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#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
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SLOW RSI for Amibroker (AFL)
Rating:
4 / 5 (Votes 2)
Tags:
oscillator, amibroker
CAN BE USED FOR DIVERGENCE
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Indicator / Formula
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// Slow RSI // WRITTEN BY THOMAS periods = Param( "Period", 6, 1, 100 ); smooth = Param( "Smoothing", 14, 1, 100 ); // use current symbol close price = Close; // but can use other security data too // price = Foreign( "∧SPX", "C" ); R1 = EMA( price, periods ); R2 = IIf( price > r1, price - R1, 0 ); R3 = iIf( price < r1, r1 - price, 0 ); R4 = Wilders( R2, smooth ); R5 = Wilders( R3, smooth ); RR = IIf( R5 == 0, 100, 100 - ( 100 / ( 1 + ( R4 / R5 ) ) ) ); Plot( RR, "SlowRSI" + _PARAM_VALUES(), colorRed );
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Thanks.
Copy paste from TASC Trader TIp