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StochRSI with Oversold and Overbrought Zone for Amibroker (AFL)

Rating:
4 / 5 (Votes 2)
Tags:
amibroker, oscillator

The StochRSI is an indicator used in technical analysis that ranges between zero and one and is created by applying the Stochastic Oscillator formula to a set of Relative Strength Index (RSI) values rather than standard price data.

In this formula the overbought and oversold zones are highlighted. There is also a configurable separator to show date boundaries.

Screenshots

Indicator / Formula

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Apply to price chart

_SECTION_BEGIN("StochRSI");
	RSIperiods = Param( "RSIperiods", 10, 1, 100, 1 );
	Stochperiods = Param( "Stochperiods", 10, 1, 100, 1 );
	sep = ParamList( "Separator Interval", "Day|Week|Month|Year", 0 );
	Kperiods = Param( "Kperiods", 3, 1, 50, 1 );
	Dperiods = Param( "Dperiods", 3, 1, 50, 1 );
	OBthreshold = Param( "OBthreshold", 80, 55, 100, 5 );
	OSthreshold = Param( "OSthreshold", 20, 0, 50, 5 );

	switch( sep )
	{
	case "Day":
		dn = Day();
		dn1 = inDaily;
		break;

	case "Week":
		dw = DayOfWeek();
		newWeek = dw < Ref( dw, -1 );;
		newYear = Year() != Ref( Year(), -1 );
		dn = weekNumber = Sum( newWeek, BarsSince( newYear ) + 1 );
		dn1 = inWeekly;
		break;

	case "Month":
		dn = Month();
		dn1 = inMonthly;
		break;

	case "Year":
		dn = Year();
		dn1 = inYearly;
		break;
	}
	
	separator = dn != Ref( dn, -1 );
	Plot( separator, "", colorDarkBlue, styleHistogram | styleOwnScale | styleNoLabel | styleNoRescale, 0, 1, 0, -2, 5 );

	TheRSI = RSI( RSIperiods );
	llRSI = LLV( TheRSI, Stochperiods );
	hhRSI = HHV( TheRSI, Stochperiods );

	StochasticRSI = 100 * ( ( TheRSI - llRSI ) / ( hhRSI - llRSI + 0.00001 ) );

	StocK_rsi = MA( StochasticRSI, Kperiods );
	StocD_rsi = MA( StocK_rsi, Dperiods );

	Plot( StocK_rsi, "StochK(" + Kperiods + ") of RSI(" + RSIperiods + ")", colorRed, styleLine | styleThick );
	Plot( StocD_rsi, "StochD(" + Dperiods + ") of RSI(" + RSIperiods + ")", colorBlue, styleDashed | styleThick );
	PlotGrid( OBthreshold, colorRed, 1 );
	PlotGrid( OSthreshold, colorGreen, 1 );
	
_SECTION_END();

1 comments

3. pareshbhangale

values do not match with investing.com stochrsi indicators

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