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J.Wells Wilder Indicator Reactor

Category: Indicators By: deletedaccount14122020 Created: March 20, 2016, 1:18 PM
March 20, 2016, 1:18 PM
Indicators
5 Comments
J.Wells Wilder Indicator Reactor

The program allocates points to a running total when the conditions of an indicator are reached
Scores are between 1-5 as follows:
1 – Ranging Market. Do not trade
2 – Trend may be forming. Do not trade
3 – Early stages of trend. Monitor
4 – Trending Market. Trade
5 – Strong Trending Market. Trade

// Declaration of Indicators
Indicator2 = ADX[14]
Indicator3 = DIplus[14](close)
Indicator4 = DIminus[14](close)
Indicator5 = SAR[0.02,0.02,0.2]
Indicator6 = Average[10](close)
Indicator7 = ExponentialAverage[30](close)
Indicator8 = RSI[14](close)
//Events
Event1 = Indicator2 >= 15
Event2 = close > Indicator5
//Price above SAR
Event3 = Indicator3 > Indicator4
//DI+ above DI-
Event4 = Indicator6 > Indicator7
//10SMA above 30EMA
Event5 = indicator2 >= 20
//ADX above 20
Event6 = indicator2 >= 25
//ADX above 25
Event7 = indicator8 <70
//RSI below 70
Event8 = close < Indicator5
//Price below SAR
Event9 = Indicator3 < Indicator4
//DI+ below DI-
Event10 = Indicator6 < Indicator7
//10SMA below 30EMA
Event11 = Indicator8 >30
//RSI above 30
// Detection of bullish and bearish engulfing lines
IF Event7 AND Event6 AND Event5 AND Event4 AND Event3 AND Event2 AND Event1 THEN
 Score = 5
ELSIF Event7 AND Event5 AND Event4 AND Event3 AND Event2 AND Event1 THEN
 Score = 4
ELSIF (Event7 AND Event4 AND Event3 AND Event2 AND Event1) THEN
 Score = 3
ELSIF Event7 AND Event3 AND Event2 AND Event1 THEN
 Score = 2
ELSIF Event11 AND Event6 AND Event5 AND Event10 AND Event9 AND Event8 AND Event1 THEN
 Score = 5
ELSIF Event11 AND Event5 AND Event10 AND Event9 AND Event8 AND Event1 THEN
 Score = 4
ELSIF Event11 AND Event10 AND Event9 AND Event8 AND Event1 THEN
 Score = 3
ELSIF Event11 AND Event9 AND Event8 AND Event1 THEN
 Score = 2
ELSIF Event1 THEN
 Score = 1
ELSE
 Score = 0
ENDIF

RETURN Score

 

 

 

Download
Filename: JWellsWilder-indicator-Reactor.itf
Downloads: 220
Download
Filename: cad-dfb-1458472711p48cl.png
Downloads: 125
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Comments

Vish
10 years ago
#

Thanks I have added this in my watch list. Has anyone tried it yet ? Does it work on currencies and indices ? 

Anonymous
10 years ago
#

Thanks for your comments and yes, that is exactly how I set up the colour levels.

Investment Account
10 years ago
#

Wow great thanks ... looks good!

Do I set the colour shades up from within the indicator 'spanner options' and by inserting a horizontal line at 1,2,3,4 and 5 first then doing colours at those levels?

Many Thanks

GraHal

 

Anonymous
11 years ago
#

Thanks for pointing that out. I've linked a screenshot which shows the indicator. Note that it applies to both long and short trades. The trade trigger being a score of 4 or 5

Screen Shot 2016-03-20 at 23.18.29.png

zilliq
11 years ago
#

I'm afraid that the graph don't correspond to the indicator because it seems there is no "score" on graph

Thanks

Zilliq

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