///+------------------------------------------------------------------ //| RSIFilter_v1.mq4 //| Copyright 2006, Forex-TSD.com //| Written by IgorAD,igorad2003@yahoo.co.uk //| http://finance.groups.yahoo.com/group/TrendLaboratory //+------------------------------------------------------------------ #property copyright "Copyright 2006, Forex-TSD.com " #property link "http://www.forex-tsd.com/" #property indicator_separate_window #property indicator_minimum -2 #property indicator_maximum 2 #property indicator_buffers 2 #property indicator_color1 DeepSkyBlue #property indicator_color2 Red //---- input parameters extern int PeriodRSI=14; //---- indicator buffers double UpBuffer[]; double DnBuffer[]; //+------------------------------------------------------------------ //| Custom indicator initialization function //+------------------------------------------------------------------ int init() { string short_name; //---- indicator line SetIndexStyle(0,DRAW_HISTOGRAM,STYLE_SOLID,1); SetIndexStyle(1,DRAW_HISTOGRAM,STYLE_SOLID,1); SetIndexBuffer(0,UpBuffer); SetIndexBuffer(1,DnBuffer); IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS)); //---- name for DataWindow and indicator subwindow label short_name="RSI Filter("+PeriodRSI+") (Down trade only when down bars are orange)"; IndicatorShortName(short_name); SetIndexLabel(0,"UpTrend"); SetIndexLabel(1,"DownTrend"); //---- SetIndexDrawBegin(0,PeriodRSI); SetIndexDrawBegin(1,PeriodRSI); //---- return(0); } //+------------------------------------------------------------------ //| RSIFilter_v1 //+------------------------------------------------------------------ int start() { int shift,trend; double RSI0; for(shift=Bars-PeriodRSI-1;shift>=0;shift--) { RSI0=iRSI(NULL,0,PeriodRSI,PRICE_CLOSE,shift); if (RSI0>70) trend=1; if (RSI0<30) trend=-1; if (trend>0) { if (RSI0 > 40) UpBuffer[shift]=1.0; else UpBuffer[shift] = EMPTY_VALUE; DnBuffer[shift]=0; } if (trend<0) { if (RSI0 < 60) DnBuffer[shift]=-1.0; else DnBuffer[shift] = EMPTY_VALUE; UpBuffer[shift]=0; } } return(0); } //+------------------------------------------------------------------+