Custom Functions: iacfunc, iaofunc, and ibearsbullsfuncs
Info
The Custom Functions: iacfunc, iaofunc, and ibearsbullsfuncs is a Library for MetaTrader 4 that this library introduces three custom functions: iacfunc, iaofunc, and ibearsbullsfuncs. These functions enhance the calculation capabilities of their standard counterparts and are particularly useful for expert advisers.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Libraries folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Custom Functions: iacfunc, iaofunc, and ibearsbullsfuncs
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
This library introduces three custom functions: iacfunc, iaofunc, and ibearsbullsfuncs.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Library works on MetaTrader 4. Place the file in the MQL4/Libraries folder and restart the terminal.
Description & Settings
Related: ra d - rapid application development library - another powerful library for MetaTrader 4 traders.
This library introduces three custom functions: iacfunc, iaofunc, and ibearsbullsfuncs. These functions enhance the calculation capabilities of their standard counterparts and are particularly useful for expert advisers.Also recommended: the high low week library - similar library with strong performance on MetaTrader 4.
iacfunc calculates values with customizable , and periods using the formula:
double iacfunc (string sy, int tf, int ma_mode, int applied_price, int period_1, int period_2, int period_3, int shift)
iaofunc provides the flexibility to choose , and periods as per the formula:
double iaofunc (string sy, int tf, int ma_mode, int applied_price, int period_1, int period_2, int shift)
ibearsbullsfuncs offers the ability to select and periods for calculation using the following formulas:
double ibearspowerfunc (string sy, int tf, int bearsperiod, int applied_price, int bears_ma_mode, int shift)
double ibullspowerfunc (string sy, int tf, int bullsperiod, int applied_price, int bulls_ma_mode, int shift)
Input Parameters:
- sy: Symbol
- tf: Timeframe
- ma_mode, bears_ma_mode, bulls_ma_mode: Moving Average
- applied_price: Applied Price
- period_1, period_2, period_3, bearsperiod, bullsperiod: Periods for calculating moving averages
- shift: Index of the value in the indicator buffer
For a comprehensive understanding of these parameters, including practical examples, refer to the accompanying zip file.
You may also like: standard library - excellent alternative for library users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property library
double ibearspowerfunc(string sy,int tf,int bearsperiod,int applied_price,int bears_ma_mode,int shift)
{
double temp, bears;
if (sy=="" || sy=="0") sy=symbol();
temp=ima(sy,tf,bearsperiod,0,bears_ma_mode,applied_price,shift);
bears=ilow(sy,tf,shift)-temp;
return(bears);.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.