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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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_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();0 comments
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