Category Oscilators  Published on 17/05/2023

Derivative Oscillator

Description

The Derivative Oscillator indicator by Constance Brown was published in her book "Technical Analysis for the Trading Professional"

Use as standard DPO (detrended price oscillator) indicator.


using System;
using cAlgo.API;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;

namespace cAlgo
{
    [Levels(0)]
    [Indicator(IsOverlay = false, AccessRights = AccessRights.None)]
    public class mDerivativeOsc : Indicator
    {
        [Parameter("RSI Period (10)", DefaultValue = 10, MinValue = 2)]
        public int inpPeriodRSI { get; set; }
        [Parameter("Period First (5)", DefaultValue = 5, MinValue = 2)]
        public int inpPeriodFirst { get; set; }
        [Parameter("Period Second (3)", DefaultValue = 3, MinValue = 2)]
        public int inpPeriodSecond { get; set; }
        [Parameter("Period Smooth (9)", DefaultValue = 9, MinValue = 2)]
        public int inpPeriodSmooth { get; set; }

        [Output("Derivative ", LineColor = "Black", PlotType = PlotType.Line, Thickness = 1)]
        public IndicatorDataSeries outDerivative { get; set; }
        
        private RelativeStrengthIndex _rsi;
        private MovingAverage _first, _second, _smooth;
        private IndicatorDataSeries _result;
        

        protected override void Initialize()
        {
            _rsi = Indicators.RelativeStrengthIndex(Bars.ClosePrices, inpPeriodRSI);
            _first = Indicators.MovingAverage(_rsi.Result, inpPeriodFirst, MovingAverageType.Exponential);
            _second = Indicators.MovingAverage(_first.Result, inpPeriodSecond, MovingAverageType.Exponential);
            _smooth = Indicators.MovingAverage(_first.Result, inpPeriodSmooth, MovingAverageType.Simple);
            _result = CreateDataSeries();
        }

        public override void Calculate(int i)
        {
            _result[i] = _second.Result[i] - _smooth.Result[i];
            
            outDerivative[i] = _result[i];
        }
    }
}

mfejza's avatar
mfejza

Joined on 25.01.2022

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: mDerivativeOsc.algo
  • Rating: 5
  • Installs: 569
  • Modified: 16/05/2023 11:26
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