Description
Insync Index, by Norm North, is a consensus indicator. It uses RSI, MACD, MFI, DPO, ROC, Stoch, CCI and %B to calculate a composite signal. Basically, this index shows that when a majority of underlying indicators is in sync, a turning point is near.
There are couple of ways to use this indicator.
- Buy when crossing up 5, sell when crossing down 95.
- Market is typically bullish when index is above 50, bearish when below 50. This can be a great confirmation signal for price action + trend lines .
Also, since this is typical oscillator, look for divergences between price and index.
Levels 75/25 are early warning levels. Note that, index > 75 (and less than 95) should be considered very bullish and index below 25 (but above 5) as very bearish . Levels 95/5 are equivalent to traditional OB/OS levels.
The various values of the underlying components can be tuned via options page. I have also provided an option to color bars based on the index value.
More info: The Insync Index by Norm North, TASC Jan 1995
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;
namespace cAlgo
{
[Levels(25, 75, 5, 95)]
[Cloud("LimitUp1", "LimitDn1", FirstColor = "Red", Opacity = 0.1, SecondColor = "Red")]
[Cloud("LimitUp2", "LimitDn2", FirstColor = "Green", Opacity = 0.1, SecondColor = "Aqua")]
[Indicator(IsOverlay = false, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class mInsync : Indicator
{
[Parameter("Period CCI (14):", DefaultValue = 14)]
public int prmPeriodCCI { get; set; }
[Parameter("Period Bollinger (20):", DefaultValue = 20)]
public int prmPeriodBollinger { get; set; }
[Parameter("Deviation Bollinger (2):", DefaultValue = 2.0)]
public double prmDeviationBollinger { get; set; }
[Parameter("Period RSI (14):", DefaultValue = 14)]
public int prmPeriodRSI { get; set; }
[Parameter("Period Stoch (14):", DefaultValue = 14)]
public int prmPeriodStoch { get; set; }
[Parameter("Period Stoch D (3):", DefaultValue = 3)]
public int prmPeriodStochD { get; set; }
[Parameter("Period Stoch K (1):", DefaultValue = 1)]
public int prmPeriodStochK { get; set; }
[Parameter("Period MFI (14):", DefaultValue = 20)]
public int prmPeriodMFI { get; set; }
[Parameter("Period EOM (10):", DefaultValue = 10)]
public int prmPeriodEOM { get; set; }
[Parameter("Period ROC (10):", DefaultValue = 10)]
public int prmPeriodROC { get; set; }
[Parameter("Period DPO (18):", DefaultValue = 18)]
public int prmPeriodDPO { get; set; }
[Parameter("Period MACD Fast (12):", DefaultValue = 12)]
public int prmPeriodMACDFast { get; set; }
[Parameter("Period MACD Slow (26):", DefaultValue = 26)]
public int prmPeriodMACDSlow { get; set; }
[Parameter("Period MACD Signal (9):", DefaultValue = 9)]
public int prmPeriodMACDSignal { get; set; }
[Output("Main", LineColor = "Black", PlotType = PlotType.Line, LineStyle = LineStyle.Solid, Thickness = 1)]
public IndicatorDataSeries outInSync { get; set; }
[Output("LimitUp1", LineColor = "Transparent", PlotType = PlotType.Line, LineStyle = LineStyle.Solid, Thickness = 1)]
public IndicatorDataSeries LimitUp1 { get; set; }
[Output("LimitDn1", LineColor = "Transparent", PlotType = PlotType.Line, LineStyle = LineStyle.Solid, Thickness = 1)]
public IndicatorDataSeries LimitDn1 { get; set; }
[Output("LimitUp2", LineColor = "Transparent", PlotType = PlotType.Line, LineStyle = LineStyle.Solid, Thickness = 1)]
public IndicatorDataSeries LimitUp2 { get; set; }
[Output("LimitDn2", LineColor = "Transparent", PlotType = PlotType.Line, LineStyle = LineStyle.Solid, Thickness = 1)]
public IndicatorDataSeries LimitDn2 { get; set; }
private CommodityChannelIndex _cci;
private BollingerBands _bb;
private RelativeStrengthIndex _rsi;
private StochasticOscillator _stoc;
private MoneyFlowIndex _mfi;
private EaseOfMovement _eom;
