//+------------------------------------------------------------------+
//| Inverse Fisher.mq4 |
//| |
//| |
//+------------------------------------------------------------------+
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 Maroon
#property indicator_color2 CornflowerBlue
#property indicator_level1 0.5
#property indicator_level2 -0.5
#property indicator_levelstyle STYLE_DASH
#property indicator_levelcolor Gold
#property indicator_maximum 1
#property indicator_minimum -1
//---- input parameters
extern int RSI_Period=5;
extern int RSI_MA=9;
extern bool SHOW_RSI=false;
//---- buffers
double RSIval[];
double IF[];
double RSI[];
double WMA[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
IndicatorBuffers(4);
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,RSIval);
SetIndexStyle(1,DRAW_LINE);
SetIndexBuffer(1,IF);
SetIndexBuffer(2,RSI);
SetIndexBuffer(3,WMA);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
ObjectDelete("toplevel");
ObjectDelete("botlevel");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
//----
int limit,i;
limit = Bars - counted_bars + 1;
for (i = limit; i>=0; i--)
{
RSI[i] = (iRSI(0,0,RSI_Period,PRICE_CLOSE,i)-50.0)/10.0;
if (SHOW_RSI) RSIval[i] = RSI[i]/5.0;
else RSIval[i]=EMPTY_VALUE;
}
for (i = limit; i>=0; i--)
{
WMA[i] = iMAOnArray(RSI,0,RSI_MA,0,MODE_LWMA,i);
IF[i] = (MathExp(2.0*WMA[i])-1.0) / (MathExp(2.0*WMA[i])+1.0);
}
if (ObjectFind("toplevel")==-1)
{
ObjectCreate("toplevel",OBJ_HLINE,1,1,0.5);
ObjectCreate("botlevel",OBJ_HLINE,1,1,-0.5);
ObjectSet("toplevel",OBJPROP_COLOR,Lime);
ObjectSet("botlevel",OBJPROP_COLOR,Red);
}
//----
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Relative strength index
Moving average indicator
Custom Indicators Used:
Order Management characteristics:
Other Features: