AnyMA_Rsi_R2_Indi_Opt

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AnyMA_Rsi_R2_Indi_Opt

This indicator is designed to identify specific market trends and provide visual signals for potential buy and sell opportunities on a trading chart. It achieves this by combining three distinct types of technical analysis: Trend Identification, Momentum Tracking (RSI), and Volatility Filtering (Hull Moving Average).

Core Logic Components

1. Trend Identification The script uses two primary moving averages to determine the overall direction of the market:

  • Trend Moving Average: This serves as the baseline for identifying whether the price is currently in an "upward" or "downward" phase.
  • Hull Moving Average (Optional): This is a more responsive filter designed to smooth out market noise. It helps confirm the strength of the trend and provides a refined entry signal based on the rate of change in price momentum.

2. Momentum Analysis (The R2 Strategy) The "R2" portion of the logic focuses on the Relative Strength Index (RSI). Instead of looking at just one moment in time, the script monitors a sequence of RSI values over a four-day (or four-period) window:

  • For Buy Signals: It looks for a consistent "downward cooling" in momentum. It checks if the RSI has been steadily decreasing over three consecutive periods and remains below a specific threshold, suggesting the price is becoming "oversold."
  • For Sell Signals: It looks for a consistent "upward heating" in momentum. It checks if the RSI has been steadily increasing over three consecutive periods and remains above a specific threshold, suggesting the price is becoming "overbought."

Signal Generation

The script generates visual markers on your chart based on the following conditions:

  • Buy Arrows: These appear when the price is trading above the main Trend Moving Average, the RSI momentum shows a steady decrease over several periods (reaching an oversold state), and the Hull Filter confirms enough positive movement.
  • Sell Arrows: These appear when the price is trading below the main Trend Moving Average, the RSI momentum shows a steady increase over several periods (reaching an overbought state), and the Hull Filter confirms sufficient downward pressure.
  • Close Trade Markers: To help manage existing positions, the script also places markers when momentum becomes extreme in the opposite direction. If a buy position is open and the RSI exceeds a high ceiling, or if a sell position is open and the RSI drops below a low floor, a marker appears to suggest an exit.

Alert System

The script includes an optional notification feature. If enabled, it will trigger an audible sound when a new Buy Arrow, Sell Arrow, or Close Trade Marker is detected on the current live bar, ensuring you don't have to watch the screen constantly for signal appearances.

Price Data Components
Series array that contains close prices for each barSeries array that contains the highest prices of each barSeries array that contains the lowest prices of each bar
Indicators Used
Moving average indicatorMoving average indicatorRelative strength index
Miscellaneous
Implements a curve of type %1It plays sound alerts
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0 Downloads
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AnyMA_Rsi_R2_Indi_Opt 
//+---------------------------------------------------------------------------------------------+
//|                                                                    Rsi_R2_Opt_Indicator.mq4 |
//| Copyright © 2007 , http://finance.groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/ |
//|                    http://finance.groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/ |
//+---------------------------------------------------------------------------------------------+

#property copyright "Copyright © 2007 , http://finance.groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/"
#property link      "http://finance.groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/"

//+------------------------------------------------------------------------------------------------------------+
//| http://www.tradingmarkets.com/.site/stocks/commentary/editorial/The-Improved-R2-Strategy.cfm               |
//| introduced to http://finance.groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/                     |
//| by Peter , blackprinzze , blackprinzze@yahoo.com , for a complimentary build in .mq4                       |
//| built by transport_david                                                                                   |
//| This version should be able to match the AnyMA_RSI_R2_EA_Opt.mq4 expert ( Peter , Bluto , Robert , Loren ) |                        |
//+------------------------------------------------------------------------------------------------------------+

#property indicator_chart_window

#property indicator_buffers 5

#property indicator_color1 Yellow
#property indicator_color2 Red
#property indicator_color3 Lime
#property indicator_color4 LightGray
#property indicator_color5 Pink

extern bool   Play_Alert          =    false;

extern string s0 = "---------------";
extern string t0 = "Hull Moving Average Filter";
extern bool   Use_Hull_Filter     =    true;
extern int    Hull_Periods        =     200;
extern int    Hull_Applied_Price  =       0;
extern int    Hull_Separation_Pips=       1;

extern string s1 = "---------------";
extern string t1 = "Trend Moving Average";
extern int    Ma_Periods          =     200;
extern int    Ma_Type             =       0;
extern int    Ma_Applied_Price    =       0;

