Description
RSI Concept Combining 3 Stochastics:
High Line Color Code:
Yellow = The highest upward trend, and when it fades, a potential trend reversal might occur.
Green = High Upward Trend
Blue = Low Upward Trend
Down Line Color Code:
Yellow = The highest downward trend, and when it fades, a potential trend reversal might occur.
Red = High Downward Trend
Blue = Low Downward Trend
How the Indicator is Calculated:
Blue/Green/Red: This indicator takes into account the 3 stochastics to determine if they are above or below the signal line.
Yellow: A confirmation from the RSI cloud adds a yellow dot, signifying an Over (Buy/Sell) condition. This confirmation occurs when the yellow color disappears.
Test it before adopting it!
Have fun, and for any collaboration, contact me !!!
On telegram : https://t.me/nimi012 (direct messaging)
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using System;
using System.Collections.Generic;
using System.Linq;
using System.Text;
using cAlgo.API;
using cAlgo.API.Collections;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
namespace cAlgo
{
[Cloud("ResultSmoothFast", "ResultSmoothSlow")]
[Indicator(AccessRights = AccessRights.None)]
public class RsiStochSrategie : Indicator
{
[Parameter("Source Rsi", DefaultValue = "Close", MinValue = 1, Group = "Rsi")]
public DataSeries SourceRsi { get; set; }
[Parameter("Period Rsi", DefaultValue = 55, MinValue = 1, Group = "Rsi")]
public int PeriodRsi { get; set; }
[Parameter("Smooth Fast", DefaultValue = 3, MinValue = 1, Group = "Rsi")]
public int SmoothFast { get; set; }
[Parameter("Smooth Slow", DefaultValue = 9, MinValue = 1, Group = "Rsi")]
public int SmoothSlow { get; set; }
[Parameter("Ma K Slowing", DefaultValue = MovingAverageType.Weighted, Group = "5")]
public MovingAverageType MaTypeSmooth { get; set; }
[Parameter("Level Line High", DefaultValue = 60, MinValue = 1, Group = "Rsi")]
public int LevelLineHigh { get; set; }
[Parameter("Level Line Low", DefaultValue = 40, MinValue = 1, Group = "Rsi")]
public int LevelLineLow { get; set; }
[Parameter("K period", DefaultValue = 55, MinValue = 1, Group = "Stoch 1")]
public int KPeriod { get; set; }
[Parameter("K Slowing", DefaultValue = 3, MinValue = 1, Group = "Stoch 1")]
public int KSlowingPeriod { get; set; }
[Parameter("D Period", DefaultValue = 55, MinValue = 1, Group = "Stoch 1")]
public int DPeriod { get; set; }
[Parameter("Ma K Slowing", DefaultValue = MovingAverageType.Weighted, Group = "Stoch 1")]
public MovingAverageType MaTypeKSlowing { get; set; }
[Parameter("K period2", DefaultValue = 255, MinValue = 1, Group = "Stoch 2")]
public int KPeriod2 { get; set; }
[Parameter("K Slowing2", DefaultValue = 3, MinValue = 1, Group = "Stoch 2")]
public int KSlowingPeriod2 { get; set; }
[Parameter("D Period2", DefaultValue = 255, MinValue = 1, Group = "Stoch 2")]
public int DPeriod2 { get; set; }
[Parameter("K period3", DefaultValue = 1500, MinValue = 1, Group = "Stoch 3")]
public int KPeriod3 { get; set; }
[Parameter("K Slowing3", DefaultValue = 3, MinValue = 1, Group = "Stoch 3")]
public int KSlowingPeriod3 { get; set; }
[Parameter("D Period3", DefaultValue = 1500, MinValue = 1, Group = "Stoch 3")]
public int DPeriod3 { get; set; }
[Parameter("Over Buy Level", DefaultValue = 80, MinValue = 1, Group = "Stoch Level")]
public int OverBuyLevel { get; set; }
[Parameter("Over Sell Level", DefaultValue = 20, MinValue = 1, Group = "Stoch Level")]
public int OverSellLevel { get; set; }
