RangeExpansionIndex

//+------------------------------------------------------------------+
//|                                        Range Expansion Index.mq5 |
//|                                  Copyright © 2010, EarnForex.com |
//|                                        http://www.earnforex.com/ |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2010, EarnForex.com"
#property link      "http://www.earnforex.com"
//---- indicator version
#property version   "1.0"
#property description "Calculates Tom DeMark's Range Expansion Index."
#property description "Going above 60 and then dropping below 60 signals price weakness."
#property description "Going below -60 and the rising above -60 signals price strength."
#property description "For more info see The New Science of Technical Analysis."
//---- drawing the indicator in a separate window
#property indicator_separate_window
//---- number of indicator buffers 2
#property indicator_buffers 2 
//---- only one plot is used
#property indicator_plots   1
//+-----------------------------------+
//|  Indicator drawing parameters     |
//+-----------------------------------+
//---- drawing indicator as a five-color histogram
#property indicator_type1 DRAW_COLOR_HISTOGRAM
//---- five colors are used in the histogram
#property indicator_color1 Gray,Lime,Blue,Red,Magenta
//---- indicator line is a solid one
#property indicator_style1 STYLE_SOLID
//---- indicator line width is equal to 2
#property indicator_width1 2
//+----------------------------------------------+
//| Horizontal levels display parameters         |
//+----------------------------------------------+
#property indicator_level1 +60
#property indicator_level2 -60
#property indicator_levelcolor Gray
#property indicator_levelstyle STYLE_DASHDOTDOT
//+----------------------------------------------+
//|  Indicator input parameters                  |
//+----------------------------------------------+
input int REI_Period=8; // Smoothing period
//---- declaration of dynamic arrays that 
//---- will be used as indicator buffers
double ExtBuffer[],ColorExtBuffer[];
//---- declaration of the integer variables for the start of data calculation
int min_rates_total;
//+------------------------------------------------------------------+
//| Calculate the Conditional Value                                  |
//+------------------------------------------------------------------+
double SubValue(const int i,const double &High[],const double &Low[],const double &Close[])
  {
   int num_zero1,num_zero2;

   double diff1 = High[i] - High[i - 2];
   double diff2 = Low[i] - Low[i - 2];

   if((High[i-2]<Close[i-7]) && (High[i-2]<Close[i-8]) && (High[i]<High[i-5]) && (High[i]<High[i-6]))
      num_zero1=0;
   else
      num_zero1=1;

   if((Low[i-2]>Close[i-7]) && (Low[i-2]>Close[i-8]) && (Low[i]>Low[i-5]) && (Low[i]>Low[i-6]))
      num_zero2=0;
   else
      num_zero2=1;

   return(num_zero1*num_zero2 *(diff1+diff2));
  }
//+------------------------------------------------------------------+
//| Calculate the Absolute Value                                     |
//+------------------------------------------------------------------+
double AbsValue(const int i,const double &High[],const double &Low[])
  {
   double diff1 = MathAbs(High[i] - High[i - 2]);
   double diff2 = MathAbs(Low[i] - Low[i - 2]);

   return(diff1+diff2);
  }
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+  
void OnInit()
  {
//---- initialization of variables of the start of data calculation
   min_rates_total=REI_Period+8;
//---- set ExtBuffer[] dynamic array as an indicator buffer
   SetIndexBuffer(0,ExtBuffer,INDICATOR_DATA);
//---- performing the shift of the beginning of the indicator drawing
   PlotIndexSetInteger(0,PLOT_DRAW_BEGIN,min_rates_total);

//---- set ColorExtBuffer[] dynamic array as an indicator buffer   
   SetIndexBuffer(1,ColorExtBuffer,INDICATOR_COLOR_INDEX);
//---- performing the shift of the beginning of the indicator drawing
   PlotIndexSetInteger(1,PLOT_DRAW_BEGIN,min_rates_total);

//---- initialization of a variable for the indicator short name
   string shortname;
   StringConcatenate(shortname,"Range Expansion Index(",REI_Period,")");
//---- creating a name for displaying in a separate sub-window and in a tooltip
   IndicatorSetString(INDICATOR_SHORTNAME,shortname);
//---- determination of accuracy of displaying the indicator values
   IndicatorSetInteger(INDICATOR_DIGITS,0);
//----
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int OnCalculate(const int rates_total,    // number of bars in history at the current tick
                const int prev_calculated,// number of bars calculated at previous call
                const datetime &time[],
                const double &open[],
                const double& high[],     // price array of maximums of price for the indicator calculation
                const double& low[],      // price array of minimums of price for the indicator calculation
                const double &close[],
                const long &tick_volume[],
                const long &volume[],
                const int &spread[])
  {
//---- checking the number of bars to be enough for the calculation
   if(rates_total<min_rates_total)return(0);
//---- declarations of local variables 
   int first1,first2,bar;
   double SubValueSum,AbsValueSum;
//---- calculation of the 'limit' starting index for the bars recalculation loop
   if(prev_calculated>rates_total || prev_calculated<=0) // checking for the first start of the indicator calculation
     {
      first1=min_rates_total-1;                          // starting index for calculation of all bars
      first2=first1+1;
     }
   else
     {
      first1=prev_calculated-1;                          // starting index for calculation of new bars
      first2=first1;                                     // starting index for calculation of new bars
     }
//---- main indicator calculation loop
   for(bar=first1; bar<rates_total; bar++)
     {
      SubValueSum=0;
      AbsValueSum=0;

      for(int iii=0; iii<REI_Period; iii++)
        {
         SubValueSum += SubValue(bar - iii, high, low, close);
         AbsValueSum += AbsValue(bar - iii, high, low);
        }

      if(AbsValueSum!=0) ExtBuffer[bar]=SubValueSum/AbsValueSum*100;
      else ExtBuffer[bar]=0;
     }
//---- main cycle of the indicator coloring
   for(bar=first2; bar<rates_total; bar++)
     {
      ColorExtBuffer[bar]=0;

      if(ExtBuffer[bar]>0)
        {
         if(ExtBuffer[bar]>ExtBuffer[bar-1]) ColorExtBuffer[bar]=1;
         if(ExtBuffer[bar]<ExtBuffer[bar-1]) ColorExtBuffer[bar]=2;
        }

      if(ExtBuffer[bar]<0)
        {
         if(ExtBuffer[bar]<ExtBuffer[bar-1]) ColorExtBuffer[bar]=3;
         if(ExtBuffer[bar]>ExtBuffer[bar-1]) ColorExtBuffer[bar]=4;
        }
     }
//----     
   return(rates_total);
  }
//+------------------------------------------------------------------+