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Registered User
Joined: 3/12/2007
Posts: 10
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Can you please help me with the code for the following 4-period RSI rules?
1. RSI drops three days in a row and the first day it drops below 60
2. RSI drops below 10 on the third day
Thanks,
Gio
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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If you Drag and Drop the RSI Indicator into the RealCode Editor, it should create something similar to the first line of the RealCode Rule:
'# WR = indicator.WildersRSI
If WR.Value < WR.Value(1) AndAlso _
WR.Value(1) < WR.Value(2) AndAlso _
WR.Value(2) < WR.Value(3) AndAlso _
WR.Value(2) < 60 AndAlso _
WR.Value < 10 Then Pass
This RealCode Rule only checks for the Values to be below 60 and below 10 on the given days. If you need them to have crossed down through 60 and 10 on the given days, you might wish to try the following RealCode Rule instead:
'# WR = indicator.WildersRSI
If WR.Value < 10 AndAlso _
WR.Value(1) >= 10 AndAlso _
WR.Value(1) < WR.Value(2) AndAlso _
WR.Value(2) < 60 AndAlso _
WR.Value(3) >= 60 Then Pass
-Bruce
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Registered User
Joined: 3/18/2009
Posts: 61
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Hi,
I've just read about a similar (simple) indicator to RSI that I would like to test in two different versions. The indicator is called DV(2).
Would someone help me with the code for them, please?
Version 1 - unbounded:
a) For each trading day calculate: [(close / average of the high and low price) – 1].
b) take the average of today and yesterday’s result.
Version 2 - bounded:
a) Take today’s unbounded value and compare it to the last year (252 trading days). The highest value over the last year receives a value of 100, the lowest 0, and everything else its percentage rank in between.
Thanks very much in advance :)
Best regards,
Rasmus
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You should be able to create the first version using the following RealCode Indicator (it assumes a Simple Moving Average for the second step):
'# Period = UserInput.Integer = 2
Static DV As Single
If isFirstBar Then
DV = 0
End If
DV += (2 * Price.Last / (Price.High + Price.Low) - 1) / Period
If CurrentIndex >= Period Then
DV -= (2 * Price.Last(Period) / (Price.High(Period) + Price.Low(Period)) - 1) / Period
End If
If CurrentIndex >= Period - 1 Then
Plot = DV
Else
Plot = Single.NaN
End If
Adding a Stochastics of Indicator to the RealCode Indicator given above as a Child Indicator should create the second bounded version.
-Bruce
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Registered User
Joined: 3/18/2009
Posts: 61
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Thanks *very* much, Bruce :)
I'll go and give it a try right away.
If I was to create a DVI(5), would that just require replacing the number 2 in the code with 5 or is it more complex than that?
Thanks again :-))
Rasmus
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Registered User
Joined: 3/18/2009
Posts: 61
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Never mind about my last question about replacing 2 with 5, double clicking the indicator gives me the option of selecting days.
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Registered User
Joined: 3/18/2009
Posts: 61
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Hi again,
A couple of questions:
a) The SMA you are referring to for the second step, is that supposed to be applied to the DV(2) indicator?
b) Which settings should I use for the stochastics child indicator once I've created it?
c) Stochastics for the indicator creates a "%D 5, Simple" - should I delete/hide that or is it used for anything?
Thanks again,
Rasmus
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (rassom) The SMA you are referring to for the second step, is that supposed to be applied to the DV(2) indicator?
It is the average mentioned in your description of Version 1 as b and is an average of what results from a. The assumption by me is that the average of today and yesterday's result is because the DV period is 2.
QUOTE (rassom) Version 1 - unbounded:
a) For each trading day calculate: [(close / average of the high and low price) – 1].
b) take the average of today and yesterday’s result.
QUOTE (rassom) Which settings should I use for the stochastics child indicator once I've created it?
Set the Period to 252 and the %K to 1. Since the %K is 1, the Avg Type does not matter.
QUOTE (rassom) Stochastics for the indicator creates a "%D 5, Simple" - should I delete/hide that or is it used for anything?
It's just a Moving Average of the Stochastic. If you want this Moving Average (for crossovers or just to have a smoother version of the Indicator) you can keep it. Otherwise you can delete it.
-Bruce
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Registered User
Joined: 3/18/2009
Posts: 61
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That's all I needed. Thanks very much, Bruce. Appreciate your help!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
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