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a MOD of CSS..
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Author:  wicha [ Wed Mar 01, 2017 5:09 pm ]
Post subject:  a MOD of CSS..
Intro, basics:

Hello,

First of all i would like to thank for everyone who participated in the evolution of CurrencySlopeStrength. It is a must have indicator for everybody who trades forex. Thanks for Baluda for the concept, Steve who runs this site and a huge high-five for Gary who helped me out when I needed to (and I needed :) )

However i am studying RSI for years and I made some changes for myself on the CSS 1.0.0 (as far as I saw, the original is based on moving averages and atr)to calculate the slope from RSIs.


- Disclaimer: TF is 4H. Everything is set to this timeframe, however it works on other TFs as well. There can be other setups and you can play with it, I use this because at this time I found the best one. The Currencies’ behaviour differs from each other and you should calculate on that. Like CHF is less volatile than EUR, so its movements has less swings , or JPY makes ZIGZAGs lately. I just want to say that it is not a holy grail it works best on swinging currencies. There are basic patterns that are the essence of the bands and if you study them you will find many good entry points

An other possible way of using of the indi is to watch for trendline breaks. The BBs are mostly in sync with the trendlines, but the trendlines are stronger signals for a reverse or breakout.

Watch for second (sometimes third) peaks/troughs especially if they cannot reach the highs/lows as the first one. Usually it is a signal of the trend's end. Also formations, such as head-and-shoulders (there are 2 of them on my sample pic). H&S is one of the most common formation right after double tops/bottoms.

It is a shady area, but the drawed levels where the RSI has turned can forecast the endpoint of the next trend. I believe it is somehow connected with the Fibonacci retracements on the price charts, but I havent found any strict rules to that, further investigation is required.


What is in the code?

1.8 version

- I've made a small info panel to see all the major characteristics of the currencies.

TF: it is the CSS_RSI of the current TF. Nothing special

MA: if the MA is increasing, then green up arrow. if decreasing, red down arrow

RSI and BB: If the RSI is over the higher BB line, then you get 2 green up arrows. If it is between MA and higher BB, then it shows one lightgreen up arrow. If it is between MA and lower BB , then it shows one Pink down arrow and lastly 2 red down arrows for being under the lower BB line.

BB Width: (BB high-BB low) it shows the volatility of the RSI. Green color means increasing, Red decreasing.

At first glimpse, the values' interpretation is this (roughly):
0 - 2 No trades on the currency, BB is squeezed.
2.2 - 4.5 Breakout or a counter
4.5 - 7 Moderate trend
7.5+ (mostly higher, from 8.5+) - Wild moves, heavy trending

the colors help you to see if the price is in full power or the trend has run its course.

Hi_TF: predefined higher TF's RSI values.


Notice: By these new features the indi has became slow, so for trading don't use more than 200 bars if you want to change the TFs. Once it has loaded it has no problems, but firstly you have to wait; don't be too anxious. If any of you has improvements of how to make it faster, I'd be glad if you help me, but today this is the max that i could do.


1.7 version

- I've added the actual graphs of the crosses. So if you click EUR and USD you will see the EURUSD besides the two original graphs. For visibility it works only with 2 currencies, so if you click to another one it disappears.

- I've coded the options of MA / BB and Hi_TF into buttons also for easier handling

- Minor color changes of CHF and CAD

1.6 version

- RSI is 14 (non variable) - this is the standard and by changing the number you change mostly only the curves amplitude, so I stayed with the original one.

- SMA has changed to 12 and attached to the Bollinger Bands.

- Bollinger Bands (BB) : SD is 0.67. The BB act as a neutral zone. In order to accelerate first the RSI has to get out from the „river-bed”. The two BB lines act as a support or resistance lines, but their acts are largely depends on the actual case. Please see the sample pic to understand better, it is not so complex.

- Higher TF RSI (variable) : It is necessary to see that what happens on a larger TF if the move is a trend change or just a pullback. It has to set manually in case of autotimeframe too!

- Levels of RSI: the numbers on the left side I added are the derivatives of the levels of the right side in order to know the actual increase/decrease in prices. eg. level 50 = 50/50 = 1, level 66.6 is 66.6/33.3 =2 , level 30 is 30/70 =-2.33.

- And of course the buttons. It is a lot easier to click than trying to untangle those lines which is which. A really cool stuff, thanks Gary :)

I attach the mod of Slopestrenght, it shows all of the RSI values. I havent changed it on anything except levels of color changes (36/44/50/56/64)

I hope you find it useful

cheers
wicha

ps. please download here the latest versions, not from the posts. thanks.

