SupportResistance

by Uche in category Other at 11/01/2018
Description

This indicator will help you find support and resistance levels,increase the number of confirmations for stronger levels.

Download
222 downloads
How to install
Notification Publishing copyrighted material is strictly prohibited. If you believe there is copyrighted material in this section you may use the Copyright Infringement Notification form to submit a claim.
Formula / Source Code
Language: C#
Trading Platform: cAlgocTrader
//+------------------------------------------------------------------+
//|                                                SupportResistance |
//|                                       Copyright © 2016, UCHE OBI |
//|                                               Developer:UCHE OBI |
//|                                                 Skype:  OBI.UCHE |
//|                                      email:ucheceleste@Gmail.com | 
//+------------------------------------------------------------------+
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;

namespace cAlgo
{
    [Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class SupportResistance : Indicator
    {
        [Parameter(DefaultValue = 10)]
        public int range { get; set; }

        [Parameter(DefaultValue = 3)]
        public int confirmations { get; set; }

        [Output("Res", Color = Colors.Black, LineStyle = LineStyle.DotsVeryRare)]
        public IndicatorDataSeries resistance { get; set; }
        [Output("Sup", Color = Colors.Black, LineStyle = LineStyle.DotsVeryRare)]
        public IndicatorDataSeries support { get; set; }

        public double res;
        public double sup;

        private MarketSeries Series;


        protected override void Initialize()
        {
            // Initialize and create nested indicators
            Series = MarketSeries;
        }

        public override void Calculate(int index)
        {
            // Calculate value at specified index
            // Result[index] = ...

            var upline = (Series.Close.Maximum(range) + Series.High.Maximum(range)) / 2;
            var dnline = (Series.Close.Minimum(range) + Series.Low.Minimum(range)) / 2;
            resistance[index] = double.NaN;
            support[index] = double.NaN;
            if (resbarsconfirmed(upline, index) >= confirmations)
            {
                res = upline;
                ChartObjects.DrawLine("resline" + upline.ToString(), Series.OpenTime[index], upline, Series.OpenTime[index - range], upline, Colors.DarkRed, 2, LineStyle.Solid);
            }

            if (supbarsconfirmed(dnline, index) >= confirmations)
            {
                sup = dnline;
                ChartObjects.DrawLine("supline" + dnline.ToString(), Series.OpenTime[index], dnline, Series.OpenTime[index - range], dnline, Colors.DarkBlue, 2, LineStyle.Solid);
            }

        }
        private int resbarsconfirmed(double line, int index)
        {
            int touches = 0;
            for (int i = index; i > index - range; i--)
            {
                if (Series.Low[i] < line && Series.High[i] >= line && Series.Close[i] < line)
                    touches += 1;
                if (Series.Close[i] > line)
                    touches = 0;
            }
            return touches;
        }
        private int supbarsconfirmed(double line, int index)
        {
            int touches = 0;
            for (int i = index; i > index - range; i--)
            {
                if (Series.High[i] > line && Series.Low[i] <= line && Series.Close[i] > line)
                    touches += 1;
                if (Series.Close[i] < line)
                    touches = 0;
            }
            return touches;
        }
    }
}
Comments
0