Category Trend  Published on 23/03/2017

Double EMA with Position Size Calculator

Description

This indicator is for 5min or 15min chart and it contains:

- 25 Color EMA

- 70 Color EMA

- Position Size Calculator Acourding to your risk percentage

- Shows you the level of SL and TP with Risk Reward Ratio of 1:2 accourding to your SL

 

I personally use for my 5min chart combined with Asia_Range Indicator.


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

namespace cAlgo.Indicators
{
    [Indicator(IsOverlay = true, TimeZone = TimeZones.EAfricaStandardTime, AccessRights = AccessRights.None)]
    public class MyIndicator : Indicator
    {
//-----------PARAMETER---------------------------      
        [Parameter("Info", DefaultValue = 1)]
        public bool info { get; set; }

        [Parameter("Stop Loss", DefaultValue = 6)]
        public int StopLoss { get; set; }

        [Parameter("Stop Loss Risk %", DefaultValue = 1)]
        public double stopLossRiskPercent { get; set; }

        public int TakeProfit;

        [Parameter(DefaultValue = 0)]
        public double SydneyOpen { get; set; }

        public ExponentialMovingAverage ema;

        [Parameter("Period", DefaultValue = 25)]
        public int Period { get; set; }

        [Parameter("Source")]
        public DataSeries Source { get; set; }

        public ExponentialMovingAverage sema;

        [Parameter("Slow Period", DefaultValue = 70)]
        public int sPeriod { get; set; }

        [Parameter("Slow Source")]
        public DataSeries sSource { get; set; }

//------------------OUTPUT----------------------------------------------------------

        [Output("Fast Main", Color = Colors.Black)]
        public IndicatorDataSeries Result { get; set; }

        [Output("Fast UP", Color = Colors.Green, PlotType = PlotType.DiscontinuousLine)]
        public IndicatorDataSeries Up { get; set; }

        [Output("Fast Down", Color = Colors.OrangeRed, PlotType = PlotType.DiscontinuousLine)]
        public IndicatorDataSeries Down { get; set; }

        [Output("Slow Main", Color = Colors.Black)]
        public IndicatorDataSeries sResult { get; set; }

        [Output("Slow UP", Color = Colors.Green, PlotType = PlotType.DiscontinuousLine)]
        public IndicatorDataSeries sUp { get; set; }

        [Output("Slow Down", Color = Colors.OrangeRed, PlotType = PlotType.DiscontinuousLine)]
        public IndicatorDataSeries sDown { get; set; }

        [Output("Bull Take Profit", Color = Colors.Green, PlotType = PlotType.Points, Thickness = 1)]
        public IndicatorDataSeries BullTP { get; set; }

        [Output("Bull Stop Loss", Color = Colors.Green, PlotType = PlotType.Points, Thickness = 1)]
        public IndicatorDataSeries BullSL { get; set; }

        [Output("Bear Take Profit", Color = Colors.OrangeRed, PlotType = PlotType.Points, Thickness = 1)]
        public IndicatorDataSeries BearTP { get; set; }

        [Output("Bear Stop Loss", Color = Colors.OrangeRed, PlotType = PlotType.Points, Thickness = 1)]
        public IndicatorDataSeries BearSL { get; set; }

        protected override void Initialize()
        {
            ema = Indicators.ExponentialMovingAverage(Source, Period);
            sema = Indicators.ExponentialMovingAverage(sSource, sPeriod);
        }


        public override void Calculate(int index)
        {
            Result[index] = ema.Result[index];
            if (Result[index - 1] < Result[index])
            {
                Up[index] = Result[index];
                Down[index] = double.NaN;
            }
            else
            {
                Up[index] = double.NaN;
                Down[index] = Result[index];
            }

            sResult[index] = sema.Result[index];
            if (sResult[index - 1] < sResult[index])
            {
                sUp[index] = sResult[index];
                sDown[index] = double.NaN;
            }
            else
            {
                sUp[index] = double.NaN;
                sDown[index] = sResult[index];
            }

            TakeProfit = StopLoss * 2;
            if (info == true)
            {
                DisplayPositionSizeRiskOnChart();
            }
            if (TimeFrame < TimeFrame.Minute10)
            {
                VerticalLineSydney(index);

//-----------TAKE PROFIT AND STOP LOSS INDICATOR---------------------------   

                BullTP[index] = double.NaN;
                BullSL[index] = double.NaN;
                BearTP[index] = double.NaN;
                BearSL[index] = double.NaN;

                BullTP[index + 1] = MarketSeries.Close[index] + TakeProfit * Symbol.PipSize;
                BullSL[index + 1] = MarketSeries.Close[index] - StopLoss * Symbol.PipSize;
                BearTP[index + 1] = MarketSeries.Close[index] - TakeProfit * Symbol.PipSize;
                BearSL[index + 1] = MarketSeries.Close[index] + StopLoss * Symbol.PipSize;

            }
        }

//---------VERTICAL LINE----------------------------------------------------------
// Sydney
        protected void VerticalLineSydney(int index)
        {
            if (MarketSeries.OpenTime[index].Hour == SydneyOpen & MarketSeries.OpenTime[index].Minute == 5)
            {
                ChartObjects.DrawVerticalLine("SydneyLine" + index, index, Colors.Green, 1, LineStyle.LinesDots);
            }
        }
// Position Size Calculator        
        private void DisplayPositionSizeRiskOnChart()
        {
            double costPerPip = (double)((int)(Symbol.PipValue * 10000000)) / 100;
            double positionSizeForRisk = (Account.Balance * stopLossRiskPercent / 100) / (StopLoss * costPerPip);
            string text = "SL is " + StopLoss + " pips = " + Math.Round(positionSizeForRisk, 2) + " Lot";
            ChartObjects.DrawText("positionRisk", text, StaticPosition.TopLeft, Colors.Gray);
            if (TimeFrame < TimeFrame.Minute30)
            {
                string size = "\n" + "06 pips = " + Math.Round((Account.Balance * stopLossRiskPercent / 100) / (6 * costPerPip), 2) + " Lot";
                size = size + "\n" + "08 pips = " + Math.Round((Account.Balance * stopLossRiskPercent / 100) / (8 * costPerPip), 2) + " Lot";
                size = size + "\n" + "10 pips = " + Math.Round((Account.Balance * stopLossRiskPercent / 100) / (10 * costPerPip), 2) + " Lot";
                size = size + "\n" + "12 pips = " + Math.Round((Account.Balance * stopLossRiskPercent / 100) / (12 * costPerPip), 2) + " Lot";
                size = size + "\n" + "15 pips = " + Math.Round((Account.Balance * stopLossRiskPercent / 100) / (15 * costPerPip), 2) + " Lot";
                ChartObjects.DrawText("calculator", size, StaticPosition.TopLeft, Colors.Silver);
            }
        }
    }
}


BigDeal's avatar
BigDeal

Joined on 03.12.2015

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: My Indicator.algo
  • Rating: 0
  • Installs: 3536
Comments
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matt92's avatar
matt92 · 4 years ago

Any chance you can make just the position size calculator but with units instead of lots? Also would like to be able to put it on the right top corner, instead of left top corner? :) Thanks