Description
Developed by Alexander Elder
The idea of Impulse is measuring any market by Inertia & Power according to Elder
Inertia can be measured by the slope of a fast EMA
Power can be measured by the slope of MACD Histogram
If both are increasing in value ----> UP Trend
if both are decreasing in value----> Dn Trend
When they are different (one is increasing & the other is decreasing) .. its No trade or a Market Turn .
The last usage of this indicator by Alexander Elder is a Censorship indicator !
i.e. If Both dots are Green/White/Up on daily chart .... no intra-day Shorts should be taken .. only Long Trades
if Both dots are Red/Dn on daily chart .. no intra-day Longs should be taken .. only short Trades .
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;
namespace cAlgo
{
[Indicator(IsOverlay = false, ScalePrecision = 0, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class Cyf_Impulse : Indicator
{
private string Bullet = "â";
private VerticalAlignment vAlign = VerticalAlignment.Center;
private HorizontalAlignment hAlign = HorizontalAlignment.Center;
private ExponentialMovingAverage EMA;
private MacdHistogram Mac;
private Colors UpColor = Colors.White;
private Colors DnColor = Colors.Crimson;
[Parameter("UpColor", DefaultValue = "White")]
public string upColor { get; set; }
[Parameter("DnColor", DefaultValue = "Crimson")]
public string dnColor { get; set; }
[Parameter(DefaultValue = 13)]
public int Period { get; set; }
[Parameter("LongCycle", DefaultValue = 26)]
public int LongCycle { get; set; }
[Parameter("ShrtCycle", DefaultValue = 12)]
public int ShrtCycle { get; set; }
[Parameter("Signal", DefaultValue = 9)]
public int Signal { get; set; }
protected override void Initialize()
{
Enum.TryParse(upColor, out UpColor);
Enum.TryParse(dnColor, out DnColor);
EMA = Indicators.ExponentialMovingAverage(MarketSeries.Close, Period);
Mac = Indicators.MacdHistogram(LongCycle, ShrtCycle, Signal);
}
public override void Calculate(int index)
{
if (EMA.Result[index] > EMA.Result[index - 1] && Mac.Histogram[index] > Mac.Histogram[index - 1])
{
ChartObjects.DrawText("EMA_Dots" + index, Bullet, index, 0.5, vAlign, hAlign, UpColor);
ChartObjects.DrawText("MAC_Dots" + index, Bullet, index, 0.7, vAlign, hAlign, UpColor);
}
else if (EMA.Result[index] < EMA.Result[index - 1] && Mac.Histogram[index] < Mac.Histogram[index - 1])
{
ChartObjects.DrawText("EMA_Dots" + index, Bullet, index, 0.5, vAlign, hAlign, DnColor);
ChartObjects.DrawText("MAC_Dots" + index, Bullet, index, 0.7, vAlign, hAlign, DnColor);
}
else
{
ChartObjects.DrawText("EMA_Dots" + index, Bullet, index, 0.5, vAlign, hAlign, Colors.Black);
ChartObjects.DrawText("MAC_Dots" + index, Bullet, index, 0.7, vAlign, hAlign, Colors.Black);
}
}
}
}
cyfer
Joined on 27.09.2015
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Cyf_Elder's_Impulse.algo
- Rating: 5
- Installs: 3275
Comments
Thanks, but how change color of black signal on black background?
Thanks for sharing this great indicator, is it possible to have the option to choose the desired time frame to show,
Wrong inputs!! the MACD Histogram in Ctrader turns Macd line into columns and thats not a MACD histogram:
MACD Histogram= MACD line - Signal line
therefor: the Impulse system here is taking the wrong inputs which is the MACD line instead of the MACD Histogram. and this will lead to a late signal.
Any way, there's another indicator in ctrader that gives the right inputs which is (MACD crossover).