extern string s2 = "---------------";
extern int    RsiPeriods          =       2;
extern int    Rsi_Applied_Price   =       0;

extern string s3 = "---------------";
extern int    BuyIfDay1RsiBelow   =      65; // 1st day of tracking must be < this setting
extern int    BuyIfDay3RsiBelow   =      65; // 3rd day must be < this setting

extern string s4 = "---------------";
extern int    SellIfDay1RsiAbove  =      35; // 1st day of tracking must be > this setting
extern int    SellIfDay3RsiAbove  =      35; // 3rd day must be > this setting

extern string s5 = "---------------";
extern int    CloseBuyIfRsiAbove  =      75;
extern int    CloseSellIfRsiBelow =      25;

extern string s6 = "---------------";
extern int    ShowBars            =   10000;

double Trend_Ma[];
double Sell_Arrow[];
double Buy_Arrow[];
double Close_Trade_Marker[];
double Calc[];
double Hull_MA[];

double prevtime;
double goober;

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- indicators
   
   IndicatorBuffers(6);
   
   SetIndexEmptyValue(0,0.0);
   SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,1);
   SetIndexBuffer(0,Trend_Ma);
   SetIndexLabel(0,"Trend_Ma ( "+Ma_Periods+" )");
   
   SetIndexEmptyValue(1,0.0);
   SetIndexStyle(1,DRAW_ARROW,STYLE_SOLID,0);
   SetIndexArrow(1,234);
   SetIndexBuffer(1,Sell_Arrow);
   SetIndexLabel(1,"R2_Sell_Arrow");
   
   SetIndexEmptyValue(2,0.0);
   SetIndexStyle(2,DRAW_ARROW,STYLE_SOLID,0);
   SetIndexArrow(2,233);
   SetIndexBuffer(2,Buy_Arrow);
   SetIndexLabel(2,"R2_Buy_Arrow");
   
   SetIndexEmptyValue(3,0.0);
   SetIndexStyle(3,DRAW_ARROW,STYLE_SOLID,0);
   SetIndexArrow(3,172);
   SetIndexBuffer(3,Close_Trade_Marker);
   SetIndexLabel(3,"R2_Close_Trade_Marker");
   
   SetIndexEmptyValue(4,0.0);
   SetIndexStyle(4,DRAW_LINE,STYLE_SOLID,1);
   SetIndexBuffer(4,Hull_MA);
   SetIndexLabel(4,"Hull_Ma_Filter ( "+Hull_Periods+" )");
   
   SetIndexEmptyValue(5,0.0);
   SetIndexBuffer(5,Calc);
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//----
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
//----
   int shift = ShowBars;
   
   if (ShowBars >= Bars) ShowBars = Bars-1;
   
   for ( shift = ShowBars; shift >= 0; shift-- )
    {
      
      double Exp = 2;
      
      double firstwma = iMA(Symbol(),0,MathFloor(Hull_Periods/2),0,MODE_LWMA,Hull_Applied_Price,shift);
      
      double secondwma = iMA(Symbol(),0,Hull_Periods,0,MODE_LWMA,Hull_Applied_Price,shift);
      
      Calc[shift] = (Exp*firstwma)-secondwma;
      
    }
   if (Use_Hull_Filter)
    {
     for ( shift = ShowBars; shift >= 0; shift-- )
      {
       
       double Hulldifference = (iMAOnArray(Calc,0,MathFloor(MathSqrt(Hull_Periods)),0,MODE_LWMA,shift+1) - iMAOnArray(Calc,0,MathFloor(MathSqrt(Hull_Periods)),0,MODE_LWMA,shift+2));
       
       Hull_MA[shift] = iMAOnArray(Calc,0,MathFloor(MathSqrt(Hull_Periods)),0,MODE_LWMA,shift);
       
       Trend_Ma[shift] = iMA( Symbol(), 0, Ma_Periods, 0, Ma_Type, Ma_Applied_Price, shift);
       
       if (prevtime != Time[0]) { RefreshRates(); prevtime=Time[0]; } 
       
       double Day1 = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift+3);
       double Day2 = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift+2);
       double Day3 = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift+1);
       double Today = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift);
       
