//+------------------------------------------------------------------+
//| RSIArrows.mq4 |
//+------------------------------------------------------------------+
#property copyright ""
#property link ""
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_color2 Red
extern double Over.Sold=30.0;
extern double Over.Bought=70.0;
extern int RSI.Period=14;
extern bool Show.Forming.Bar=true;
double CrossUp[];
double CrossDown[];
double Offset=0.003;
int Start.Value=1;
//+------------------------------------------------------------------+
int init()
{
SetIndexStyle(0, DRAW_ARROW, EMPTY); //Set up buffers for Up & Down Arrows
SetIndexArrow(0, 233);
SetIndexBuffer(0, CrossUp);
SetIndexStyle(1, DRAW_ARROW, EMPTY);
SetIndexArrow(1, 234);
SetIndexBuffer(1, CrossDown);
if(Digits==2) Offset=0.3; //For the JPY's
if(Show.Forming.Bar) Start.Value=0; //Show if OverSold or OverBought on forming bar even if
return(0); //it may change before the bar is closed.
}
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
double cRSI=0;
for(int i=Start.Value;i<Bars-counted_bars;i++)
{
cRSI=iRSI(NULL,0,14,PRICE_CLOSE,i);
if (cRSI>Over.Bought) CrossDown[i] = High[i]+Offset;
if(cRSI<Over.Sold) CrossUp[i] = Low[i]-Offset;
}
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains the highest prices of each bar
Series array that contains the lowest prices of each bar
Indicator Curves created:
Implements a curve of type DRAW_ARROW
Indicators Used:
Relative strength index
Custom Indicators Used:
Order Management characteristics:
Other Features: