Smooth RSI for Amibroker (AFL)
Dryden over 14 years ago Amibroker (AFL)
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
Indicator / Formula
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_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
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Great, thanks for sharing
GOOD ONE SIR AND THANKS FOR SHARING
PRASAD
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
GOOD ONE SIR AND THANKS FOR SHARING
PRASAD