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.

 

 

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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?

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  1. luxrun • 01/30/2019 #

    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 • 01/30/2019 #

      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 • 01/30/2019 #

    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 • 01/30/2019 #

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

    • souf • 01/30/2019 #

      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 • 01/30/2019 #

    Indicator in MQL4 not working?

    • Nicolas • 01/30/2019 #

      Why do you think this code is for MT4?

    • souf • 01/30/2019 #

      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 • 01/30/2019 #

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

  4. souf • 01/30/2019 #

    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

  5. cdc.andersson • 01/30/2019 #

    Hello, when trying to include this wonderful Dynamic RSI on my trading system i get the error “The function “PRC_DynamicRSI” called from “(my trading system)” returns 4 values but your code needs 5″. Any ideas what causes this? Regards Daniel

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