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Registered User
Joined: 11/23/2018
Posts: 20
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Hi Bruce,
Is it possible to plot this line indicator on the chart against a ticker as I can't find it in the Indicator list. If so, could you tell me how to do it using an RSI of 50 please? I've put a few info sources below to help.
https://www.prorealcode.com/prorealtime-indicators/rsi-reverse-engineering-indicator/
https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/R-S/ReverseEngineeringRSI.html
http://www.tradewithtrend.com/indian-stock-market/amibroker/reverse-engineering-rsi-749.html
Thanks very much.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Please try the following indicator (it assumes a 14 period Wilder's smoothed RSI).
C + 13 * XAVG(ABS(C - C1), 27) - 26 * XAVG(IIF(C > C1, C - C1, 0), 27)
-Bruce
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Registered User
Joined: 11/23/2018
Posts: 20
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Blimey, I'd have never have worked that out!
Thanks very much Bruce.
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Registered User
Joined: 9/30/2011
Posts: 788
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I would appreciate the modification of Whilder's polished RSI with the following parameter:
Signal Up with Period 5 and Moving Average 3
Thank you and goodbye
Raider45
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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If you are just interested in determining if Wilder's RSI5 has crossed up through its own 3 period exponential moving average.
XUP(WRSI5, XAVG(WRSI5, 3))
If you are just interested in determining if Wilder's RSI5 has crossed up through its own 3 period simple moving average.
XUP(WRSI5, AVG(WRSI5, 5))
-Bruce
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Registered User
Joined: 9/30/2011
Posts: 788
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Congratulations, thank you! Sincerely !
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Registered User
Joined: 9/30/2011
Posts: 788
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I would appreciate the following change: replace the current moving averages with the HULL 3 periods.
Thank you and goodbye. Raider45
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Please try the following.
XUP(WRSI5, HAVG(WRSI5, 3))
-Bruce
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Registered User
Joined: 9/30/2011
Posts: 788
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Big congratulations, thank you!
Sincerely !
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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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TC2000 Support Articles
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