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3 DAY RSI Divergence for Amibroker (AFL)

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

3 DAY RSI Divergence Exploration Formula with ENTRY, SL & Targets.

Indicator / Formula

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 _SECTION_BEGIN("RSIDivergenceExploration");

L3 = SelectedValue( TimeFrameGetPrice( "L3", inDaily, -2 ) );
L2 = SelectedValue( TimeFrameGetPrice( "L2", inDaily, -1 ) );
L1 = Low;

RSI1 = RSI(14);
RSI2 = RSI(14)-1;
RSI3 = RSI(14)-2;

P = Volume>1000000;

Filter = L2<L3 AND L1>L2 AND L1>L3 AND RSI2>RSI3 AND RSI1>RSI2 AND RSI2 >50 AND RSI1<60 AND P;

X = 0.02*H;
Y = 0.03*H;
Z = 0.05*H;

Entry = High+0.50;
Trgt1 = X+C;
Trgt2 = Y+C;
Trgt3 = Z+C;

AddColumn(Close,"Close Price",6.2,1,colorBlueGrey, 75);
AddColumn(Entry,"Entry",6.2,1,colorPaleGreen, 75);
AddColumn(L2,"Stop Loss",6.2,1,colorRed, 75);
AddColumn(Trgt1,"Target1 2%",6.2,1,colorBrightGreen, 75);
AddColumn(Trgt2,"Target2 3%",6.2,1,colorBrightGreen, 75);
AddColumn(Trgt3,"Target3 5%",6.2,1,colorBrightGreen, 75);


_SECTION_END();

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