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Better RSI vizualization for trend finder for Amibroker (AFL)
Rating:
3 / 5 (Votes 8)
Tags:
oscillator, amibroker
This RSI will give you better visualization for overbrought and oversold condition. Also it give you idea about RSI divergence. Positive divergence : RSI is forming rising high where as price is forming falling low. That means market will go up. Also is easy to visualize just the opposite one RSI negative divergence.
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Indicator / Formula
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_SECTION_BEGIN("RSIMinMax");
SetChartOptions(0,0,chartGrid30|chartGrid50|chartGrid70);
periods = Param( "Periods", 14, 2, 200, 1 );
maxClip = Param( "maxClip", 80, 1, 100, 1 );
minClip = Param( "minClip", 20, 1, 100, 1 );
Plot( RSI( periods), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ),
ParamStyle("Style") );
r = RSI(periods);
PlotOHLC( r,r,50,r, "", IIf( r > 50, colorRed, colorBrightGreen ), styleCloud |
styleNoLabel | styleClipMinMax, minClip, maxClip );
max1Clip = Param( "max1Clip", 70, 1, 100, 1 );
min1Clip = Param( "min1Clip", 30, 1, 100, 1 );
r = RSI(periods);
PlotOHLC( r,r,50,r, "", IIf( r > 50, colorBlue, colorOrange ), styleCloud |
styleNoLabel | styleClipMinMax, min1Clip, max1Clip );
max2Clip = Param( "max2Clip", 55, 1, 100, 1 );
min2Clip = Param( "min2Clip", 45, 1, 100, 1 );
r = RSI(periods);
PlotOHLC( r,r,50,r, "", IIf( r > 50, colorYellow, colorYellow ), styleCloud |
styleNoLabel | styleClipMinMax, min2Clip, max2Clip );
max3Clip = Param( "max3Clip", 46, 1, 100, 1 );
min3Clip = Param( "min3Clip", 54, 1, 100, 1 );
r = RSI(periods);
PlotOHLC( r,r,50,r, "", IIf( r > 50, colorGreen, colorRed ), styleCloud |
styleNoLabel | styleClipMinMax, min3Clip, max3Clip );
_SECTION_END();7 comments
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Good one.
Max & min limits are 80 and 20? or 70 & 30 ?
thanks
viswanath
max and min 70 & 30
its a good afl…
superb
Good AFL
good afl ……
i need to do one coding …. an u help that ……
Good AFL