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Smooth RSI and Stochastic with linear regression for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker
The indicator gives stochastic and rsi combinedly. Stocchastic is the yellow color line and RSI is the blue and red color line. Buy When the RSI is changing color from red to blue and sell when it is changing from blue to red. Oversold region is below 10 and overbought region is above 70.
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Indicator / Formula
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// Author Somanath Das @ somanath.das@gmail.com // dated 22/04/2016 Mob. No. : 9337799507 _SECTION_BEGIN( "Small Triggers" ); p1 = Param( "TL 1 Periods", 5, 5, 50, 1 ); p2 = Param( "TL 2 Periods", 2, 3, 25, 1 ); TL1 = LinearReg( C, p1 ); TL2 = EMA( TL1, p2 ); Col1 = IIf( TL1 > TL2, ParamColor( "TL Up Colour1", colorblue ), ParamColor( "TL Dn Colour1", colorred ) ); TL3=RSIa(TL2,2); TL4=EMA(StochK(5,2),2); Plot(90,"",colorRed,styleLine); Plot(70,"",colorRed,styleLine); Plot(50,"",Colorwhite,styleLine); Plot(30,"",colorGreen,styleLine); Plot(10,"",colorGreen,styleLine); Plot( TL3, "EMA(5)", Col1, styleLine|styleline | styleNoLabel ); // | styleThick Plot( TL4, "EMA(5)", Coloryellow, styleLine|styleline | styleNoLabel ); // | styleThick _SECTION_END();
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old trick to show , that he is having a new trading sytem……
The code what you posted is not match with the code. share all the code as per the graph.