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RainbowOscillator

Summary

Developed by Mel Widner, Rainbow Oscillator is based on multiple moving averages and helps to identify trends and provides overbought/oversold levels.

Signature 

1
public abstract interface RainbowOscillator

Namespace

cAlgo.API.Indicators

Examples

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 //...
 private RainbowOscillator rainbow;
 //...
 protected override void Initialize()
 {
     rainbow = Indicators.RainbowOscillator
         (MarketSeries.Close, 9, MovingAverageType.Simple);
     //...
 }
 public override void Calculate(int index)
 {
     double result = rainbow.Result[index];
     //...
 }

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 using cAlgo.API;
 using cAlgo.API.Indicators;
 namespace cAlgo.Robots
 {
     // This sample cBot shows how to use the Rainbow Oscillator indicator
     [Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
     public class RainbowOscillatorSample : Robot
     {
         private double _volumeInUnits;
         private RainbowOscillator _rainbowOscillator;
         private SimpleMovingAverage _simpleMovingAverage;
         [Parameter("Volume (Lots)", DefaultValue = 0.01)]
         public double VolumeInLots { get; set; }
         [Parameter("Stop Loss (Pips)", DefaultValue = 10)]
         public double StopLossInPips { get; set; }
         [Parameter("Take Profit (Pips)", DefaultValue = 10)]
         public double TakeProfitInPips { get; set; }
         [Parameter("Label", DefaultValue = "Sample")]
         public string Label { get; set; }
         public Position[] BotPositions
         {
             get
             {
                 return Positions.FindAll(Label);
             }
         }
         protected override void OnStart()
         {
             _volumeInUnits = Symbol.QuantityToVolumeInUnits(VolumeInLots);
             _rainbowOscillator = Indicators.RainbowOscillator(Bars.ClosePrices, 9, MovingAverageType.Simple);
             _simpleMovingAverage = Indicators.SimpleMovingAverage(_rainbowOscillator.Result, 9);
         }
         protected override void OnBar()
         {
             if (_rainbowOscillator.Result.HasCrossedAbove(_simpleMovingAverage.Result, 0))
             {
                 ClosePositions(TradeType.Buy);
                 ExecuteMarketOrder(TradeType.Sell, SymbolName, _volumeInUnits, Label, StopLossInPips, TakeProfitInPips);
             }
             else if (_rainbowOscillator.Result.HasCrossedBelow(_simpleMovingAverage.Result, 0))
             {
                 ClosePositions(TradeType.Sell);
                 ExecuteMarketOrder(TradeType.Buy, SymbolName, _volumeInUnits, Label, StopLossInPips, TakeProfitInPips);
             }
         }
         private void ClosePositions(TradeType tradeType)
         {
             foreach (var position in BotPositions)
             {
                 if (position.TradeType != tradeType) continue;
                 ClosePosition(position);
             }
         }
     }
 }

Properties

Result

Summary

Gets the resulting time series of the Rainbow Oscillator indicator calculation.

Signature 

1
public abstract IndicatorDataSeries Result {get;}

Return Value

IndicatorDataSeries

Examples

 1
 2
 3
 4
 5
 6
 7
 8
 9
10
11
12
13
14
 //...
 private RainbowOscillator rainbow;
 //...
 protected override void Initialize()
 {
     rainbow = Indicators.RainbowOscillator
         (MarketSeries.Close, 9, MovingAverageType.Simple);
     //...
 }
 public override void Calculate(int index)
 {
     double result = rainbow.Result[index];
     //...
 }