RBCI2_v1
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Technical Logic Overview: RBCI2 Indicator
This script functions as a sophisticated technical analysis tool designed to process historical price data and generate visual signals for traders. Unlike standard moving averages that look at simple price changes, this indicator employs a complex weighted mathematical model to smooth out market "noise" and identify underlying trends.
Core Mathematical Engine
The heart of the script is a specific calculation known as the CrazyChart function. This logic does not treat every piece of historical data equally. Instead, it looks back at a specific window of 55 price bars and applies a unique mathematical weight (a positive or negative multiplier) to each individual bar.
By multiplying various past prices by these distinct coefficients and summing them up, the script creates a specialized "profile" of the market's recent movement. This allows the indicator to react more sensitively to certain historical periods while filtering out less significant fluctuations.
Data Processing and Smoothing
The indicator performs several layers of processing to transform raw data into the visual lines you see on your chart:
- Weighted Averaging: The script takes the results of the "CrazyChart" calculation over a sequence of 52 different points in time. It averages these results to create a stabilized baseline.
- Deviation Analysis: Beyond just calculating a trend line, the script measures the "variance"—essentially looking at how much the current price action deviates from the calculated average.
- Standard Deviation Scaling: By calculating the square root of these deviations (a method similar to Standard Deviation), the script determines the "volatility" or "spread" of the market at any given moment.
Visual Output and Interpretation
The logic populates six different visual buffers, which are translated into different colors and styles on the platform:
- Primary Trend Lines: The main indicators represent the difference between the current weighted price and the long-term average. These help identify the immediate direction of the market.
- Volatility Bands: The script generates upper and lower "boundaries" based on the deviation calculations.
- It creates a positive and negative band (scaled at 1x the deviation).
- It creates an extended positive and negative band (scaled at 2x the deviation).
Summary for the User
In plain terms, this script is designed to tell you two things simultaneously: where the price is headed (the trend) and how aggressively it is moving (the volatility). By weighing past prices with specific coefficients, it attempts to provide a more nuanced view of market momentum than standard tools, highlighting both the central path of the price and the outer limits of its current fluctuations.
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RBCI2_v1
/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| RBCI2.mq4 |
//| Finware.ru 2003 . Indicator rewritten by CrazyChart |
//| mailto:newcomer2003@yandex.ru |
//+------------------------------------------------------------------+
//double CrazyChart (int i,int shift);
#property copyright "Finware.ru 2003. Indicator rewritten by CrazyChart"
#property link "mailto:newcomer2003@yandex.ru"
#define COMPANY_NAME "MyCompany Ltd."
#property indicator_separate_window
#property indicator_buffers 6
#property indicator_color1 Red
#property indicator_color2 Red
#property indicator_color3 Blue
#property indicator_color4 Aqua
#property indicator_color5 Crimson
#property indicator_color6 Gold
//---- input parameters
extern int CountBars = 500;
extern int ExtParam2;
extern int ExtParam3;
extern double reddd;
//---- buffers
double ExtMapBuffer1[];
double ExtMapBuffer2[];
double ExtMapBuffer3[];
double ExtMapBuffer4[];
double ExtMapBuffer5[];
double ExtMapBuffer6[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
string short_name;
IndicatorBuffers(6);
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,ExtMapBuffer1);
SetIndexEmptyValue(0,0.0);
SetIndexDrawBegin(0,55);
SetIndexStyle(1,DRAW_LINE,STYLE_DOT,1,Orchid);
SetIndexBuffer(1,ExtMapBuffer2);
SetIndexEmptyValue(1,0.0);
SetIndexDrawBegin(1,55);
