Description
Shadow True Strength Index indicator
Use shadow color as trade sentiment; green for Long; red for Short
using System;
using cAlgo.API;
using cAlgo.API.Collections;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
namespace cAlgo
{
[Cloud("ZoneUp", "ZoneDn", FirstColor = "Green", SecondColor = "Red", Opacity = 0.1)]
[Levels(-25.0, 0.0, +25.0)]
[Indicator(AccessRights = AccessRights.None)]
public class mTSIshadow : Indicator
{
[Parameter("Source (close)")]
public DataSeries inpDataSeries { get; set; }
[Parameter("Smooth Fast Periods (7)", DefaultValue = 7)]
public int inpSmoothFastPeriods { get; set; }
[Parameter("Smooth Slow Periods (14)", DefaultValue = 14)]
public int inpSmoothSlowPeriods { get; set; }
[Parameter("Smooth Shadow Period 1 (14)", DefaultValue = 14)]
public int inpSmoothPeriod1 { get; set; }
[Parameter("Smooth Type 1 (sma)", DefaultValue = MovingAverageType.Simple)]
public MovingAverageType inpSmoothType1 { get; set; }
[Parameter("Smooth Shadow Period 2 (14)", DefaultValue = 14)]
public int inpSmoothPeriod2 { get; set; }
[Parameter("Smooth Type 2 (sma)", DefaultValue = MovingAverageType.Simple)]
public MovingAverageType inpSmoothType2 { get; set; }
[Output("TSI", LineColor = "Black", PlotType = PlotType.Line, LineStyle = LineStyle.Solid, Thickness = 1)]
public IndicatorDataSeries outTSI { get; set; }
[Output("Shadow 1", LineColor = "Green", PlotType = PlotType.Line, LineStyle = LineStyle.Solid, Thickness = 1)]
public IndicatorDataSeries outShadow1 { get; set; }
[Output("Shadow 2", LineColor = "Red", PlotType = PlotType.Line, LineStyle = LineStyle.Solid, Thickness = 1)]
public IndicatorDataSeries outShadow2 { get; set; }
[Output("ZoneUp", LineColor = "Transparent")]
public IndicatorDataSeries outZoneUp { get; set; }
[Output("ZoneDn", LineColor = "Transparent")]
public IndicatorDataSeries outZoneDn { get; set; }
private MovingAverage _pr, _sm1udm, _sm2udm, _sm1adm, _sm2adm, _shadow1, _shadow2;
private IndicatorDataSeries _udm, _adm, _tsi;
protected override void Initialize()
{
_pr = Indicators.MovingAverage(inpDataSeries, 1, MovingAverageType.Simple);
_udm = CreateDataSeries();
_adm = CreateDataSeries();
_tsi = CreateDataSeries();
_sm1udm = Indicators.MovingAverage(_udm, inpSmoothFastPeriods, MovingAverageType.Exponential);
_sm2udm = Indicators.MovingAverage(_sm1udm.Result, inpSmoothSlowPeriods, MovingAverageType.Exponential);
_sm1adm = Indicators.MovingAverage(_adm, inpSmoothFastPeriods, MovingAverageType.Exponential);
_sm2adm = Indicators.MovingAverage(_sm1adm.Result, inpSmoothSlowPeriods, MovingAverageType.Exponential);
_shadow1 = Indicators.MovingAverage(_tsi, inpSmoothPeriod1, inpSmoothType1);
_shadow2 = Indicators.MovingAverage(_shadow1.Result, inpSmoothPeriod2, inpSmoothType2);
}
public override void Calculate(int i)
{
_udm[i] = i>1 ? _pr.Result[i] - _pr.Result[i-1] : _pr.Result[i] - Bars.TypicalPrices[i];
_adm[i] = Math.Abs(_udm[i]);
_tsi[i] = (_sm2adm.Result[i] != 0 ? 100 * _sm2udm.Result[i] / _sm2adm.Result[i] : 0);
outTSI[i] = _tsi[i];
outShadow1[i] = _shadow1.Result[i];
outShadow2[i] = _shadow2.Result[i];
outZoneUp[i] = outZoneDn[i] = _tsi[i];
if(_tsi[i] > _shadow1.Result[i] && _tsi[i] > _shadow2.Result[i])
outZoneDn[i] = Math.Max(_shadow1.Result[i], _shadow2.Result[i]);
if(_tsi[i] < _shadow1.Result[i] && _tsi[i] < _shadow2.Result[i])
outZoneDn[i] = Math.Min(_shadow1.Result[i], _shadow2.Result[i]);
}
}
}
mfejza
Joined on 25.01.2022
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: mTSIshadow.algo
- Rating: 5
- Installs: 871
- Modified: 17/01/2023 22:12
Note that publishing copyrighted material is strictly prohibited. If you believe there is copyrighted material in this section, please use the Copyright Infringement Notification form to submit a claim.
Comments
Log in to add a comment.
SE
Nice post!
WE
The market is difficult to predict
VE
Your article was a big help understanding concept.
ZE
Fantastic post; you've pointed up some 2048 really good points. I too think this is a really great website. I'll come back for more high-quality articles and will also tell everyone about this website. Thanks.
Your post has aided in my comprehension of the subject.