Kolier SuperTrend Indicator

Kolier SuperTrend

Kolier SuperTrend

Kolier SuperTrend

Kolier SuperTrend

Kolier SuperTrend

Kolier SuperTrend

Kolier SuperTrend

Kolier SuperTrend

The pictures you can see modification of the indicator SuperTrend from Jason Robinson, who created Kolier and  the indicator name Kolier SuperTrend. This is a new improved version, with better outcomes in the market. Kolier SuperTrend is technical indicator with good estimate of the development trend of the market. The main element of the indicator we can consider the Average True Range - ATR  indicator, that measures and shows volatility market. The indicator Kolier SuperTrend can be used to develop a complete trading system or be used for entry or exit signals as part of business strategies.

Kolier SuperTrend  Indicator MQ4 Code Base (Copy Code)

//+----------------------------------------------------------------------+
//|                                           Kolier_SuperTrend_Indi.mq4 |
//|                                           Copyright 2010, KoliEr Li. |
//|                                                    http://kolier.li  |
//+----------------------------------------------------------------------+
/*
 * I here get paid to program for you. Just $15 for all scripts.
 *
 * I am a bachelor major in Financial-Mathematics.
 * I am good at programming in MQL for Meta Trader 4 platform. Senior Level. Have done hundreds of scripts.
 * No matter what it is, create or modify any indicators, expert advisors and scripts.
 * I will ask these jobs which are not too large, price from $15, surely refundable if you are not appreciate mine.
 * All products will deliver in 3 days.
 * Also, I am providing EA, Indicator and Trade System Improvement Consultant services, contact me for the detail.
 * If you need to have it done, don't hesitate to contact me at: kolier.li@gmail.com
 */
 
//+----------------------------------------------------------------------+
//| Indicator Properties                                                 |
//+----------------------------------------------------------------------+
#property copyright "Copyright 2010, KoliEr Li."
#property link      "http://kolier.li"
// Client: 
// Tags: SuperTrend, ATR
// Revision: 1
 
/* Change Logs */
/*
*/
 
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Lime
#property indicator_color2 Red
#property indicator_width1 2
#property indicator_width2 2
 
//+----------------------------------------------------------------------+
//| Universal Constants                                                  |
//+----------------------------------------------------------------------+
#define PHASE_NONE 0
#define PHASE_BUY 1
#define PHASE_SELL -1
 
//+----------------------------------------------------------------------+
//| User input variables                                                 |
//+----------------------------------------------------------------------+
extern string    AdvisorName = "Kolier_SuperTrend_Indi";
extern string AdvisorVersion = "1.0.1";            // The version number of this script
extern string    ProjectPage = "http://kolier.li/project/kolier-supertrend-indi";            // The project landing page
extern int       BarsToCount = 0;    // Set to 0 to count all bars, if >0, set more to calculate more bars
extern int         TrendMode = 0;    // 0=Show line same as SuperTrend.mq4, 1=New way to show trend line
// iATR
extern string ATR_Indicator = "http://kolier.li/example/mt4-iatr-system-average-true-range";
extern int       ATR_Period = 10;
extern double ATR_Multiplier = 3.0;
 
//+----------------------------------------------------------------------+
//| Universal variables                                                  |
//+----------------------------------------------------------------------+
double buffer_line_up[], buffer_line_down[];
double atr, band_upper, band_lower;
int phase=PHASE_NONE;
 
//+----------------------------------------------------------------------+
//| Custom indicator initialization function                             |
//+----------------------------------------------------------------------+
int init()
  {
   IndicatorShortName(AdvisorName);
   IndicatorDigits(MarketInfo(Symbol(), MODE_DIGITS));
   
   SetIndexBuffer(0, buffer_line_up);
   SetIndexLabel(0, "Up Trend");
   SetIndexBuffer(1, buffer_line_down);
   SetIndexLabel(1, "Down Trend");
   
   return(0);
  }
  
//+----------------------------------------------------------------------+
//| Custom indicator deinitialization function                           |
//+----------------------------------------------------------------------+
int deinit()
  {
   return(0);
  }
  
//+----------------------------------------------------------------------+
//| Custom indicator iteration function                                  |
//+----------------------------------------------------------------------+
int start()
  {
   int bars_counted = IndicatorCounted();
   if(bars_counted < 0) {
      return(1);
   }
   else if(bars_counted > 0) {
      bars_counted--;
   }
   int limit = Bars - bars_counted;
   if(BarsToCount>0 && limit>BarsToCount) {
      limit = BarsToCount;
   }
   
   for(int i=limit; i>=0; i--) {
      atr = iATR(Symbol(), 0, ATR_Period, i);
      band_upper = (High[i]+Low[i])/2 + ATR_Multiplier * atr;
      band_lower = (High[i]+Low[i])/2 - ATR_Multiplier * atr;
            
      if(phase==PHASE_NONE) {
         buffer_line_up[i] = (High[i+1]+Low[i+1])/2;
         buffer_line_down[i] = (High[i+1]+Low[i+1])/2;
      }
      
      if(phase!=PHASE_BUY && Close[i]>buffer_line_down[i+1] && buffer_line_down[i+1]!=EMPTY_VALUE) {
         phase = PHASE_BUY;
         buffer_line_up[i] = band_lower;
         buffer_line_up[i+1] = buffer_line_down[i+1];
      }
      
      if(phase!=PHASE_SELL && Close[i]<buffer_line_up[i+1] && buffer_line_up[i+1]!=EMPTY_VALUE) {
         phase = PHASE_SELL;
         buffer_line_down[i] = band_upper;
         buffer_line_down[i+1] = buffer_line_up[i+1];
      }
      
      if(phase==PHASE_BUY
         && ((TrendMode==0 && buffer_line_up[i+2]!=EMPTY_VALUE) || TrendMode==1) ) {
         if(band_lower>buffer_line_up[i+1]) {
            buffer_line_up[i] = band_lower;
         }
         else {
            buffer_line_up[i] = buffer_line_up[i+1];
         }
      }
      if(phase==PHASE_SELL
         && ((TrendMode==0 && buffer_line_down[i+2]!=EMPTY_VALUE) || TrendMode==1) ) {
         if(band_upper<buffer_line_down[i+1]) {
            buffer_line_down[i] = band_upper;
         }
         else {
            buffer_line_down[i] = buffer_line_down[i+1];
         }
      }
      
   }