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StochRSI with Oversold and Overbrought Zone for Amibroker (AFL) rajeshkanattu over 1 year ago 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.

Indicator / Formula

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();