Dynamic RSI for Amibroker (AFL)
joeoil over 14 years ago Amibroker (AFL)
Instead of the traditional fixed RSI = 30 and 70 thresholds to
define oversold and overbought, this AFL uses standard deviation to
determine dynamic overbought and oversold theshold lines.
This indicator I found at Purebytes.com, and was written by Jim Varney I think.
Dynamic RSI in conjunction with Center of Gravity indicator, found in Wisestocktrader library is an interesting combination.
- The indicator has not yet been approved by the Administrator.
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nice one