Description
An Evolution of my RSI Cloud indicator.
- indexed to 0
- Added Histogram
- Added fast RSI
Makes it look pretty similar to MACD but with OS/OB Area. Only Based on RSI, no MACD in Calculation!
Can be used like MACD and for spotting divergences.
FastRSI can be used for quick scalps or to prevent placing trades in Trend Direction while OS/OB.
Fully Customizable
EURUSD 1H
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.Indicators
{
[Cloud("OB1", "OB2")]
[Cloud("OS1", "OS2")]
[Cloud("RSI", "MA")]
[Indicator(IsOverlay = false, AccessRights = AccessRights.None)]
public class MACDRSI : Indicator
{
/////////////////////////////////////////////////////// PARAMETERS
// RSI
[Parameter("Period", Group = "RSI", DefaultValue = 14, MinValue = 1)]
public int rsiPeriod { get; set; }
[Parameter("Smooth Period (1=off)", Group = "RSI", DefaultValue = 4, MinValue = 1)]
public int SmoothPeriod { get; set; }
[Parameter("Smooth Type", Group = "RSI", DefaultValue = MovingAverageType.Exponential)]
public MovingAverageType SmoothType { get; set; }
// Fast RSI
[Parameter("Period", Group = "Fast RSI", DefaultValue = 8, MinValue = 1)]
public int rsiFastPeriod { get; set; }
// OS/OB Levels
[Parameter("OS1 Level", Group = "Levels", DefaultValue = -20)]
public int OS1_value { get; set; }
[Parameter("OS2 Level", Group = "Levels", DefaultValue = -30)]
public int OS2_value { get; set; }
[Parameter("OB1 Level", Group = "Levels", DefaultValue = 20)]
public int OB1_value { get; set; }
[Parameter("OB2 Level", Group = "Levels", DefaultValue = 30)]
public int OB2_value { get; set; }
// MA of RSI
[Parameter("Type", Group = "MA of RSI", DefaultValue = MovingAverageType.Exponential)]
public MovingAverageType MAType { get; set; }
[Parameter("Period", Group = "MA of RSI", DefaultValue = 20)]
public int maPeriod { get; set; }
// HISTOGRAM
[Parameter("Show", Group = "Histogram", DefaultValue = true)]
public bool HistogramShow { get; set; }
[Parameter("Histogram auto-color", Group = "Histogram", DefaultValue = false)]
public bool OnAdaptive { get; set; }
/////////////////////////////////////////////////////// LEVELS
[Output("OB1", LineColor = "Red", LineStyle = LineStyle.Dots, Thickness = 1)]
public IndicatorDataSeries OB1_level { get; set; }
[Output("OB2", LineColor = "Red", LineStyle = LineStyle.Dots, Thickness = 1)]
public IndicatorDataSeries OB2_level { get; set; }
// ---------------
[Output("OS1", LineColor = "Green", LineStyle = LineStyle.Dots, Thickness = 1)]
public IndicatorDataSeries OS1_level { get; set; }
[Output("OS2", LineColor = "Green", LineStyle = LineStyle.Dots, Thickness = 1)]
public IndicatorDataSeries OS2_level { get; set; }
/////////////////////////////////////////////////////// OUTPUTS
[Output("Histogram Positive", PlotType = PlotType.Histogram, LineColor = "FF004D00", Thickness = 3)]
public IndicatorDataSeries HistogramPositive { get; set; }
[Output("Histogram Negative", PlotType = PlotType.Histogram, LineColor = "FF760002", Thickness = 3)]
public IndicatorDataSeries HistogramNegative { get; set; }
[Output("Mid", LineColor = "Gray", LineStyle = LineStyle.Solid, Thickness = 1)]
public IndicatorDataSeries midlevel { get; set; }
[Output("FastRSI", LineColor = "FF7B5E00", LineStyle = LineStyle.Dots, Thickness = 1)]
public IndicatorDataSeries fastRSIResult { get; set; }
[Output("MA", LineColor = "Red")]
public IndicatorDataSeries MAofRSI { get; set; }
[Output("RSI", LineColor = "Lime", LineStyle = LineStyle.Solid, Thickness = 1)]
public IndicatorDataSeries RSIResult { get; set; }
///////////////////////////////////////////////////////
private MovingAverage _ma;
private RelativeStrengthIndex _rsi, _fastrsi;
private MovingAverage _rsismooth;
private IndicatorDataSeries _histogram;
private DataSeries _ds;
/////////////////////////////////////////////////////// INITIALIZE
protected override void Initialize()
{
_ds = Bars.TypicalPrices;
_rsi = Indicators.RelativeStrengthIndex(_ds, rsiPeriod);
_fastrsi = Indicators.RelativeStrengthIndex(_ds, rsiFastPeriod);
_rsismooth = Indicators.MovingAverage(_rsi.Result, SmoothPeriod, SmoothType);
_ma = Indicators.MovingAverage(_rsi.Result, maPeriod, MAType);
_histogram = CreateDataSeries();
}
/////////////////////////////////////////////////////// CALCULATE
public override void Calculate(int index)
{
// Levels
OS1_level[index] = OS1_value;
OS2_level[index] = OS2_value;
OB1_level[index] = OB1_value;
OB2_level[index] = OB2_value;
midlevel[index] = 0;
// RSI
RSIResult[index] = _rsismooth.Result[index] - 50;
// MA
MAofRSI[index] = _ma.Result[index] - 50;
// fastRSI
fastRSIResult[index] = _fastrsi.Result[index] - 50;
// Histogram
if (HistogramShow)
{
_histogram[index] = _rsismooth.Result[index] - _ma.Result[index];
if (OnAdaptive)
{
if (_histogram[index] > _histogram[index - 1])
HistogramPositive[index] = _histogram[index];
else if (_histogram[index] < _histogram[index - 1])
HistogramNegative[index] = _histogram[index];
}
else
{
if (_histogram[index] > 0)
HistogramPositive[index] = _histogram[index];
else if (_histogram[index] < 0)
HistogramNegative[index] = _histogram[index];
}
}
}
}
}
DO
DontMatter
Joined on 15.11.2019
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: MACD RSI.algo
- Rating: 0
- Installs: 3538
- Modified: 13/10/2021 09:54
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Comments
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HA
hi is this indicator repaint? i think its too good
looks great, lets make some pips :D