Multiframe RSI of RSI

Multiframe RSI of RSI

Since on a daily chart EMA26 approximate in an excellent way the 50-line of the RSI (when close crosses under EMA26 the RSI crosses under 50) and EMA130 approximate in the same way the 50-line of the weekly data on the daily chart, I created this indicator that so far gave me really good profits per trade.

It’s sort of a daily RSI of a weekly RSI and uses a cut-off line based on standard deviations to stop the position. I traded with it only long and only on stock market.

I enter long when the indicator crosses into the positive area (I normally use a number between 0.3 and 0.9) and I sell when the indicator crosses under the cut line (I use normally 1.5 to 1.9 of correction for the standard deviation)

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

  1. gabri • 06/19/2017 #

    Here’s the thread
    https://www.prorealcode.com/topic/multiframe-rsi-of-rsi/

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar
Related users ' posts
bolsatrilera
2 weeks ago
supertiti Hola Ale Can we have this same code from Nicolas's code in smoothed heikin Ashi? Sorry...
ALE Ok, We can discuss in the topic "3D Candlesticks TOPIC" Write me more details
Vonasi Discussion on this indicator/filter can be found here: https://www.prorealcode.com/topic/121...
Vonasi Forum discussion on these indicators can be found here: https://www.prorealcode.com/topic/av...
jennr29 Hi. Is it possible to convert this code to an mq4 file?
Nicolas Sorry but our website is dedicated to prorealtime programming. However, you can ask for priv...
pableitor Hola Domenec, un indicador muy original y util que ciertamente añade mucha informacion a la ...
Domenec Hola Pableitor porque aqui lo que pretendo es programar un nuevo codigao mas ajustado para q...
Juanjo Hola Domenec. He visto en los videos que hablas continuamente de mercado de futuros con grá...
Nicolas
3 months ago
enricot Ciao Nicolas scusa se ti scrivo qui, ma sono nuovo e nn riesco a creare un nuovo post, cio...
enricot Scusa nn riesco.
SoloContado If you smooth the signal using a "summation" function, you get a nice "crossing of 0" graph....
CN Added this to live. The issue I see is that it can have 100$-200$ win without taking the mo...
Leo This strategy does not have a Profit target, instead it has a Modified parabolic SAR which i...
odin here is my code c1 = ExponentialAverage[3](close) c2 = ExponentialAverage[5](close) c3 ...
juanj HI Odin Can you also kindly provide the code for the 'Short Term Trader Squezze' indicato...
odin this is the short term Trader squezze indicator. short term Trader in Trouble and squezze is...
Geronima Ortiz I watched the video three times, but I can not put the npips parameter as a variable. I do...
Geronima Ortiz I think the video is for an old version of prorealtime, the images do not correspond at all ...
Nicolas indicator1 = CALL “PRC_StopReversal”[npips, 1] and define npips in the optimization window ...
criscolci Thanks a lot!
Bard Cheers for doing Ehler's latest indicator Despair, much appreciated.
odin look at the screener i upload a new rule based screener for this strategy to find long candi...
JanWd Very nice strategy, it does work indeed !! Very long time perspective. You can use this s...
Mary Hi Odin, thank you very much for the strategy. You said there is a screener you posted for t...
Caribeengeek Bonjour j’avais vu que vous proposiez d’écrire des codes pour ceux qui s’y connaisse pas Mai...
Caribeengeek Les devises unité
Nicolas Merci d'utiliser le forum pour les demandes de programmation personnalisée

Top