I attached my default templates.
Author:  SteveHopwood [ Wed Mar 01, 2017 6:09 pm ]
Post subject:  a MOD of CSS..
wicha » Wed Mar 01, 2017 5:09 pm wrote:Hello,

First of all i would like to thank again the CSS indi, i love the concept. However i am studying RSI for years and
I made some changes for myself on the CSS 1.0.0 to calculate the slope from RSIs. Before I post anything i want to ask your permission to put this mod into public. I really appreciate your works. Thank you if you let me or just help me on e-mail or something



My coding ability is really poor, and i still need a SMA to these lines (each currency would have its own SMA, same period). Ive tried several times, but couldn't make it. Can anybody help me please?
Post it here and see if any of the indi coders here will help. I can't. Indi coders speak in strange tongues that I cannot comprehend, and indi code makes my brain boggle.

Ignores cries of, "Yes, but so does everything else."

:xm:
Author:  wicha [ Thu Mar 02, 2017 5:25 pm ]
Post subject:  a MOD of CSS..
thank you.

here is the file:
Currency Slope Strength_RSI.mq4
If anyone could help me i would really appreciate it.. I know it's a 10 minute programming (I almost done it, so it must be easy..:) ), but I don't understand how a program is built, so I'm stuck. somehow i should use iMAOnArray, but i don't understand the Array part, that is why I'm stuck..

What I need is an SMA of the currency lines, each has its own one. The SMA parameter should be an optional number (now i think the base should be 6) Their color should be the same as the RSI lines, but dotted.

Thanks in advance :)
Author:  gprince66 [ Sat Mar 04, 2017 7:41 pm ]
Post subject:  a MOD of CSS..
Hi wicha,

Try this out, I think it's what you're after.

I also included an indi with a button mod for showing individual lines. With a little copy/paste you can add the buttons.

Good luck trading,

Gary

.
Currency Slope Strength_RSI_v1.0.mq4
Gary's.BaludaSuperCSS.Buttons.v.2.2.mq4
Author:  wicha [ Mon Mar 06, 2017 12:47 pm ]
Post subject:  a MOD of CSS..
Thank you Gary it is awesome! :)

Right after I've uploaded I noticed that the RSI calculation was shifted a bit, I've corrected it works fine. I also put in the buttons and changed the line styles etc. Everything works correctly, except one thing. The lines are visible until the values remain the same. When a value changes, all of the lines are disappearing.


It is so weird to me... Can you check it please?
Author:  gprince66 [ Mon Mar 06, 2017 4:34 pm ]
Post subject:  a MOD of CSS..
Glad you like it.

I think the problem is in the button code. If you click a button it needs to know if it should display the iRSI line, the iMAOnArray line, or both. Adding if statements for each button click should fix the display problem.

This is not tested but should point you in the right direction...

Code: Select all

//there should be 8 if/else statements... one for each button
if(ObjectGetInteger(0,"USD",OBJPROP_STATE)==false && ObjectGetInteger(0,"All",OBJPROP_STATE)==false) 
{
   SetIndexStyle(0,DRAW_NONE);
   SetIndexStyle(8,DRAW_NONE);
}
else
{
   if(showiRSILines)
      SetIndexStyle(0,DRAW_LINE,RSI_Style,RSI_Width,currencyColors[0]);
	
   if(showiMALines)
      SetIndexStyle(8,DRAW_LINE,SMA_Style,SMA_Width,currencyColors[0]);
}
Author:  wicha [ Mon Mar 06, 2017 4:48 pm ]
Post subject:  a MOD of CSS..
as far as i see, the basic SMA and RSI lines are working well, the problem is with the Button section..
Author:  gprince66 [ Mon Mar 06, 2017 6:31 pm ]
Post subject:  a MOD of CSS..
See my post edit. should point you in the right direction.
Author:  gprince66 [ Mon Mar 06, 2017 6:58 pm ]
Post subject:  a MOD of CSS..
ok, found the culprit. this code needed moved from start() to init()...

Code: Select all

int i=0;

   //iRSI
   for ( i = 0; i < CURRENCYCOUNT; i++ )
   {
      if(showiRSILines)
         SetIndexStyle( i, DRAW_LINE, RSI_Style, RSI_Width, currencyColors[i] );
      else
         SetIndexStyle(i,DRAW_NONE);
   } 
   
   //iMAonArray
   for ( i = 8; i < CURRENCYCOUNT + 8; i++ )
   {
      if(showiMALines)
         SetIndexStyle( i, DRAW_LINE, SMA_Style, SMA_Width, currencyColors[i] );
      else
         SetIndexStyle(i,DRAW_NONE);
   }
Here is a version that works as intended, very nice addition wicha.

.
Author:  wicha [ Mon Mar 06, 2017 7:50 pm ]
Post subject:  a MOD of CSS..
Awesome! :) I'm really grateful for your helping :)

I made a small change on your 1.2 file: if buttons True, then you can change it by buttons, if False then you can edit in settings. I also put the lower TFs in.

Thanks again

Wicha
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