Dynamic RSI

v10.3
Dynamic RSI

The Dynamic RSI indicator is a kind of exponential RSI. The overbought and oversold levels (respectively HiLine and LoLine) are calculated according to the recent highest and lowest values of the Dynamic RSI line.

The code has been converted from the Amibroker version, as per a request in the English forum section.

 

 

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

  1. luxrun • 84 days ago #

    A question please: is it possible to turn the DynamicRSI into a screener that provides titles that change the color of the R line, from red to green and vice versa? I believe that the R line offers a reliable and credible indication, thanks also for this flexible indicator, Luxrun

    • Nicolas • 84 days ago #

      delete the lines 23 to 37 and add this one at the end in ProScreener:
      screener[r crosses over hiline or r crosses under loline]

  2. luxrun • 84 days ago #

    Thanks Nicolas, I did not write the request exactly; I would like to intercept the changes in the DynamicRSI line, when the color changes from red to green (rising signal) and from green to red (downward signal). The solution you indicated shows me the DynamicRSI above or below the 2 extreme bands, but in that situation the actions can stop a lot. The trend change is more interesting as a trading signal. Thanks again

    • Nicolas • 84 days ago #

      So it should be coded like this:
      screener[r crosses over jc or r crosses under jc]

    • souf • 61 days ago #

      Hi Luxrun,

      I hope everything is OK for you.

      Did you succeed turning this indicator into screener?

      If so, could you please share with me the code you applied.

      I tried to write one but failed lamentably…

      Thanks in advance.

      Have a nice day.

      Soufiane

  3. flider • 71 days ago #

    Indicator in MQL4 not working?

    • Nicolas • 71 days ago #

      Why do you think this code is for MT4?

    • souf • 68 days ago #

      Bonjour Nicolas,

      J’ai tenté de créer un screener dans ProScreener, j’ai obtenu le message d’erreur ci-dessous:

      “Erreur de syntaxe:
      La variable suivante n’est pas utilisée dans le programme:hiline
      La variable suivante n’est pas utilisée dans le programme:loline”

      Voila le code que j’ai essayé d’intégrer:

      //PRC_DynamicRSI | indicator
      //30.01.2019
      //Nicolas @ http://www.prorealcode.com
      //Sharing ProRealTime knowledge
      //converted from Amibroker code

      // — settings
      DZbuy = 0.1 //Buy Zone Probability
      DZsell = 0.1 //Sell Zone Probability
      Period = 14 //RSI Period
      Lb = 60 //LookBack Period
      // — end of settings

      RSILine = RSI[Period](close)
      jh = highest[lb](RSILine)
      jl = lowest[lb](RSILine)
      jc = (WeightedAverage[period](jh-jl)*0.50)+WeightedAverage[period](jl)
      Hiline = jh-jc*DZbuy
      Loline = jl+jc*DZsell

      R = ( 4 * RSILine + 3 * RSILine[1] + 2 * RSILine[2] + RSILine[3] ) / 10

      screener[r crosses over jc or r crosses under jc]

      Je vous remercie par avance pour votre précieux éclairages…

      Bonne fin de journée.

      Soufiane

    • Nicolas • 67 days ago #

      Si ces variables ne sont pas utiles, il faut tout simplement les supprimer du programme.

  4. souf • 62 days ago #

    Bonsoir Nicolas,

    Je te remercie d’avoir pris le temps de me répondre.

    J’ai essayé de supprimer les 2 lignes du programme, mais ça m’a ensuite trouvé 2 autres valeurs non utiles… (DZbuy et DZsell…)…

    Il y a quelque chose que je fais mal et que j’ai surement mal compris…

    Je vais continuer à chercher.

    Merci encore et bonne soirée.

    Soufiane

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
Juanjo Hola, Buscando un sistema valido para operar el squeeze, he reprogramado el indicador para ...
mauro1966 BRAVO....
sir_i Bonjour à tous, Je suis nouveau sur le forum et sur la plateforme, pourriez-vous me dire com...
Nicolas Il faut simplement l'appliquer sur le prix.
sir_i Merci pour la réponse, je ne suis pas familier avec l'application de cette procédure simple,...
Hugues Bontour Hello Nicolas, Bravo pour cette indicateur incroyable ;-) Est-il possible de rajouter tro...
Nicolas Merci de formuler la demande dans un nouveau sujet dans le forum approprié.
Hugues Bontour Ok ;-) Normalement c'est au bon endroit. Merci à toi
mcha merci bien et félicitations pour la réactivité avec laquelle il a été mis dans la bibliothèq...
soulintact Great indicator Nicolas, thanks!
Tony87 on 200k test in the red untill 2017 then strong green
LancerX Please indicate the trade stat to show ave gain against average lost..
Jan Wind Thanks for sharing the strategy !. Did you do an Out of Sample run when testing on the 100k...
PastaPesto Thank you for your reply jebus, 1. As I said, earlier years arent so good, could be a probl...
Paul Optimized the days in a week and it seemed that Tuesday and Friday are not good days to trad...
PastaPesto Thanks Paul for the tips about testing balance. I am actually struggeling with breakeven o...
Vicari0us Hi Nicolas, How do I incorporate this indicator into my strategy? I mean what do I call ...
Nicolas Use the CALL function: https://www.prorealcode.com/documentation/call/ or use the 'fx' butto...
Vicari0us Perfect thanks! I got it
Nicolas Alpha transparency from 0 to 255.
ehtsham Hi, Sir can you tell me how to put this code in indicator plz
Jan Wind Ehtsham, all you need to do is change the code in line 18 and line 20 (see the code above...
myhlo Super Nicolas !! Cet indicateur offre une nouvelle lecture du Rsi ! Ces bandes up & Dawn...
luxrun Good evening Nicholas, I can not see the colors on the line of the moving average, but only ...
Nicolas Yes, you must choose the oscillator that will color the moving average. Example: ONCE UseC...
marao the old version I have does not allow importing. It is very old, I think the version 2 of PRT.
bala Hi Nicolas, I have been extensively researching for lot of answers here. I found that you...
Nicolas Don't apply it on price, use the main "indicator and trading system" button found on the top...
Nicolas
7 months ago
Louis Winthorp III Hi Kosuda76, have you downloaded the rsi_revengineering.itf file? Then you can set any value...
Kosuda76 Thanks for your reply! But I do not really understand what the opposite of them the values ​...
AdriTrade Good job Louis!! How could do this for the Williams indicator? Thank you very much.
luxrun Thanks, bolsatrilera, for a very good and solid screener!
luxrun sorry... indicator!
Lily Rios Gracias por el indicador, tengo una pregunta necesito programar un screener de valores que e...
Bebbo Grazie del prezioso contributo Nicolas, scusa la mia inesperienza, sono alle prime armi e s...
Nicolas To avoid recalculation, you should use the one from this post.
Bebbo Ok Grazie Nicolas.

Top