[itrader]

Hi All,

I am using TradeStation 8.2 ,I need to add simple , Exp and Weihgted MA to original RSI, or other word,I need to have RSI with MA of its.since TS just have RSI one line only.

any expert pls kindly suggest me about this,thanks so much in advance.

Kindest regards,

itrader.

[Tams]

can you post the code?

p.s. use the code tag to wrap the code. That's the # icon at the top of the reply window.

[itrader]

Originally Posted by Tams »

can you post the code?

p.s. use the code tag to wrap the code. That's the # icon at the top of the reply window.

Firstly,thank you,Sir for your quick reply.
Here is the RSI code

inputs:
	Price( Close ),
	Length( 14 ),
	OverSold( 30 ),
	OverBought( 70 ),
	OverSColor( Cyan ), 
	OverBColor( Red ) ;

variables:  MyRSI( 0 ) ;

MyRSI = RSI( Price, Length ) ;
 
Plot1( MyRSI, "RSI" ) ;
Plot2( OverBought, "OverBot" ) ;
Plot3( OverSold, "OverSld" ) ;

{ Color criteria }
if MyRSI > OverBought then 
	SetPlotColor( 1, OverBColor ) 
else if MyRSI < OverSold then 
	SetPlotColor( 1, OverSColor ) ;

{ Alert criteria }
if MyRSI crosses over OverSold then
	Alert( "Indicator exiting oversold zone" )
else if MyRSI crosses under OverBought then
	Alert( "Indicator exiting overbought zone" ) ;


{ ** Copyright (c) 1991-2003 TradeStation Technologies, Inc. All rights reserved. ** 
  ** TradeStation reserves the right to modify or overwrite this analysis technique 
     with each release. ** }

You 're very helpful,Thanks agin.

itrader.

[Tams]

if you read the code line by line, you will see this:

MyRSI = RSI( Price, Length ) ;


the RSI is calculated, and the data is saved in the variable MyRSI.


to average out the data, all you have to do is add:

Smoothed.RSI = average( MyRSI , Smooth.length);


same deal for weighted average or exponential average... or whatever data modifying calculation you want to make.


.

[Tams]

Here's the modified code.

note the added input, variables, calculation, and plot statements.


(you should save this code under a different name, so that you do not ruin the original RSI code)

// Smoothed RSI
// modification by TAMS
// date: 20091126
//


inputs:
	Price( Close ),
	Length( 14 ),
	Smooth.Length( 3 ),  { <--- NEW }
	OverSold( 30 ),
	OverBought( 70 ),
	OverSColor( Cyan ), 
	OverBColor( Red ) ;

variables:
	MyRSI( 0 ) ,
	Smoothed.RSI( 0 ) ;  { <-- NEW }

MyRSI = RSI( Price, Length ) ;
Smoothed.RSI = Average( MyRSI, Smooth.length);  { <-- NEW }

 
Plot1( MyRSI, "RSI" ) ;
Plot11( Smoothed.RSI, "Smoothed.RSI" ) ;  { <-- NEW }

Plot2( OverBought, "OverBot" ) ;
Plot3( OverSold, "OverSld" ) ;

{ Color criteria }
if MyRSI > OverBought then 
	SetPlotColor( 1, OverBColor ) 
else if MyRSI < OverSold then 
	SetPlotColor( 1, OverSColor ) ;

{ Alert criteria }
if MyRSI crosses over OverSold then
	Alert( "Indicator exiting oversold zone" )
else if MyRSI crosses under OverBought then
	Alert( "Indicator exiting overbought zone" ) ;


{ ** Copyright (c) 1991-2003 TradeStation Technologies, Inc. All rights reserved. ** 
  ** TradeStation reserves the right to modify or overwrite this analysis technique 
     with each release. ** }

[Tams]

here's how it looks:

if you don't want to see the original RSI plot,
you can delete it from the code,
or simply set it to invisible on the chart.

[itrader]

Tams,You 're the EXPERT and VERY HELPFUL.I don't have any word to say,except THANK YOU VERY MUCH.This is all i need.

Have a good trade

itrader.

[Tams]

Originally Posted by itrader »

Tams,You 're the EXPERT and VERY HELPFUL.I don't have any word to say,except THANK YOU VERY MUCH.This is all i need.
Have a good trade
itrader.

You are welcome...


You can also check out this variation.
It is on Stochastic... the idea can be applied to RSI, or any oscillating indicator.


Tidal Wave

http://www.traderslaboratory.com/for...wave-5666.html



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