Description
Another sentiment confirmation indicator, using price spread and volume.
using System;
using cAlgo.API;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
namespace cAlgo
{
[Levels(0)]
[Indicator(AccessRights = AccessRights.None)]
public class mVolumeSpreadPressure : Indicator
{
[Parameter("Volume Smooth Period (5)", DefaultValue = 5)]
public int inpPeriodVolumeSmooth { get; set; }
[Output("Volume Spread Pressure", LineColor = "Gray", PlotType = PlotType.Line, LineStyle = LineStyle.Solid, Thickness = 1)]
public IndicatorDataSeries outVSP { get; set; }
[Output("Strong Bullish", PlotType = PlotType.Histogram, LineColor = "ForestGreen", Thickness = 3)]
public IndicatorDataSeries outStrongBullish { get; set; }
[Output("Weak Bullish", PlotType = PlotType.Histogram, LineColor = "LawnGreen", Thickness = 3)]
public IndicatorDataSeries outWeakBullish { get; set; }
[Output("Strong Bearish", PlotType = PlotType.Histogram, LineColor = "Red", Thickness = 3)]
public IndicatorDataSeries outStrongBearish { get; set; }
[Output("Weak Bearish", PlotType = PlotType.Histogram, LineColor = "DarkSalmon", Thickness = 3)]
public IndicatorDataSeries outWeakBearish { get; set; }
private IndicatorDataSeries _delta;
private MovingAverage _volavg;
protected override void Initialize()
{
_delta = CreateDataSeries();
_volavg = Indicators.MovingAverage(Bars.TickVolumes, inpPeriodVolumeSmooth, MovingAverageType.Simple);
}
public override void Calculate(int i)
{
_delta[i] = Bars.ClosePrices[i] - Bars.ClosePrices[i-1];
outStrongBullish[i] = _delta[i] > 0 && _volavg.Result[i] > _volavg.Result[i-1] ? _delta[i] : 0;
outWeakBullish[i] = _delta[i] > 0 && _volavg.Result[i] < _volavg.Result[i-1] ? _delta[i] : 0;
outStrongBearish[i] = _delta[i] < 0 && _volavg.Result[i] > _volavg.Result[i-1] ? _delta[i] : 0;
outWeakBearish[i] = _delta[i] < 0 && _volavg.Result[i] < _volavg.Result[i-1] ? _delta[i] : 0;
outVSP[i] = _delta[i];
}
}
}
mfejza
Joined on 25.01.2022
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: mVolumeSpreadPressure.algo
- Rating: 5
- Installs: 790
- Modified: 24/03/2023 12:00
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