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RSI of volume weighted moving average for Amibroker (AFL)

5 / 5 (Votes 1)

This afl uses the RSIa function upon a volume weighted moving average. There are parameters to adjust the RSIa periods, VWMA periods and an additional ema smoothing period. I think Bollinger liked the 9 period RSI and a couple of double bottoms below 30.

Here is a screenshot of how the indicator looks:
Rsi-vwma

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