- ago
I am venturing into building custom indicators (totally new to me) . Wonder if anyone can give me a little help.

I would like to create the RSI of an EMA(Close-Open) as an indicator (slight different from WL8's RSEMA by Vitali Apirine)

The strategy c# code is :

CODE:
         co = bars.Close - bars.Open;        coema = EMA.Series(co, period1 );          newind = RSI.Series(coema, period2);


CODE:
    private TimeSeries co;       private TimeSeries coema;       private IndicatorBase newind;


where period1-2 are external parameters

After looking into the New Indicator template I am not sure where to place both timeseries. Appreciate any help setting up this indicator here

Many thanks
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- ago
#1
CODE:
using WealthLab.Core; using System; using WealthLab.Indicators; namespace WealthLab.MyIndicators { public class RSIofEMA : IndicatorBase { public RSIofEMA() : base() { } public RSIofEMA(TimeSeries source, int period1, int period2) : base() { Parameters[0].Value = source; Parameters[1].Value = period1;          Parameters[2].Value = period1; Populate(); } public static RSIofEMA Series(TimeSeries source, int period1, int period2) => new RSIofEMA(source, period1, period2); public override string Name => "RSI of EMA"; public override string Abbreviation => "RSIofEMA"; public override string HelpDescription => "RSI of EMA(Close-Open)"; public override string PaneTag => "RSIofEMA"; public override void Populate() {          BarHistory source = Parameters[0].AsBarHistory; Int32 period1 = Parameters[1].AsInt;          Int32 period2 = Parameters[2].AsInt; DateTimes = source.DateTimes; if (period1 <= 0 || period2 <= 0) return;          TimeSeries co = source.Close - source.Open;          TimeSeries coema = EMA.Series(co, period1);          TimeSeries newind = RSI.Series(coema, period2); for (int n = 0; n < source.Count; n++)             Values[n] = newind[n]; } protected override void GenerateParameters() { AddParameter("Source", ParameterType.BarHistory, null); AddParameter("Period1", ParameterType.Int32, 10);          AddParameter("Period2", ParameterType.Int32, 20); } } }
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Glitch8
 ( 7.81% )
- ago
#2
Note, you could use the built in indicator IndOnInd to achieve this. It lets you apply one indicator to another.

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- ago
#3
Dion, topic starter is looking to apply his 2nd level indicator to the difference of (bars.Close - bars.Open) which is hard to accomplish with Transformer indicators, if possible.
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- ago
#4
Really appreciate the fast turnaround and apologies for not getting back sooner. The (new) custom indicator is giving different readings than c# code and still working on figuring out the difference. Thanks again - much appreciate it.
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- ago
#5
In Reply# 1, you might want to change

CODE:
namespace WealthLab.MyIndicators;
to
CODE:
namespace WealthLab.Indicators;
so the compiler flags duplicate indicator names from existing WL indicators. This is done in the example for creating an indicator library, and it's a good idea.

Of course, you can call the project name "MyIndicators" so your indicators are listed in their own folder.
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- ago
#6
thank you @superticker

@Eugene/Glitch - confirming all good, only a minor detail with timeseries vs. barhistory when using blocks. replaced 1st parameter to barhistory type and indicator is working fine. thanks again
2
- ago
#7
When starting a 2nd instance of WL8 the above indicator (udo.dll) is said to be used by the 1st WL8 instance. I am in admin mode. This issue doesn't happen with any other indicator - any advice on what to change to enable the custom indicator to be used in 2 WL8 instances on the same PC? Many thanks

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- ago
#8
Call this a limitation.
1
Glitch8
 ( 7.81% )
- ago
#9
The solution would be to build an indicator library DLL in Visual Studio. It's about a one hour job, and if you would like us to create it for you it could be a good test pilot of our custom development services we plan to introduce soon. If you're interested email me at dion@wealth-lab.com!
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- ago
#10
sounds good, thank you for the offer
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