Re: Rotation Factor
Posted:
Fri Jan 11, 2019 9:07 am
by logicgate
Hello dear friend, hope all is good.
Can you compile a new MT4 version of Rotation Factor based on the code below? thanks!
_SECTION_BEGIN("Rotation Factor - Market Profile");
RF = 0;
NewDay = day() != Ref(day(), -1);
for(i=1;i<BarCount;i++)
{
if(NewDay[i]==True)
{
BarsUp[i]=0;
BarsDown[i]=0;
RF[i] = 0;
}
//If Current Bar Makes HH and HL
if(H[i]>H[i-1] AND L[i]>L[i-1] AND !NewDay[i])
{
RF[i]=RF[i-1]+2;
}
//If Current Bar Makes LH and LL
if(H[i]<H[i-1] AND L[i]<L[i-1] AND !NewDay[i])
{
RF[i]=RF[i-1]-2;
}
//If Current Bar Makes HH and LL
if(H[i]>H[i-1] AND L[i]<L[i-1] AND !NewDay[i])
{
RF[i]=RF[i-1];
}
//If Current Bar Makes LH and HL
if(H[i]<H[i-1] AND L[i]>L[i-1] AND !NewDay[i])
{
RF[i]=RF[i-1];
}
if(H[i]==H[i-1] AND L[i]>L[i-1] AND !NewDay[i])
{
RF[i]=RF[i-1]+1;
}
if(H[i]>H[i-1] AND L[i]==L[i-1] AND !NewDay[i])
{
RF[i]=RF[i-1]+1;
}
if(H[i]<H[i-1] AND L[i]==L[i-1] AND !NewDay[i])
{
RF[i]=RF[i-1]-1;
}
if(H[i]==H[i-1] AND L[i]<L[i-1] AND !NewDay[i])
{
RF[i]=RF[i-1]-1;
}
}
Plot(0,"",colorred,styleline);
Plot(RF,"Rotational Factor", IIf(RF>0,colorGreen,colorRed),styleHistogram | stylethick);
_SECTION_END();
Re: Rotation Factor
Posted:
Sun Jan 13, 2019 7:56 am
by Apprentice
Your request is added to the development list under Id Number 4422
Re: Rotation Factor
Posted:
Tue Jan 15, 2019 4:25 pm
by Alexander.Gettinger
Please try this indicator:
- CRF2.mq4
- (4.96 KiB) Downloaded 646 times
Re: Rotation Factor
Posted:
Mon Oct 07, 2019 3:12 pm
by logicgate
My friend, can you please make this indicator to show only a label with the value so we can drag and drop anywhere on chart?
Label like RF: 8 for example
Also, the indicator should reset calculation at 00:00 (the start of a new daily bar) otherwise it is always accumulating.
It would be interesting if we had the option to choose the start time of the reset, for example, if I might be interested in seeing the rotation factor to start calculating at 08:00 (NY forex session open)
Cheers
Re: Rotation Factor
Posted:
Wed Oct 09, 2019 11:04 am
by Apprentice
Your request is added to the development list.
Development reference 164.