TII_RLH_v2

//+------------------------------------------------------------------+
//|                                                                  |
//|                 Copyright © 1999-2008, MetaQuotes Software Corp. |
//|                                         http://www.metaquotes.ru |
//+------------------------------------------------------------------+
//+--------------------------------------------------------------------+
//|                                                   TII_RLH          |
//|                                    Copyright © 2006, Robert Hill   |
//|                                       http://www.metaquotes.net/   |
//|                                                                    |
//| Based on the formula developed by M. H. PEE                        |
//|                                                                    |
//| Trend Intensity Index.                                             |
//|                                                                    |
//| TII is used to indicate the strength of the current trend in the   |
//| market. The stronger the current trend, the more likely the        |
//| market will continue moving in the current direction.              |
//| It is recommended to enter the market during a strong trend        |
//| and ride it until TII shows signs of a reversal, at which time     |
//| you should abandon your position and prepare to enter in the       |
//| opposite direction.                                                |
//| Pee recommends using a major period of 60 and a minor period of 30.|
//| Assuming these setting, TII is calculated as follows.              |
//| The 60 bar simple moving average (MA) is computed.                 |
//| The deviation between the closing price and this computed average  |
//| for each of the last 30 bars is computed (CL - MA).                |
//| Positive deviations (CL > MA) are summed to give SDPOS.            |
//| Negative deviations (CL < MA) are summed to give SDNEG.            |
//| Then, the 30 period TII is calculated as:                          |
//|     100 * SDPOS / (SDPOS - SDNEG).                                 |
//| TII ranges from a lower limit of 0 to an upper limit of 100        |
//| A TII value above 50 signals an uptrend                            |
//| A TII value of 80 means that 80% of the total deviations are up    |
//| When TII fall below 50, a downtrend is likely in place             |
//| 50 represents a level that is trend-neutral                        |
//| The closer TII is to 100, the stronger the current uptrend         |
//| The closer TII is to 0, the stronger the current downtrend         |
//|                                                                    |
//+--------------------------------------------------------------------+
#property  copyright "Copyright © 2006, Robert Hill "
#property  link      "http://www.metaquotes.net/"
//---- indicator settings
#property  indicator_separate_window
#property  indicator_buffers 1
#property  indicator_color1  Red
#property  indicator_width1  2
//----
extern int Major_Period=60;
extern int Major_MaMode=1; //0=sma, 1=ema, 2=smma, 3=lwma, 4=lsma
extern int Major_PriceMode=0;//0=close, 1=open, 2=high, 3=low, 4=median(high+low)/2, 5=typical(high+low+close)/3, 6=weighted(high+low+close+close)/4
extern int Minor_Period=30;
extern color LevelColor=Silver;
extern int BuyLevel=20;
extern int MidLevel=50;
extern int SellLevel=80;
//---- buffers
double ma[];
double ma_dev[];
double tii[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- drawing settings
   IndicatorBuffers(3);
   SetIndexStyle(0,DRAW_LINE);
   SetIndexDrawBegin(0,Major_Period);
   IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS)+2);
//---- 3 indicator buffers mapping
   if(!SetIndexBuffer(0,tii) &&
      !SetIndexBuffer(1,ma_dev) &&
      !SetIndexBuffer(2,ma))
      Print("cannot set indicator buffers!");
//---- name for DataWindow and indicator subwindow label
   IndicatorShortName(" TII  ,  Major_Period ( "+Major_Period+" )  ,  Minor_Period  ( "+Minor_Period+" ), ");
   SetLevelStyle(STYLE_DASH,1,LevelColor);
   SetLevelValue(0,BuyLevel);
   SetLevelValue(1,MidLevel);
   SetLevelValue(2,SellLevel);
//---- initialization done
   return(0);
  }
//+------------------------------------------------------------------+
//| LSMA with PriceMode                                              |
//| PrMode  0=close, 1=open, 2=high, 3=low, 4=median(high+low)/2,    |
//| 5=typical(high+low+close)/3, 6=weighted(high+low+close+close)/4  |
//+------------------------------------------------------------------+
double LSMA(int Rperiod, int prMode, int shift)
  {
   int i;
   double sum, pr;
   int length;
   double lengthvar;
   double tmp;
   double wt;
//----
   length=Rperiod;
   sum=0;
   for(i=length; i>=1 ;i--)
     {
      lengthvar=length + 1;
      lengthvar/=3;
      tmp=0;
      switch(prMode)
        {
         case 0: pr=Close[length-i+shift];break;
         case 1: pr=Open[length-i+shift];break;
         case 2: pr=High[length-i+shift];break;
         case 3: pr=Low[length-i+shift];break;
         case 4: pr=(High[length-i+shift] + Low[length-i+shift])/2;break;
         case 5: pr=(High[length-i+shift] + Low[length-i+shift] + Close[length-i+shift])/3;break;
         case 6: pr=(High[length-i+shift] + Low[length-i+shift] + Close[length-i+shift] + Close[length-i+shift])/4;break;
        }
      tmp =(i - lengthvar)*pr;
      sum+=tmp;
     }
   wt=sum*6/(length*(length+1));
//----
   return(wt);
  }
//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
int start()
  {
   int i,j,  limit;
   double sdPos, sdNeg;
   int    counted_bars=IndicatorCounted();
   if(counted_bars>0) counted_bars--;
   limit=Bars-counted_bars;
//----
   for(i=limit; i>=0; i--)
     {
      if (Major_MaMode==4)
        {
         ma[i]=LSMA(Major_Period, Major_PriceMode, i);
        }
      else
        {
         ma[i]=iMA(NULL,0,Major_Period,0,Major_MaMode,Major_PriceMode,i);
        }
      ma_dev[i]=Close[i] - ma[i];
     }
   //========== COLOR CODING ===========================================               
   for(i=0; i <=limit; i++)
     {
      sdPos=0;
      sdNeg=0;
      for(j=i;j<i+Minor_Period;j++)
        {
         if (ma_dev[j]>=0) sdPos=sdPos + ma_dev[j];
         if (ma_dev[j] < 0) sdNeg=sdNeg + ma_dev[j];
        }
      tii[i]=100 * sdPos/(sdPos - sdNeg);
     }
//----
   return(0);
  }
//+------------------------------------------------------------------+