[Output("Lvl Middle", PlotType = PlotType.Line, LineStyle = LineStyle.LinesDots, LineColor = "56FFFFFF", Thickness = 1)]
public IndicatorDataSeries LvlMiddle { get; set; }
[Output("High Trend Down ", PlotType = PlotType.Points, LineColor = "Red", Thickness = 5)]
public IndicatorDataSeries HighTrendDown { get; set; }
[Output("High Trend Up", PlotType = PlotType.Points, LineColor = "Lime", Thickness = 5)]
public IndicatorDataSeries HighTrendUp { get; set; }
[Output("Low Trend Up", PlotType = PlotType.Points, LineColor = "DeepSkyBlue", Thickness = 5)]
public IndicatorDataSeries LowTrendUp { get; set; }
[Output("Low Trend Down", PlotType = PlotType.Points, LineColor = "DeepSkyBlue", Thickness = 5)]
public IndicatorDataSeries LowTrendDown { get; set; }
[Output("OverBuy", PlotType = PlotType.Points, LineColor = "Yellow", Thickness = 5)]
public IndicatorDataSeries OverBuy { get; set; }
[Output("OverSell", PlotType = PlotType.Points, LineColor = "Yellow", Thickness = 5)]
public IndicatorDataSeries OverSell { get; set; }
[Output("ResultSmoothFast", PlotType = PlotType.Line, LineColor = "Green", Thickness = 1)]
public IndicatorDataSeries ResultSmoothFast { get; set; }
[Output("ResultSmoothSlow", PlotType = PlotType.Line, LineColor = "Crimson", Thickness = 1)]
public IndicatorDataSeries ResultSmoothSlow { get; set; }
private StochasticOscillator _stoch1, _stoch2, _stoch3;
private RelativeStrengthIndex _rsi;
private IndicatorDataSeries _rsiData;
private MovingAverage _rsiSmoothSlow, _rsiSmoothFast;
protected override void Initialize()
{
_stoch1 = Indicators.StochasticOscillator(KPeriod, KSlowingPeriod, DPeriod, MaTypeKSlowing);
_stoch2 = Indicators.StochasticOscillator(KPeriod2, KSlowingPeriod2, DPeriod2, MaTypeKSlowing);
_stoch3 = Indicators.StochasticOscillator(KPeriod3, KSlowingPeriod3, DPeriod3, MaTypeKSlowing);
_rsiData = CreateDataSeries();
_rsi = Indicators.RelativeStrengthIndex(SourceRsi, PeriodRsi);
_rsiSmoothFast = Indicators.MovingAverage(_rsiData, SmoothFast, MaTypeSmooth);
_rsiSmoothSlow = Indicators.MovingAverage(_rsiData, SmoothSlow, MaTypeSmooth);
}
public override void Calculate(int index)
{
_rsiData[index] = _rsi.Result.Last(0);
LvlMiddle[index] = 50;
ResultSmoothFast[index] = _rsiSmoothFast.Result.Last(0);
ResultSmoothSlow[index] = _rsiSmoothSlow.Result.Last(0);
OverBuy[index] = _stoch1.PercentK.Last(0) > _stoch1.PercentD.Last(0) && _stoch2.PercentK.Last(0) > _stoch2.PercentD.Last(0) && _stoch3.PercentK.Last(0) > _stoch3.PercentD.Last(0) ? LevelLineHigh : double.NaN;
OverSell[index] = _stoch1.PercentK.Last(0) < _stoch1.PercentD.Last(0) && _stoch2.PercentK.Last(0) < _stoch2.PercentD.Last(0) && _stoch3.PercentK.Last(0) < _stoch3.PercentD.Last(0) ? LevelLineLow : double.NaN;
HighTrendUp[index] = _rsiSmoothFast.Result.Last(0) > _rsiSmoothSlow.Result.Last(0) && _rsiSmoothFast.Result.Last(0) > 50 ? LevelLineHigh : double.NaN;
HighTrendDown[index] = _rsiSmoothFast.Result.Last(0) < _rsiSmoothSlow.Result.Last(0) && _rsiSmoothFast.Result.Last(0) < 50 ? LevelLineLow : double.NaN;
LowTrendUp[index] = _rsiSmoothFast.Result.Last(0) > _rsiSmoothSlow.Result.Last(0) && _rsiSmoothFast.Result.Last(0) < 50 ? LevelLineHigh : double.NaN;
LowTrendDown[index] = _rsiSmoothFast.Result.Last(0) < _rsiSmoothSlow.Result.Last(0) && _rsiSmoothFast.Result.Last(0) > 50 ? LevelLineLow : double.NaN;
}
}
}
YesOrNot
Joined on 10.10.2022 Blocked
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Rsi Stoch Srategie.algo
- Rating: 5
- Installs: 610
- Modified: 18/08/2023 14:58