Better RSI vizualization for trend finder for Amibroker (AFL)
somanathdas over 10 years ago Amibroker (AFL)
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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_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