Warning! This section will be deprecated on February 1st 2025. Please move all your Indicators to the cTrader Store catalogue.
Description
Buy Sell signals for breakout trading.
Adjust the period as you need.
- XTick: Safe gap from break out value, e.g. if XTick = 5, a gap of 5 * TickSize is reserved for signal. Adjust it to prevent Fake out.
- Period: if = 5, then whenever there is a break thru max of 5 or min of 5 plus the gap, signal is triggered.
Do not use it alone.
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;
using System.Linq;
using System.Collections.Generic;
namespace cAlgo.Indicators
{
[Indicator(IsOverlay = true, AutoRescale = true, AccessRights = AccessRights.None)]
public class LT_Ind_OX : Indicator
{
[Parameter(DefaultValue = 5, MinValue = 1)]
public double XTick { get; set; }
[Parameter(DefaultValue = 3, MinValue = 1)]
public int Periods { get; set; }
[Parameter(DefaultValue = "Yellow", Group = "Draws")]
public Color Color { get; set; }
DonchianChannel _donchian;
protected override void Initialize()
{
_donchian = Indicators.DonchianChannel(Periods);
}
bool _curX, _curO;
public override void Calculate(int index)
{
var top = _donchian.Top[index] + Symbol.TickSize * XTick;
var bot = _donchian.Bottom[index] - Symbol.TickSize * XTick;
var key = $"Ox_{Bars.OpenTimes[index]}";
if (Bars.ClosePrices[index] > top && Math.Min(Bars.OpenPrices[index], Bars.ClosePrices[index - 1]) < top)
{
var txt = Chart.DrawText($"{key}_x", "x", index, top, Color);
txt.VerticalAlignment = VerticalAlignment.Center;
txt.HorizontalAlignment = HorizontalAlignment.Center;
_curX = true;
}
else
{
if (_curX)
{
_curX = false;
Chart.RemoveObject($"{key}_x");
}
}
if (Bars.ClosePrices[index] < bot && Math.Max(Bars.OpenPrices[index], Bars.ClosePrices[index - 1]) > bot)
{
var txt = Chart.DrawText($"{key}_o", "o", index, bot, Color);
txt.VerticalAlignment = VerticalAlignment.Center;
txt.HorizontalAlignment = HorizontalAlignment.Center;
_curO = true;
}
else
{
if (_curO)
{
_curO = false;
Chart.RemoveObject($"{key}_o");
}
}
}
}
}
dhnhuy
Joined on 03.04.2023
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: LT_Ind_OX.algo
- Rating: 0
- Installs: 861
- Modified: 22/03/2024 06:45
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