Category Oscilators Published on 02/08/2023

Price Polarity of Positive&Negative Volume Index

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Description

"Price Polarity of Positive & Negative Volume Index" is a custom indicator. In general, this indicator smooths price polarity for bullish and bearish sentiment, using the positive volume with price confluence into negative volume size.

In other words, when the indicator value is above the zero level, the bar sentiment is bullish. Likewise, when the indicator value is below the zero level, the bar sentiment is bearish.

In another way, this custom indicator is a synthetic price smoothing method using volume.

This indicator is developed based on my mentor Iba's documentation.

Source Code

mfejza

Joined on 25.01.2022

Distribution: Free
Language: C#
Trading platform: cTrader Automate
File name: mPNVIpol.algo
Rating: 5
Installs: 366

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Comments

mfejza · 11 months ago

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

namespace cAlgo
{
    [Levels(0)]
    [Indicator(IsOverlay = false, AccessRights = AccessRights.None)]
    public class mPNVIpol : Indicator
    {
        [Parameter("Period (5)", DefaultValue = 5)]
        public int inpPeriod { get; set; }

        [Output("Close", LineColor = "Black", PlotType = PlotType.Line, Thickness = 1)]
        public IndicatorDataSeries outPolarity { get; set; }
        
        private PositiveVolumeIndex _pvi;
        private NegativeVolumeIndex _nvi;
        private IndicatorDataSeries _result, _pos, _neg;
        

        protected override void Initialize()
        {
            _pvi = Indicators.PositiveVolumeIndex(Bars.ClosePrices);
            _nvi = Indicators.NegativeVolumeIndex(Bars.ClosePrices);
            _result = CreateDataSeries();
            _pos = CreateDataSeries();
            _neg = CreateDataSeries();
        }

        public override void Calculate(int i)
        {
            _result[i] = i>1 && _pvi.Result[i] >= _pvi.Result[i-1] 
                        ? Bars.LowPrices.Minimum(inpPeriod) - (Bars.HighPrices[i] - Bars.LowPrices[i])
                        : Bars.HighPrices.Maximum(inpPeriod) + (Bars.HighPrices[i] - Bars.LowPrices[i]);
                        
            _pos[i] = i>1 && _nvi.Result[i] >= _nvi.Result[i-1] 
                        ? Bars.LowPrices.Minimum(inpPeriod) - (Bars.HighPrices[i] - Bars.LowPrices[i])
                        : Bars.HighPrices.Maximum(inpPeriod) + (Bars.HighPrices[i] - Bars.LowPrices[i]);
                        
            _neg[i] = i>1 && _nvi.Result[i] >= _nvi.Result[i-1] 
                        ? Bars.HighPrices.Maximum(inpPeriod) + (Bars.HighPrices[i] - Bars.LowPrices[i])
                        : Bars.LowPrices.Minimum(inpPeriod) - (Bars.HighPrices[i] - Bars.LowPrices[i]);
                        
            outPolarity[i] = 
                          Bars.ClosePrices[i] > _result[i] && Bars.ClosePrices[i] > _pos[i] ? +1
                        : Bars.ClosePrices[i] < _result[i] && Bars.ClosePrices[i] < _neg[i] ? -1
                        : 0;
        }
    }
}

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