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RSIS for Amibroker (AFL)
Rating:
4 / 5 (Votes 2)
Tags:
oscillator, trading system, amibroker, overbought, oversold
Overbought/Oversold Indicator, same as normaly RSI, but with special moving and low whipsaws. Scale goes from ~ -20 to ~110, this could be changed by your adjustment. Buy methods as every other overbought/oversold Indicator. I’ve added my buy method, which gives sometimes very good signals, but it’s not the holy grail. Test your own way. As with every Indicator you should need other technics, such as chart patterns, etc.. to filter false signals.
By Thomas Zmuck – thomas.zm [at] aon.at
Screenshots
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Indicator / Formula
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/*RSIS Overbought/Oversold Indicator*/ /*Version 1.0*/ /*Last modified: 26-01-2002 by Thomas Zmuck*/ /*Adjustment-Part*/ pds = 5; P=RSI(pds); Movperiods=2; tp=3; A=2.5; /*Formula*/ y=Sum( Cum( 1 ),tp ); y1=( tp * Sum( Cum( 1 ) * P,tp ) - Sum( Cum( 1 ),tp) * Sum( P,tp) ) / (tp * Sum( ( Cum( 1 )*Cum(1)),tp ) - ( y*y ) ) * Cum( 1 ) + (MA(P,tp) - MA( Cum( 1 ),tp) * (tp * Sum( Cum( 1 ) * P,tp) - Sum( Cum( 1 ),tp ) * Sum( P,tp) ) / (tp * Sum( ( Cum( 1 )*Cum(1) ),tp) - ( y*y ) ) ); slope=LinRegSlope(P,tp); y2=IIf(slope>0 AND y1>HHV(P,3),HHV(P,3), IIf(slope<0 AND y1<LLV(P,3),LLV(P,3),y1)); y3= EMA(y2,movperiods); e1= EMA(P,movperiods + 1); e2= EMA(e1,movperiods + 1); e3= EMA(e2,movperiods + 1); e4= EMA(e3,movperiods + 1); e5= EMA(e4,movperiods + 1); e6= EMA(e5,movperiods + 1); c1=-A*A*A; c2=3*A*A+3*A*A*A; c3=-6*A*A-3*A-3*A*A*A; c4=1+3*A+A*A*A+3*A*A; t3=c1*e6+c2*e5+c3*e4+c4*e3; RSIS = (y3 + t3) / 2; /*End Formula*/ /*Graph-Part*/ Plot(RSIS,"RSIS",6,1); /*End Graph-Part*/ /*Buy Conditions (not used, only for testing systems*/ Cond1 = Ref(RSIS,-1)<20; Cond2 = Ref(RSIS,-2)<20; Cond3 = Ref(RSIS,-1) < Ref(RSIS,-2); Cond4 = Ref(RSIS,-2) < Ref(RSIS,-3); Cond5 = RSIS > Ref(RSIS,-1); Cond6 = CCI(30)<100 AND CCI(30)>-100; /*Buy and Sell Conditions*/ Buy = Ref(rsis,-1)<50 AND RSIs > Ref(RSIs,-1); Sell = Ref(rsis,-1)>70 AND RSIs < Ref(RSIs,-1); Buy = ExRem(Buy,Sell); Sell = ExRem(Sell,Buy); /*End Buy and Sell Conditions*/ /*Title-Part*/ Title = Name() + " RSIS periods = " + WriteVal(pds,1) + " movperiods = " + WriteVal(movperiods,1)+ " tp = " + WriteVal(tp,1.1) + " A = " + WriteVal(A,1.1); /*End Title-Part*/
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