Inside Bar Sun
by Popov
6083 downloads / 5160 views
/ Created: 23.05.2013
Indicator Description
Inside Bar with Sunday correction
This correction was requested and inspired by ahmedalhoseny.
If your broker starts quotation on Sunday, short bars appear in the historical rates on a daily chart. This bar together with the previous Friday bar forms an Inside Bar formation.
To prevent this the indicator compares Firday and Thursday in order to rise a signal on Monday.
Further to this the indicator merges the bars from Sunday and Monday before comparing with the Friday bar.
Indicator doesn't place signal on Sunday.
Forum topic for this indicator:
Inside Bar with Sunday correction
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using System ;
using ForexStrategyBuilder . Infrastructure . Entities ;
using ForexStrategyBuilder . Infrastructure . Enums ;
using ForexStrategyBuilder . Infrastructure . Interfaces ;
namespace ForexStrategyBuilder . Indicators . Store
{
public class InsideBarSun : Indicator
{
public InsideBarSun ( )
{
IndicatorName = "Inside Bar Sun" ;
PossibleSlots = SlotTypes . OpenFilter ;
IndicatorAuthor = "Miroslav Popov" ;
IndicatorVersion = "2.0" ;
IndicatorDescription = "Merges Sunday bar in Monday." ;
}
public override void Initialize ( SlotTypes slotType )
{
SlotType = slotType ;
IndParam . IndicatorType = TypeOfIndicator . DateTime ;
IndParam . ListParam [ 0 ] . Caption = "Logic" ;
IndParam . ListParam [ 0 ] . ItemList = new string [ ]
{
"There is an Inside Bar formation" ,
} ;
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 = "Indicator's logic." ;
}
public override void Calculate ( IDataSet dataSet )
{
DataSet = dataSet ;
int iFirstBar = 4 ;
double [ ] adIB = new double [ Bars ] ;
for ( int iBar = iFirstBar ; iBar < Bars ; iBar ++ )
{
if ( Time [ iBar ] . DayOfWeek == DayOfWeek . Monday && Time [ iBar - 1 ] . DayOfWeek == DayOfWeek . Sunday )
{
double friHigh = High [ iBar - 2 ] ;
double friLow = Low [ iBar - 2 ] ;
double thuHigh = High [ iBar - 3 ] ;
double thuLow = Low [ iBar - 3 ] ;
adIB [ iBar ] = ( friHigh < thuHigh && friLow > thuLow ) ? 1 : 0 ;
}
else if ( Time [ iBar ] . DayOfWeek == DayOfWeek . Tuesday && Time [ iBar - 2 ] . DayOfWeek == DayOfWeek . Sunday )
{
double monLow = Math . Min ( Low [ iBar - 1 ] , Low [ iBar - 2 ] ) ;
double monHigh = Math . Max ( High [ iBar - 1 ] , High [ iBar - 2 ] ) ;
double friHigh = High [ iBar - 3 ] ;
double friLow = Low [ iBar - 3 ] ;
adIB [ iBar ] = ( monHigh < friHigh && monLow > friLow ) ? 1 : 0 ;
}
else
{
adIB [ iBar ] = ( High [ iBar - 1 ] < High [ iBar - 2 ] && Low [ iBar - 1 ] > Low [ iBar - 2 ] ) ? 1 : 0 ;
}
if ( Time [ iBar ] . DayOfWeek == DayOfWeek . Sunday )
{
adIB [ iBar ] = 0 ;
}
}
Component = new IndicatorComp [ 2 ] ;
Component [ 0 ] = new IndicatorComp ( ) ;
Component [ 0 ] . CompName = "Allow long entry" ;
Component [ 0 ] . DataType = IndComponentType . AllowOpenLong ;
Component [ 0 ] . ChartType = IndChartType . NoChart ;
Component [ 0 ] . FirstBar = iFirstBar ;
Component [ 0 ] . Value = adIB ;
Component [ 1 ] = new IndicatorComp ( ) ;
Component [ 1 ] . CompName = "Allow short entry" ;
Component [ 1 ] . DataType = IndComponentType . AllowOpenShort ;
Component [ 1 ] . ChartType = IndChartType . NoChart ;
Component [ 1 ] . FirstBar = iFirstBar ;
Component [ 1 ] . Value = adIB ;
}
public override void SetDescription ( )
{
EntryFilterLongDescription = "there is an Inside Bar formation" ;
EntryFilterShortDescription = "there is an Inside Bar formation" ;
}
public override string ToString ( )
{
return IndicatorName ;
}
}
}
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