3c_JRSX_H_001

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Author: Copyright � 2005, Weld, Jurik Research
3c_JRSX_H_001

This technical tool is designed as a sophisticated momentum oscillator for trading platforms. While it functions similarly to the widely-used Relative Strength Index (RSI), it utilizes advanced smoothing algorithms to provide a cleaner, more stable visual representation of market trends.

Core Logic and Behavior

1. Advanced Smoothing Mechanism The script does not simply calculate raw price changes. Instead, it employs a multi-layered smoothing technique. By using specialized coefficients based on your chosen period length, the indicator filters out "market noise" (minor, insignificant price fluctuations). This results in a curve that is much smoother than traditional oscillators, helping traders identify the underlying trend without being distracted by erratic movements.

2. Bidirectional Data Processing The logic processes two distinct types of data simultaneously:

  • Directional Movement: It tracks the raw gains and losses to determine the direction of the price flow.
  • Absolute Volatility: It calculates the magnitude of price movement regardless of direction. By comparing these two streams of data, the indicator can distinguish between a strong, committed trend and a weak, hesitant move in the market.

3. Normalized Output The calculations are structured to produce a normalized value. This allows the indicator to stay within specific boundaries (centered around a zero-line), making it easy for users to identify overbought or oversold conditions regardless of the asset being traded.

4. Three-Color Visual Coding One of the primary features of this script is its dynamic color-coding system. The indicator automatically categorizes the momentum into three distinct visual states:

  • Upward Momentum: Highlighted when the current value shows a clear increase compared to the previous state.
  • Downward Momentum: Highlighted when the value shows a clear decrease.
  • Neutral/Stagnant State: Highlighted when there is no significant change between the current and previous values, indicating a consolidation or "flat" period in the market.

Summary for the User

In practical terms, this tool takes complex price history and distills it into a smooth, color-coded histogram. It tells you not just which way the price is moving, but how "healthy" that movement is, while providing a clear visual cue (via three colors) to help you instantly identify when momentum is shifting, accelerating, or stalling.

Miscellaneous
Implements a curve of type %1
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3c_JRSX_H_001 
/* 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  DodgerBlue
#property indicator_width1 2
#property indicator_color2  Magenta
#property indicator_width2 2
#property indicator_color3  Yellow//Gray
#property indicator_width3 2

#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 = 7;//14
extern int   CountBars = 600;
//---- 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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