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Bollinger bands Normalized RSI

Category: Indicators By: Rafa Created: June 17, 2019, 10:51 AM

June 17, 2019, 10:51 AM

Indicators

2 Comments

bollinger

This Indicator has been taken from the book Bollinger on Bollinger Bands.

The fundamental idea is to have a direct relationship with volatility.

The RSI is normalized around a mean calculated with 2 times standard deviation.

//**********************************************************************************
//*
//*      Se normaliza el RSI dado un numero: Por defecto es igual que el RSI
//*      Autor: Rafa Barreto
//*
//**********************************************************************************

ValorRSI=14

MiRSI = RSI[ValorRSI](Close)

Bollinger2UpRSI  = ExponentialAverage[ValorEMA](MiRSI) + (2 * STD[ValorEMA](MiRSI))
Bollinger2DnRSI  = ExponentialAverage[ValorEMA](MiRSI) - (2 * STD[ValorEMA](MiRSI))

RSINormalizado   = (MiRSI - Bollinger2DnRSI) / (Bollinger2UpRSI - Bollinger2DnRSI)

Return RSINormalizado

Download

Filename: NormalizedRSI-1.itf

Downloads: 181

Rafa Senior

This author is like an anonymous function, present but not directly identifiable. More details on this code architect as soon as they exit 'incognito' mode.

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Comments

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Marie-Eve Vergoz

7 years ago

sorry - tout est ok -

Marie-Eve Vergoz

7 years ago

lorsque je copie les codes, le système me signale des erreurs à la ligne 12 et suivantes

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