2012 May: Sentiment Zone Oscillator by Walid Khalil, MFTA, CFTe

SentimentZoneOsc.efs  

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File Name: SentimentZoneOsc.efs

 

Description:
Sentiment Zone Oscillator by Walid Khalil, MFTA, CFTe

 

Formula Parameters:

SentimentZoneOsc.efs

• Period: 14
• Use Dynamic Levels: true
• Dynamic Levels Period: 30
• Dynamic Levels % Range: 95

Notes:
The related article is copyrighted material. If you are not a subscriber of Stocks & Commodities, please visit www.traders.com.

 

Download File:
SentimentZoneOsc.efs

SentimentZoneOsc.efs



EFS Code:

SentimentZoneOsc.efs

/*********************************
Provided By:  
    Interactive Data Corporation (Copyright © 2012) 
    All rights reserved. This sample eSignal Formula Script (EFS)
    is for educational purposes only. Interactive Data Corporation
    reserves the right to modify and overwrite this EFS file with 
    each new release. 
	
Description:        
    Sentiment Zone Oscillator
 
Version:            1.0  14/03/2012

Formula Parameters:                     Default:
    Period                              14
    Use Dynamic Levels                  true
    Dynamic Levels Period               30
    Dynamic Levels % Range              95
    
Notes:
    The related article is copyrighted material. If you are not
    a subscriber of Stocks & Commodities, please visit www.traders.com.

**********************************/
var OB_LEVEL = 7;
var OS_LEVEL = -7;

var fpArray = new Array();

function preMain()
{
    setCursorLabelName("Sentiment Zone Osc", 0);
    setCursorLabelName("OverBought Level", 1);
    setCursorLabelName("OverSold Level", 2);
    
    setDefaultBarFgColor(Color.aqua, 0);
    setDefaultBarFgColor(Color.red, 1);
    setDefaultBarFgColor(Color.green, 2);
    
    setDefaultBarThickness(2, 0);
    setDefaultBarThickness(2, 1);
    setDefaultBarThickness(2, 2);
    
    var x=0;
    fpArray[x] = new FunctionParameter("gPeriod", FunctionParameter.NUMBER);
    with(fpArray[x++])
    {
	setName("Period");
	setLowerLimit(2);
        setUpperLimit(200);
        setDefault(14);
    }

    fpArray[x] = new FunctionParameter("gIsDynamicLevels", FunctionParameter.BOOLEAN);
    with(fpArray[x++])
    {
	setName("Use Dynamic Levels");
        setDefault(true);
    }
    
    fpArray[x] = new FunctionParameter("gExtremesPeriod", FunctionParameter.NUMBER);
    with(fpArray[x++])
    {
	setName("Dynamic Levels Period");
	setLowerLimit(2);
        setUpperLimit(200);
        setDefault(30);
    }
    
    fpArray[x] = new FunctionParameter("gPercentageRange", FunctionParameter.NUMBER);
    with(fpArray[x++])
    {
	setName("Dynamic Levels % Range");
	setLowerLimit(1);
        setUpperLimit(100);
        setDefault(95);
    }
}

var bInit = false;
var bVersion = null;

var xSZO = null;

var xHLP = null;
var xLLP = null;

function main(gPeriod, gIsDynamicLevels, gExtremesPeriod, gPercentageRange)
{
    if (bVersion == null) bVersion = verify();
    if (bVersion == false) return;     
        
    if (!bInit)
    {
        xSZO = efsInternal("calc_SZO", gPeriod);
        
        if (gIsDynamicLevels)
        {
            xHLP = hhv(gExtremesPeriod, xSZO);
            xLLP = llv(gExtremesPeriod, xSZO);
        }
        
        bInit = true;
    }

    var nOB = null;
    var nOS = null;
    
    if (gIsDynamicLevels)
    {
        var vHLP = xHLP.getValue(0);
        var vLLP = xLLP.getValue(0);
        
        if (vHLP == null || vLLP == null)
            return;
        
        var nRange = vHLP - vLLP;
        var nPRange = nRange * (gPercentageRange / 100);
        
        nOB = vLLP + nPRange;
        nOS = vHLP - nPRange;
        
        addBand(OB_LEVEL, PS_DASH, 1, Color.maroon, "obLevel");
        addBand(OS_LEVEL, PS_DASH, 1, Color.darkgreen, "osLevel")
    }
    else
    {
        nOB = OB_LEVEL;
        nOS = OS_LEVEL;
    }
        
    var vSZO = xSZO.getValue(0);
        
    if (vSZO == null)
        return;
    
    return new Array(vSZO, nOB, nOS);
}


var bInitSZO = false;

var xR = null;
var xSP = null;

// Sentiment Zone Oscillator
function calc_SZO(period)
{
    if (!bInitSZO)
    {
        xR = efsInternal("calc_Range");
        xSP = efsInternal("TEMA", period, xR);
        
        bInitSZO = true;
    }
    
    var vSP = xSP.getValue(0);

    if (vSP == null)
        return;
    
    return 100 * (vSP / period);          
}


// to include both time and sentiment
function calc_Range()
{
    var vC = close(0);
    var vvC = close(-1);
    
    if (vvC == null)
        return;
    
    if (vC > vvC)
        return 1;
    else 
        return -1;
}


var bInitTEMA = false;
var xEma1 = null;
var xEma2 = null;
var xEma3 = null;

// Triple Exponential Moving Average
function TEMA(period, series)
{   
    if(!bInitTEMA)
    {
        xEma1 = ema(period, series);
        xEma2 = ema(period, xEma1);
        xEma3 = ema(period, xEma2);
        
        bInitTEMA = true;    
    }   
    
    var vEma1 = xEma1.getValue(0);
    var vEma2 = xEma2.getValue(0);
    var vEma3 = xEma3.getValue(0);
    
    if (vEma3 == null) 
        return null;
    
    return 3 * vEma1 - 3 * vEma2 + vEma3;
}

// verify version
function verify() {
    var b = false;
    if (getBuildNumber() < 779) {
        drawTextAbsolute(5, 35, "This study requires version 8.0 or later.", 
            Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,
            null, 13, "error");
        drawTextAbsolute(5, 20, "Click HERE to upgrade.@URL=http://www.esignal.com/download/default.asp", 
            Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,
            null, 13, "upgrade");
        return b;
    } else {
        b = true;
    }
    return b;
}