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#1 Selling Amibroker Plugin featuring:
RSI ZERO LAG INDICATOR for Amibroker (AFL)
Hi friends as per your request i am posting the RSI indicator with zero lag and provided a buy and sell signal.The rsi parameters are changed to produce a bullish and bearish colour code.Always try to trade the divergences.Can be used in all timeframes.Hope you all enjoy and wishing you luck.
Prasad Muni
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Indicator / Formula
_SECTION_BEGIN("MODIFIED RSI "); SetChartBkColor(ParamColor("Panel color ",colorBlack)); RP = Param("RSI",14,2,20,1); UL= Param("Upper Limit",70,0,100,1); LL= Param("Lower Limit",30,0,100,1); PlotGrid(UL,colorBlue); PlotGrid(LL,colorBlue); R= RSIa(C, RP); Plot(R, "MODIFIED RSI", colorLime, styleThick); Overbought=70; Oversold=30; Plot(Overbought,"Overbought Zone",colorBlue); Plot(Oversold,"Oversold Zone",colorGreen); Overbought=70; Oversold=30; Buy = Cross(R, Oversold) AND R > Oversold; Sell = Cross(Overbought, R) AND R < Overbought; PlotShapes(IIf(Sell, shapeDownArrow , shapeNone), colorRed); PlotShapes(IIf(Buy, shapeUpArrow , shapeNone), colorGreen); _SECTION_END(); MaxGraph=10; Period1=Param("Period 1", 10, 5, 50, 1); Period2=Param("Period 2", 10, 5, 50, 1); EMA1= EMA(R,Period1); EMA2= EMA(EMA1,Period2); Difference= EMA1 - EMA2; ZeroLagEMA= EMA1 + Difference; PR=abs(ZeroLagEMA); Graph0=PR; MoveAvg=MA(PR,5); // Graph1=MoveAvg; Remove the // if you want a Crossover MA to plot // Graph1Color=colorTan; Graph0Style=4; upbar= PR>= MoveAvg AND PR>= Ref(PR,-1) ; downbar=(PR < MoveAvg) OR PR>= MoveAvg AND PR< Ref(PR,-1) ; barcolor = IIf( downbar,colorRed, IIf( upbar, colorBrightGreen, 7)); Graph0BarColor = ValueWhen( barcolor != 0, barcolor ); Graph2=30; Graph3=70; Graph2Style=Graph3Style=Graph4Style=1; Graph4Color=2; Graph2Color=5; Graph3Color=4;
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clear indicator for Devergens
thank u sir
good indicator
how to use above coding which save extention and how input amibroker plz support me
thanks
WHERE THE FORMULA AUTOMATIC BBUY SELL SIGNAL PLZ GIVE AND ALL PROCESS ADD FORMULA AND SETTING
كيف اعدل هذه المعادلة لتعمل على ايمي بروكر ابليز
Buy/sell signal in RSI. Good indicator and very helpful. Thank you.