Download RSI with BB For Amibroker (AFL)

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4 / 5 (Votes 4)

oscillator, amibroker, bands

Instead of using RSI 70/30 levels it is more accurate to use it with the Bollinger Bands. This formula draws Bollinger Bands also draw lines for 70/30 levels. This is a working progress, I am planning to add Divergence arrows to the same formula in future.

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_SECTION_BEGIN("RSI-BB");
 
T1=Param("RSI Period",14,1,200,1);
 
T2=Param("BBand Period",50,1,200,1);
 
T3=Param("BBand Standard Deviations",2.1,1,5,0.1);
 
fn1=RSIa(C,T1);
 
fn2=BBandBot(fn1,T2,T3);
 
fn3=BBandTop(fn1,T2,T3);
 
 
Plot(fn1,"RSI",colorGreen);
Plot(fn2,"BBBot",ParamColor( "Color", colorCycle ),ParamStyle("Style", styleLine ));
Plot(fn3,"BBTop",ParamColor( "Color", colorCycle ),ParamStyle("Style", styleLine ));
 
_SECTION_END();
 
_SECTION_BEGIN("RSI-70");
Plot(70, "RSI", ParamColor( "Color", colorGreen ), ParamStyle("Style", styleDashed )); 
_SECTION_END();
 
_SECTION_BEGIN("RSI-50"); 
Plot(50, "RSI", ParamColor( "Color", colorLightGrey ), ParamStyle("Style", styleDashed )); 
_SECTION_END();
 
_SECTION_BEGIN("RSI-30");
Plot(30, "RSI", ParamColor( "Color", colorRed ), ParamStyle("Style", styleDashed )); 
_SECTION_END();

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RSI with BB for Amibroker (AFL)
ravivulli
over 9 years ago
Amibroker (AFL)

Indicator / Formula

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