Hello,
Thank you for your help with this. The indicator is from Metaquotes.
The Oscillator MACD Squeeze is similar to Trade The Markets Squeeze, but based on MACD.
The principal idea consists in trading only when Bollinger Bands are within Keltner Bands, forming trading zones.
The indicator is represented by histogram MACD with signal labels along the center line and has nine input indicators:
- MACD Fast EMA period – fast EMA period to calculate MACD;
- MACD Slow EMA period – slow EMA period to calculate MACD;
- Bollinger Bands period – period to calculate Bollinger Bands;
- Bollinger Bands deviation – deviation of Bollinger Bands;
- Bollinger Bands MA method – method to calculate Bollinger Bands;
- Keltner period – period to calculate Keltner Bands;
- Keltner deviation – deviation of Keltner Bands;
- Keltner ATR period – ATR period to calculate Keltner Bands;
- Keltner MA method – method to calculate Keltner Bands.
The script requiring conversion is as follows.
#property copyright “Copyright 2018, MetaQuotes Software Corp.”
#property link “https://mql5.com”
#property version “1.00”
#property description “MACD Squeeze oscillator”
#property indicator_separate_window
#property indicator_buffers 10
#property indicator_plots 3
//— plot MACD
#property indicator_label1 “MACDS”
#property indicator_type1 DRAW_COLOR_HISTOGRAM
#property indicator_color1 clrGreen,clrRed
#property indicator_style1 STYLE_SOLID
#property indicator_width1 2
//— plot SqueezeIN
#property indicator_label2 “Signal IN”
#property indicator_type2 DRAW_ARROW
#property indicator_color2 clrBlue
#property indicator_style2 STYLE_SOLID
#property indicator_width2 1
//— plot SqueezeOUT
#property indicator_label3 “Signal OUT”
#property indicator_type3 DRAW_ARROW
#property indicator_color3 clrSilver
#property indicator_style3 STYLE_SOLID
#property indicator_width3 1
//— input parameters
input uint InpPeriodFastEMA = 8; // MACD Fast EMA period
input uint InpPeriodSlowEMA = 21; // MACD Slow EMA period
input uint InpPeriodBB = 20; // Bollinger Bands period
input double InpDeviationBB = 2.0; // Bollinger Bands deviation
input ENUM_MA_METHOD InpMethodBB = MODE_EMA; // Bollinger Bands MA method
input uint InpPeriodKeltner = 20; // Keltner period
input double InpDeviationKeltner = 1.5; // Keltner deviation
input uint InpPeriodATRKeltner = 10; // Keltner ATR period
input ENUM_MA_METHOD InpMethodKeltner = MODE_EMA; // Keltner MA method
//— indicator buffers
double BufferMACD[];
double BufferColors[];
double BufferSqueezeIN[];
double BufferSqueezeOUT[];
double BufferFMA[];
double BufferSMA[];
double BufferBBMA[];
double BufferBBDEV[];
double BufferKMA[];
double BufferKATR[];
//— global variables
int period_fema;
int period_sema;
int period_bb;
int period_klt;
int period_katr;
int handle_fma;
int handle_sma;
int handle_bbma;
int handle_bbdev;
int handle_kma;
int handle_katr;
double dev_bb;
double dev_klt;
//+——————————————————————+
//| Custom indicator initialization function |
//+——————————————————————+
int OnInit()
{
//— set global variables
period_fema=int(InpPeriodFastEMA<1 ? 1 : InpPeriodFastEMA);
period_sema=int(InpPeriodSlowEMA<1 ? 1 : InpPeriodSlowEMA);
period_bb=int(InpPeriodBB<1 ? 1 : InpPeriodBB);
period_klt=int(InpPeriodKeltner<1 ? 1 : InpPeriodKeltner);
period_katr=int(InpPeriodATRKeltner<1 ? 1 : InpPeriodATRKeltner);
dev_bb=InpDeviationBB;
dev_klt=InpDeviationKeltner;
//— indicator buffers mapping
SetIndexBuffer(0,BufferMACD,INDICATOR_DATA);
SetIndexBuffer(1,BufferColors,INDICATOR_COLOR_INDEX);
SetIndexBuffer(2,BufferSqueezeIN,INDICATOR_DATA);
SetIndexBuffer(3,BufferSqueezeOUT,INDICATOR_DATA);
SetIndexBuffer(4,BufferFMA,INDICATOR_CALCULATIONS);
SetIndexBuffer(5,BufferSMA,INDICATOR_CALCULATIONS);
SetIndexBuffer(6,BufferBBMA,INDICATOR_CALCULATIONS);
SetIndexBuffer(7,BufferBBDEV,INDICATOR_CALCULATIONS);
SetIndexBuffer(8,BufferKMA,INDICATOR_CALCULATIONS);
SetIndexBuffer(9,BufferKATR,INDICATOR_CALCULATIONS);
//— setting a code from the Wingdings charset as the property of PLOT_ARROW
PlotIndexSetInteger(1,PLOT_ARROW,119);
PlotIndexSetInteger(2,PLOT_ARROW,119);
//— setting indicator parameters
