This code is a custom indicator called 'UPD1 Volume Cluster' developed by the Forex Robot Easy Team. It is designed to calculate the trend direction and volume box for a given set of financial data.
The indicator has the following input parameters:
BarsCount: The number of bars to consider for calculation (default value: 100).TimeframeFlat: The timeframe for the flat (default value: H1).DataTimeframe: The timeframe for the data (default value: Current timeframe).
The indicator uses two buffers:
TrendDirectionBuffer: Stores the calculated trend direction values.VolumeBoxBuffer: Stores the calculated volume box values.
The OnInit function is responsible for initializing the indicator. It sets up the indicator buffers and defines the indicator lines and labels.
The OnCalculate function is called for each new tick to calculate the trend direction and volume box values. It first checks if the BarsCount parameter is valid. Then, it iterates over the data and calls the CalculateTrendDirection and CalculateVolumeBox functions to calculate the respective values.
The CalculateTrendDirection function calculates the trend direction based on the index and close prices. The actual calculation logic needs to be implemented in this function.
The CalculateVolumeBox function calculates the volume box based on the index, high, low, and volume values. Again, the actual calculation logic needs to be implemented in this function.
The 'UPD1 Volume Cluster' is a custom indicator developed by the Forex Robot Easy Team. It is designed to provide professional traders with valuable information about the trend direction and volume box of a financial instrument.
This indicator can be used in various trading strategies to identify potential trading opportunities. By analyzing the trend direction and volume box, traders can make informed decisions about entering or exiting a trade.
Please note that ForexRobotEasy is not the official developer of this product. We are only showcasing a sample code that can work as described in this product. To find the official developer of this product, please refer to MQL5.
For detailed reviews and trading results of this product, please visit forexroboteasy.com.