Created
July 6, 2012 08:28
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MQL4: Get Last Swing Price
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/* | |
* Get the price of the Stop Loss according to last swing price. | |
* @param sym string Symbol of currency being analysed | |
* @param TF int TimeFrame of the currency being analysed | |
* @param ord int OrderType() = OP_BUYLIMIT, OP_BUYSTOP, OP_SELLLIMIT, OP_SELLSTOP | |
* @param entry double Entry price of the order | |
* @return double Last swing point | |
*/ | |
double getLastSwingPrice(string sym, int TF, int ord, double entry) { | |
int bars = iBars(sym,TF); | |
double stop; | |
int dir; | |
if ( ord == OP_BUYLIMIT || ord == OP_BUYSTOP ) { | |
dir = 1; | |
} else if ( ord == OP_SELLLIMIT || ord == OP_SELLSTOP ) { | |
dir = -1; | |
} | |
// do NOT use 0 as the current bar is still evolving! | |
for ( int i = 1; i < bars; i++ ) { | |
if ( dir == -1 && iHigh(sym, xTimeFrame, i) < iHigh(sym, xTimeFrame, i+1) && | |
iHigh(sym, xTimeFrame, i+1) >= iHigh(sym, xTimeFrame, i+2) && | |
iHigh(sym, xTimeFrame, i+1) > entry ) { | |
stop = iHigh(sym, xTimeFrame, i+1); | |
break; | |
} | |
if ( dir == 1 && iLow(sym, xTimeFrame, i) > iLow(sym, xTimeFrame, i+1) && | |
iLow(sym, xTimeFrame, i+1) <= iLow(sym, xTimeFrame, i+2) && | |
iLow(sym, xTimeFrame, i+1) < entry ) { | |
stop = iLow(sym, xTimeFrame, i+1); | |
break; | |
} | |
} | |
return ( stop ); | |
} |
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