3c_JRSX_H
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This script is designed as a high-performance technical analysis tool for trading platforms, specifically intended to provide a smoother and more responsive alternative to the traditional RSI (Relative Strength Index) indicator. While it follows the same fundamental logic as the RSI, it utilizes advanced smoothing algorithms to reduce the "noise" typically found in standard indicators.
Core Functionality
The primary goal of this tool is to measure the momentum of an asset's price movements. It identifies the strength and direction of price trends by comparing recent gains against recent losses. However, unlike basic versions that can be jumpy or erratic, this script applies a sophisticated multi-stage filtering process to ensure the resulting curve is fluid and easier for a human trader to interpret visually.
Key Technical Logic
- Advanced Smoothing: The script uses a series of weighted calculations (represented by internal variables) to process price changes. It essentially "blends" current price data with historical data, ensuring that sudden, minor market fluctuations don't cause unnecessary spikes in the indicator.
- Dual-Stream Processing: The logic monitors two different types of movement simultaneously:
- The direct price change (the raw distance moved).
- The absolute magnitude of those changes (how much it moved, regardless of direction). By analyzing these two streams together, the script can better distinguish between a strong trending move and mere market volatility.
- Dynamic Normalization: The final output is scaled to a standard range. It then centers this data around a zero-line (the equilibrium point), allowing traders to see clearly when an asset is becoming overbought or oversold relative to its recent average.
Visual Representation (Three-Color Logic)
One of the unique features of this script is its "Three Color" coding system. Instead of just showing a single line, it categorizes the momentum into three distinct states based on the direction of the change:
- Upward Momentum: Highlighted to show strengthening buying pressure.
- Downward Momentum: Highlighted to show strengthening selling pressure.
- Neutral/Stationary: Used when the price movement is flat or consolidating, helping the user identify periods of indecision in the market.
Summary for the User
For a non-programmer, you can think of this tool as a "polished" version of a momentum thermometer. It tells you how fast and in what direction the price is moving, but it filters out the "shaking" of the thermometer so you can see the true trend more clearly. The three-color histogram makes it easy to spot at a glance whether the market is pushing up, pulling down, or simply idling.
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3c_JRSX_H
/* Ïî ñâîèì ñâîéñòâàì ýòîò èíäèêàòîð àáñîëþòíî àíàëîãè÷åí êëàññè÷åñêèì
îñöèëÿòîðàì è ê íåìó ïðèìåíèìû àáñîëþòíî òå æå ïðè¸ìû òåõàíàëèçà, ÷òî è
ê RSI. Òîëüêî áëàãîäàðÿ èñïîëüçîâàíèþ áîëåå ñîâåðøåííûõ àëãîðèòìîâ ñãëà-
æèâàíèÿ îí èìååò ìåíüøåå çàïàçäûâàíèå è áîëåå ãëàêóþ ôîðìó êðèâîé.
*/
//+SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS+
//| 3c_JRSX_H.mq4 |
//| JRSX: Copyright © 2005, Weld, Jurik Research |
//| http://weld.torguem.net |
//| MQL4+3color: Copyright © 2005, Nikolay Kositsin |
//| Khabarovsk, violet@mail.kht.ru |
//+SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS+
#property copyright "Copyright © 2005, Weld, Jurik Research"
#property link " http://weld.torguem.net"
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 Blue
#property indicator_color2 Magenta
#property indicator_color3 Gray
#property indicator_level1 0.5
