Following a request on the italian forum (https://www.prorealcode.com/topic/rsi-normalizzato-con-bb/), I made this screener to apply the Bollinger Bands to RSI, so that they act a OverBought/OverSold tresholds.

MyRsi  = Rsi[9](close)                                  //9    Rsi periods
BBVal  = 40                                             //40   BB  periods
BBdev  = 2.0                                            //2.0  BB deviation
BBavg  = average[BBval,1](MyRsi)                        //BB mean (EMA middle line)
BollUp = BBavg + ((std[BBval](MyRsi)) * BBdev)          //BB Upper Band
BollDn = BBavg - ((std[BBval](MyRsi)) * BBdev)          //BB Lower Band
x1     = MyRsi CROSSES OVER  BollUP
x2     = MyRsi CROSSES UNDER BollDN
Signal= 0
IF x1 THEN
   Signal = 1
ELSIF x2 THEN
   Signal = 2
ENDIF
SCREENER[Signal](Signal AS "1=↑, 2=↓")

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Filename: Rsi-BB-screener.itf

Downloads: 364

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Filename: Rsi-BB-screener.jpg

Downloads: 183

robertogozzi Master

Roberto https://www.ots-onlinetradingsoftware.com

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