RSI Convergence Divergence by Popov
53858 downloads / 6488 views / Created: 24.08.2015
Average Rating: 5
Indicator Description
RSI Convergence Divergence indicator compares two MA lines calculated on the RSI value and the market price.
We have Divergence when both MA are moving in opposite directions:
- RSA MA rises and Market MA falls; or
- RSA MA falls and Market MA rises.
We have Convergence when both MA are moving in equal direction:
- RSA MA rises and Market MA rises; or
- RSA MA falls and Market MA falls.
This indicator gives equal signals for both long and short positions. For example, if there is a Convergence, it allows both opening long and short positions. It means that we can use this indicator for an additional filter. It cannot determine the position direction alone.
The indicator can be placed in Opening Logic Condition slot and in Closing Logic Condition.
We have Divergence when both MA are moving in opposite directions:
- RSA MA rises and Market MA falls; or
- RSA MA falls and Market MA rises.
We have Convergence when both MA are moving in equal direction:
- RSA MA rises and Market MA rises; or
- RSA MA falls and Market MA falls.
This indicator gives equal signals for both long and short positions. For example, if there is a Convergence, it allows both opening long and short positions. It means that we can use this indicator for an additional filter. It cannot determine the position direction alone.
The indicator can be placed in Opening Logic Condition slot and in Closing Logic Condition.
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//==============================================================
// Forex Strategy Builder
// Copyright © Forex Software Ltd. All rights reserved.
//==============================================================
// THIS CODE IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND,
// EITHER EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO
// THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR
// A PARTICULAR PURPOSE.
//==============================================================
using System;
using System.Drawing;
using ForexStrategyBuilder.Indicators.Store;
using ForexStrategyBuilder.Infrastructure.Entities;
using ForexStrategyBuilder.Infrastructure.Enums;
using ForexStrategyBuilder.Infrastructure.Interfaces;
namespace ForexStrategyBuilder.Indicators.Custom
{
public class RSIConvergenceDivergence : Indicator
{
public RSIConvergenceDivergence()
{
IndicatorName = "RSI Convergence Divergence";
PossibleSlots = SlotTypes.OpenFilter | SlotTypes.CloseFilter;
SeparatedChart = true;
IsDeafultGroupAll = false;
IsGeneratable = true;
IndicatorAuthor = "Miroslav Popov";
IndicatorVersion = "1.0";
IndicatorDescription = "Measures convergence/divergence between the market and RSI." + Environment.NewLine +
"The indicator compares two MAs calculated on RSI and on bar Close.";
}
public override void Initialize(SlotTypes slotType)
{
SlotType = slotType;
// The ComboBox parameters
IndParam.ListParam[0].Caption = "Logic";
IndParam.ListParam[0].ItemList = new[] {"Convergence", "Divergence"};
IndParam.ListParam[0].Index = 0;
IndParam.ListParam[0].Text = IndParam.ListParam[0].ItemList[IndParam.ListParam[0].Index];
IndParam.ListParam[0].Enabled = true;
IndParam.ListParam[0].ToolTip = "Determines the entry conditions";
IndParam.ListParam[1].Caption = "RSI smoothing method";
IndParam.ListParam[1].ItemList = Enum.GetNames(typeof (MAMethod));
IndParam.ListParam[1].Index = (int) MAMethod.Smoothed;
IndParam.ListParam[1].Text = IndParam.ListParam[1].ItemList[IndParam.ListParam[1].Index];
IndParam.ListParam[1].Enabled = true;
IndParam.ListParam[1].ToolTip = "The Moving Average method used for smoothing RSI value.";
IndParam.ListParam[2].Caption = "Base price";
IndParam.ListParam[2].ItemList = Enum.GetNames(typeof(BasePrice));
IndParam.ListParam[2].Index = (int)BasePrice.Close;
IndParam.ListParam[2].Text = IndParam.ListParam[2].ItemList[IndParam.ListParam[2].Index];
IndParam.ListParam[2].Enabled = true;
IndParam.ListParam[2].ToolTip = "The price RSI is based on.";
// The NumericUpDown parameters
IndParam.NumParam[0].Caption = "RSI Smoothing period";
IndParam.NumParam[0].Value = 14;
IndParam.NumParam[0].Min = 1;
IndParam.NumParam[0].Max = 200;
IndParam.NumParam[0].Enabled = true;
IndParam.NumParam[0].ToolTip = "The period of smoothing of RSI value.";
IndParam.NumParam[1].Caption = "Reference MA period";
IndParam.NumParam[1].Value = 14;
IndParam.NumParam[1].Min = 1;
IndParam.NumParam[1].Max = 200;
IndParam.NumParam[1].Enabled = true;
