rsiControlPeriod=12;
extern int adxControlPeriod=12;
extern int rsiTrigger=50;
extern int adxTrigger=20;
extern string subtracthint="default: -2, -1";
extern double subtractFromSignalVal=-2.0;
extern double subtractFromIndiVal=-1.0;
extern string hl0="-=------------------------------------------------------=-";
extern bool showBuySignals=true;
extern bool showSellSignals=true;
extern string wingdingshint="default: 233, 234";
extern int wingdingsUpArrow=233;
extern int wingdingsDownArrow=234;
extern string hl1="-=------------------------------------------------------=-";
extern string alerthint="optional settings:";
extern bool Alerts=true;
extern bool PlaySounds=false;
extern string alerthint1="Want change sounds for signals?";
extern string alerthint2="must be in MT4_sounds_directory";
extern string alerthint3="and have extension .wav";
extern string LongSignalSoundFile="alert.wav";
extern string ShortSignalSoundFile="alert.wav";
extern bool SignalMail=False;
//---- buffers
double ExtMapBuffer1[];
double ExtMapBuffer2[];
//----
int nShift;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//----
SetIndexStyle(0,DRAW_ARROW,0,1);
SetIndexArrow(0,wingdingsUpArrow);
SetIndexBuffer(0,ExtMapBuffer1);
//----
SetIndexStyle(1,DRAW_ARROW,0,1);
SetIndexArrow(1,wingdingsDownArrow);
SetIndexBuffer(1,ExtMapBuffer2);
//---- name for DataWindow and indicator subwindow label
IndicatorShortName("#MomentumChartSignalsIndicator"); // (" + indiName + ")
SetIndexLabel(0,"BUY SIGNAL");
SetIndexLabel(1,"SELL SIGNAL");
//----
switch(Period())
{
case 1: nShift=1; break;
case 5: nShift=3; break;
case 15: nShift=5; break;
case 30: nShift=10; break;
case 60: nShift=15; break;
case 240: nShift=20; break;
case 1440: nShift=80; break;
case 10080: nShift=100; break;
case 43200: nShift=200; break;
}
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int limit;
int counted_bars=IndicatorCounted();
//---- 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;
//----
string signalSentAlready="NONE";
if(symbol=="0" || symbol=="") symbol=Symbol();
for(int i=0; i<limit; i++)
{ // start loop
// current data:
double momVal=iMomentum(symbol,timeFrame,momentumPeriod,PRICE_TYPICAL,i);
double atrVal=iATR(symbol,timeFrame,atrPeriod,i);
double cciVal=iCCI(symbol,timeFrame,cciPeriod,PRICE_TYPICAL,i);
double rsiVal=iRSI(symbol,timeFrame,rsiPeriod,PRICE_TYPICAL,i);
double adxVal=iADX(symbol,timeFrame,adxPeriod,PRICE_TYPICAL,MODE_MAIN,i);
double adxPLUSVal=iADX(symbol,timeFrame,adxPeriod,PRICE_TYPICAL,MODE_PLUSDI,i);
double adxMINUSVal=iADX(symbol,timeFrame,adxPeriod,PRICE_TYPICAL,MODE_MINUSDI,i);
double signalVal=(momVal/(atrVal+adxVal))-subtractFromSignalVal; // -2
double indiVal=((atrVal+cciVal+rsiVal)/adxVal)-subtractFromIndiVal; // -1
// triggerData:
double adx1Val=iADX(symbol,timeFrame,adxControlPeriod,PRICE_CLOSE,MODE_MAIN,i);
double adx1PLUSVal=iADX(symbol,timeFrame,adxControlPeriod,PRICE_CLOSE,MODE_PLUSDI,i);
double adx1MINUSVal=iADX(symbol,timeFrame,adxControlPeriod,PRICE_CLOSE,MODE_MINUSDI,i);
double rsi1Val=iRSI(symbol,timeFrame,rsiControlPeriod,PRICE_CLOSE,i);
//---- SELL SIGNAL:
if(signalVal<indiVal && adx1MINUSVal<adx1PLUSVal && rsi1Val>rsiTrigger && adx1Val>adxTrigger)
{
if(signalSentAlready!="short")
{
if(showSellSignals) ExtMapBuffer2[i]=High[i]+nShift*Point;
if(Alerts) { Alert("SELL SIGNAL at ",symbol,": ",Close[0]," (TF ",Period(),")"); }
if(PlaySounds) { PlaySound(ShortSignalSoundFile); }
if(SignalMail) { SendMail(""+symbol+" SELL SIGNAL","SELL SIGNAL on "+symbol+": "+Close[0]+" (Timeframe: "+Period()+")"); }
signalSentAlready="short";
}
}
//---- BUY SIGNAL:
if(signalVal>indiVal && adx1PLUSVal<adx1MINUSVal && rsi1Val<rsiTrigger && adx1Val>adxTrigger)
{
if(signalSentAlready!="long")
{
if(showBuySignals) ExtMapBuffer1[i]=Low[i]-nShift*Point;
if(Alerts) { Alert("BUY SIGNAL at ",symbol,": ",Close[0]," (TF ",Period(),")"); }
if(PlaySounds) { PlaySound(LongSignalSoundFile); }
if(SignalMail) { SendMail(""+symbol+" BUY SIGNAL","BUY SIGNAL on "+symbol+": "+Close[0]+" (Timeframe: "+Period()+")"); }
signalSentAlready="long";
}
}
} // end loop
//----
return(0);
}
//+------------------------------------------------------------------+
Trade Momentum with this EA:
Linkback: https://www.forex.zone/indicator-modifications/16/modification-of-the-momentum-on-chart-signal-indicator/284/
