InSync Index

Modified on 2020/12/31 06:07 by Eugene — Categorized as: Community Indicators

Syntax


public InSyncIndex(Bars bars, string description)
public static InSyncIndex Series(Bars bars)

Parameter Description

bars

A Bars object

Description

The Insync Index created by Norm North allows to show the consolidated status of an indicator group. Essentially, it's a consensus "master oscillator" that shows when a majority of the underlying indicators are acting in sync, suggesting that a turning point is near.

Interpretation

References:

Calculation

PDF article

Example

Sample stop-and-reverse system based on InSync Index crossovers:


using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;
using Community.Indicators;

namespace WealthLab.Strategies
{
	public class InSyncDemo : WealthScript
	{
		private StrategyParameter param1;
		private StrategyParameter param2;
		
		public InSyncDemo()
		{
			param1 = CreateParameter("Threshold 1", 5, 5, 35, 5);
			param2 = CreateParameter("Threshold 2", 95, 65, 95, 5);
		}
		
		protected override void Execute()
		{
			int t1 = param1.ValueInt;
			int t2 = param2.ValueInt;
				
			InSyncIndex i = InSyncIndex.Series( Bars );
			ChartPane iPane = CreatePane( 30, true, false );
			PlotSeries( iPane, i, Color.Blue, LineStyle.Solid, 1);
			DrawHorzLine( iPane, t1, Color.Black, LineStyle.Dashed, 1 );
			DrawHorzLine( iPane, t2, Color.Black, LineStyle.Dashed, 1 );
			HideVolume();

			for(int bar = i.FirstValidValue * 3; bar < Bars.Count; bar++)
			{
				bool buy = (ibar > t1) && (ibar-1 < t1);
				bool sell = (ibar < t2) && (ibar-1 > t2);

				// The first trade
				if (Positions.Count == 0){
					if ( buy ) 
						BuyAtMarket( bar + 1 );
					else if( sell )
						ShortAtMarket( bar + 1 );
				}
					// Subsequent trades
				else 
				{
					Position p = LastPosition;				
					if ( p.PositionType == PositionType.Long ) 
					{
						if ( sell ) 
						{
							SellAtMarket( bar + 1, p );
							ShortAtMarket( bar + 1 );
						}
					}
					else if ( buy ) 
					{
						CoverAtMarket( bar + 1, p );
						BuyAtMarket( bar + 1 );
					}
				}	
			}
		}
	}
}