IndParam.NumParam[1].ToolTip = "Convergence/divergence reference MA period.";
// The CheckBox parameters
IndParam.CheckParam[0].Caption = "Use previous bar value";
IndParam.CheckParam[0].Enabled = true;
IndParam.CheckParam[0].ToolTip = "Use the indicator value from the previous bar.";
}
public override void Calculate(IDataSet dataSet)
{
DataSet = dataSet;
// Reading the parameters
var basePrice = (BasePrice) IndParam.ListParam[2].Index;
var referencePeriod = (int) IndParam.NumParam[1].Value;
int previous = IndParam.CheckParam[0].Checked ? 1 : 0;
// Calculation
// ---------------------------------------------------------
var rsi = new RSI();
rsi.Initialize(SlotType);
rsi.IndParam.ListParam[1].Index = IndParam.ListParam[1].Index;
rsi.IndParam.ListParam[2].Index = IndParam.ListParam[2].Index;
rsi.IndParam.NumParam[0].Value = IndParam.NumParam[0].Value;
rsi.IndParam.CheckParam[0].Checked = IndParam.CheckParam[0].Checked;
rsi.Calculate(DataSet);
double[] indicatorMa = MovingAverage(referencePeriod, previous, MAMethod.Simple, rsi.Component[0].Value);
double[] marketMa = MovingAverage(referencePeriod, previous, MAMethod.Simple, Price(basePrice));
// ----------------------------------------------------------
int firstBar = rsi.Component[0].FirstBar + referencePeriod + 2;
var cd = new double[Bars];
if (IndParam.ListParam[0].Text == "Convergence")
for (int bar = firstBar; bar < Bars; bar++)
cd[bar] = IsConvergence(indicatorMa, marketMa, bar);
else if (IndParam.ListParam[0].Text == "Divergence")
for (int bar = firstBar; bar < Bars; bar++)
cd[bar] = IsDivergence(indicatorMa, marketMa, bar);
// Saving the components
Component = new IndicatorComp[4];
Component[0] = new IndicatorComp
{
CompName = "RSI",
DataType = IndComponentType.IndicatorValue,
ChartType = IndChartType.Line,
ChartColor = Color.Blue,
FirstBar = firstBar,
Value = rsi.Component[0].Value
};
Component[1] = new IndicatorComp
{
CompName = "RSI MA",
DataType = IndComponentType.IndicatorValue,
ChartType = IndChartType.Line,
ChartColor = Color.Red,
FirstBar = firstBar,
Value = indicatorMa
};
Component[2] = new IndicatorComp
{
ChartType = IndChartType.NoChart,
FirstBar = firstBar,
Value = cd
};
Component[3] = new IndicatorComp
{
ChartType = IndChartType.NoChart,
FirstBar = firstBar,
Value = cd
};
// Sets the Component's type
if (SlotType == SlotTypes.OpenFilter)
{
Component[2].DataType = IndComponentType.AllowOpenLong;
Component[2].CompName = "Is long entry allowed";
Component[3].DataType = IndComponentType.AllowOpenShort;
Component[3].CompName = "Is short entry allowed";
}
else if (SlotType == SlotTypes.CloseFilter)
{
Component[2].DataType = IndComponentType.ForceCloseLong;
Component[2].CompName = "Close out long position";
Component[3].DataType = IndComponentType.ForceCloseShort;
Component[3].CompName = "Close out short position";
}
}
public override void SetDescription()
{
var logic = "There is a " + IndParam.ListParam[0].Text + " between the market's MA and the indicator's MA";
EntryFilterLongDescription = logic;
EntryFilterShortDescription = logic;
ExitFilterLongDescription = logic;
ExitFilterShortDescription = logic;
}
private double IsConvergence(double[] ma1, double[] ma2, int bar)
{
double sigma = Sigma();
if (ma1[bar] > ma1[bar - 1] + sigma && ma2[bar] > ma2[bar - 1] + sigma)
return 1;
if (ma1[bar] < ma1[bar - 1] - sigma && ma2[bar] < ma2[bar - 1] - sigma)
return 1;
return 0;
}
private double IsDivergence(double[] ma1, double[] ma2, int bar)
{
double sigma = Sigma();
if (ma1[bar] > ma1[bar - 1] + sigma && ma2[bar] < ma2[bar - 1] - sigma)
return 1;
if (ma1[bar] < ma1[bar - 1] - sigma && ma2[bar] > ma2[bar - 1] + sigma)
return 1;
return 0;
}
}
}
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158//+--------------------------------------------------------------------+ //| Copyright: (C) 2015 Forex Software Ltd. | //| Website: http://forexsb.com/ | //| Support: http://forexsb.com/forum/ | //| License: Proprietary under the following circumstances: | //| | //| This code is a part of Forex Strategy Builder. It is free for | //| use as an integral part of Forex Strategy Builder. | //| One can modify it in order to improve the code or to fit it for | //| personal use. This code or any part of it cannot be used in | //| other applications without a permission. | //| The contact information cannot be changed. | //| | //| NO LIABILITY FOR CONSEQUENTIAL DAMAGES | //| | //| In no event shall the author be liable for any damages whatsoever | //| (including, without limitation, incidental, direct, indirect and | //| consequential damages, damages for loss of business profits, | //| business