Category Oscilators  Published on 13/01/2023

FIR Slope indicator

Description

The indicator result, is calculated from FIR (Finite Impulse Response Filter) indicator and price levels

Use histogram as short term trend and dots (green and red) as open position trigger.

For more information about FIR indicator click here


//this indicator is used as short term trend confirmation

using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;

namespace cAlgo
{
    [Levels(0)]
    [Indicator(IsOverlay = false, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class mFIRslope : Indicator
    {
        [Output("FIR - Finite Impulse Response Filter", IsHistogram =true, LineColor = "Magenta", PlotType = PlotType.Histogram, Thickness = 2)]
        public IndicatorDataSeries outFIRslope { get; set; }
        [Output("OpenLong trigger", LineColor = "Green", PlotType = PlotType.Points, Thickness = 5)]
        public IndicatorDataSeries outLongOpen { get; set; }
        [Output("OpenShort trigger", LineColor = "Red", PlotType = PlotType.Points, Thickness = 5)]
        public IndicatorDataSeries outShortOpen { get; set; }

        private IndicatorDataSeries _price, _fir;


        protected override void Initialize()
        {
            _price = CreateDataSeries();
            _fir = CreateDataSeries();
        }

        public override void Calculate(int i)
        {
            _price[i] = Bars.ClosePrices[i];
            _fir[i] =i>3 ? (_price[i] + 2.0 * _price[i - 1] + 2.0 * _price[i - 2] + _price[i - 3]) / 6.0 : Bars.ClosePrices[i];

            outFIRslope[i] = 0;
            
            if(i>3 && _fir[i] > _fir[i-1] )
                outFIRslope[i] = +0.5;
            if(i>3 && _fir[i] < _fir[i-1] )
                outFIRslope[i] = -0.5;
            if(i>3 && _fir[i] > _fir[i-1] && Bars.ClosePrices[i] > _fir[i])
                outFIRslope[i] = +1.0;
            if(i>3 && _fir[i] < _fir[i-1] && Bars.ClosePrices[i] < _fir[i])
                outFIRslope[i] = -1.0;
                
            outLongOpen[i] = outShortOpen[i] = double.NaN;
            if(i>3 && _fir[i] > _fir[i-1] && Bars.ClosePrices[i] > _fir[i] && Bars.LowPrices[i] < Bars.LowPrices[i-1])
                outLongOpen[i] = +1.0;
            if(i>3 && _fir[i] < _fir[i-1] && Bars.ClosePrices[i] < _fir[i] && Bars.HighPrices[i] > Bars.HighPrices[i-1])
                outShortOpen[i] = -1.0;
        }
    }
}




mfejza's avatar
mfejza

Joined on 25.01.2022

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: mFIRslope.algo
  • Rating: 5
  • Installs: 742
  • Modified: 12/01/2023 22:07
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