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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
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Advanced Pattern Exploration
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RSI Divergences with Buy/ Sell for Amibroker (AFL)
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_SECTION_BEGIN("RSI DIVERGENCE");
GraphXSpace=7;
n=Param("% Reverse ",20,0,100,1);
Buy=Sell=0;
Var = Zig(RSI(), n);
t= Trough(RSI(), n, 1);
p= Peak(RSI(), n, 1);
x[0] =Var[0];
price[0] = C[0];
j=0;
// bearish divergence
for ( i=0; i<BarCount; i++)
{
if(Var[i] == p[i])
{
j++;
x[j] =Var[i];
price[j] =C[i];
if(x[j] <x[j-1] && price[j-1]< price[j])
Sell[i] =1;
}
}
// bullish divergence
for ( i=0; i<BarCount; i++)
{
if(Var[i] == t[i])
{
j++;
x[j] =Var[i];
price[j] =C[i];
if(x[j] >x[j-1] && price[j]<price[j-1])
Buy[i] =1;
}
}
//Plot(Var, "", 40, styleThick);
Plot(RSI(n),"RSI",IIf(RSI(n) <= 30, colorBrightGreen,IIf(RSI(n) <= 50, colorGreen,IIf(RSI(n) <= 70, colorRed,colorPink))),stylethick);
PlotShapes ( IIf(Sell, shapeCircle, shapeNone), colorGold, 0 , Var,0);
PlotShapes ( IIf(Sell, shapeDownArrow, shapeNone), colorRed, 0 , Var,-10);
PlotShapes( IIf(Buy, shapeCircle, shapeNone), colorGold, 0, Var,0);
PlotShapes( IIf(Buy, shapeUpArrow, shapeNone), colorBrightGreen, 0, Var,-10);
Plot(70, "Overbought", colorRed,styledots) ;
Plot(30, "Oversold", colorGreen,styledots) ;
Plot(50, "Center", colorBlue,styledots) ;
_SECTION_END();