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RSI - With Overbought & Oversold coloured for Amibroker (AFL)
Rating:
5 / 5 (Votes 7)
Tags:
oscillator, amibroker
This is RSI Indicator, with coloured Overbought and Oversold area , to make easier to analyze.
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Indicator / Formula
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_SECTION_BEGIN("RSI");
SetChartOptions(0,0,ChartGrid30|ChartGrid70,0,100);
periods = Param( "Periods", 14, 1, 200, 1 );
z = RSI( periods);
RSILineColor = ParamColor("RSI Line Color",ColorRGB(127,0,83));
RSIOverboughtColor = ParamColor("RSI Overbought Color",ColorRGB(127,0,83));
RSIOversoldColor = ParamColor("RSI Oversold Color",colorRed);
Plot( z, _DEFAULT_NAME(), RSILineColor , styleLine );
Plot( 50, _DEFAULT_NAME(), RSILineColor , styleDashed|styleNoTitle );
Plot( 70, _DEFAULT_NAME(), RSILineColor , styleLine|styleNoTitle );
Plot( 30, _DEFAULT_NAME(), RSILineColor , styleLine|styleNoTitle );
PlotOHLC(z,z,50,z,"",IIf(z>50,RSIOverboughtColor,RSIOversoldColor),styleCloud|styleClipMinMax,30,70);
_SECTION_END();
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good
thanks.. its amazing..
Simple and Easy Understanding indicator
Simple and Easy Understanding indicator