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RSI Divergence Trading for Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
oscillator, trading system, amibroker

RSI Divergence Buy or Sell Scan

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Indicator / Formula

Copy & Paste Friendly
//RSI(9) DIVERGENCE BUY:
Buy = RSI(9) >= HHV(RSI(9),-19) AND Close <HHV(Close,-19) OR Close <= LLV(Close,-19) AND RSI(9) > LLV(RSI(9),-19);

//RSI(9) DIVERGENCE SELL:
Sell = Close >= HHV(Close,-19) AND RSI(9)<HHV(RSI(9),-19) OR RSI(9) <= LLV(RSI(9),-19) AND Close > LLV(Close,-19);

Filter=(Buy OR Sell);

Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);

PlotShapes(IIf(Buy,shapeUpArrow,shapeNone) ,colorBrightGreen);

PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorRed);

6 comments

1. anandnst

Mr.Saibal, Lot of errors in the Scan afl given by u. Kindly correct it. thnx you

2. eurosiva

How did the admin allow this formula with errors without checking. Thanks and regards.

3. joeoil

It is only missing ; at the end of lines in Buy and Sell condition.

Try that and it will work

4. hotaro3

No Use

5. administrator

Fixed.

6. sjagadish4u

admin pls note i have uploaded a genuine formula and yet not approved

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