Warning! This section will be deprecated on February 1st 2025. Please move all your Indicators to the cTrader Store catalogue.
Description
The Inverse Fisher Transform version of the MoneyFlowIndex indicator. This method once applied gives more clear and unequivocal signals also helping to avoid some whipsaw trades.
using System;
using cAlgo.API;
using cAlgo.API.Indicators;
namespace cAlgo.Indicators
{
[Indicator(IsOverlay = false, AccessRights = AccessRights.None)]
public class InverseMFI : Indicator
{
[Parameter(DefaultValue = 21, MinValue = 8)]
public int Length { get; set; }
[Output("InverseMFI", Color = Colors.CadetBlue, Thickness = 2)]
public IndicatorDataSeries invmfi { get; set; }
private MoneyFlowIndex mfi;
private IndicatorDataSeries value1;
private IndicatorDataSeries smooth;
protected override void Initialize()
{
mfi = Indicators.MoneyFlowIndex(Length);
value1 = CreateDataSeries();
smooth = CreateDataSeries();
}
public override void Calculate(int index)
{
double mfiL = mfi.Result[index];
double mfiH = mfi.Result[index];
for (int i = index - Length + 1; i <= index; i++)
{
if (mfiH < mfi.Result[i])
{
mfiH = mfi.Result[i];
}
if (mfiL > mfi.Result[i])
{
mfiL = mfi.Result[i];
}
}
if (mfiH != mfiL)
{
value1[index] = 0.1 * (mfi.Result[index] - 50);
smooth[index] = (value1[index] + 2 * value1[index - 1] + 2 * value1[index - 2] + value1[index - 3]) / 6;
}
invmfi[index] = (Math.Exp(2 * smooth[index]) - 1) / (Math.Exp(2 * smooth[index]) + 1);
}
}
}
cwik_m
Joined on 26.06.2018
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: InverseMFI.algo
- Rating: 0
- Installs: 2008
- Modified: 13/10/2021 09:54
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