#property indicator_level2 -0.5
#property indicator_level3 0.0
#property indicator_maximum 1
#property indicator_minimum -1
//---- input parameters
extern int Lengh = 19;
extern int CountBars = 5000;
//---- buffers
double JRSX_Up [];
double JRSX_Down[];
double JRSX_St [];
//----
int shift,r,w,k,counted_bars,T0,T1,Tnew;
//----
double v4,v8,v10,v14,v18,v20,v0C,v1C,v8A,minuse;
double F28,F30,F38,F40,F48,F50,F58,F60,F68,F70,F78,F80,JRSX;
double f0,f28,f30,f38,f40,f48,f50,f58,f60,f68,f70,f78,f80,Kg,Hg;
//+SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS+
//| Custom indicator initialization function |
//+SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS+
int init()
{
//---- indicators
SetIndexStyle(0,DRAW_HISTOGRAM, STYLE_SOLID);
SetIndexStyle(1,DRAW_HISTOGRAM, STYLE_SOLID);
SetIndexStyle(2,DRAW_HISTOGRAM, STYLE_SOLID);
//----
SetIndexBuffer(0,JRSX_Up);
SetIndexBuffer(1,JRSX_Down);
SetIndexBuffer(2,JRSX_St);
//----
IndicatorShortName("RSX("+Lengh+")");
//----
SetIndexDrawBegin(0,Bars-CountBars);
SetIndexDrawBegin(1,Bars-CountBars);
SetIndexDrawBegin(2,Bars-CountBars);
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS));
//----
if (Lengh-1>=5) w=Lengh-1; else w=5; Kg=3/(Lengh+2.0); Hg=1.0-Kg;
//----
return(0);
}
//+SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS+
//| Custom indicator initialization function |
//+SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS+
int start()
{
counted_bars=IndicatorCounted();
if (counted_bars<0) return(-1);
if (counted_bars>Lengh) shift=Bars-counted_bars-1;
else shift=Bars-Lengh-1;
Tnew=Time[shift+1];
//+--- âîññòàíîâëåíèå ïåðåìåííûõ +=====================+
if((Tnew!=T0)&&(shift<Bars-Lengh-1))
{
if (Tnew==T1)
{
f28=F28; f30=F30; f38=F38; f40=F40; f48=F48; f50=F50;
f58=F58; f60=F60; f68=F68; f70=F70; f78=F78; f80=F80;
} else return(-1);
}
//+--- +===============================================+
if (Lengh-1>=5)w=Lengh-1;else w=5; Kg=3/(Lengh+2.0); Hg=1.0-Kg;
while (shift>=0)
{
//+-------------------+
if (r==0){r=1; k=0;}
else
{
//++++++++++++++++++++
if (r>=w) r=w+1; else r=r+1;
v8 = Close[shift]-Close[shift+1]; v8A=MathAbs(v8);
//---- âû÷èñëåíèå V14 ------
f28 = Hg * f28 + Kg * v8;
f30 = Kg * f28 + Hg * f30;
v0C = 1.5 * f28 - 0.5 * f30;
f38 = Hg * f38 + Kg * v0C;
f40 = Kg * f38 + Hg * f40;
v10 = 1.5 * f38 - 0.5 * f40;
f48 = Hg * f48 + Kg * v10;
f50 = Kg * f48 + Hg * f50;
v14 = 1.5 * f48 - 0.5 * f50;
//---- âû÷èñëåíèå V20 ------
f58 = Hg * f58 + Kg * v8A;
f60 = Kg * f58 + Hg * f60;
v18 = 1.5 * f58 - 0.5 * f60;
f68 = Hg * f68 + Kg * v18;
f70 = Kg * f68 + Hg * f70;
v1C = 1.5 * f68 - 0.5 * f70;
f78 = Hg * f78 + Kg * v1C;
f80 = Kg * f78 + Hg * f80;
v20 = 1.5 * f78 - 0.5 * f80;
//-------wwwwwwwwww---------
if ((r <= w) && (v8!= 0)) k = 1;
if ((r == w) && (k == 0)) r = 0;
}//++++++++++++++++++++
if ((r>w)&&(v20>0.0000000001)){v4=(v14/v20+1.0)*50.0;if(v4>100.0)v4=100.0;if(v4<0.0)v4=0.0;}else v4=50.0;
JRSX=(v4/50)-1;
//+--- Ñîõðàíåíèå ïåðåìåííûõ +========================+
if (shift==1)
{
T1=Time[1];T0=Time[0];
F28=f28; F30=f30; F38=f38; F40=f40; F48=f48; F50=f50;
F58=f58; F60=f60; F68=f68; F70=f70; F78=f78; F80=f80;
}
//+---+===============================================+
//---- +SSSSSSSSSSSSSSSSSSS Three Colour code +SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS+
minuse = JRSX - JRSX_Up[shift+1]-JRSX_Down[shift+1]-JRSX_St[shift+1];
JRSX_Up[shift]=0.0;JRSX_Down[shift]=0.0;JRSX_St[shift]=0.0;
if (minuse>0.0)JRSX_Up[shift]=JRSX;else{if (minuse<0.0)JRSX_Down[shift]=JRSX;else JRSX_St[shift]=JRSX;}
//---- +SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS+
shift--;
}
//+-------------------+
return(0);
}
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