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CumRSI for Amibroker (AFL)

Rating:
4 / 5 (Votes 3)
Tags:
oscillator, amibroker, exploration

Based on the book “Short term Trading strategies that Work” by Larry Connor and Cesar Alvarez.

This explores for the stocks that have the CumRSI less then equal to 10 with has the high probability of profitability within the next 3-4 trading days.

Xswingtrader at xswingtrader@gmail.com

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Indicator / Formula

Copy & Paste Friendly
CumRSI=RSI(2)+Ref(RSI(2),-1);
Plot(RSI(2),"RSI(2)",colorBlue,styleLine);
Plot(95,"",colorRed,styleLine|styleThick|styleDashed);
Plot(5,"",colorGreen,styleLine|styleThick|styleDashed);

Filter=CumRSI<=10 AND MA(V,60)>=250000;
AddColumn(RSI(2),"RSI(2)");
AddColumn(V,"Volume");

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