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RSI ZERO LAG INDICATOR for Amibroker (AFL)

Rating:
4 / 5 (Votes 10)
Tags:
oscillator, amibroker

Hi friends as per your request i am posting the RSI indicator with zero lag and provided a buy and sell signal.The rsi parameters are changed to produce a bullish and bearish colour code.Always try to trade the divergences.Can be used in all timeframes.Hope you all enjoy and wishing you luck.
Prasad Muni

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("MODIFIED RSI ");
SetChartBkColor(ParamColor("Panel color ",colorBlack));
RP = Param("RSI",14,2,20,1);
UL= Param("Upper Limit",70,0,100,1);
LL= Param("Lower Limit",30,0,100,1);
PlotGrid(UL,colorBlue);    
PlotGrid(LL,colorBlue); 
R= RSIa(C, RP);
Plot(R, "MODIFIED RSI",  colorLime, styleThick);

Overbought=70;
Oversold=30;
Plot(Overbought,"Overbought Zone",colorBlue);
Plot(Oversold,"Oversold Zone",colorGreen);

Overbought=70;
Oversold=30;
Buy = Cross(R, Oversold) AND R > Oversold;
Sell = Cross(Overbought, R) AND R < Overbought;

PlotShapes(IIf(Sell, shapeDownArrow , shapeNone), colorRed);
PlotShapes(IIf(Buy, shapeUpArrow , shapeNone), colorGreen); 

_SECTION_END();

MaxGraph=10;
Period1=Param("Period 1", 10, 5, 50, 1);
Period2=Param("Period 2", 10, 5, 50, 1);
EMA1= EMA(R,Period1);
EMA2= EMA(EMA1,Period2);
Difference= EMA1 - EMA2;
ZeroLagEMA= EMA1 + Difference;
PR=abs(ZeroLagEMA); 

Graph0=PR;

MoveAvg=MA(PR,5);  

// Graph1=MoveAvg;          Remove the // if you want a Crossover MA to plot
// Graph1Color=colorTan;

Graph0Style=4;
upbar= PR>= MoveAvg AND PR>= Ref(PR,-1) ;
downbar=(PR < MoveAvg) OR PR>= MoveAvg AND PR< Ref(PR,-1) ;
barcolor = IIf( downbar,colorRed, IIf( upbar, colorBrightGreen, 7));
Graph0BarColor = ValueWhen( barcolor != 0, barcolor );
Graph2=30;
Graph3=70;

Graph2Style=Graph3Style=Graph4Style=1;
Graph4Color=2;
Graph2Color=5;
Graph3Color=4;

6 comments

1. Muralikrishna

clear indicator for Devergens

thank u sir

2. xray27

good indicator

3. immu_syed@yahoo.com

how to use above coding which save extention and how input amibroker plz support me
thanks

7. immu_syed@yahoo.com

WHERE THE FORMULA AUTOMATIC BBUY SELL SIGNAL PLZ GIVE AND ALL PROCESS ADD FORMULA AND SETTING

8. anse

كيف اعدل هذه المعادلة لتعمل على ايمي بروكر ابليز

Indicator: RevEngRSI-EMA


{RevEng EMARSI}
inputs:
         EmaPeriod( 45 ),
         WildPeriod( 14) ;
variables:
         EmaRSI( 0 ),
         AUC(0),
         ADC(0),
         RevEngEmaRSI(0),
         X( 0 ) ;
EmaRSI = XAverage( RSI( Close,WildPeriod ), EmaPeriod);
Value1 = Iff( Close > Close[1], Close - Close[1], 0) ;
AUC = XAverage( Value1, WildPeriod ) ;
Value2 =Iff( Close[1] > Close, Close[1] - Close, 0 ) ;
ADC = XAverage( Value2, WildPeriod ) ;
X = ( WildPeriod - 1 )*( ADC * EmaRSI
 / ( 100 - EmaRSI ) - AUC ) ;
RevEngEMARSI = Iff( X >= 0, Close + X,
 Close + X * ( 100 - EmaRSI ) / EmaRSI ) ;
Plot1[-1]( RevEngEMARSI, "EmaRSI" ) ;
 
Indicator: RevEngRSI-SMA
 {RevEng SMARSI}
Inputs:
         SmaPeriod( 45 ),
         WildPeriod( 14 );
variables:
         SmaRSI( 0 ),
         AUC( 0 ),
         ADC( 0 ),
         X( 0 ),
         RevEngSmaRSI( 0 );
SmaRSI = Average( RSI( Close, WildPeriod), SmaPeriod-1);
Value1 = Iff( Close > Close[1], Close - Close[1], 0 ) ;
AUC = XAverage( Value1, WildPeriod ) ;
Value2 = Iff( Close[1] > Close, Close[1] - Close, 0 ) ;
ADC = XAverage( Value2, WildPeriod ) ;
X = ( WildPeriod - 1 ) * ( ADC * SmaRSI
 / ( 100 - SmaRSI ) - AUC ) ;
RevEngSMARSI = Iff( X >= 0, Close + X,
 Close + X * ( 100 - SmaRSI ) / SmaRSI ) ;
if CurrentBar > ( SmaPeriod ) then
         Plot1[-1] ( RevEngSMARSI, "SmaRSI" ) ;
9. ppaskawati

Buy/sell signal in RSI. Good indicator and very helpful. Thank you.

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