Description
This is the Rob Booker Reversal indicator implementation for cTrader.
It uses MACD and stochastic to find reversal signals.
Github:
using cAlgo.API;
using cAlgo.API.Indicators;
namespace cAlgo
{
[Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class RobBookerReversal : Indicator
{
private MacdCrossOver _macd;
private StochasticOscillator _stochastic;
private Color _buySignalColor, _sellSignalColor;
[Parameter("Source", Group = "MACD")]
public DataSeries MacdSource { get; set; }
[Parameter("Long Cycle", DefaultValue = 26, Group = "MACD")]
public int MacdLongCycle { get; set; }
[Parameter("Short Cycle", DefaultValue = 12, Group = "MACD")]
public int MacdShortCycle { get; set; }
[Parameter("Signal Periods", DefaultValue = 9, Group = "MACD")]
public int MacdSignalPeriods { get; set; }
[Parameter("%K Periods", DefaultValue = 9, Group = "Stochastic")]
public int StochasticKPeriods { get; set; }
[Parameter("%K Slowing", DefaultValue = 3, Group = "Stochastic")]
public int StochasticKSlowing { get; set; }
[Parameter("%D Periods", DefaultValue = 9, Group = "Stochastic")]
public int StochasticDPeriods { get; set; }
[Parameter("MA Type", DefaultValue = MovingAverageType.Simple, Group = "Stochastic")]
public MovingAverageType StochasticMaType { get; set; }
[Parameter("Overbought", DefaultValue = 70, Group = "Stochastic")]
public double StochasticOverbought { get; set; }
[Parameter("Oversold", DefaultValue = 30, Group = "Stochastic")]
public double StochasticOversold { get; set; }
[Parameter("Color", DefaultValue = "Lime", Group = "Buy Signal")]
public string BuySignalColor { get; set; }
[Parameter("Color", DefaultValue = "Red", Group = "Sell Signal")]
public string SellSignalColor { get; set; }
protected override void Initialize()
{
_macd = Indicators.MacdCrossOver(MacdSource, MacdLongCycle, MacdShortCycle, MacdSignalPeriods);
_stochastic = Indicators.StochasticOscillator(StochasticKPeriods, StochasticKSlowing, StochasticDPeriods, StochasticMaType);
_buySignalColor = GetColor(BuySignalColor);
_sellSignalColor = GetColor(SellSignalColor);
}
public override void Calculate(int index)
{
if (_macd.MACD[index - 1] > 0 && _macd.MACD[index - 2] <= 0 && _stochastic.PercentK[index - 1] <= StochasticOversold)
{
Chart.DrawIcon(GetIconName(index - 1, TradeType.Buy), ChartIconType.UpArrow, Bars.OpenTimes[index - 1], Bars.LowPrices[index - 1], _buySignalColor);
}
else if (_macd.MACD[index - 1] < 0 && _macd.MACD[index - 2] >= 0 && _stochastic.PercentK[index - 1] >= StochasticOverbought)
{
Chart.DrawIcon(GetIconName(index - 1, TradeType.Sell), ChartIconType.DownArrow, Bars.OpenTimes[index - 1], Bars.HighPrices[index - 1], _sellSignalColor);
}
}
private string GetIconName(int index, TradeType tradeType)
{
return string.Format("{0}_{1}_RobBookerReversal", index, tradeType);
}
private Color GetColor(string colorString, int alpha = 255)
{
var color = colorString[0] == '#' ? Color.FromHex(colorString) : Color.FromName(colorString);
return Color.FromArgb(alpha, color);
}
}
}
Spotware
Joined on 23.09.2013
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Rob Booker Reversal.algo
- Rating: 0
- Installs: 1903
- Modified: 13/10/2021 09:55
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