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=x=ZigZag_Pointer_alert.mq4

Time: 2014-10-13 | Download file:=x=ZigZag_Pointer_alert.mq4

//+------------------------------------------------------------------+
//|                                               ZigZag Pointer.mq4 |
//|                                    zigzag modified by Dr. Gaines |
//|                                      dr_richard_gaines@yahoo.com |
//|                                        http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "dr_richard_gaines"
#property link      "http://www.metaquotes.net/"

#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Lime
#property indicator_width1 1
#property indicator_color2 Red
#property indicator_width2 1
//---- indicator parameters
extern int ExtDepth=12;
extern int ExtDeviation=5;
extern int ExtBackstep=3;
//---- indicator buffers
double ExtMapBuffer[];
double ExtMapBuffer2[];
int OldLastZigZag, OldPreviousZigZag;

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
   IndicatorBuffers(2);
//---- drawing settings
   SetIndexStyle(0,DRAW_ARROW,0,3);
   SetIndexArrow(0, 236);
   SetIndexStyle(1,DRAW_ARROW,0,3);
   SetIndexArrow(1, 238);
//---- indicator buffers mapping
   SetIndexBuffer(0,ExtMapBuffer);
   SetIndexBuffer(1,ExtMapBuffer2);
   SetIndexEmptyValue(0,0.0);
   
//---- indicator short name
   IndicatorShortName("ZigZag("+ExtDepth+","+ExtDeviation+","+ExtBackstep+")");
//---- initialization done
   return(0);
  }
//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
int start()
  {
   int    shift, back,lasthighpos,lastlowpos;
   double val,res;
   double curlow,curhigh,lasthigh,lastlow;

   for(shift=Bars-ExtDepth; shift>=0; shift--)
     {
      val=Low[Lowest(NULL,0,MODE_LOW,ExtDepth,shift)];
      if(val==lastlow) val=0.0;
      else 
        { 
         lastlow=val; 
         if((Low[shift]-val)>(ExtDeviation*Point)) val=0.0;
         else
           {
            for(back=1; back<=ExtBackstep; back++)
              {
               res=ExtMapBuffer[shift+back];
               if((res!=0)&&(res>val)) ExtMapBuffer[shift+back]=0.0; 
              }
           }
        } 
      ExtMapBuffer[shift]=val;
      //--- high
      val=High[Highest(NULL,0,MODE_HIGH,ExtDepth,shift)];
      if(val==lasthigh) val=0.0;
      else 
        {
         lasthigh=val;
         if((val-High[shift])>(ExtDeviation*Point)) val=0.0;
         else
           {
            for(back=1; back<=ExtBackstep; back++)
              {
               res=ExtMapBuffer2[shift+back];
               if((res!=0)&&(res=0; shift--)
     {
      curlow=ExtMapBuffer[shift];
      curhigh=ExtMapBuffer2[shift];
      if((curlow==0)&&(curhigh==0)) continue;
      //---
      if(curhigh!=0)
        {
         if(lasthigh>0) 
           {
            if(lasthigh0)
           {
            if(lastlow>curlow) ExtMapBuffer[lastlowpos]=0;
            else ExtMapBuffer[shift]=0;
           }
         //---
         if((curlow=0; shift--)
     {
      if(shift>=Bars-ExtDepth) ExtMapBuffer[shift]=0.0;
      else
        {
         res=ExtMapBuffer2[shift];
         if(res!=0.0) ExtMapBuffer2[shift]=res;
        }
  	int i=0;
  	int LastZigZag, PreviousZigZag;
   
   int h=0;
   while ( ExtMapBuffer[h]==0 && ExtMapBuffer2[h]==0) {
   	h++;
   }
   
   LastZigZag=h;
   
   h++;
   while(ExtMapBuffer[h]==0 && ExtMapBuffer2[h]==0) {
   	h++;
   }
   
   PreviousZigZag=h;
   
   if (OldLastZigZag!=LastZigZag || OldPreviousZigZag!=PreviousZigZag) {
   	if(OldLastZigZag>LastZigZag) Alert("Possible DOWN Started - change chart 30m to 1hr & back for new trendlines ");
    	OldLastZigZag=LastZigZag;
   	OldPreviousZigZag=PreviousZigZag;
   	ObjectDelete("Fibo");
   	ObjectCreate("Fibo", OBJ_FIBO, 0, Time[PreviousZigZag], ExtMapBuffer[LastZigZag], Time[LastZigZag], ExtMapBuffer[PreviousZigZag]);
  }
   if (OldLastZigZag!=LastZigZag || OldPreviousZigZag!=PreviousZigZag) {
   	if(OldLastZigZag        

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