JJN - Nugget



JJN - Nugget

JJN - Nugget

JJN - Nugget

JJN - Nugget

JJN - Nugget

JJN - Nugget

JJN - Nugget

JJN - Nugget

Indicator JJN-Nugget created by the author Gordon Gekko in 2012, is a new and very popular technical indicator. See all indicator by Gordon Gekko - JJN ... Indicator JJN-Nugget nicely shows the entry and exit from the market, and  market trends.  It should be combined with other indicators such as VininI Trend WPR MA, Moving Average Convergence Divergence - MACD, Laguerre Filter  and the like, which will help clarify the buying and selling market signals (sell only in overall downtrend, buy only in overall uptrend). Use it on M15 (minimum 15 minute chart) or above.
Important: 
Don't open new trade immediately when the status buy or sell changes, because it may vary! Wait until the opening of the next candle.

JJN - Nugget MQ4 Code Base (Copy Code)

//+------------------------------------------------------------------+
//|                                                   JJN-Nugget.mq4 |
//|                                      Copyright © 2012, JJ Newark |
//|                                            http:/jjnewark.atw.hu |
//|                                             jjnewark@freemail.hu |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2012, JJ Newark"
#property link      "http:/jjnewark.atw.hu"


//---- indicator settings
//#property  indicator_separate_window
#property indicator_chart_window
#property  indicator_buffers      1
#property  indicator_color1       DarkOrange
#property  indicator_width1       2


//---- indicator parameters
extern string     __Copyright__               = "http://jjnewark.atw.hu";
extern color      BuyColor                    = YellowGreen;
extern color      SellColor                   = OrangeRed;
extern color      FontColor                   = Black;
extern int        DisplayDecimals             = 4;
extern int        PosX                        = 10;
extern int        PosY                        = 20;


//---- indicator buffers
double     MainVal[];

double ValSum[];


double Vals[8];
double ValSumTemp;
int per[]={5,8,13,21,34,55,89,144};


//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- drawing settings
   IndicatorBuffers(2);
   SetIndexStyle(0,DRAW_SECTION);
   SetIndexBuffer(0,MainVal);
   SetIndexBuffer(1,ValSum);
      
   SetIndexLabel(0,"MainVal");
   
   ObjectCreate("NuggetIndName",OBJ_LABEL,0,0,0,0,0);
   ObjectSet("NuggetIndName",OBJPROP_CORNER,0);
   ObjectSet("NuggetIndName",OBJPROP_XDISTANCE,PosX+12);
   ObjectSet("NuggetIndName",OBJPROP_YDISTANCE,PosY);
   ObjectSetText("NuggetIndName","JJN-Nugget",8,"Lucida Sans Unicode",FontColor);
   
   ObjectCreate("NuggetLine0",OBJ_LABEL,0,0,0,0,0);
   ObjectSet("NuggetLine0",OBJPROP_CORNER,0);
   ObjectSet("NuggetLine0",OBJPROP_XDISTANCE,PosX+5);
   ObjectSet("NuggetLine0",OBJPROP_YDISTANCE,PosY+8);
   ObjectSetText("NuggetLine0","------------------",8,"Tahoma",FontColor);
   
   ObjectCreate("NuggetLine1",OBJ_LABEL,0,0,0,0,0);
   ObjectSet("NuggetLine1",OBJPROP_CORNER,0);
   ObjectSet("NuggetLine1",OBJPROP_XDISTANCE,PosX+5);
   ObjectSet("NuggetLine1",OBJPROP_YDISTANCE,PosY+10);
   ObjectSetText("NuggetLine1","------------------",8,"Tahoma",FontColor);
    
   ObjectCreate("NuggetDirection",OBJ_LABEL,0,0,0,0,0);
   ObjectSet("NuggetDirection",OBJPROP_CORNER,0);
   ObjectSet("NuggetDirection",OBJPROP_XDISTANCE,PosX);
   ObjectSet("NuggetDirection",OBJPROP_YDISTANCE,PosY+12);
   ObjectSetText("NuggetDirection","Wait ...",28,"Lucida Sans Unicode",FontColor);   
   
   ObjectCreate("NuggetLevel",OBJ_LABEL,0,0,0,0,0);
   ObjectSet("NuggetLevel",OBJPROP_CORNER,0);
   ObjectSet("NuggetLevel",OBJPROP_XDISTANCE,PosX);
   ObjectSet("NuggetLevel",OBJPROP_YDISTANCE,PosY+50);
   ObjectSetText("NuggetLevel","  -----  ",9,"Lucida Sans Unicode",FontColor);
   
//---- 
   IndicatorShortName("JJN-Nugget");
   
   
//---- initialization done
   return(0);
  }

int deinit()
  {
//----
   ObjectDelete("NuggetLine0");
   ObjectDelete("NuggetLine1");
   ObjectDelete("NuggetIndName");
   ObjectDelete("NuggetDirection");
   ObjectDelete("NuggetLevel");
      
//----
   return(0);
  }

int start()
  {
   int limit;
   int counted_bars=IndicatorCounted();
//---- last counted bar will be recounted
   if(counted_bars>0) counted_bars--;
   limit=Bars-counted_bars;
//---- 

   for(int i=0; i<limit; i++)
   {
      for(int j=0; j<8; j++)
      {
      Vals[j]=iMA(NULL,0,per[j],0,MODE_EMA,PRICE_CLOSE,i);
      }
   
      ValSumTemp=0;
      for(int k=0; k<8; k++)
      {
      ValSumTemp+=Vals[k];
      }
      ValSum[i]=ValSumTemp/8;
   }
   
   
   for(i=0; i<limit; i++)
   {
   if(ValSum[i]>(High[i]+Low[i])/2 && ValSum[i+1]<(High[i+1]+Low[i+1])/2) 
      { 
      MainVal[i]=High[i]; 
      }
   else if(ValSum[i]<(High[i]+Low[i])/2 && ValSum[i+1]>(High[i+1]+Low[i+1])/2) 
      {
      MainVal[i]=Low[i];
      }
   else MainVal[i]=EMPTY_VALUE;
   }
   
   double lastprice=0;
        
   int found=0;
   int w=0;
      
      while(found<1)
      {
         if(MainVal[w]!=EMPTY_VALUE)
         {
            lastprice=MainVal[w];
            found++;
         }
         w++;
      }
    
    if(ValSum[0]<(High[0]+Low[0])/2)
    { 
    ObjectSet("NuggetDirection",OBJPROP_XDISTANCE,PosX+5);
    ObjectSetText("NuggetDirection","BUY",28,"Lucida Sans Unicode",BuyColor); 
    ObjectSetText("NuggetLevel","above "+DoubleToStr(lastprice,DisplayDecimals),9,"Lucida Sans Unicode",BuyColor);
    }
    else if(ValSum[0]>(High[0]+Low[0])/2)
    {
    ObjectSet("NuggetDirection",OBJPROP_XDISTANCE,PosX+2);
    ObjectSetText("NuggetDirection","SELL",28,"Lucida Sans Unicode",SellColor); 
    ObjectSetText("NuggetLevel","under "+DoubleToStr(lastprice,DisplayDecimals),9,"Lucida Sans Unicode",SellColor); 
    }
    
    
//---- done
   return(0);
  }
//+------------------------------------------------------------------+