IndicatorSetString(INDICATOR_SHORTNAME,”MACD Squeeze (“+(string)period_fema+”,”+(string)period_sema+”,”+(string)period_bb+”,”+(string)period_klt+”,”+(string)period_katr+”)”);
IndicatorSetInteger(INDICATOR_DIGITS,Digits());
//— setting buffer arrays as timeseries
ArraySetAsSeries(BufferMACD,true);
ArraySetAsSeries(BufferColors,true);
ArraySetAsSeries(BufferSqueezeIN,true);
ArraySetAsSeries(BufferSqueezeOUT,true);
ArraySetAsSeries(BufferFMA,true);
ArraySetAsSeries(BufferSMA,true);
ArraySetAsSeries(BufferBBMA,true);
ArraySetAsSeries(BufferBBDEV,true);
ArraySetAsSeries(BufferKMA,true);
ArraySetAsSeries(BufferKATR,true);
//— create MA’s handles
ResetLastError();
handle_fma=iMA(NULL,PERIOD_CURRENT,period_fema,0,MODE_EMA,PRICE_CLOSE);
if(handle_fma==INVALID_HANDLE)
{
Print(__LINE__,”: The iMA(“,(string)period_fema,”) object was not created: Error “,GetLastError());
return INIT_FAILED;
}
handle_sma=iMA(NULL,PERIOD_CURRENT,period_sema,0,MODE_EMA,PRICE_CLOSE);
if(handle_sma==INVALID_HANDLE)
{
Print(__LINE__,”: The iMA(“,(string)period_sema,”) object was not created: Error “,GetLastError());
return INIT_FAILED;
}
handle_bbma=iMA(NULL,PERIOD_CURRENT,period_bb,0,InpMethodBB,PRICE_CLOSE);
if(handle_bbma==INVALID_HANDLE)
{
Print(__LINE__,”: The iMA(“,(string)period_bb,”) object was not created: Error “,GetLastError());
return INIT_FAILED;
}
handle_bbdev=iStdDev(NULL,PERIOD_CURRENT,period_bb,0,MODE_SMA,PRICE_CLOSE);
if(handle_bbdev==INVALID_HANDLE)
{
Print(__LINE__,”: The iStdDev(“,(string)period_bb,”) object was not created: Error “,GetLastError());
return INIT_FAILED;
}
handle_kma=iMA(NULL,PERIOD_CURRENT,period_klt,0,InpMethodKeltner,PRICE_CLOSE);
if(handle_kma==INVALID_HANDLE)
{
Print(__LINE__,”: The iMA(“,(string)period_klt,”) object was not created: Error “,GetLastError());
return INIT_FAILED;
}
handle_katr=iATR(NULL,PERIOD_CURRENT,period_katr);
if(handle_katr==INVALID_HANDLE)
{
Print(__LINE__,”: The iATR(“,(string)period_katr,”) object was not created: Error “,GetLastError());
return INIT_FAILED;
}
//—
return(INIT_SUCCEEDED);
}
//+——————————————————————+
//| Custom indicator iteration function |
//+——————————————————————+
int OnCalculate(const int rates_total,
const int prev_calculated,
const datetime &time[],
const double &open[],
const double &high[],
const double &low[],
const double &close[],
const long &tick_volume[],
const long &volume[],
const int &spread[])
{
//— Проверка и расчёт количества просчитываемых баров
if(rates_total<4) return 0;
//— Проверка и расчёт количества просчитываемых баров
int limit=rates_total-prev_calculated;
if(limit>1)
{
limit=rates_total-2;
ArrayInitialize(BufferMACD,EMPTY_VALUE);
ArrayInitialize(BufferSqueezeIN,EMPTY_VALUE);
ArrayInitialize(BufferSqueezeOUT,EMPTY_VALUE);
ArrayInitialize(BufferFMA,0);
ArrayInitialize(BufferSMA,0);
ArrayInitialize(BufferBBMA,0);
ArrayInitialize(BufferBBDEV,0);
ArrayInitialize(BufferKMA,0);
ArrayInitialize(BufferKATR,0);
}
//— Подготовка данных
int count=(limit>1 ? rates_total : 1),copied=0;
copied=CopyBuffer(handle_fma,0,0,count,BufferFMA);
if(copied!=count) return 0;
copied=CopyBuffer(handle_sma,0,0,count,BufferSMA);
if(copied!=count) return 0;
copied=CopyBuffer(handle_bbma,0,0,count,BufferBBMA);
if(copied!=count) return 0;
copied=CopyBuffer(handle_bbdev,0,0,count,BufferBBDEV);
if(copied!=count) return 0;
copied=CopyBuffer(handle_kma,0,0,count,BufferKMA);
if(copied!=count) return 0;
copied=CopyBuffer(handle_katr,0,0,count,BufferKATR);
if(copied!=count) return 0;
//— Расчёт индикатора
for(int i=limit; i>=0 && !IsStopped(); i–)
{
BufferMACD[i]=BufferFMA[i]-BufferSMA[i];
BufferColors[i]=(BufferMACD[i]<BufferMACD[i+1] ? 1 : 0);
double BB_MA=BufferBBMA[i];
double BB_StdDev=BufferBBDEV[i];
double BTL=BB_MA+BB_StdDev*InpDeviationBB;
double BBL=BB_MA-BB_StdDev*InpDeviationBB;
double K_MA=BufferKMA[i];
double K_ATR=BufferKATR[i];
double KTL=K_MA+K_ATR*InpDeviationKeltner;
double KBL=K_MA-K_ATR*InpDeviationKeltner;
if(BTL<KTL && BBL>KBL)
{
BufferSqueezeOUT[i]=EMPTY_VALUE;
BufferSqueezeIN[i]=0;
}
else
{
BufferSqueezeIN[i]=EMPTY_VALUE;
BufferSqueezeOUT[i]=0;
}
}
//— return value of prev_calculated for next call
return(rates_total);
}
//+——————————————————————+
Hope the above is enough detail.
Best regards
