Smoothed RSI Buy Signals for Amibroker (AFL)

nice work

Here is a modified version of the same indicator:

//Source: http://www.wisestocktrader.com/indicatorpasties/117-smoothed-rsi-buy-signals

_SECTION_BEGIN(“Background”);
SetChartOptions(0,chartShowArrows|chartShowDates);
SetChartBkColor(ParamColor(“Outer panel”,colorDarkOliveGreen)); // color of outer border
_SECTION_END();

_SECTION_BEGIN(“Smoothed RSI Buy Signals”);

SetBarsRequired(500,0);

showsig= ParamList(“Show Buy and sell signals?”,“Yes|No”);

//n1=7,n2=14,n3=21

n1= 7;
n2=n1*2;
n3=n1*3;

Plot(EMA (RSI,5), “SmoothRSI”, colorYellow,styleThick);

Cc=EMA (RSI,5);
A=EMA (RSI,5);
B=EMA (RSI,5);

Plot(A,“RSI 2”,ColorRGB(100,150,150), styleLine);
Plot(B,"",ColorRGB(100,150,150), styleLine);
PlotOHLC( 0, A , B ,B , “Cloud”, IIf(Cc > b AND Cc>50 ,colorBrightGreen,IIf(cc>b AND cc<50, colorBlue,IIf(cc<b AND cc>50, colorBlue,colorRed))), styleCloud|styleNoLabel);

Color30=IIf(V>EMA(V,10),colorBrightGreen,colorRed);
Color50=IIf(V>1.5*EMA(V,10),colorBrightGreen,colorRed);
Color70=IIf(V>2*EMA(V,10),colorBrightGreen,colorRed);

Plot(50, "", color50,styleDots, styleNoLabel);
Plot(30, "", color30, styleNoLabel);
Plot(70, "", color70, styleNoLabel);

if(showsig==“Yes”)
{

Buy=Cross(Cc,a);
Sell=Cross(b,Cc);

Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);

shape=Buy*shapeUpArrow + Sell*shapeDownArrow;

PlotShapes(shapeUpArrow*Buy, colorLime, 0, A, -35 );PlotShapes(shapeDownArrow*Sell, colorRed, 0, A, -35 );
}

Filter= V > 1.5*EMA (V, 10)AND EMA (RSI,5)<40 AND Cross( EMA (RSI,5), EMA (RSI,5));

AddColumn(Close,“Close”,1.2);
AddColumn(Volume,“Volume”,1.0);
AddColumn(V/EMA,“Vspurt”,1.0);
AddColumn( RSI;
AddColumn( ROC, “ROC”, 1.2 );
AddColumn( MFI;
AddColumn( OBV;
AddColumn( CCI;
AddColumn( Ultimate(), “Ultimate”, 1.4 );

_SECTION_END();

Hope you all like it!!