//+------------------------------------------------------------------+ //| KeltnerChannel.mq5 | //| Copyright 2025, xxxxxxxx | //| | //+------------------------------------------------------------------+ #property copyright "Copyright 2025, xxxxxxxx" #property version "4.00" // Final Consensus: iMA handle for Middle Line, manual ATR #property description "Keltner Channels based on ATR" #include // Only needed for manual ATR's SMA init //--- Indicator Window and Plot Properties --- #property indicator_chart_window #property indicator_buffers 4 // Upper, Lower, Middle, and ATR #property indicator_plots 3 //--- Plot 1: Upper Band #property indicator_label1 "Upper Band" #property indicator_type1 DRAW_LINE #property indicator_color1 clrDodgerBlue #property indicator_style1 STYLE_DOT //--- Plot 2: Lower Band #property indicator_label2 "Lower Band" #property indicator_type2 DRAW_LINE #property indicator_color2 clrDodgerBlue #property indicator_style2 STYLE_DOT //--- Plot 3: Middle Band (Basis) #property indicator_label3 "Basis" #property indicator_type3 DRAW_LINE #property indicator_color3 clrDodgerBlue #property indicator_style3 STYLE_SOLID #property indicator_width3 1 //--- Input Parameters --- input int InpMaPeriod = 20; input ENUM_MA_METHOD InpMaMethod = MODE_EMA; input ENUM_APPLIED_PRICE InpAppliedPrice = PRICE_TYPICAL; input int InpAtrPeriod = 10; input double InpMultiplier = 2.0; //--- Indicator Buffers --- double BufferUpper[]; double BufferLower[]; double BufferMiddle[]; double BufferATR[]; //--- Global Variables --- int g_ExtMaPeriod, g_ExtAtrPeriod; double g_ExtMultiplier; int g_handle_ma; // Handle for the middle line MA //+------------------------------------------------------------------+ //| Custom indicator initialization function. | //+------------------------------------------------------------------+ int OnInit() { g_ExtMaPeriod = (InpMaPeriod < 1) ? 1 : InpMaPeriod; g_ExtAtrPeriod = (InpAtrPeriod < 1) ? 1 : InpAtrPeriod; g_ExtMultiplier = (InpMultiplier <= 0) ? 2.0 : InpMultiplier; SetIndexBuffer(0, BufferUpper, INDICATOR_DATA); SetIndexBuffer(1, BufferLower, INDICATOR_DATA); SetIndexBuffer(2, BufferMiddle, INDICATOR_DATA); SetIndexBuffer(3, BufferATR, INDICATOR_CALCULATIONS); ArraySetAsSeries(BufferUpper, false); ArraySetAsSeries(BufferLower, false); ArraySetAsSeries(BufferMiddle, false); ArraySetAsSeries(BufferATR, false); g_handle_ma = iMA(_Symbol, _Period, g_ExtMaPeriod, 0, InpMaMethod, InpAppliedPrice); if(g_handle_ma == INVALID_HANDLE) { Print("Error creating iMA handle."); return(INIT_FAILED); } IndicatorSetInteger(INDICATOR_DIGITS, _Digits); int draw_begin = MathMax(g_ExtMaPeriod, g_ExtAtrPeriod); PlotIndexSetInteger(0, PLOT_DRAW_BEGIN, draw_begin); PlotIndexSetInteger(1, PLOT_DRAW_BEGIN, draw_begin); PlotIndexSetInteger(2, PLOT_DRAW_BEGIN, g_ExtMaPeriod - 1); IndicatorSetString(INDICATOR_SHORTNAME, StringFormat("KC(%d,%d,%.1f)", g_ExtMaPeriod, g_ExtAtrPeriod, g_ExtMultiplier)); return(INIT_SUCCEEDED); } //+------------------------------------------------------------------+ //| Custom indicator deinitialization function. | //+------------------------------------------------------------------+ void OnDeinit(const int reason) { IndicatorRelease(g_handle_ma); } //+------------------------------------------------------------------+ //| Keltner Channel calculation 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[]) { int start_pos = MathMax(g_ExtMaPeriod, g_ExtAtrPeriod); if(rates_total <= start_pos) return(0); //--- STEP 1: Get Middle Line (MA) values from handle for perfect accuracy if(CopyBuffer(g_handle_ma, 0, 0, rates_total, BufferMiddle) < rates_total) { Print("Error copying iMA buffer data."); } //--- STEP 2: Calculate True Range manually double tr[]; ArrayResize(tr, rates_total); for(int i = 1; i < rates_total; i++) { tr[i] = MathMax(high[i], close[i-1]) - MathMin(low[i], close[i-1]); } //--- STEP 3: Calculate ATR and Bands for(int i = 1; i < rates_total; i++) { // --- Calculate ATR (using Wilder's smoothing) --- if(i == g_ExtAtrPeriod) // Initialization with SMA { double atr_sum = 0; for(int j=1; j<=g_ExtAtrPeriod; j++) atr_sum += tr[j]; BufferATR[i] = atr_sum / g_ExtAtrPeriod; } else if(i > g_ExtAtrPeriod) // Recursive calculation { BufferATR[i] = (BufferATR[i-1] * (g_ExtAtrPeriod - 1) + tr[i]) / g_ExtAtrPeriod; } // --- Calculate Upper and Lower bands --- if(i >= start_pos) { BufferUpper[i] = BufferMiddle[i] + (BufferATR[i] * g_ExtMultiplier); BufferLower[i] = BufferMiddle[i] - (BufferATR[i] * g_ExtMultiplier); } } return(rates_total); } //+------------------------------------------------------------------+ //+------------------------------------------------------------------+