RSI Turbo

RSI Turbo

The RSI is a well-known indicator but the idea was to plot a classic price momentum together with an improved OBV momentum (RSI Price & RSI OBV).
The good thing is that we can now see divergence between price momentum & OBV momentum, on top of all the usual stuffs (OB, OS, divergence RSI Vs Price, neutral zone…). I use it on stock charts, on all timeframes bigger than 15/30 minutes.
OBV code by Vitali Apirine.

 

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. MaoRai54 • 12/29/2017 #

    Hi,
    first of all Happy New Year.

    Well, I’ve inserted your indicator in DAX 1h but I cannot understand how it works and which are the signals.
    I’m a rookie.
    It’s not clear to me when buy or sell or whateverelse information.
    could you please kindly explain how to interpeter it.
    thanks in advance

  2. Vinks_o_7 • 12/29/2017 #

    Hi Mao
    Happy New Year !
    This is just an improved RSI where you plot a standard price momentum (RSI14 of price: nothing special) PLUS an additional OBV momentum (RSI of modifed OBV). The idea is to spot the divergence between price momentum and OBV momentum (volume change based on price change). WIth teh RSI you only spot the difference between price and the RSI.
    For exemple, if you check the screen capture of the last days of December (CAC40 daily) you can see that the standard RSI (based on price, in light blue) confirmed the increase in the price BUT the OBV RSI told you the opposite. You cannot spot such divergence on a simple RSI (it means that the price increase/momentum is not confirmed by a similar increase in volume). Hope that it helps.

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar
Related users ' posts
ggolfet I tried to use it (with prorealtime version 11 - end of day version). I receive an error mes...
Nicolas Try to reduce the displayed units of the chart. MaxScale should always be superior to Start...
ggolfet Thanks Nicolas, I imported the itf file and solved the problem.
Juanjo Muchas gracias por la explicación, muy interesante.
vandenacker THANKS A A LOT FOR SHARING. I like your trade. I try to remproduce your board but i dont arr...
umebon Tnx for sharing!! Can someone help me how i can call for the mydayhigh and mydaylow for to u...
Thomas
1 month ago
atlante sigue sin funcionar puedes corregir el codigo gracias es que no se ve nada se queda en negro...
Thomas Como? no intiendo. Can you write in english . It works! Download the itf file.
Thomas New Version comin soon...
Marie-Eve Vergoz lorsque je copie les codes, le système me signale des erreurs à la ligne 12 et suivantes
Marie-Eve Vergoz sorry - tout est ok -
AlexF
1 month ago
Marcot18 Alex ti sei superato
AlexF Esagerato!
illenza
2 months ago
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,...
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
Juanjo Hola Muchas Gracias por el indicador, ...queria preguntar si se podria añadir la visualiza...
robertogozzi
5 months ago
M-Oscillator
M-Oscillator
10
Indicators
robertogozzi Sorry for my late reply. I’ll make it and open a new topic quite soon.
swapping ah ah ! je n'avais pas vue celui-ci, excellent robert ;)
robertogozzi Thank you swapping.
mcha merci bien et félicitations pour la réactivité avec laquelle il a été mis dans la bibliothèq...
soulintact Great indicator Nicolas, thanks!
Didouqc Bonjour Nicolas, Merci pour cet indicateur, encore génial! Je souhaite faire une suggest...
Nicolas Si ces variables ne sont pas utiles, il faut tout simplement les supprimer du programme.
souf Bonsoir Nicolas, Je te remercie d'avoir pris le temps de me répondre. J'ai essayé de s...
souf Hi Luxrun, I hope everything is OK for you. Did you succeed turning this indicator int...
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...
Gubben I took the chance of running it live with some optimizations/modifications since 23 april an...
Gaby333 super this what I was looking for from Monday I will put this in real time to see what can d...
PastaPesto Hi Gubben, It would be interesting to know what changes you have done and also your backtes...
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
juanj Haven't been on this forum for ages! Just logged in to see what is happening and since this ...
robertogozzi Welcome back Juanji, why don’t you post your strategy in the ProOrder support, it’s a better...

Top