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RSI in Heiken Ashi for Amibroker (AFL)

Rating:
4 / 5 (Votes 7)
Tags:
oscillator, amibroker

It shows the RSI of Heikin-Ahshi candles with respect to overbought/oversold levels.

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("RSI in Heiken Ashi");

periods = Param( "Periods", 15, 1, 200, 1 );

HaClose = (RSIa(Open, periods)+RSIa(High, periods)+RSIa(Low,periods)+RSIa(Close,periods))/4;

HaOpen = AMA( Ref( HaClose, -1 ), 0.5 );

HaHigh = Max( RSIa(High, periods), Max( HaClose, HaOpen ) );

HaLow = Min( RSIa(Low,periods), Min( HaClose, HaOpen ) );

PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, _DEFAULT_NAME(), colorBlack, styleCandle );

Plot(70,"",colorRed,styleLine);

Plot(30,"",colorGreen,styleLine);

_SECTION_END();

3 comments

1. Pascal SAMSON

Hi and thanks a lot for this RSI.
It is indeed very efficient to determine tops, bottoms and pivots.

Cheers.

2. sacanbu

nice formula. helpful indeed. thanx dude

3. sunmetal

hi,this indi looks great,can anyone atach the .ex file ,I don’t know how to program an indicator,thanks in advance!

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