Description
Comes with source code.
An indicator that monitors two input DataSeries for a crossover.
Designed to be used as a building block in other indicators and cBots.
Inputs:
- Bullish Series: The bullish dataseries source
- Bearish Series: The bearish dataseries source
Outputs:
- Signal: Will be 1 if the bullish and bearish series have crossed within the last bar, zero otherwise.
- SignalEnv: 1 if the bullish series is above the bearish, -1 if the bearish is above the bullish.
- DaysSinceLastSignal: The number of bars since the last crossover of the series.
Can be used (for example) in a moving average crossover: setting 5-day MA as the bullish series, and 10-day MA as the bearish series.
When the 5-day crosses the 10-day the “Signal” output gives a value of 1 (0 otherwise), and resets the “Days Since Last Signal” attribute to zero. The SignalEnv is +1 for bullish (ie the 5-day is above the 10-day), and -1 for bearish (5-day is below the 10-day).
A simple MA-crossover strategy would be to trade in the direction of the SignalEnv every time Signal is 1.
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;
namespace cAlgo
{
[Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class DirectIndiCross : Indicator
{
protected override void Initialize()
{
// *** Requires no access rights ***
// Visit: https://fxtradersystems.com and search for IndiCrossover
}
public override void Calculate(int index)
{
Chart.DrawStaticText("Availiability", "Visit: https://fxtradersystems.com and search for IndiCrossover", VerticalAlignment.Bottom, HorizontalAlignment.Left, Color.LawnGreen);
}
}
}
fxtradersystems
Joined on 10.09.2020
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: DirectIndiCross.algo
- Rating: 0
- Installs: 1124
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