MaxMin Bands Indicator | Algorithmic Forex Trading

MaxMin Bands free

by qualitiedx2 in category Other at 16/05/2012

Description

This indicator is used to visualize the lowest Low and the Highest High for the last X bars. You can use it effectively to calculate the value of the Trailing Stop of your orders.

MaxMin Bands

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Formula / Source Code

Language: C#
Trading Platform: cAlgo, cTrader

using System;
using cAlgo.API;
using cAlgo.API.Indicators;

namespace cAlgo.Indicators
{
    [Indicator(IsOverlay = true, AccessRights = AccessRights.None)]
    public class NewIndicator : Indicator
    {
        [Parameter(DefaultValue = 5)]
        public int period { get; set; }

        [Output("Maxband" , Color = Colors.Blue)]
        public IndicatorDataSeries maxband { get; set; }
        
        [Output("Minband", Color = Colors.Red)]
        public IndicatorDataSeries minband { get; set; }
        
		double lower;
		double higher;

        public override void Calculate(int index)
        {
			lower = MarketSeries.Low[index];
			higher = MarketSeries.High[index];
			
			for (int i=0;i<period;i++)
			{
				if(MarketSeries.Low[index-i]<lower)
				{
					lower = MarketSeries.Low[index-i];
				}
				if(MarketSeries.High[index-i]>higher)
				{
					higher = MarketSeries.High[index-i];
				}
				minband[index]=lower;
				maxband[index]=higher;
			}
        }
    }
}

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Comments

hermoso - July 23, 2012 @ 18:42

Hello, tks a lot for this code. I having a problem here. How do i call custom indicators inside my robot? I dont know hot to initialize this. tks