Description
Trend Indicator showing an Up Trend when the current close price is higher than the main trend line in uptrend and a Down Trend when the current close price is lower than main trend line in downtrend. The main trend line in uptrend equals to the median price plus a multiple of the average true range and the main line in downtrend equals the median price minus the multiple of the average true range. The exponential moving average equals the value of the Down Trend Indicator Dots in an uptrend and the value of the Up Trend Dots in a downtrend.
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KK
kkostaki
Joined on 24.08.2012
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: SuperTrendPlus.algo
- Rating: 5
- Installs: 7735
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using System;
using cAlgo.API;
using cAlgo.API.Indicators;
namespace cAlgo.Indicators
{
[Indicator(IsOverlay = true, AccessRights = AccessRights.None)]
public class Supertrend : Indicator
{
[Parameter(DefaultValue = 10)]
public int Period { get; set; }
[Parameter(DefaultValue = 3.0)]
public double Multiplier { get; set; }
[Output("UpTrend", Color = Colors.Green, PlotType = PlotType.Liness, Thickness = 3)]
public IndicatorDataSeries UpTrend { get; set; }
[Output("DownTrend", Color = Colors.Red, PlotType = PlotType.Lines, Thickness = 3)]
public IndicatorDataSeries DownTrend { get; set; }
private IndicatorDataSeries _upBuffer;
private IndicatorDataSeries _downBuffer;
private AverageTrueRange _averageTrueRange;
private int[] _trend;
private bool _changeofTrend;
protected override void Initialize()
{
_trend = new int[1];
_upBuffer = CreateDataSeries();
_downBuffer = CreateDataSeries();
_averageTrueRange = Indicators.AverageTrueRange(Period, MovingAverageType.WilderSmoothing);
}
public override void Calculate(int index)
{
// Init
UpTrend[index] = double.NaN;
DownTrend[index] = double.NaN;
double median = (MarketSeries.High[index] + MarketSeries.Low[index]) / 2;
double atr = _averageTrueRange.Result[index];
_upBuffer[index] = median + Multiplier * atr;
_downBuffer[index] = median - Multiplier * atr;
if (index < 1)
{
_trend[index] = 1;
return;
}
Array.Resize(ref _trend, _trend.Length + 1);
// Main Logic
if (MarketSeries.Close[index] > _upBuffer[index - 1])
{
_trend[index] = 1;
if (_trend[index - 1] == -1)
_changeofTrend = true;
}
else if (MarketSeries.Close[index] < _downBuffer[index - 1])
{
_trend[index] = -1;
if (_trend[index - 1] == -1)
_changeofTrend = true;
}
else if (_trend[index - 1] == 1)
{
_trend[index] = 1;
_changeofTrend = false;
}
else if (_trend[index - 1] == -1)
{
_trend[index] = -1;
_changeofTrend = false;
}
if (_trend[index] < 0 && _trend[index - 1] > 0)
_upBuffer[index] = median + (Multiplier * atr);
else if (_trend[index] < 0 && _upBuffer[index] > _upBuffer[index - 1])
_upBuffer[index] = _upBuffer[index - 1];
if (_trend[index] > 0 && _trend[index - 1] < 0)
_downBuffer[index] = median - (Multiplier * atr);
else if (_trend[index] > 0 && _downBuffer[index] < _downBuffer[index - 1])
_downBuffer[index] = _downBuffer[index - 1];
// Draw Indicator
if (_trend[index] == 1)
{
UpTrend[index] = _downBuffer[index];
if (_changeofTrend)
{
UpTrend[index - 1] = DownTrend[index - 1];
_changeofTrend = false;
}
}
else if (_trend[index] == -1)
{
DownTrend[index] = _upBuffer[index];
if (_changeofTrend)
{
DownTrend[index - 1] = UpTrend[index - 1];
_changeofTrend = false;
}
}
}