Double Ema Trend Indicator | Algorithmic Forex Trading

Double Ema Trend free

by duongss.trade in category Trend at 20/11/2022

Description

Let me present it briefly.
This is the trend for the chart from 2H and above.

The Turquoise line is for the current trend if it crosses the Black line.

The purpose of the indicator is for you to identify the exact trend

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How to install

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Formula / Source Code

Language: C#
Trading Platform: cAlgo, cTrader

using cAlgo.API;

namespace cAlgo
{
    [Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AutoRescale = false, AccessRights = AccessRights.None)]
    public class DoubleEMAtrend : Indicator
    {
        [Parameter("Source")]
        public DataSeries Source { get; set; }

        [Parameter("Periods", DefaultValue = 50)]
        public int PeriodsTrend { get; set; }

        [Parameter("Periods", DefaultValue = 100)]
        public int PeriodsBase { get; set; }

        [Output("trend", LineColor = "Turquoise", LineStyle = LineStyle.LinesDots,Thickness = 2)]
        public IndicatorDataSeries Result { get; set; }

        [Output("base",IsHistogram =false, LineColor = "Black", LineStyle = LineStyle.LinesDots ,Thickness = 2)]
        public IndicatorDataSeries ResultBase { get; set; }

        private double expTrend;
        private double expBase;
     
        protected override void Initialize()
        {
            expTrend = 2.0 / (PeriodsTrend + 1);
            expBase = 2.0 / (PeriodsBase + 1);
       
        }

        public override void Calculate(int index)
        {
       
            var previousValue = Result[index - 1];

            if (double.IsNaN(previousValue))
                Result[index] = Source[index];
            else
                Result[index] = Source[index] * expTrend + previousValue * (1 - expTrend);
                
                
            var previousValueBase = ResultBase[index - 1];
            
            if (double.IsNaN(previousValueBase))
                ResultBase[index] = Source[index];
            else
                ResultBase[index] = Source[index] * expBase + previousValueBase * (1 - expBase);
        }
    }
}

using cAlgo.API;

namespace cAlgo
{
    [Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AutoRescale = false, AccessRights = AccessRights.None)]
    public class DoubleEMAtrend : Indicator
    {
        [Parameter("Source")]
        public DataSeries Source { get; set; }

[Parameter("Periods", DefaultValue = 50)]
        public int PeriodsTrend { get; set; }

[Parameter("Periods", DefaultValue = 100)]
        public int PeriodsBase { get; set; }

[Output("trend", LineColor = "Turquoise", LineStyle = LineStyle.LinesDots,Thickness = 2)]
        public IndicatorDataSeries Result { get; set; }

[Output("base",IsHistogram =false, LineColor = "Black", LineStyle = LineStyle.LinesDots ,Thickness = 2)]
        public IndicatorDataSeries ResultBase { get; set; }

private double expTrend;
        private double expBase;
     
        protected override void Initialize()
        {
            expTrend = 2.0 / (PeriodsTrend + 1);
            expBase = 2.0 / (PeriodsBase + 1);
       
        }

public override void Calculate(int index)
        {
       
            var previousValue = Result[index - 1];

if (double.IsNaN(previousValue))
                Result[index] = Source[index];
            else
                Result[index] = Source[index] * expTrend + previousValue * (1 - expTrend);
                
                
            var previousValueBase = ResultBase[index - 1];
            
            if (double.IsNaN(previousValueBase))
                ResultBase[index] = Source[index];
            else
                ResultBase[index] = Source[index] * expBase + previousValueBase * (1 - expBase);
        }
    }
}

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