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Registered User Joined: 9/19/2006 Posts: 10
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If I want to creat a pcf combining rsi, with relative volume of the particular tick, compared to mean volume, how would I do it?..Thanks.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I do not know the settings of the RSI, if the RSI is the plain RSI or the RSI - Wilder's indicator, the period you wish to use to calculate mean volume or what specifically is of interest about RSI and relative volume.
How specifically do you want to combine RSI and relative volume? What do you want the PCF to do?
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 9/19/2006 Posts: 10
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I wanted to figure a way to "weight" a 14 period RSI with the relative volume(compared to the average 5 minute volume) in a 5 minute time period. I think an indicator combining volume and rsi would be helpful..Thanks!
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Registered User Joined: 9/19/2006 Posts: 10
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Also, you have mentioned that for shorter time frames, the plain rsi, not wilder's, is better.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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So you just want to use Simple Volume Weighted Moving Averages when calculate the RSI instead of the Simple Moving Averages used in the plain RSI or the Wilder's Smoothing used in the RSI - Wilder's? If so, please try the following for a 14-Period version:
100 * ((C > C1) * (C1 - C) * V + (C1 > C2) * (C2 - C1) * V1 + (C2 > C3) * (C3 - C2) * V2 + (C3 > C4) * (C4 - C3) * V3 + (C4 > C5) * (C5 - C4) * V4 + (C5 > C6) * (C6 - C5) * V5 + (C6 > C7) * (C7 - C6) * V6 + (C7 > C8) * (C8 - C7) * V7 + (C8 > C9) * (C9 - C8) * V8 + (C9 > C10) * (C10 - C9) * V9 + (C10 > C11) * (C11 - C10) * V10 + (C11 > C12) * (C12 - C11) * V11 + (C12 > C13) * (C13 - C12) * V12 + (C13 > C14) * (C14 - C13) * V13) / (ABS(C0 - C1) * V + ABS(C1 - C2) * V1 + ABS(C2 - C3) * V2 + ABS(C3 - C4) * V3 + ABS(C4 - C5) * V4 + ABS(C5 - C6) * V5 + ABS(C6 - C7) * V6 + ABS(C7 - C8) * V7 + ABS(C8 - C9) * V8 + ABS(C9 - C10) * V9 + ABS(C10 - C11) * V10 + ABS(C11 - C12) * V11 + ABS(C12 - C13) * V12 + ABS(C13 - C14) * V13 + .0000001)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 9/19/2006 Posts: 10
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ok..thnks!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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