/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| 5 Min RSI cross-over INDICATOR |
//+------------------------------------------------------------------+
#property copyright "Ron Thompson"
#property link "http://www.lightpatch.com"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 White
#property indicator_color2 Red
//---- buffers
double Buffer1[];
double Buffer2[];
extern int RSISlow=4;
extern int RSIFast=7;
extern int RSIType=6;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//|------------------------------------------------------------------|
int init()
{
// 233 up arrow
// 234 down arrow
// 159 big dot
// 158 little dot
// 168 open square
// 120 box with X
SetIndexStyle(0,DRAW_ARROW);
SetIndexBuffer(0, Buffer1);
SetIndexArrow(0,233); //white up
SetIndexStyle(1,DRAW_ARROW);
SetIndexBuffer(1, Buffer2);
SetIndexArrow(1,234); // red down
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
int i;
for( i=0; i<Bars; i++ ) Buffer1[i]=0;
for( i=0; i<Bars; i++ ) Buffer2[i]=0;
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int pos=Bars-100; // leave room for moving average periods
int ctr=0;
double p=Point();
double pRSI4=0, RSI4=0;
double pRSI7=0, RSI7=0;
while(pos>=1)
{
// 2-period moving average on Bar[2]
RSI4=iRSI(Symbol(),0,RSIFast,RSIType,pos+1);
pRSI4=iRSI(Symbol(),0,RSIFast,RSIType,pos+2);
RSI7=iRSI(Symbol(),0,RSISlow,RSIType,pos+1);
pRSI7=iRSI(Symbol(),0,RSISlow,RSIType,pos+2);
// Determine if there was a cross
if(pRSI4<pRSI7 && RSI4>RSI7) {Buffer1[pos]=High[pos]+(2*p);}
if(pRSI4>pRSI7 && RSI4<RSI7) {Buffer2[pos]=Low[pos] -(2*p);}
pos--;
}
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: