Category Trend  Published on 11/03/2024

EMA sensor

Description

The indicator shows the DIFFERENCE of ema 1 and 2 to show if they ae widening or closing in. if it is 0 they are crossing


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

namespace cAlgo.Indicators
{
    [Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class EMADifferenceIndicator : Indicator
    {
        [Parameter("EMA1 Period", DefaultValue = 12)]
        public int Ema1Period { get; set; }

        [Parameter("EMA2 Period", DefaultValue = 26)]
        public int Ema2Period { get; set; }

        [Parameter("Multiplier", DefaultValue = 1111)]
        public double Multiplier { get; set; }

        [Output("Difference", LineColor = "Blue")]
        public IndicatorDataSeries DifferenceResult { get; set; }

        protected override void Initialize()
        {
            // Calculate EMAs
            var ema1 = Indicators.ExponentialMovingAverage(MarketSeries.Close, Ema1Period);
            var ema2 = Indicators.ExponentialMovingAverage(MarketSeries.Close, Ema2Period);
            
            // Calculate the difference and normalize it between 0 and 1
            for (int i = 0; i < MarketSeries.Close.Count; i++)
            {
                double diff = ema1.Result[i] - ema2.Result[i];
                double normalizedDiff = Math.Abs(diff) / (Symbol.PipSize * Multiplier);
                DifferenceResult[i] = Math.Min(normalizedDiff, 1) * 100;
            }
        }

        public override void Calculate(int index)
        {
            // The calculation is done in the Initialize method, as it doesn't require ongoing calculations.
        }
    }
}


DA
davidmwabuka

Joined on 07.03.2023

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: EMA sensorr.algo
  • Rating: 0
  • Installs: 408
  • Modified: 11/03/2024 10:55
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