SetIndexStyle(2,DRAW_LINE);
SetIndexBuffer(2,ExtMapBuffer3);
SetIndexEmptyValue(2,0.0);
SetIndexDrawBegin(2,55);
SetIndexStyle(3,DRAW_LINE);
SetIndexBuffer(3,ExtMapBuffer4);
SetIndexEmptyValue(3,0.0);
SetIndexDrawBegin(3,55);
SetIndexStyle(4,DRAW_LINE);
SetIndexBuffer(4,ExtMapBuffer5);
SetIndexEmptyValue(4,0.0);
SetIndexDrawBegin(4,55);
SetIndexStyle(5,DRAW_LINE);
SetIndexBuffer(5,ExtMapBuffer6);
SetIndexEmptyValue(5,0.0);
SetIndexDrawBegin(5,55);
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS));
IndicatorShortName("RBCI2");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: add your code here
//----
return(0);
}
//+------------------------------------------------------------------+
//| Ìîÿ ôóíêöèÿ âû÷èñëÿåò ïåðåìåííóþ ñ öèôðîâûì ôèëüòðîì |
//+------------------------------------------------------------------+
double CrazyChart (int i,int shift)
//function that counts Sum of 55 bars
{
double RBCI2;
RBCI2=
-35.5198140000*Close[i+0+shift]
-29.3302904200*Close[i+1+shift]
-18.4253122700*Close[i+2+shift]
-5.3409716410*Close[i+3+shift]
+7.0224246110*Close[i+4+shift]
+16.1743143600*Close[i+5+shift]
+20.6539163900*Close[i+6+shift]
+20.3238589400*Close[i+7+shift]
+16.2679056100*Close[i+8+shift]
+10.3508317200*Close[i+9+shift]
+4.5956464710*Close[i+10+shift]
+0.5816210219*Close[i+11+shift]
-0.9556878591*Close[i+12+shift]
-0.2188650350*Close[i+13+shift]
+1.8617718350*Close[i+14+shift]
+4.0429772970*Close[i+15+shift]
+5.2336026320*Close[i+16+shift]
+4.8503271170*Close[i+17+shift]
+2.9598818100*Close[i+18+shift]
+0.1813422994*Close[i+19+shift]
-2.5916583950*Close[i+20+shift]
-4.5352277420*Close[i+21+shift]
-5.1799911240*Close[i+22+shift]
-4.5414039780*Close[i+23+shift]
-3.0665332280*Close[i+24+shift]
-1.4306935910*Close[i+25+shift]
-0.2740625440*Close[i+26+shift]
+0.0259294264*Close[i+27+shift]
-0.5361336393*Close[i+28+shift]
-1.6274205570*Close[i+29+shift]
-2.7320093940*Close[i+30+shift]
-3.3584444990*Close[i+31+shift]
-3.2210950120*Close[i+32+shift]
-2.3321664220*Close[i+33+shift]
-0.9758039283*Close[i+34+shift]
+0.4132087314*Close[i+35+shift]
+1.4199522360*Close[i+36+shift]
+1.7965291580*Close[i+37+shift]
+1.5408713520*Close[i+38+shift]
+0.8768248011*Close[i+39+shift]
+0.1561692145*Close[i+40+shift]
-0.2796045774*Close[i+41+shift]
-0.2243863077*Close[i+42+shift]
+0.3279264464*Close[i+43+shift]
+1.1886385970*Close[i+44+shift]
+2.0574048450*Close[i+45+shift]
+2.6265630350*Close[i+46+shift]
+2.6969364910*Close[i+47+shift]
+2.2285276520*Close[i+48+shift]
+1.3534844570*Close[i+49+shift]
+0.3088511323*Close[i+50+shift]
-0.6383119873*Close[i+51+shift]
-1.2763116980*Close[i+52+shift]
-1.5134175380*Close[i+53+shift]
-1.3771978870*Close[i+54+shift]
-1.6154244060*Close[i+55+shift];
return (RBCI2);
}
int start()
{
int limit,counted_bars=IndicatorCounted(),min,i;
if (CountBars>=Bars) CountBars=Bars;
SetIndexDrawBegin(0,Bars-CountBars);
SetIndexDrawBegin(1,Bars-CountBars);
SetIndexDrawBegin(2,Bars-CountBars);
SetIndexDrawBegin(3,Bars-CountBars);
SetIndexDrawBegin(4,Bars-CountBars);
SetIndexDrawBegin(5,Bars-CountBars);
double RBCI2;
double Value1;
int Value2 = 52;
double Value4,Value5,Value6,Value7,Value8,Value9;
// reddd = CrazyChart(2,1); //c hf,jnfkj!!!!!!!!!!!!!!!!!
if (counted_bars<0) return(-1);
//---- last counted bar will be recounted
if (counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
for(i=1;i<=0;i++) ExtMapBuffer1[Bars-i]=0.0;
for (i=limit;i>=0;i--) {
// CountBars i+shift+55
for (int shift=0;shift<=Value2-1;shift++) {
Value4 = Value4-CrazyChart(i,shift);
}
Value1 = -CrazyChart(i,0);
Value5 = Value4 / Value2;
Value6 = 0;
ExtMapBuffer1[i]=-Value5+Value1;// "RBCI2");
ExtMapBuffer2[i]=-Value5+Value1; //"Dots")
for (shift=0;shift<=Value2-1;shift++) {
Value6 = Value6 + (-CrazyChart(i,shift)-Value5)*(-CrazyChart(i,shift)-Value5);
}
Value8 = Value6/(Value2-1);
Value9 = MathSqrt(Value8);
ExtMapBuffer3[i]= +Value9;//,"LINE");
ExtMapBuffer4[i]= -1*Value9;//Plot4(-Value9,"LINE");
ExtMapBuffer5[i]=+2*Value9;//,"LINE");
ExtMapBuffer6[i]=-2*Value9;//,"LINE");
Value4=0;
Value6=0;
}
//----
return(0);
}
//+------------------------------------------------------------------+
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