Download RSI - Guru For Amibroker (AFL)

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex

EOD and Realtime

Dividends and Trust Distributions

And Much More ....

For Portfolio Manager Click Here

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators

Advanced Pattern Exploration

Neural Networks

And Much More ....

Find Out More Here

4 / 5 (Votes 3)

amibroker

Submitted by hbkwarez over 10 years ago

Submitted by MarcosEn over 13 years ago

Submitted by motorfly over 13 years ago

Submitted by durgesh1712 over 13 years ago

Submitted by Tinych over 13 years ago

Submitted by northstar over 13 years ago

Indicator

Copy & Paste Friendly

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

/* 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." ) ) ) );

1. anandnst

over 12 years ago

Cant c anything in this afl. Totally blank

Report as Spam

2. sajid

over 12 years ago

this is guru commentory ,,, u can not see on chart

Report as Spam

Stock Portfolio Organizer

WiseTrader Toolbox

RSI - Guru for Amibroker (AFL)
Jose Cardoso
over 12 years ago
Amibroker (AFL)

Similar Indicators / Formulas

Indicator / Formula

2 comments

Leave Comment