The indicator DayImpuls T3 v3 is basically based on the combination of a DayImpuls with a T3 moving average.
This oscillator will inform you on both the trend and the strength of the market by measuring the slope of the moving average T3.
A rather bullish market is characterized by a position of the oscillator above level 0 and a rather bearish market by a position lower than this one.
The indicator also has 2 upper and lower bands, representing the last highest and last lowest of the oscillator according to periods that adapt automatically according to the timeframe on which the oscillator is active.
Indicator converted from MT4 version by a request in the English indicator’s forum.
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//PRC_DayImpuls T3 v3 | indicator //02.11.2017 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge // --- settings //per=14 //t3period=8 //b=0.7 // --- end of settings b2=b*b b3=b2*b c1=-b3 c2=(3*(b2+b3)) c3=-3*(2*b2+b+b3) c4=(1+3*b+b3+3*b2) n=max(1,t3period) n=1 + 0.5*(n-1) w1=2/(n + 1) w2=1 - w1 //mBar=d*per imp=0 //Level=0.0 for i=0 to per do imp=imp+(open[i]-close[i]) next imp=round(imp/pointsize) if (imp=0 ) then imp=0.0001 endif if (imp<>0 ) then imp=-imp DayImp=imp endif ddpo=DayImp e1=w1*ddpo + w2*e1 e2=w1*e1 + w2*e2 e3=w1*e2 + w2*e3 e4=w1*e3 + w2*e4 e5=w1*e4 + w2*e5 e6=w1*e5 + w2*e6 t3=c1*e6 + c2*e5 + c3*e4 + c4*e3 once NbBar = 1 if BarIndex < NbBar+2 then MyDay=openday dayminutes = 1440*(MyDay-MyDay[1]) MyHour=openhour hourminutes = 60*(MyHour-MyHour[1]) MyMin=openminute barminutes = MyMin - MyMin[1] + hourminutes + dayminutes barminutes=abs(barminutes) tf = lowest[NbBar](barminutes)[1] endif if tf=5 then N=288 elsif tf=15 then N=96 elsif tf=30 then N=48 elsif tf=60 then N=24 else N=288 endif mMax=DayImp[N-1] mMin=DayImp[N-1] for i = 0 to N-1 do if (mMax<DayImp[i]) then mMax=DayImp[i] endif if (mMin>DayImp[i]) then mMin=DayImp[i] endif next MaxLine = mMax MinLine = mMin ChanLineMax=mMax/2 ChanLineMin=mMin/2 return DayImp coloured(255,0,255) style(line,2), t3 coloured(255,0,0) style(line,3), MaxLine coloured(218,165,32) style(line,3), MinLine coloured(218,165,32) style(line,3), ChanLineMax coloured(0,100,0) style(line,2), ChanLineMin coloured(0,100,0) style(line,2), 0 coloured(100,100,100) style(dottedline) |
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