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Smooth RSI for Amibroker (AFL)
Dryden
over 12 years ago
Amibroker (AFL)

Rating:
3 / 5 (Votes 9)
Tags:
oscillator, amibroker

this one is particular useful to me. Especially with drawing lines, I can predict a bounce pretty accurately on the dutch aex.
notice that myarray skips 2 previous bars, but uses the third. That worked the best on the aex.
although optimize is present in the code, you can’t use it yet, since it has no criteria to buy/sell
anyway….a good indicator, and worth to have a look at!

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("_smooth rsi");
SetChartOptions(0,0,chartGrid20 |chartGrid50 |chartGrid80);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} < open %g > < high %g > < low %g > < close %g > (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
SetChartBkColor(ParamColor("Outer panel color ",colorWhite)); // color of outer border 
SetChartBkGradientFill( ParamColor("Inner panel color upper half",colorWhite),
ParamColor("Inner panel color lower half",colorWhite)//color of inner panel
,ParamColor("behind Text Color", colorWhite));
GraphXSpace=5;

Hc=(O+H+L+C)/4;

Ho = AMA( Ref( Hc, -1 ), 0.5 );

pds = Optimize("pds ",Param("pds ",5,1,15,1),5,5,1);
myArray = (RSI( pds )+ RSIa( Ho,pds ) + Ref(RSIa(Ho,pds),-3))/3 ; 
Plot( myArray , " RSI ", IIf( myArray >Ref(myArray ,-1), colorGreen, colorRed ));
Plot(80,"RESISTENCE",colorRed, styleLine|styleDashed | styleThick);
Plot(50,"",colorBlack, styleLine|styleDashed | styleThick);
Plot(20,"SUPPORT",colorGreen, styleLine|styleDashed | styleThick);
_SECTION_END();

4 comments

1. nyoman.ardana

Great, thanks for sharing

2. prasadmuni

GOOD ONE SIR AND THANKS FOR SHARING
PRASAD

3. anandnst

INTERPRETATION OF THE SAME :: BUY A STOCK WHICH CROSSES ABOVE 50 AND HOLD IT TILL IT IS ABOVE 50 (RSI) AND SELL IT ABOVE 80. WATCH THE ACCURACY

4. merykhi

GOOD ONE SIR AND THANKS FOR SHARING
PRASAD

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