//+------------------------------------------------------------------+ //| MTF_ Relative Momentum Index MTF_RMI.mq4 | //| Copyright ? 2006, DaVinciProject | //| fxtsd.com http://www.metaquotes.net | //+------------------------------------------------------------------+ #property copyright "Copyright ? 2006, DaVinciProject" #property link "http://www.metaquotes.net" /************************************************** ********* I want to take this opportunity to thank the following for this indicator 1. DaVinciProject for coming up with the RMI indicator 2. soul_cactus in the Bagovino thread over at Forex Factory for posting this indicator 3. Mladen and fxbs over at Forex-TSD for helping me come out with the MTF Version Below is my Reply to a query why I like to use RMI You can compare RMI and RSI using the same period and you will see that it is much smoother and provides a better trend visual than RSI. Thank you again to all of you Yano125 ************************************************** ********/ #property indicator_separate_window #property indicator_buffers 1 #property indicator_color1 RoyalBlue #property indicator_level3 85 #property indicator_level2 50 #property indicator_level1 15 #property indicator_maximum 100 #property indicator_minimum 0 //---- input parameters extern int TimeFrame=0; extern int RMIPeriod=5; extern int Shift=5; //---- buffers double RMIBuffer[]; //double PosBuffer[]; //double NegBuffer[]; //---- input parameters /************************************************** *********************** PERIOD_M1 1 PERIOD_M5 5 PERIOD_M15 15 PERIOD_M30 30 PERIOD_H1 60 PERIOD_H4 240 PERIOD_D1 1440 PERIOD_W1 10080 PERIOD_MN1 43200 You must use the numeric value of the timeframe that you want to use when you set the TimeFrame' value with the indicator inputs. --------------------------------------- ************************************************** ************************/ //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int init() { //---- indicators string short_name; //---- 2 additional buffers are used for counting. // IndicatorBuffers(3); //// SetIndexBuffer(1,PosBuffer); // SetIndexBuffer(2,NegBuffer); //---- indicator line SetIndexStyle(0,DRAW_LINE); SetIndexBuffer(0,RMIBuffer); SetIndexDrawBegin(0,RMIPeriod); //---- //---- switch(TimeFrame) { case 1 : string TimeFrameStr="Period_M1"; break; case 5 : TimeFrameStr="Period_M5"; break; case 15 : TimeFrameStr="Period_M15"; break; case 30 : TimeFrameStr="Period_M30"; break; case 60 : TimeFrameStr="Period_H1"; break; case 240 : TimeFrameStr="Period_H4"; break; case 1440 : TimeFrameStr="Period_D1"; break; case 10080 : TimeFrameStr="Period_W1"; break; case 43200 : TimeFrameStr="Period_MN1"; break; default : TimeFrameStr="Current Timeframe"; } //---- name for DataWindow and indicator subwindow label short_name="MTF_RMI["+TimeFrameStr+"]("+RMIPeriod+")"; IndicatorShortName(short_name); SetIndexLabel(0,short_name); } //---- return(0); //+------------------------------------------------------------------+ //| Custom indicator deinitialization function | //+------------------------------------------------------------------+ int deinit() { //---- //---- return(0); } //+------------------------------------------------------------------+ //| MTF RMI - Relative Momentum Index | //+------------------------------------------------------------------+ int start() { datetime TimeArray[]; int i,shift,limit,y=0,counted_bars=IndicatorCounted(); // Plot defined timeframe on to current timeframe ArrayCopySeries(TimeArray,MODE_TIME,Symbol(),TimeFrame); limit=Bars-counted_bars+TimeFrame/Period(); for(i=0,y=0;i<limit;i++) { if (Time[i]<TimeArray[y]) y++; /************************************************** ********* Add your main indicator loop below. You can reference an existing indicator with its iName or iCustom. Rule 1: Add extern inputs above for all neccesary values Rule 2: Use 'TimeFrame' for the indicator timeframe Rule 3: Use 'y' for the indicator's shift value ************************************************** ********/ RMIBuffer[i]=iCustom(NULL,TimeFrame,"RMI",RMIPeriod,Shift,0,y) ; } //---- Refresh buffers +++++++++++++++++++++++++ upgrade by Raff if (TimeFrame>Period()) { int PerINT=TimeFrame/Period()+1; datetime TimeArr[]; ArrayResize(TimeArr,PerINT); ArrayCopySeries(TimeArr,MODE_TIME,Symbol(),Period( )); for(i=0;i<PerINT+1;i++) {if (TimeArr[i]>=TimeArray[0]) { /************************************************** ****** Refresh buffers: buffer[i] = buffer[0]; ************************************************** ******/ RMIBuffer[i]= RMIBuffer[0]; } } } //+++++++++++++++++++++++++++++++++++++++++++++ Raff //----- return(0); }
Sample
Analysis
Market Information Used:
Series array that contains open time of each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
RMI
Order Management characteristics:
Other Features: