/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| 5 Min RSI 12-period qual INDICATOR |
//+------------------------------------------------------------------+
#property copyright "Ron T"
#property link "http://www.lightpatch.com"
#property indicator_chart_window
#property indicator_buffers 8
#property indicator_color1 Red
#property indicator_color2 HotPink
#property indicator_color3 LightPink
#property indicator_color4 MistyRose
#property indicator_color5 White
#property indicator_color6 LightGray
#property indicator_color7 LightSlateGray
#property indicator_color8 DarkGray
//---- buffers
double ExtMapBuffer1[];
double ExtMapBuffer2[];
double ExtMapBuffer3[];
double ExtMapBuffer4[];
double ExtMapBuffer5[];
double ExtMapBuffer6[];
double ExtMapBuffer7[];
double ExtMapBuffer8[];
// User Input
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//|------------------------------------------------------------------|
int init()
{
// 233 up arrow
// 234 down arrow
// 159 big dot
// 168 open square
SetIndexStyle(0,DRAW_ARROW);
SetIndexBuffer(0, ExtMapBuffer1);
SetIndexArrow(0,159); //up
SetIndexStyle(1,DRAW_ARROW);
SetIndexBuffer(1, ExtMapBuffer2);
SetIndexArrow(1,159); //down
SetIndexStyle(2,DRAW_ARROW);
SetIndexBuffer(2, ExtMapBuffer3);
SetIndexArrow(2,159);
SetIndexStyle(3,DRAW_ARROW);
SetIndexBuffer(3, ExtMapBuffer4);
SetIndexArrow(3,159);
SetIndexStyle(4,DRAW_ARROW);
SetIndexBuffer(4, ExtMapBuffer5);
SetIndexArrow(4,159);
SetIndexStyle(5,DRAW_ARROW);
SetIndexBuffer(5, ExtMapBuffer6);
SetIndexArrow(5,159);
SetIndexStyle(6,DRAW_ARROW);
SetIndexBuffer(6, ExtMapBuffer7);
SetIndexArrow(6,159);
SetIndexStyle(7,DRAW_ARROW);
SetIndexBuffer(7, ExtMapBuffer8);
SetIndexArrow(7,159);
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
int i;
for( i=0; i<Bars; i++ ) ExtMapBuffer1[i]=0;
for( i=0; i<Bars; i++ ) ExtMapBuffer2[i]=0;
for( i=0; i<Bars; i++ ) ExtMapBuffer3[i]=0;
for( i=0; i<Bars; i++ ) ExtMapBuffer4[i]=0;
for( i=0; i<Bars; i++ ) ExtMapBuffer5[i]=0;
for( i=0; i<Bars; i++ ) ExtMapBuffer6[i]=0;
for( i=0; i<Bars; i++ ) ExtMapBuffer7[i]=0;
for( i=0; i<Bars; i++ ) ExtMapBuffer8[i]=0;
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
// Current position if 55/45 or over/under. Does any of
// the previous 'qual' period ever fall below55/above45? (last11)
//
// If qual*2 periods have been above55/below45
// then lets not try to transact any more (last22)
int start()
{
int pos=Bars-100; // leave room for moving average periods
double rsic=0; // Relative Strength Indicator
double rsip=0; // Relative Strength Indicator
int above=0; // above 50 counter
int below=0; // below 50 counter
while(pos>=0)
{
rsic=iRSI(Symbol(),0,28,PRICE_CLOSE,pos);
rsip=iRSI(Symbol(),0,28,PRICE_CLOSE,pos+1);
if (rsic>50 && rsip<50) //rising RSI
{
above=0;
below=0;
}
if (rsic<50 && rsip>50) //falling RSI
{
above=0;
below=0;
}
if (rsic>50) above++; // count periods above 50
if (rsic<50) below++; // count periods below 50
if (above >= 40)
{
ExtMapBuffer1[pos]=High[pos];
ExtMapBuffer2[pos]=0;
ExtMapBuffer3[pos]=0;
ExtMapBuffer4[pos]=0;
}
if (above>=30 && above<=39 )
{
ExtMapBuffer1[pos]=0;
ExtMapBuffer2[pos]=High[pos];
ExtMapBuffer3[pos]=0;
ExtMapBuffer4[pos]=0;
}
if (above>=20 && above<=29 )
{
ExtMapBuffer1[pos]=0;
ExtMapBuffer2[pos]=0;
ExtMapBuffer3[pos]=High[pos];
ExtMapBuffer4[pos]=0;
}
if (above>=10 && above<=19 )
{
ExtMapBuffer1[pos]=0;
ExtMapBuffer2[pos]=0;
ExtMapBuffer3[pos]=0;
ExtMapBuffer4[pos]=High[pos];
}
if (below >= 40)
{
ExtMapBuffer5[pos]=Low[pos];
ExtMapBuffer6[pos]=0;
ExtMapBuffer7[pos]=0;
ExtMapBuffer8[pos]=0;
}
if (below>=30 && below<=39 )
{
ExtMapBuffer5[pos]=0;
ExtMapBuffer6[pos]=Low[pos];
ExtMapBuffer7[pos]=0;
ExtMapBuffer8[pos]=0;
}
if (below>=20 && below<=29 )
{
ExtMapBuffer5[pos]=0;
ExtMapBuffer6[pos]=0;
ExtMapBuffer7[pos]=Low[pos];
ExtMapBuffer8[pos]=0;
}
if (below>=10 && below<=19 )
{
ExtMapBuffer5[pos]=0;
ExtMapBuffer6[pos]=0;
ExtMapBuffer7[pos]=0;
ExtMapBuffer8[pos]=Low[pos];
}
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: