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: 1965
- Modified: 13/10/2021 09:54
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