Simple Indicator Needed using ASI & MA + RSI on 2 different periods

MQL4 Indicators

Job finished

Execution time 25 minutes
Feedback from customer
Great Contractor! Communication on skype was open at all times of the project. Indy does just as requested. Will hire again in due time. Thanks mate!
Feedback from employee
Very excellent customer!!! Brave man, once again i want to work together in this men. I offer you too... Thank you for good job!!!

Specification

I need a simple indicator made ASAP

 

Code remains our property and is not to be released to public domain 


Below is the formula for the ASI portion of the indicator.

On top of this Id like to have a MA 50 overlaying the ASI

Plus RSI set to 14 Period

& RSI set to 4 period

 

The indicator should draw Buy /Sell arrows when price overlaps MA line.

Id like the option to add the RSI as a additional filter for buy/sell signals with the option to turn on.

 ie if RSI is above 80 sell if below 20 buy 

 

Indicator must have the option to turn off either of the RSI's or MA

 

Plus have option to alert and push notifications 

 

Description

Indicator Accumulation Swing Index was developed by Welles Wilder, Jr. and is described in his book "New Concepts in Technical Trading Systems". The indicator is a simple index of fluctuations which is similar in its form to price change in financial assets.

Formula

SI(i)=50*(CLOSE(i-1)-CLOSE(i)+0,5*(CLOSE(i-1)-OPEN(i-1))+0,25*(CLOSE(i)-OPEN(i))/R)*(K/T)

ASI(i) = ASI(i-1) + SI(i), where


SI (i) - current value of Swing Index technical indicator;

SI (i - 1) - value of Swing Index technical indicator on the previous bar;

CLOSE (i) - current closing price;

CLOSE (i - 1) - previous closing price;

OPEN (i) - current opening price;

OPEN (i - 1) - previous closing price;

R - parameter which is calculated according to formula based on the ratio between current closing price and previous maximum and minimum.

K - is the biggest of two values: HIGH (i - 1) - CLOSE (i)) и (LOW (i - 1) - CLOSE (i));

T - maximum price change during trading session;

ASI (i) - current value of Accumulation Swing Index.

Trading use

Wilder’s book "New Concepts in Technical Trading Systems" provides the following description of the indicator. "When ASI is placed at the same daily chart, the trends figured on the indicator can be compared to the levels on the chart. For those who know how to draw relevant levels of trends, ASI may be helpful tool which indicates the breakthrough of trendline. The wrong breakthrough of trendline on the chart will not be approved with the corresponding lines on the indicator’s chart. Due to the fact that closing price is used to a greater extent, price change during the day is not bad influence on the index of the indicator."

Accumulation Swing Index is also good at trend when it is used simultaneously with SMA(50) indicator as a signal line. The points where ASI crosses SMA upside or downside are trade signals which point out both the entry area in the direction of the trend which is developing and exit area in case the indicator crosses the signal line in the inverse direction.

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Project information

Budget
20 - 30 USD
For the developer
18 - 27 USD
Deadline
from 1 to 3 day(s)