Skip to main content

RSI over Price with Volume for Amibroker (AFL)

cbosein almost 16 years ago Amibroker (AFL)

  • Rating:
    3 / 5 (Votes 4)
  • Tags:
    oscillator, amibroker

Modified RSI plotted over price with Volume indication for EOD datas. Whenever Red line crosses Green line from bottom, Buy signal is initiated & vice-versa for Sell signal. Also you can find reversal level for next trading day by using “Quote editor” manually add close values for next day. Keep altering values till make new crossover of Red & green lines. That value will became reversal level.

Screenshots

Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("RSI over price");

// RSI.afl
//
dd = RSIa( C, 20);
ee = EMA( dd, 3 );
ff = EMA( ee, 5 );
Plot( C, "C", colorBlack, styleCandle );
Plot( dd, "RSI", colorRed, styleLine | styleOwnScale );
//Plot( ee, "RSI Sm", colorBlue, styleLine | styleOwnScale );
Plot( ff, "RSI Db Sm", colorGreen, styleLine | styleOwnScale );
_SECTION_END();


_SECTION_BEGIN("Volume");
Plot( Volume, _DEFAULT_NAME(), IIf( C >= Ref(C,-1), ParamColor("Up Color", colorGreen ), ParamColor("Down Color", colorRed ) ), styleNoTitle | ParamStyle( "Style", styleHistogram | styleOwnScale | styleThick | styleNoLabel, maskHistogram  ), 2 );
P = ParamField("Volume field",5);
Periods = Param("Periods", 5, 5, 200, 1, 5 );
VMA = MA( Volume, Periods );
//Plot( VMA, _DEFAULT_NAME(), ParamColor( "Color", colorYellow ), ParamStyle("Style", styleLine | styleNoRescale),2 );
_SECTION_END();

3 comments

1. cbosein
almost 16 years ago

Modified RSI with EMAS. Also added Buy and Sell indication. Suitable for EOD datas

Report as Spam

Leave Comment

Please login here to leave a comment.