//+-----------------------------------+
//| RSI multi-period voting indicator |
//+-----------------------------------+
#property copyright "Ron Thompson"
#property link "http://www.ForexMT4.com/forex"
// This INDICATOR is NEVER to be SOLD individually
// This INDICATOR is NEVER to be INCLUDED as part of a collection that is SOLD
#property indicator_chart_window
#property indicator_buffers 6
//---- input parameters
extern int numvotes = 20;
extern int votecount = 0;
extern int Day1_Rsi_low = 65;
extern int Day1_Rsi_hi = 35;
extern bool ObjDelete = true;
int uniq=0;
int bartime;
//+------+
//| Init |
//+------+
int init()
{
}
//+------+
//|DeInit|
//+------+
int deinit()
{
if(ObjDelete)ObjectsDeleteAll();
}
//+------+
//|Start |
//+------+
int start()
{
int buy_vote;
int sell_vote;
int voting;
double RSI1=0;
double RSI2=0;
double RSI3=0;
// draw once at open of bar for all previous bars
if(bartime!=Time[0])
{
bartime=Time[0];
for (int i=Bars; i>=0; i--)
{
buy_vote=0;
sell_vote=0;
for(voting=numvotes+1; voting>=2; voting--)
{
RSI1 = iRSI(Symbol(), PERIOD_D1, voting, PRICE_OPEN, i+0);
RSI2 = iRSI(Symbol(), PERIOD_D1, voting, PRICE_OPEN, i+1);
RSI3 = iRSI(Symbol(), PERIOD_D1, voting, PRICE_OPEN, i+2);
if (RSI1 < Day1_Rsi_low && RSI2 < RSI1 && RSI3 < RSI2 )
{
buy_vote++;
}
if (RSI1 > Day1_Rsi_hi && RSI2 > RSI1 && RSI3 > RSI2 )
{
sell_vote++;
}
}//for voting
if ( buy_vote>votecount )
{
ObjectCreate("myx"+DoubleToStr(uniq,0), OBJ_TEXT, 0, Time[i], Open[i] );
ObjectSetText("myx"+DoubleToStr(uniq,0),DoubleToStr(buy_vote,0),15,"Arial",White);
uniq++;
}
if ( sell_vote>votecount )
{
ObjectCreate("myx"+DoubleToStr(uniq,0), OBJ_TEXT, 0, Time[i], Open[i] );
ObjectSetText("myx"+DoubleToStr(uniq,0),DoubleToStr(sell_vote,0),15,"Arial",Red);
uniq++;
}
}//for i
}//if bartime
}//start
Sample
Analysis
Market Information Used:
Series array that contains open time of each bar
Series array that contains open prices of each bar
Indicator Curves created:
Indicators Used:
Relative strength index
Custom Indicators Used:
Order Management characteristics:
Other Features: