Category Trend Published on 03/08/2023

Mean Price Indicator

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Description

The Mean Price indicator displays two levels: the average price of all bars of the current day and the average price of the previous day.

The useful information for trading is to find price zones when the price is above the two levels for long trades and to find price zones when the price is below the two levels for short trades.

This trade strategy is based on analyzing the trade zones using information produced by the indicator.

Source Code

mfejza

Joined on 25.01.2022

Distribution: Free
Language: C#
Trading platform: cTrader Automate
File name: mMeanPrice.algo
Rating: 5
Installs: 558
Modified: 03/08/2023 15:03

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Comments

mfejza · 1 year ago

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

namespace cAlgo
{
    [Indicator(IsOverlay = true, AccessRights = AccessRights.None, TimeZone = TimeZones.UTC)]
    public class mMeanPrice : Indicator
    {
        [Output("Mean", LineColor = "Black", PlotType = PlotType.Points, LineStyle = LineStyle.Solid, Thickness = 1)]
        public IndicatorDataSeries outMean { get; set; }
        [Output("Positive Mean", LineColor = "Green", PlotType = PlotType.Points, LineStyle = LineStyle.Solid, Thickness = 2)]
        public IndicatorDataSeries outMeanPositive { get; set; }
        [Output("Negative Mean", LineColor = "Red", PlotType = PlotType.Points, LineStyle = LineStyle.Solid, Thickness = 2)]
        public IndicatorDataSeries outMeanNegative { get; set; }
        [Output("LastPrice", LineColor = "FF68D0F7", PlotType = PlotType.Points, LineStyle = LineStyle.Dots, Thickness = 4)]
        public IndicatorDataSeries outLastPrice { get; set; }
        
        private Bars _barD1;
        private IndicatorDataSeries _price, _cnt, _lastprice;
        

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

        public override void Calculate(int i)
        {
            _barD1 = MarketData.GetBars(TimeFrame.Daily);
            var iD1 = _barD1.OpenTimes.GetIndexByTime(Bars.OpenTimes[i]);
            DateTimeOffset tradingStartTime = _barD1[iD1].OpenTime;
            var indexStart = Bars.OpenTimes.GetIndexByExactTime(tradingStartTime.DateTime);
            
            _price[i] = i == indexStart ? Bars.ClosePrices[i] : _price[i-1] + Bars.ClosePrices[i];
            _cnt[i] = i == indexStart ? 1 : _cnt[i-1] + 1;
            _lastprice[i] = i>1 && i == indexStart ? _price[i-1] / _cnt[i-1] : i>1 ? _lastprice[i-1] : Bars.ClosePrices[i];
            
            outMean[i] = _price[i] / _cnt[i];
            outLastPrice[i] = _lastprice[i];
            outMeanPositive[i] = Bars.ClosePrices[i] > _price[i] / _cnt[i] ?  _price[i] / _cnt[i] : double.NaN;
            outMeanNegative[i] = Bars.ClosePrices[i] < _price[i] / _cnt[i] ?  _price[i] / _cnt[i] : double.NaN;
        }
    }
}

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