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krs1929
Posted : Thursday, April 25, 2013 7:29:05 AM
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Joined: 9/19/2006
Posts: 10

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.

Bruce_L
Posted : Thursday, April 25, 2013 9:00:45 AM


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Joined: 10/7/2004
Posts: 65,138

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
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krs1929
Posted : Monday, April 29, 2013 5:59:01 PM
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Joined: 9/19/2006
Posts: 10

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!

krs1929
Posted : Monday, April 29, 2013 6:00:30 PM
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Joined: 9/19/2006
Posts: 10

Also, you have mentioned that for shorter time frames, the plain rsi, not wilder's, is better.

Bruce_L
Posted : Tuesday, April 30, 2013 9:16:20 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

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
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krs1929
Posted : Tuesday, April 30, 2013 1:48:39 PM
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Joined: 9/19/2006
Posts: 10

ok..thnks!

Bruce_L
Posted : Tuesday, April 30, 2013 1:53:39 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
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