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

Reverse Engineering RSI for Amibroker (AFL)

Rating:
3 / 5 (Votes 5)
Tags:
amibroker, bands

Derived and coded in accordance with Constance Brown’s ‘Technical Analysis for the trading professional’.

Bullsupport and Bearresistance can be adjusted and directly plotted in candlestick chart. You now know exactly what close the next bar has to make in order to reach the specified RSI-values.

Have fun!

Screenshots

Similar Indicators / Formulas

%B of Bollinger Bands With Adaptive Zones
Submitted by kaiji almost 10 years ago
Trend Bands
Submitted by rogercraft over 9 years ago
Jurik's Spandex Band
Submitted by xavier about 8 years ago
Bollinger %B
Submitted by konidena over 9 years ago
Bollinger Band Squeeze & Expansion
Submitted by razasia over 9 years ago
Bands
Submitted by tanujaya over 8 years ago

Indicator / Formula

Copy & Paste Friendly
Value1 = Param("RSI BearResistance", 60, 1, 100, 0.1 );
Value2 = Param("RSI BullSupport", 40, 1, 100, 0.1 );
WildPer = Param("Time periods", 14, 1, 100 );
ExpPer = 2 * WildPer - 1;
AUC = EMA( Max( C - Ref( C, -1 ), 0 ), ExpPer );
ADC = EMA( Max( Ref( C, -1 ) - C, 0 ), ExpPer );
x1 = (WildPer - 1) * ( ADC * Value1 / (100-Value1) - AUC);
RevEngRSI1 = IIf( x1 >= 0, C + x1, C + x1 * (100-Value1)/Value1 );
x2 = (WildPer - 1) * ( ADC * Value2 / (100-Value2) - AUC);
RevEngRSI2 = IIf( x2 >= 0, C + x2, C + x2 * (100-Value2)/Value2 );

Plot( Close, Date()+", Close ", colorWhite, styleCandle );
Plot( RevEngRSI1, "RSIBearResistance( "+WriteVal(WildPer,1.0)+", "+ WriteVal(Value1, 1.2)+" )", colorRed );
Plot( RevEngRSI2, "RSIBullSupport( "+WriteVal(WildPer,1.0)+", "+ WriteVal(Value2, 1.2)+" )", colorGreen );

3 comments

1. akerstkh

EXCELLENT STUFF!
Thanks for sharing.

2. vishaljain

best afl…..

3. TechTradeRookie

…you’re very welcome!

Leave Comment

Please login here to leave a comment.

Back