RSI of a Volume weighted moving average for Amibroker (AFL)
limit over 16 years ago Amibroker (AFL)
Indicating Overbought-Oversold Zones
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_SECTION_BEGIN("RSI of a Volume weighted moving average");
SetChartBkGradientFill( ParamColor("BgTop", colorBlack),
ParamColor("BgBottom", colorBlack),ParamColor("titleblock",colorBlack ));
periods=Param("VWMA periods ",5,2,200,1);
smoothing=Param("exp. smoothing of VWMA",3,2,200,1);
rsiperiods=Param("rsi periods",14,2,200,1);
Vwma = Sum((Volume*Close),periods)/Sum (Volume,periods);
svwma=EMA(Vwma,smoothing);
Plot(RSIa(SVwma,rsiperiods),"RSI of VWMA ",colorCustom14,styleThick,styleLine);
Plot(70,"",colorGreen,styleDots,styleLine);
Plot(30,"",colorRed,styleDots,styleLine);
_SECTION_END();3 comments
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good for me thanks
Good
Very useful indeed.
Regards,
TA_MakDee from Dhaka, Bangladesh.