//+------------------------------------------------------------------+
//| RSI SelfAdjustRSI v1.0[FX5](mtf).mq4 |
//| FX5 |
//| hazem@uk2.net |
//+------------------------------------------------------------------+
//mod2007ForexTSD mtf mladen f-la ki
//mod2008fxtsd
#property copyright "FX5"
#property link "hazem@uk2.net"
//----
#property indicator_separate_window
#property indicator_minimum 1
#property indicator_maximum 100
#property indicator_buffers 3
#property indicator_level1 20
#property indicator_level2 30
#property indicator_level3 50
#property indicator_level4 70
#property indicator_level5 80
#property indicator_levelcolor DarkSlateGray
//---- input parameters
extern int rsiPeriod = 14;
extern double diviation = 2;
extern bool MA_Method = true;
extern color rsiColor = LimeGreen;
extern color overBoughtColor = Blue;
extern color overSoldColor = Red;
extern string ____ = "_____";
extern int timeFrame = 0;
extern string note_timeFrames = "M1;5,15,30,60H1;240H4;1440D1;10080W1;43200MN|0-currenttf";
extern string note_MA_Method = "MA_Method/StandardDeviationMethod";
string IndicatorFileName;
//---- buffers
double rsi[];
double upperBorder[];
double lowerBorder[];
double absDiviation[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
IndicatorBuffers(4);
SetIndexStyle(0, DRAW_LINE, EMPTY, EMPTY, rsiColor);
SetIndexStyle(1, DRAW_LINE, EMPTY, EMPTY, overBoughtColor);
SetIndexStyle(2, DRAW_LINE, EMPTY, EMPTY, overSoldColor);
//----
SetIndexBuffer(0, rsi);
SetIndexBuffer(1, upperBorder);
SetIndexBuffer(2, lowerBorder);
SetIndexBuffer(3, absDiviation);
//----
SetIndexDrawBegin(0, rsiPeriod);
SetIndexDrawBegin(1, rsiPeriod * 2);
SetIndexDrawBegin(2, rsiPeriod * 2);
//----
SetIndexLabel(0, "RSI");
SetIndexLabel(1, "OverBought");
SetIndexLabel(2, "OverSold");
//----
switch(timeFrame)
{
case 1: string TimeFrameStr = "M1"; break;
case 5 : TimeFrameStr = "M5"; break;
case 15 : TimeFrameStr = "M15"; break;
case 30 : TimeFrameStr = "M30"; break;
case 60 : TimeFrameStr = "H1"; break;
case 240 : TimeFrameStr = "H4"; break;
case 1440 : TimeFrameStr = "D1"; break;
case 10080 : TimeFrameStr = "W1"; break;
case 43200 : TimeFrameStr = "MN1"; break;
default : TimeFrameStr = "TF0";
}
IndicatorShortName("SelfAdjustRSI (" + rsiPeriod + ") [" + TimeFrameStr + "]");
IndicatorFileName = WindowExpertName();
if (timeFrame < Period()) timeFrame = Period();
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
//
int limit1,i1;
int counted_bars1 = IndicatorCounted();
if(counted_bars1 < 0) return(-1);
limit1 = Bars-counted_bars1;
//
//
// MTF mode operating
//
//
if (timeFrame != Period())
{
limit1 = MathMax(limit1,timeFrame/Period());
datetime TimeArray[];
ArrayCopySeries(TimeArray ,MODE_TIME ,NULL,timeFrame);
//
//
//
//
//
for(i1=0,int y=0; i1<limit1; i1++)
{
if(Time[i1]<TimeArray[y]) y++;
rsi[i1] = iCustom(NULL,timeFrame,IndicatorFileName,rsiPeriod,diviation,MA_Method,0,y);
upperBorder[i1] = iCustom(NULL,timeFrame,IndicatorFileName,rsiPeriod,diviation,MA_Method,1,y);
lowerBorder[i1] = iCustom(NULL,timeFrame,IndicatorFileName,rsiPeriod,diviation,MA_Method,2,y);
}
return(0);
}
//
//
//
//
//
//----
int countedBars = IndicatorCounted();
if(MA_Method == true)
MovingAverageMethod(countedBars);
else
StandardDeviationMethod(countedBars);
//----
return(0);
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
void MovingAverageMethod(int countedBars)
{
if(countedBars < 0)
countedBars = 0;
//----
for(int i = Bars - countedBars; i >= 0; i--)
{
rsi[i] = iRSI(NULL, 0, rsiPeriod, PRICE_CLOSE, i);
double smoothedRSI = GetSmoothedRSI(i);
absDiviation[i] = MathAbs(rsi[i] - smoothedRSI);
double kDiviation = diviation * GetAbsDiviationAverage(i);
upperBorder[i] = 50 + kDiviation;
lowerBorder[i] = 50 - kDiviation;
}
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
void StandardDeviationMethod(int countedBars)
{
if(countedBars < 0)
countedBars = 0;
//----
for(int i = Bars - countedBars; i >= 0; i--)
{
rsi[i] = iRSI(NULL, 0, rsiPeriod, PRICE_CLOSE, i);
double rsiDiviation = iStdDevOnArray(rsi, 0, rsiPeriod, 0,
MODE_SMA, i);
double kDiviation = diviation * rsiDiviation;
upperBorder[i] = 50 + kDiviation;
lowerBorder[i] = 50 - kDiviation;
}
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
double GetSmoothedRSI(int shift)
{
double sum = 0;
for(int i = shift; i < shift + rsiPeriod; i++)
{
sum += rsi[i];
}
return(sum / rsiPeriod);
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
double GetAbsDiviationAverage(int shift)
{
double sum = 0;
for(int i = shift; i < shift + rsiPeriod; i++)
{
sum += absDiviation[i];
}
return(sum / rsiPeriod);
}
//+------------------------------------------------------------------+
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:
Relative strength index
Standard Deviation indicator
Custom Indicators Used:
IndicatorFileName
Order Management characteristics:
Other Features: