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#1 Selling Amibroker Plugin featuring:
RSI of volume weighted moving average for Amibroker (AFL)
This afl uses the RSIa function upon a volume weighted moving average. There are parameters to adjust the RSIa periods, VWMA periods and an additional ema smoothing period. I think Bollinger liked the 9 period RSI and a couple of double bottoms below 30.
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Similar Indicators / Formulas
Indicator / Formula
_SECTION_BEGIN("RSI of a Volume weighted moving average"); periods=Param("VWMA periods ",5,2,200,1); smoothing=Param("exp. smoothing of VWMA",3,2,200,1); rsiperiods=Param("rsi periods",9,2,200,1); Vwma = Sum((Volume*Close),periods)/Sum (Volume,periods); svwma=EMA(Vwma,smoothing); Plot(RSIa(SVwma,rsiperiods),"RSI of VWMA ",colorBlack,styleLine); Plot(70,"",colorRed,styleLine); Plot(30,"",colorGreen,styleLine); _SECTION_END();
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