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pivot detector osillator
//+------------------------------------------------------------------+
//| pivot detector oscillator |
//| |
//| developed by Giorgos Siligardos, |
//| published in TASC, September, 2009 |
//+------------------------------------------------------------------+
#property copyright "copyleft mladen"
#property link "mladenfx@gmail.com"
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 DeepSkyBlue
#property indicator_width1 2
#property indicator_level1 0
#property indicator_level2 100
#property indicator_levelcolor DimGray
//
//
//
//
//
extern int pdoPrice = PRICE_CLOSE;
extern int pdoRsiLength = 14;
extern int pdoAverageLength = 200;
extern int pdoUpTrendEntry = 35;
extern int pdoUpTrendExit = 85;
extern int pdoDownTrendEntry = 20;
extern int pdoDownTrendExit = 70;
double pdo[];
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
//
//
//
//
//
int init()
{
SetIndexBuffer(0,pdo);
IndicatorShortName("pdo ("+pdoRsiLength+","+pdoAverageLength+","+pdoUpTrendEntry+","+pdoUpTrendExit+","+pdoDownTrendEntry+","+pdoDownTrendExit+")");
return(0);
}
int deinit() { return(0); }
int start()
{
int i,limit;
int counted_bars=IndicatorCounted();
if (counted_bars>0) counted_bars--;
limit=MathMin(Bars-counted_bars,Bars-1);
//
//
//
//
//
for(i=limit; i>=0; i--)
{
double rsi = iRSI(NULL,0,pdoRsiLength,pdoPrice,i);
double avg = iMA(NULL,0,pdoAverageLength,0,MODE_SMA,pdoPrice,i);
double price = iMA(NULL,0,1 ,0,MODE_SMA,pdoPrice,i);
if (price>avg)
pdo[i] = 100*(rsi-pdoUpTrendEntry)/(pdoUpTrendExit-pdoUpTrendEntry);
else pdo[i] = 100*(rsi-pdoDownTrendEntry)/(pdoDownTrendExit-pdoDownTrendEntry);
}
return(0);
}
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