Avramis River free

by traderfxmaster007 in category Trend at 06/10/2021
Description
  •  River is a visual identifications tool that can offer more information regarding market sentiment and clarity of price trend
  • Used to scan through markets to spot trending opportunities or warn of ranging conditions
  • Provides context to the price action and reflects support and resistance zones that can be used for trend following
  • Used in combination with other technical tools and techniques for execution purposes

Interpretation

  • Price action relative to the rivers
  • Crossover of rivers
  • Slope of rivers
  • Distance between rivers
  • Possible support and resistance levels

Uptrend

  • Price above the blue river
  • Blue river above the gold river
  • And the rivers strongly upward sloping

Downtrend

  • Price below the blue river
  • Blue river below the gold river
  • And the rivers strongly downward sloping

Weak Trend

  • Lower tops and lower bottoms
  • The weakness of the strength of the trend can be identified using the river
  • In a weak trend, we expect to see the rivers mixing the price not remaining completely below the blue river

 

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Formula / Source Code
Language: C#
Trading Platform: cAlgocTrader
´╗┐using cAlgo.API;
using cAlgo.API.Indicators;

namespace cAlgo
{
    [Cloud("Yellowhigh", "Yellowlow"), Cloud("UpperFilterLine", "LowerFilterLine"), Cloud("Bluelow", "Bluehigh")]
    [Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class NeilRiver : Indicator
    {

        [Parameter("Period", DefaultValue = 45)]
        public int Period { get; set; }

        [Parameter("Shift", DefaultValue = 20, MinValue = -100, MaxValue = 500)]
        public int Shift { get; set; }

        [Parameter("MA Type", DefaultValue = MovingAverageType.Exponential)]
        public MovingAverageType MAType { get; set; }

        [Parameter("Deviation", DefaultValue = 0.025)]
        public double Deviation { get; set; }

        [Output("UpperFilterLine", LineColor = "#FF5B0204")]
        public IndicatorDataSeries UpperBand { get; set; }

        [Output("LowerFilterLine", LineColor = "#FF5B0204")]
        public IndicatorDataSeries LowerBand { get; set; }

        [Output("Bluelow", LineColor = "#0071C1")]
        public IndicatorDataSeries BlueLower { get; set; }

        [Output("Bluehigh", LineColor = "#0071C1")]
        public IndicatorDataSeries BlueUpper { get; set; }

        [Output("Yellowhigh", LineColor = "#FFBEBF00")]
        public IndicatorDataSeries YellowUpper { get; set; }

        [Output("Yellowlow", LineColor = "#FFBEBF00")]
        public IndicatorDataSeries YellowLower { get; set; }

        private MovingAverage hi;
        private MovingAverage lo;
        private MovingAverage high;
        private MovingAverage low;
        private MovingAverage Yellowhigh;
        private MovingAverage Yellowlow;

        protected override void Initialize()
        {
            hi = Indicators.MovingAverage(Bars.HighPrices, Period, MAType);
            lo = Indicators.MovingAverage(Bars.LowPrices, Period, MAType);
            high = Indicators.MovingAverage(Bars.HighPrices, Period, MAType);
            low = Indicators.MovingAverage(Bars.LowPrices, Period, MAType);
            Yellowhigh = Indicators.MovingAverage(Bars.HighPrices, Period, MAType);
            Yellowlow = Indicators.MovingAverage(Bars.LowPrices, Period, MAType);
        }

        public override void Calculate(int index)
        {

            UpperBand[index] = hi.Result[index] * (1 + Deviation / 100);
            LowerBand[index] = lo.Result[index] * (1 - Deviation / 100);

            BlueUpper[index] = high.Result[index];
            BlueLower[index] = low.Result[index];

            YellowUpper[index + Shift] = high.Result[index];
            YellowLower[index + Shift] = low.Result[index];
        }

    }
}
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