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RSI with modified rules for Amibroker (AFL)

3 / 5 (Votes 2)
oscillator, amibroker

I hope this formula of mine will help traders.

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Indicator / Formula

Copy & Paste Friendly
RP = Param("RSI",14,2,20,1);
UL= Param("Upper Limit",70,0,100,1);
LL= Param("Lower Limit",30,0,100,1);
R= RSIa(C, RP);
Plot(R, "MODIFIED RSI",  colorBlue, styleLine);

PlotOHLC( R,R,50,R, "", IIf( R > 50, colorRed , colorGreen ), styleCloud | styleClipMinMax, LL, UL ); 



1. rajbaheti

Friends, there was a small mistake in typing the formula while uploading in this website.
Please but this _ before section in starting, so that formula works smooth.


2. administrator

Thanks, I fixed it up.

3. Pascal SAMSON

Good AFL. Thank you.

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