This technical indicator is designed to provide traders with a smoothed, calculated line on their price charts. It functions by analyzing a specific sequence of historical data to determine its current value, providing a visual representation of market trends.
Core Logic and Methodology
The script operates using a weighted calculation method. Instead of simply looking at the most recent price or a simple average, it examines a specific window of the last 99 price points (bars). Each of these historical prices is assigned a unique mathematical weight—some are positive, some are negative, and they vary in magnitude across the sequence.
How It Works
- Data Collection: The script looks back at exactly 99 previous closing prices.
- Weight Application: Each price point is multiplied by a specific coefficient (a unique multiplier). These multipliers are carefully structured to create a curve that reacts to price movements in a specific way.
- Summation: All the weighted values are added together to produce a single final result for each point on the chart.
- Visual Output: This final result is then plotted as a continuous line (colored in Dark Violet) on the trading platform.
Key Characteristics
- Historical Depth: Because it relies on 99 data points, the indicator is designed to capture broader price movements rather than reacting instantly to "noise" or minor fluctuations.
- Complex Smoothing: The mix of positive and negative coefficients suggests a sophisticated smoothing algorithm. This helps in identifying underlying trends by balancing out recent volatility against older price behavior.
- Delayed Initialization: The script requires a minimum amount of historical data (98 bars) to be present on the chart before it begins displaying information, ensuring that the mathematical calculation has enough "room" to operate accurately from the very first point.
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RSTL
//+------------------------------------------------------------------+
//| RSTL.mq4
//|
//+------------------------------------------------------------------+
#property copyright "Copyright 2002, Finware.ru Ltd."
#property link "http://www.finware.ru/"
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_color1 DarkViolet
//---- buffers
double RSTLBuffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,RSTLBuffer);
SetIndexDrawBegin(0,98);
//----
return(0);
}
//+------------------------------------------------------------------+
//| RSTL |
//+------------------------------------------------------------------+
int start()
{
int i,counted_bars=IndicatorCounted();
//----
if(Bars<=98) return(0);
//---- initial zero
if(counted_bars<98)
for(i=1;i<=0;i++) RSTLBuffer[Bars-i]=0.0;
//----
i=Bars-98-1;
if(counted_bars>=98) i=Bars-counted_bars-1;
while(i>=0)
{
RSTLBuffer[i]=
-0.00514293*Close[i+0]
-0.00398417*Close[i+1]
-0.00262594*Close[i+2]
-0.00107121*Close[i+3]
+0.00066887*Close[i+4]
+0.00258172*Close[i+5]
+0.00465269*Close[i+6]
+0.00686394*Close[i+7]
+0.00919334*Close[i+8]
+0.01161720*Close[i+9]
+0.01411056*Close[i+10]
+0.01664635*Close[i+11]
+0.01919533*Close[i+12]
+0.02172747*Close[i+13]
+0.02421320*Close[i+14]
+0.02662203*Close[i+15]
+0.02892446*Close[i+16]
+0.03109071*Close[i+17]
+0.03309496*Close[i+18]
+0.03490921*Close[i+19]
+0.03651145*Close[i+20]
+0.03788045*Close[i+21]
+0.03899804*Close[i+22]
+0.03984915*Close[i+23]
+0.04042329*Close[i+24]
+0.04071263*Close[i+25]
+0.04071263*Close[i+26]
+0.04042329*Close[i+27]
+0.03984915*Close[i+28]
+0.03899804*Close[i+29]
+0.03788045*Close[i+30]
+0.03651145*Close[i+31]
+0.03490921*Close[i+32]
+0.03309496*Close[i+33]
+0.03109071*Close[i+34]
+0.02892446*Close[i+35]
+0.02662203*Close[i+36]
+0.02421320*Close[i+37]
+0.02172747*Close[i+38]
+0.01919533*Close[i+39]
+0.01664635*Close[i+40]
+0.01411056*Close[i+41]
+0.01161720*Close[i+42]
+0.00919334*Close[i+43]
+0.00686394*Close[i+44]
+0.00465269*Close[i+45]
+0.00258172*Close[i+46]
+0.00066887*Close[i+47]
-0.00107121*Close[i+48]
-0.00262594*Close[i+49]
-0.00398417*Close[i+50]
-0.00514293*Close[i+51]
-0.00609634*Close[i+52]
-0.00684602*Close[i+53]
-0.00739452*Close[i+54]
-0.00774847*Close[i+55]
-0.00791630*Close[i+56]
-0.00790940*Close[i+57]
-0.00774085*Close[i+58]
-0.00742482*Close[i+59]
-0.00697718*Close[i+60]
-0.00641613*Close[i+61]
-0.00576108*Close[i+62]
-0.00502957*Close[i+63]
-0.00423873*Close[i+64]
-0.00340812*Close[i+65]
-0.00255923*Close[i+66]
-0.00170217*Close[i+67]
-0.00085902*Close[i+68]
-0.00004113*Close[i+69]
+0.00073700*Close[i+70]
+0.00146422*Close[i+71]
+0.00213007*Close[i+72]
+0.00272649*Close[i+73]
+0.00324752*Close[i+74]
+0.00368922*Close[i+75]
+0.00405000*Close[i+76]
+0.00433024*Close[i+77]
+0.00453068*Close[i+78]
+0.00465046*Close[i+79]
+0.00469058*Close[i+80]
+0.00466041*Close[i+81]
+0.00457855*Close[i+82]
+0.00442491*Close[i+83]
+0.00423019*Close[i+84]
+0.00399201*Close[i+85]
+0.00372169*Close[i+86]
+0.00342736*Close[i+87]
+0.00311822*Close[i+88]
+0.00280309*Close[i+89]
+0.00249088*Close[i+90]
+0.00219089*Close[i+91]
+0.00191283*Close[i+92]
+0.00166683*Close[i+93]
+0.00146419*Close[i+94]
+0.00131867*Close[i+95]
+0.00124645*Close[i+96]
+0.00126836*Close[i+97]
-0.00401854*Close[i+98];
i--;
}
return(0);
}
//+------------------------------------------------------------------+
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