//+------------------------------------------------------------------+
//| TRSI |
//| Copyright © 2007, Robert Hill |
//| http://www.metaquotes.net/ |
//| |
//| This is the formula from Mario:
//|
//| 1) RSI 14 period of close. Plot this as the gray line
//|
//| 2) 3-period exponential moving average of #1 above.
//|
//| 3) 3-period exponential moving average of #2 above.
//|
//| 4) 3-period exponential moving average of #3 above.
//| Plot this as the blue line.
//|
//| 5) 5-period simple moving average of #4 above
//| displaced 3 bars to the right.
//| Plot this as the red line.
//| |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Robert Hill "
#property link "http://www.metaquotes.net/"
//---- indicator settings
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 Gray
#property indicator_color2 Blue
#property indicator_color3 Red
#property indicator_width1 1
#property indicator_width2 1
#property indicator_width3 1
extern int RSI_Period = 14;
//---- buffers
double RSI[];
double EmaOfRSI[];
double EmaOfEmaOfRSI[];
double EmaOfEmaOfEmaOfRSI[];
double TRSI[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- drawing settings
IndicatorBuffers(5);
SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_LINE);
SetIndexStyle(2,DRAW_LINE);
SetIndexDrawBegin(0,RSI_Period);
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS)+2);
//---- 3 indicator buffers mapping
if(!SetIndexBuffer(0,RSI) &&
!SetIndexBuffer(1,EmaOfEmaOfEmaOfRSI) &&
!SetIndexBuffer(2,TRSI)
!SetIndexBuffer(3,EmaOfRSI)
!SetIndexBuffer(4,EmaOfEmaOfRSI))
Print("cannot set indicator buffers!");
//---- name for DataWindow and indicator subwindow label
SetIndexLabel(0,"RSI");
SetIndexLabel(1,"TripleEmaOfRSI");
SetIndexLabel(2,"TRSI");
IndicatorShortName("TRSI("+RSI_Period+")");
//---- initialization done
return(0);
}
int start()
{
int i, limit;
int counted_bars=IndicatorCounted();
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars - RSI_Period;
// 1) RSI 14 period of close. Plot this as the gray line
for(i = limit; i >= 0; i--)
RSI[i] = iRSI(NULL,0,RSI_Period,PRICE_CLOSE,i);
// 2) 3-period exponential moving average of #1 above.
for(i = limit; i >=0; i--)
EmaOfRSI[i] = iMAOnArray(RSI,Bars,3,0,MODE_EMA,i);
// 3) 3-period exponential moving average of #2 above.
for(i = limit; i >=0; i--)
EmaOfEmaOfRSI[i] = iMAOnArray(EmaOfRSI,Bars,3,0,MODE_EMA,i);
// 4) 3-period exponential moving average of #3 above.
for(i = limit; i >=0; i--)
EmaOfEmaOfEmaOfRSI[i] = iMAOnArray(EmaOfEmaOfRSI,Bars,3,0,MODE_EMA,i);
//========== COLOR CODING ===========================================
// 5) 5-period simple moving average of #4 above
// displaced 3 bars to the right.
for(i = limit; i >=0; i--)
{
TRSI[i] = iMAOnArray(EmaOfEmaOfEmaOfRSI,Bars,5,3,MODE_SMA,i);
}
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: