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 avatar
Related users ' posts
juanj Possible interpretation: Indicator tags 80 = Start of bullish trend, tags 20 = Start of bear...
Yann LB Bonjour, Ajout de as "level 95" en toute fin de code. ;-)
HappyBunny You are using variables "r" abd "b" for the color red and blue but unfortunately after setti...
Nicolas good spot! indeed, that's a mistake. Change the variable name for the b color, while I don't...
Nicolas email notification are not available for custom indicators.
Fabian Hi Thomas, thanks for your explanations. Which indicator do you use in the screenshot ...
Thomas Thats On Balance Volume and Bollinger or SMA or what you want. It shows me the volume flow. ...
bertrandpinoy @MAKSIDE I would be grateful if you send me your version. have a nice day
Madrosat I Have not see a fully functioning automated strategy on your site?? Really have you???
juanj Hi Madrosat, why would it be on my site? I have developed it for my personal use and also to...
Madrosat ok I understood you are using prorealcode to hack the fish
imonix Have been trying this on demo since Monday before deciding whether to go live with it. Using...
jaginho Bonjour Vivien, je n'arrive pas Ă  comprendre ce screener... En tout cas merci pour tes contr...
samsampop Superb, merci!
larouedegann It doesn't work
ggolfet it seems it's not working on prorealtime 11. I changed MACDSignal to MACDSign in order to av...
juanj Please note that the indicator is meant for PRT 10.3
Albaran Hi Vonasi, Could you explain what "$perc[a]" is? I tried to apply it but it keeps telling...
Nicolas Code compatible only with version 11, as it is written in bold in the text of this post: Thi...
Albaran Ah I had hoped it was a problem unrelated to the version of prorealtime! We'll keep waiting ...
Gaby333 not working the same thing as xtian saying?
fucode I need to calculate this in excel. Is it posible ? how ?
Nicolas Ask on an Excel website?!
Vinks_o_7 Vonasi you're a beast !!! ;-)))
pableitor Amazing indicator , you are pushing PRT to the limit! But looking at the scatter its not c...
Zigo
9 months ago
Wolf Compilation by sinusoid concept is very interesting. Thanks
groen200 Hi Zigo can you make backtest from this indicator
rosario Good evening I would like to understand why it doesn't work for me. Rosary
Nicolas We do not provide any code for Amibroker on our website. All codes are to be used with the P...
Yannick Please find an updated version with stocks below 200 average //ATL All time low identificat...
Papismedov Avram Yannick, missing line of condition 2 "c2=myOBV>BollUP"
Sapo Thank you very much. as always your indicators are extremely effective. kind regards Vonasi.
mitsu21 Hi, it looks nice. I'll try it tomorrow thank you for your share kind regards bruno
kj1988 Thank you Vonasi for sharing this indicator. Very useful as a comfirmation to the price act...
riz001 thnk u
geroniman bonjour Nicolas, j ai un indicateur le Tiger . J aiemrai placer des fleches buy et sell dire...
Nicolas Merci de formuler les demandes sur le forum. ça n'est pas le bon endroit et hors sujet ici ! ;)
ggolfet Thanks Nicolas, I imported the itf file and solved the problem.
Hasardeur Hallo Nicolas, i tried to code the multi period heat map in combination with the Ehler’s ...
Nicolas Please open a new topic with the code in forum.
LucioleLucide Clean view, thanks for sharing
dertopen hi where i can found the window for candle configuration?
paolosab69 Ciao! . I have seen the pictures that explain this metod but i don't understand when is mome...
Thomas
1 year 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...

Top