       //- Sell Arrows ---
       
       if ( (iClose(Symbol(),0,shift+1) < Trend_Ma[shift+1])
         && (Day1 > SellIfDay1RsiAbove)
         && (Day2 > Day1)
         && (Day3 > Day2)
         && (Day3 > SellIfDay3RsiAbove)
         && (Hulldifference <= -Hull_Separation_Pips*Point) )
          
          Sell_Arrow[shift] = iHigh(Symbol(),0,shift) + (20*Point);//High arrow Sell
       
       //- Buy Arrows ---
       
       if ( (iClose(Symbol(),0,shift+1) > Trend_Ma[shift+1])
         && (Day1 < BuyIfDay1RsiBelow)
         && (Day2 < Day1)
         && (Day3 < Day2)
         && (Day3 < BuyIfDay3RsiBelow)
         && (Hulldifference >= Hull_Separation_Pips*Point) )
          
          Buy_Arrow[shift] = iLow(Symbol(),0,shift) - (20*Point);//Low arrow Buy 
       
       //- Close Trades Marker ---
       
       if (Today < CloseSellIfRsiBelow)
         
          Close_Trade_Marker[shift] = iLow(Symbol(),0,shift) - (50*Point);
       
       if (Today > CloseBuyIfRsiAbove)
         
          Close_Trade_Marker[shift] = iHigh(Symbol(),0,shift) + (50*Point);
      
      }
    }
   
   if (!Use_Hull_Filter)
    {
     for ( shift = ShowBars; shift >= 0; shift-- )
      {
       
       Hull_MA[shift] = 0;
       
       Trend_Ma[shift] = iMA( Symbol(), 0, Ma_Periods, 0, Ma_Type, Ma_Applied_Price, shift);
       
       if (prevtime != Time[0]) { RefreshRates(); prevtime=Time[0]; } 
       
       Day1 = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift+3);
       Day2 = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift+2);
       Day3 = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift+1);
       Today = iRSI(Symbol(),0,RsiPeriods,Rsi_Applied_Price,shift);
       
       //- Sell Arrows ---
       
       if ( (iClose(Symbol(),0,shift+1) < Trend_Ma[shift+1])
         && (Day1 > SellIfDay1RsiAbove)
         && (Day2 > Day1)
         && (Day3 > Day2)
         && (Day3 > SellIfDay3RsiAbove) )
          
          Sell_Arrow[shift] = iHigh(Symbol(),0,shift) + (20*Point); // High arrow Sell
       
       //- Buy Arrows ---
       
       if ( (iClose(Symbol(),0,shift+1) > Trend_Ma[shift+1])
         && (Day1 < BuyIfDay1RsiBelow)
         && (Day2 < Day1)
         && (Day3 < Day2)
         && (Day3 < BuyIfDay3RsiBelow) )
          
          Buy_Arrow[shift] = iLow(Symbol(),0,shift) - (20*Point); // Low arrow Buy 
       
       //- Close Trades Marker ---
       
       if (Today < CloseSellIfRsiBelow)
         
          Close_Trade_Marker[shift] = iLow(Symbol(),0,shift) - (50*Point);
       
       if (Today > CloseBuyIfRsiAbove)
         
          Close_Trade_Marker[shift] = iHigh(Symbol(),0,shift) + (50*Point);
      
      }
    }
   
   if (Play_Alert)
    {
     int SignalBar = 0;
     if ( (Close_Trade_Marker[0] != 0) && (goober < Time[0]) )
      {
        //Alert("Close_Trade_Marker , "+Symbol()+" , M_"+Period()+" , Bid = ",Bid," , Hour = ",Hour()," , Minute = ",Minute()," .");
        PlaySound("email.wav");
        goober = Time[0];
      }
     if ( (Sell_Arrow[0] != 0) && (goober < Time[0]) )
      {
        //Alert("R2_Sell Arrow , "+Symbol()+" , M_"+Period()+" , Bid = ",Bid," , Hour = ",Hour()," , Minute = ",Minute()," .");
        PlaySound("email.wav");
        goober = Time[0];
      }
     if ( (Buy_Arrow[0] != 0) && (goober < Time[0]) )
      {
        //Alert("R2_Buy Arrow , "+Symbol()+" , M_"+Period()+" , Ask = ",Ask," , Hour = ",Hour()," , Minute = ",Minute()," .");
        PlaySound("email.wav");
        goober = Time[0];
      }
    }
   
//----
   return(0);
  }
//+------------------------------------------------------------------+

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