interruption, loss of business information, or other | //| pecuniary loss) arising out of the use or inability to use this | //| product, even if advised of the possibility of such damages. | //+--------------------------------------------------------------------+ #property copyright "Copyright (C) 2015 Forex Software Ltd." #property link "http://forexsb.com" #property version "1.0" #property strict #include <Forexsb.com/Indicator.mqh> #include <Forexsb.com/Enumerations.mqh> #include <Forexsb.com/Indicators/RSI.mqh> //## Requires RSI.mqh //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ class RSIConvergenceDivergence : public Indicator { double IsConvergence(double &ma1[],double &ma2[],int bar); double IsDivergence(double &ma1[],double &ma2[],int bar); public: RSIConvergenceDivergence(SlotTypes slotType) { SlotType=slotType; IndicatorName="RSI Convergence Divergence"; WarningMessage = ""; IsAllowLTF = true; ExecTime = ExecutionTime_DuringTheBar; IsSeparateChart = true; IsDiscreteValues = false; IsDeafultGroupAll = false; } virtual void Calculate(DataSet &dataSet); }; //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ void RSIConvergenceDivergence::Calculate(DataSet &dataSet) { Data=GetPointer(dataSet); // Reading the parameters BasePrice basePrice = (BasePrice)ListParam[2].Index; int referencePeriod=(int) NumParam[1].Value; int previous=CheckParam[0].Checked ? 1 : 0; // Calculation // --------------------------------------------------------- RSI *rsi=new RSI(SlotType); rsi.ListParam[1].Index = ListParam[1].Index; rsi.ListParam[2].Index = ListParam[2].Index; rsi.NumParam[0].Value = NumParam[0].Value; rsi.CheckParam[0].Checked=CheckParam[0].Checked; rsi.Calculate(dataSet); double indicatorMa[]; MovingAverage(referencePeriod,previous,MAMethod_Simple,rsi.Component[0].Value,indicatorMa); double adBasePrice[]; Price(basePrice,adBasePrice); double marketMa[]; MovingAverage(referencePeriod,previous,MAMethod_Simple,adBasePrice,marketMa); // ---------------------------------------------------------- int firstBar=rsi.Component[0].FirstBar+referencePeriod+2; double cd[]; ArrayResize(cd,Data.Bars); ArrayInitialize(cd,0); if(ListParam[0].Text=="Convergence") for(int bar= firstBar; bar<Data.Bars; bar++) cd[bar] = IsConvergence(indicatorMa,marketMa,bar); else if(ListParam[0].Text=="Divergence") for(int bar= firstBar; bar<Data.Bars; bar++) cd[bar] = IsDivergence(indicatorMa,marketMa,bar); // Saving the components Component[0].CompName = "RSI"; Component[0].DataType = IndComponentType_IndicatorValue; Component[0].FirstBar = firstBar; ArrayResize(Component[0].Value,Data.Bars); ArrayCopy(Component[0].Value,rsi.Component[0].Value); delete rsi; Component[1].CompName = "RSI MA"; Component[1].DataType = IndComponentType_IndicatorValue; Component[1].FirstBar = firstBar; ArrayResize(Component[1].Value,Data.Bars); ArrayCopy(Component[1].Value,indicatorMa); Component[2].FirstBar=firstBar; ArrayResize(Component[2].Value,Data.Bars); ArrayCopy(Component[2].Value,cd); Component[3].FirstBar=firstBar; ArrayResize(Component[3].Value,Data.Bars); ArrayCopy(Component[3].Value,cd); // Sets the Component's type. if(SlotType==SlotTypes_OpenFilter) { Component[2].DataType = IndComponentType_AllowOpenLong; Component[2].CompName = "Is long entry allowed"; Component[3].DataType = IndComponentType_AllowOpenShort; Component[3].CompName = "Is short entry allowed"; } else if(SlotType==SlotTypes_CloseFilter) { Component[2].DataType = IndComponentType_ForceCloseLong; Component[2].CompName = "Close out long position"; Component[3].DataType = IndComponentType_ForceCloseShort; Component[3].CompName = "Close out short position"; } } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ double RSIConvergenceDivergence::IsConvergence(double &ma1[],double &ma2[],int bar) { double sigma=Sigma(); if(ma1[bar]>ma1[bar-1]+sigma && ma2[bar]>ma2[bar-1]+sigma) return (1); if(ma1[bar]<ma1[bar-1]-sigma && ma2[bar]<ma2[bar-1]-sigma) return (1); return (0); } //+------------------------------------------------------------------+ //| | //+------------------------------------------------------------------+ double RSIConvergenceDivergence::IsDivergence(double &ma1[],double &ma2[],int bar) { double sigma=Sigma(); if(ma1[bar]>ma1[bar-1]+sigma && ma2[bar]<ma2[bar-1]-sigma) return (1); if(ma1[bar]<ma1[bar-1]-sigma && ma2[bar]>ma2[bar-1]+sigma) return (1); return (0); } //+------------------------------------------------------------------+
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Copyright © 2006 - 2025, Forex Software Ltd.;
Copyright © 2006 - 2025, Forex Software Ltd.;