private PriceROC _roc;
private DetrendedPriceOscillator _dpo;
private MacdCrossOver _macd;
private IndicatorDataSeries _cci_res;
private IndicatorDataSeries _bbres;
private IndicatorDataSeries _bb_res;
private IndicatorDataSeries _rsi_res;
private IndicatorDataSeries _stoc_res;
private IndicatorDataSeries _mfi_res;
private IndicatorDataSeries _eom_res;
public IndicatorDataSeries _roc_res;
public IndicatorDataSeries _dpo_res;
public IndicatorDataSeries _macd_res;
protected override void Initialize()
{
_cci = Indicators.CommodityChannelIndex(prmPeriodCCI);
_bb = Indicators.BollingerBands(Bars.ClosePrices, prmPeriodBollinger, prmDeviationBollinger, MovingAverageType.Simple);
_rsi = Indicators.RelativeStrengthIndex(Bars.ClosePrices, prmPeriodRSI);
_stoc = Indicators.StochasticOscillator(prmPeriodStoch, prmPeriodStochD, prmPeriodStochK, MovingAverageType.Simple);
_mfi = Indicators.MoneyFlowIndex(prmPeriodMFI);
_eom = Indicators.EaseOfMovement(prmPeriodEOM, MovingAverageType.Simple);
_roc = Indicators.PriceROC(Bars.ClosePrices, prmPeriodROC);
_dpo = Indicators.DetrendedPriceOscillator(Bars.ClosePrices, 18, MovingAverageType.Simple);
_macd = Indicators.MacdCrossOver(prmPeriodMACDSlow, prmPeriodMACDFast, prmPeriodMACDSignal);
_cci_res = CreateDataSeries();
_bbres = CreateDataSeries();
_bb_res = CreateDataSeries();
_rsi_res = CreateDataSeries();
_stoc_res = CreateDataSeries();
_mfi_res = CreateDataSeries();
_eom_res = CreateDataSeries();
_roc_res = CreateDataSeries();
_dpo_res = CreateDataSeries();
_macd_res = CreateDataSeries();
}
public override void Calculate(int index)
{
if (index < 3)
{
LimitUp1[index] = 95;
LimitDn1[index] = 50;
LimitUp2[index] = 50;
LimitDn2[index] = 5;
outInSync[index] = 50;
return;
}
_cci_res[index] = (_cci.Result[index] > 100.0 ? +5.0 : (_cci.Result[index] < -100.0 ? -5.0 : 0.0));
_bbres[index] = (Bars.ClosePrices[index] - _bb.Bottom[index]) / (_bb.Top[index] - _bb.Bottom[index]);
_bb_res[index] = (_bbres[index] < 0.05 ? -5 : (_bbres[index] > 0.95 ? +5 : 0));
_rsi_res[index] = (_rsi.Result[index] > 70 ? 5 : (_rsi.Result[index] < 30 ? -5 : 0));
_stoc_res[index] = (_stoc.PercentD[index] > 80 ? 5 : (_stoc.PercentD[index] < 20 ? -5 : 0)) + (_stoc.PercentK[index] > 80 ? 5 : (_stoc.PercentK[index] < 20 ? -5 : 0));
_mfi_res[index] = (_mfi.Result[index] > 80 ? 5 : (_mfi.Result[index] < 20 ? -5 : 0));
_eom_res[index] = (_eom.Result[index] > 0 && _eom.Result[index] > _eom.Result[index - 1] ? 5 : (_eom.Result[index] < 0 && _eom.Result[index] < _eom.Result[index - 1] ? -5 : 0));
_roc_res[index] = (_roc.Result[index] > 0 && _roc.Result[index] > _roc.Result[index - 1] ? 5 : (_roc.Result[index] < 0 && _roc.Result[index] < _roc.Result[index - 1] ? -5 : 0));
_dpo_res[index] = (_dpo.Result[index] > 0 && _dpo.Result[index] > _dpo.Result[index - 1] ? 5 : (_dpo.Result[index] < 0 && _dpo.Result[index] < _dpo.Result[index - 1] ? -5 : 0));
_macd_res[index] = (_macd.MACD[index] > 0 && _macd.MACD[index] > _macd.MACD[index - 1] ? 5 : (_macd.MACD[index] < 0 && _macd.MACD[index] < _macd.MACD[index - 1] ? -5 : 0));
outInSync[index] = 50 + _cci_res[index] + _bb_res[index] + _rsi_res[index] + _stoc_res[index] + _mfi_res[index] + _eom_res[index] + _roc_res[index] + _dpo_res[index];
LimitUp1[index] = 95;
LimitDn1[index] = 50;
LimitUp2[index] = 50;
LimitDn2[index] = 5;
}
}
}
mfejza
Joined on 25.01.2022
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: mInsync.algo
- Rating: 5
- Installs: 825
- Modified: 08/09/2022 20:08
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Comments
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The various values of the underlying components can be adjusted via the options page. I've also included the option to color bars based on the index value. basket random