Description
Based on this one by cysecsbin.01.
Added Cloud colorization + adjustable MA type.
SSL Channel is based on an average of the highs and lows. It flips from green to red signifying a potential turn.
If you like my work, feel free to spend me a Corona Beer :-)
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;
namespace cAlgo
{
[Cloud("SSLDown", "SSLUp")]
[Indicator(IsOverlay = true, AccessRights = AccessRights.None)]
public class SSLChannel : Indicator
{
//////////////////////////////////////////////////////////////////////// PARAMETERS
[Parameter("Length", DefaultValue = 10)]
public int _length { get; set; }
[Parameter("MA Type", DefaultValue = MovingAverageType.Simple)]
public MovingAverageType _MAType { get; set; }
//////////////////////////////////////////////////////////////////////// OUTPUTS
[Output("SSLDown", LineColor = "Red")]
public IndicatorDataSeries _sslDown { get; set; }
[Output("SSLUp", LineColor = "Green")]
public IndicatorDataSeries _sslUp { get; set; }
private MovingAverage _maHigh, _maLow;
private IndicatorDataSeries _hlv;
//////////////////////////////////////////////////////////////////////// INITIALIZE
protected override void Initialize()
{
_maHigh = Indicators.MovingAverage(Bars.HighPrices, _length, _MAType);
_maLow = Indicators.MovingAverage(Bars.LowPrices, _length, _MAType);
_hlv = CreateDataSeries();
}
//////////////////////////////////////////////////////////////////////// CALCULATE
public override void Calculate(int index)
{
_hlv[index] = Bars.ClosePrices[index] > _maHigh.Result[index] ? 1 : Bars.ClosePrices[index] < _maLow.Result[index] ? -1 : _hlv[index - 1];
_sslDown[index] = _hlv[index] < 0 ? _maHigh.Result[index] : _maLow.Result[index];
_sslUp[index] = _hlv[index] < 0 ? _maLow.Result[index] : _maHigh.Result[index];
}
}
}
DO
DontMatter
Joined on 15.11.2019
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: SSL Channel.algo
- Rating: 5
- Installs: 4973
- Modified: 13/10/2021 09:54
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