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RSI of volume weighted moving average for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
oscillator, amibroker, rsi
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.
Screenshots
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 | _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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