Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

RSI Up Down for Amibroker (AFL)

Rating:
3 / 5 (Votes 4)
Tags:
oscillator, trading system, amibroker

This indicator is available in Falcon charts from http://reliable.co.in/ .This is very lesser known but good indicator available in Falcon. This is based on RSI.

Indicator / Formula

Copy & Paste Friendly
function RSIUP( period )
{
av = Param("EMA",10,1,100,1);
P = N = 0;
EM = EMA(C,av);

result = Null;
K = 2/(period + 1);
for( i = 1; i < BarCount; i++ )
{

diff = EM[ i ] - EM[ i - 1 ];
W = S = 0;
if( diff > 0 ) 
	W = diff;
if( diff < 0 ) 
	S = -diff;



P = ( ( period -1 ) * P + W ) / period;
N = ( ( period -1 ) * N + S ) / period;

if( i >= period )
result[ i ] = P;
}
return result;

} 

function RSIDN( period )
{
av = Param("EMA",10,1,100,1);
P = N = 0;
EM = EMA(C,av);

result = Null;
K = 2/(period + 1);
for( i = 1; i < BarCount; i++ )
{

diff = EM[ i ] - EM[ i - 1 ];
W = S = 0;
if( diff > 0 ) 
	W = diff;
if( diff < 0 ) 
	S = -diff;



P = ( ( period -1 ) * P + W ) / period;
N = ( ( period -1 ) * N + S ) / period;


if( i >= period )
result[ i ] = N;
}
return result;

} 


Title = "RSI Up Down";
pr = Param("Period",14,1,100,1);



Plot( RSIUP( pr ), "RSI UP", colorGreen );
Plot( RSIDN( pr ), "RSI Down", colorRed );

Buy = Cross( RSIUP( pr ),RSIDN( pr ));
Sell = Cross(RSIDN( pr ),RSIUP( pr ));
shape = Buy * shapeUpArrow + Sell * shapeDownArrow;
PlotShapes( shape, IIf( Buy, colorGreen, colorRed ) );

0 comments

Leave Comment

Please login here to leave a comment.

Back