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Rsi Composite Index for Amibroker (AFL)
Rating:
4 / 5 (Votes 5)
Tags:
oscillator, amibroker
This is for Big Picture Investing
It shows Big shift in price.
Screenshots
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Indicator / Formula
Copy & Paste Friendly
Base=MA(RSI(14),6);
ATRcustom=HHV(
ValueWhen(RSI(14)>Ref(RSI(14),-1),ATR(1))OR
ValueWhen(RSI(14)>Ref(RSI(14),-2),ATR(1))OR
ValueWhen(RSI(14)>Ref(RSI(14),-3),ATR(1)),14);
Part1= (2.3*(MA(ATRcustom, 15))); //{up coefficient is a factor 2.3 AND added}
Part2= (2.1*(MA(ATRcustom, 15))); // {down coefficient is factor 2.1 AND subtracted}
Part3 = IIf( (Base >= Ref(Base,-1)),(base + Part1),(base + Part2) );
Plot(Part3,"composite index",IIf(part3>Ref(part3,-1),colorBrightGreen,12),5);
Plot(30,"30 LINE",colorGreen,styleThick);
Plot(70,"70 LINE",colorGreen,styleThick);
2 comments
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Hi, have you tried 1min charts??? It looks really great !!! Shows divergences either, better than RSI itself…
Tks a lot…
I do not get chart like anything like shown above … only a basic chart divergence etc. not shown nor background?
Dick