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#1 Selling Amibroker Plugin featuring:
RSI - Guru for Amibroker (AFL)
Failure Swings also known as support or resistance penetrations or
breakouts
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Indicator / Formula
/* File: RSI Guru Commentary ** Requirements: AmiBroker 3.0 (AFL 1.1) ** Last Modified: TJ, Mar 22nd, 1999 */ "Review of " + Name() +" as of "+Date(); vrsi = RSI( 14 ); Buy = Cross( vrsi, 30 ); Sell = Cross( 70, vrsi ); "\nThe current value for the 14 day RSI is " + WriteVal( vrsi ); "\nThe RSI, written by J. Welles Wilder in 1978, can be used in several different ways to analyze a chart.\n"; "Tops and Bottoms"; "================\n"; WriteIf( vrsi > 70, "The RSI is above 70. This is where it usually tops. The RSI usually forms tops AND bottoms before the underlying security.", WriteIf( vrsi < 30, "The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops AND bottoms before the underlying security.", "The RSI is not currently in a topping (above 70) or bottoming (below 30) range. " + WriteIf( Cross( 70, vrsi ), "However, the RSI just crossed below 70 from a topping formation. This is a bearish sign.", WriteIf( Cross( vrsi, 30 ), "However, the RSI just crossed above 30 from a bottoming formation. This is a bullish sign.", "" ) ) ) ); bars30 = BarsSince( Buy ); bars70 = BarsSince( Sell ); "\nBuy/Sell signals"; "================\n"; "A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. \nThe last Signal was a "+ WriteIf( bars30 < bars70, "buy", WriteIf( bars30 > bars70, "sell", "" ))+ WriteVal( Min( bars30, bars70 ), 3.0 ) + " period(s) ago."; "\nChart Formations"; "================\n"; "The RSI often forms chart patterns (such as head and shoulders or rising wedges) that may OR may NOT be visible on the price chart. "+ "Since the analysis of chart patterns is subjective, the Guru Advisor cannot find them. You will have to visually inspect the RSI indicator to look for such patterns."; "\nFailure Swings (also known as support or resistance penetrations or breakouts"; "=============================================================================\n"; WriteIf( vrsi >= HHV( vrsi, 14 ), "The RSI has just reached its highest value in the last 14 period(s). This is bullish.", WriteIf( vrsi <= LLV( vrsi, 14 ), "The RSI has just reached its lowest value in the last 14 period(s). This is bearish.", "The RSI does not currently show any Failure Swings." ) ); "\nSupport and Resistance"; "======================\n"; "The RSI shows, sometimes more clearly than the price chart, levels of support AND resistance."+ "As with chart formations, this is subjective, so you must visually inspect the chart to determine this."; "\nDivergence"; "==========\n"; WriteIf( Close >= HHV( Close, 14 ) AND vrsi < HHV( vrsi, 14 ), "The security price has set a new 14-day high while the RSI has not. This is a bearish Divergence.", WriteIf( vrsi >= HHV( vrsi, 14 ) AND Close < HHV( Close, 14 ), "The RSI has set a new 14-day high while the security price has not. This is a bullish Divergence.", WriteIf( Close <= LLV( Close, 14 ) AND vrsi > LLV( vrsi, 14 ), "The security price has set a new 14-day low while the RSI has not. This is a bullish Divergence.", WriteIf( vrsi <= LLV( vrsi, 14) AND Close > LLV(Close,14), "The RSI has set a new 14-day low while the security price has not. This is a bearish Divergence.", "The RSI and price are not diverging." ) ) ) );
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Cant c anything in this afl. Totally blank
this is guru commentory ,,, u can not see on chart