Disparity index with dynamic overbought and oversold areas

v10.3
Disparity index with dynamic overbought and oversold areas

The Disparity Index is a well known indicator used to assess overbought and oversold areas. In this code I added some bands to represent the overbought/oversold areas.

Since the Disparity Index is closely related to RSI by using a EMA130 you would have, on a daily timeframe, also a quite accurate weekly RSI at hand.

Blue skies

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

avatar
Register or

Likes

avatar avatar avatar avatar avatar
Related users ' posts
Wilko Thank you all for your comments! I treat shorting very separately from the long side, at lea...
gabri Wilko,  great code!! I never worked with RSI2 and I found it very interesting. I made some ...
Wilko I'm happy my code snippet inspired some new thoughts! Thanks for the feedback!
gabri GraHaL, I cannot see any link attached. I mostly manual trade but for stocks with strong fi...
GraHal Yes sorry, I set up a link to a screen shot on my google drive and then I got locked into th...
gabri Here's the thread https://www.prorealcode.com/topic/multiframe-rsi-of-rsi/
Nicolas Please send it to me with the contact form, thanks.
Magnus Park Hi! Thanks for sharing! Have the code been swapped to the new one? or is it the first one st...
corne Hi there - is there maybe somewhere a new version available to look at?
ALE
2 months ago
CSR strategy DAX 1 D
CSR strategy DAX 1 D
12
Strategies
ALE Hello GuysI'm trying to fix a problem that I missed during the probacktest, I update you as ...
Nicolas The code has been updated in the attachment of the post with the last version which contain ...
ALE Thanks as always Nicolas
Maz
2 months ago
Francesco78 very nice, thanks!
finplus Thanks for the job. Which variables do you suggest for timeframe 1 hour? 
Maz Depends massively on your market and the volatility. I suggest using the variable optimizer ...
gabri Excellent job like always!! are you working also on the Barycenter indicator?
Nicolas No but I think you can find a lot of different version of the "center of gravity - COG" indi...
Francesco78 Thank you Nicolas! Exactly what I was looking for :)  
rafa How can we have this on overbought? Thanks in advanced
Nicolas All conditions under parenthesis for the c1 to c4 conditions should be inverted. 
Andy 22 DRAWSEGMENT(BarBullNew, highest[(BarBullnew-BarBullOld)](close), BarBullNew+10, highest[(...
gabri Ok, I believe your version of PRT doesn't support the command drawsegment. You should check ...
Andy ok thanks!
Nicolas Another fine piece of code gabri! Excellent work again. Thanks a lot for your precious contr...
gabri Thanks Nicolas!!
bolsatrilera bravo, molto intelligente.
owes29 Do a Youtube search for "Revolutionary Indicators Reveal Tops & Bottoms" it explains a v...
owes29 Hi is there anyway to develop this for the pro scanner on daily or hourly scans. so it woul...
Nicolas Of course, please add a query in the proscreener forum.
gregus bonjour a tous quelqu un pourait il recodé en prt il sagit  du dynamique zone ma, je n arri...
Nicolas Merci de faire une requête spécifique sur le forum. 
Nicolas
7 months ago
StepRSI
StepRSI
4
Indicators
rfsteve Nicolas what do you think of these modifications for 233 tick charts ?         cheers Steve....
Nicolas Thanks for this modification, I still do not have tested it, where did you get this idea to ...
rfsteve Trial and error from study of indicators call it coding mad science was trying to find an in...
Nicolas
8 months ago
Nicolas I don't know about the formula of the one built-in into the platform. This one has been conv...
verdi55 I found the reason. The indicator built into the PRT platform displays only the StochRSI var...
Nicolas Well, in this indi you can choose the RSI period, the period of the stochastic calculation o...
Nicolas Hi David, thank you for the contribution. I have tested the strategy through 200.000 bars an...
David Thanks Nicolas. I assumed that this would be the case when back tested further. 
Dimi.A Awesome mate.
leyoy AU top ! Merci pour la réponse rapide :)
gforton Hi, I was wondering if this QQE indicator could be used on a 1 min or 15 min timeframe. Wit...
Nicolas Because it is built upon RSI, divergences from price may occur. 
Renato Di Lorenzo Agree; thanks.
rpreviteri Hi Nicolas, thanks a  loto for sharing your knowliedge, Wasn't the original momentum pinball...
air Thank you!  

Top