Solar_Wind_clean_Xalert
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The Solar Wind Clean XXX is a technical analysis tool designed to help traders identify momentum shifts and trend directions by smoothing out market noise. Unlike standard indicators that can sometimes react too quickly to minor price fluctuations, this script uses a sophisticated mathematical approach to "clean" the data, making it easier to see the underlying trend.
How the Logic Works
1. Price Range Analysis The tool begins by examining a specific look-back period (defined by the user) to identify the highest high and the lowest low within that window. It then calculates the current price's relative position within that range. By determining where the current price sits between these extremes, it establishes a baseline of immediate market movement.
2. Normalization and Transformation To make the data more readable, the script applies a normalization process. It converts the raw price data into a standardized value. This is followed by a specific mathematical transformation (known as a Fisher Transform logic) which helps to linearize the data. In simpler terms, this step helps to highlight "overextended" moves and brings irregular price spikes back into a manageable scale, making the resulting visual more consistent.
3. Smoothing for Clarity Once the primary data is transformed, the script applies an Exponential Moving Average (EMA). This acts as a filter; it removes the "jitter" from the calculations to ensure that the lines moving on your chart represent sustained trends rather than momentary noise. The result is a smoother visual representation that helps traders focus on the primary flow of the market.
4. Visual Representation and Signals The indicator renders its results in a separate window as a histogram:
- Green Histograms: Represent positive momentum or upward movement.
- Red Histograms: Represent negative momentum or downward movement.
5. Automated Alerts The logic includes an automated notification system that monitors the "Zero Line." When the smoothed indicator crosses from negative to positive, it signals a potential bullish shift (Crossing zero line up). Conversely, when it crosses from positive to negative, it signals a potential bearish shift (Crossing zero line down). If enabled, the script will provide a real-time alert with the specific time and currency pair for these transitions.
//+------------------------------------------------------------------+
//| Solar wind clean XXX(based on Solar wind clean (FisherTransform)|
//| revised by Mladen Copyright © 2005, MetaQuotes Software Corp. |
//| ForexTSD mladen nittany mod fxbs ki http://www.metaquotes.net/ |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net/ www.ForexTSD.com"
//---- indicator settings
#property copyright ""
#property link ""
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 Lime
#property indicator_color2 Red
extern bool AlertON=true;
extern int period = 10;
extern int smoozing = 2;
double ExtBuffer0[];
double ExtBuffer1[];
double ExtBuffer2[];
double Value[];
double ExtBuffer3[];
int flagval1 = 0;
int flagval2 = 0;
int init()
{
IndicatorBuffers(5);
SetIndexBuffer(0,ExtBuffer1);
SetIndexBuffer(1,ExtBuffer2);
SetIndexBuffer(2,ExtBuffer0);
SetIndexBuffer(3,Value);
SetIndexBuffer(4,ExtBuffer3);
SetIndexStyle(0,DRAW_HISTOGRAM);
SetIndexStyle(1,DRAW_HISTOGRAM);
//--- mod to show currency pair and Period by nittany1 forex-tsd
// IndicatorShortName("SOLAR WIND Clean("+Symbol()+","+period+")");
IndicatorShortName("SOLARWIND CleanX ("+period+")("+smoozing+")");
IndicatorDigits(Digits+1);
return(0);
}
int start()
{
int limit;
int counted_bars=IndicatorCounted();
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
for(int i=limit; i>=0; i--)
{
double MaxH = High[iHighest(NULL,0,MODE_HIGH,period,i)];
double MinL = Low [iLowest( NULL,0,MODE_LOW, period,i)];
double price = (High[i]+Low[i])/2;
if (MaxH!=MinL)
Value[i] = 0.33*2*((price-MinL)/(MaxH-MinL)-0.5);
else Value[i] = 0.00;
Value[i] = MathMin(MathMax(Value[i],-0.999),0.999);
ExtBuffer0[i]=0.5*MathLog((1+Value[i])/(1-Value[i]));
}
for( i=limit; i>=0; i--)
{
ExtBuffer3[i]=iMAOnArray(ExtBuffer0,0,smoozing,0,MODE_EMA,i);
//
//
//
//
//
if(ExtBuffer3[i]<0)
{
ExtBuffer2[i]=ExtBuffer3[i];
ExtBuffer1[i]=0.0;
}
else
{
ExtBuffer1[i]=ExtBuffer3[i];
ExtBuffer2[i]=0.0;
}
if ((ExtBuffer1[i] > 0) && (ExtBuffer2[i+1] < 0.0))
{
if (i == 1 && flagval1==0)
{
flagval1=1;
flagval2=0;
if (AlertON) Alert("Crossing zero line up\n Time=",TimeToStr(TimeCurrent(),TIME_DATE)," ",TimeHour(TimeCurrent()),":",TimeMinute(TimeCurrent()),"\n Symbol=",Symbol()," Period=",Period());
}
}
else if ((ExtBuffer2[i] < 0) && (ExtBuffer1[i+1] > 0.0))
{
if (i == 1 && flagval2==0)
{
flagval2=1;
flagval1=0;
if (AlertON) Alert("Crossing zero line down\n Time=",TimeToStr(TimeCurrent(),TIME_DATE)," ",TimeHour(TimeCurrent()),":",TimeMinute(TimeCurrent()),"\n Symbol=",Symbol()," Period=",Period());
}
}
}
return(0);
}
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