Donchian Channel on the RSI curve conversion from TradingView

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10/25/2018 at 1:55 PM #83512 quote

Participant

Veteran

I came across this idea on TradingView and was wondering if we could get this implemented on PRT. I’m not interested in all the alerts just the basic concept.

Can this be converted please?

https://www.tradingview.com/script/rf4D3m66-RSI-Donchian-R1-Alerts-by-JustUncleL/

Thanks

Rob

RSI-Donchian.png

10/25/2018 at 2:19 PM #83516 quote

Vonasi

Moderator

Master

Please do not double post as it just leads to confusion and wasted time. I will delete your identical other request.

10/25/2018 at 2:45 PM #83526 quote

Vonasi

Moderator

Master

I think this is the basics of the indicator:

DCPeriod = 28
RSIPeriod = 14
HullPeriod = 8

HullRsi = WeightedAverage[ROUND(SQRT(HullPeriod))](2 * WeightedAverage[ROUND(HullPeriod / 2)](rsi[rsiperiod]) - WeightedAverage[HullPeriod](rsi[rsiperiod]))

upperdc = highest[dcperiod](HullRsi)
lowerdc = lowest[dcperiod](HullRsi)
middc = ((upperdc - lowerdc)/2) + lowerdc

return hullrsi coloured(0,0,255)style(line,2) as "RSI", upperdc as "UpperDC", lowerdc as "LowerDC", middc as "MidDC", 70 coloured(128,0,0) as "70", 30 coloured(128,0,0) as "30"

robdav and Nicolas thanked this post

10/25/2018 at 3:28 PM #83531 quote

robdav

Participant

Veteran

Vonasi wrote:

I think this is the basics of the indicator:

DCPeriod = 28 RSIPeriod = 14 HullPeriod = 8 HullRsi = WeightedAverage[ROUND(SQRT(HullPeriod))](2 * WeightedAverage[ROUND(HullPeriod / 2)](rsi[rsiperiod]) – WeightedAverage[HullPeriod](rsi[rsiperiod])) upperdc = highest[dcperiod](HullRsi) lowerdc = lowest[dcperiod](HullRsi) middc = ((upperdc – lowerdc)/2) + lowerdc return hullrsi coloured(0,0,255)style(line,2) as “RSI”, upperdc as “UpperDC”, lowerdc as “LowerDC”, middc as “MidDC”, 70 coloured(128,0,0) as “70”, 30 coloured(128,0,0) as “30”

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DCPeriod = 28

RSIPeriod = 14

HullPeriod = 8

HullRsi = WeightedAverage[ROUND(SQRT(HullPeriod))](2 * WeightedAverage[ROUND(HullPeriod / 2)](rsi[rsiperiod]) – WeightedAverage[HullPeriod](rsi[rsiperiod]))

upperdc = highest[dcperiod](HullRsi)

lowerdc = lowest[dcperiod](HullRsi)

middc = ((upperdc – lowerdc)/2) + lowerdc

return hullrsi coloured(0,0,255)style(line,2) as “RSI”, upperdc as “UpperDC”, lowerdc as “LowerDC”, middc as “MidDC”, 70 coloured(128,0,0) as “70”, 30 coloured(128,0,0) as “30”

Thanks Vonasi, looks good!

04/20/2019 at 7:54 PM #96851 quote

Rory Dryden

Participant

New

I like this indicator. Thanks for posting it. I adapted it to allow changes to the Donchian period and the RSI period.

SPY-2-hours.png

04/24/2019 at 7:30 PM #97082 quote

Rory Dryden

Participant

New

I’ve just noticed that in prorealtime Version VII the rsi trace flat lines once the chart is displayed. i.e. it does not update in real time. In order to get it to update I have to refresh the chart by changing the time frame. Any ideas what might cause this?

snap691.png

snap692.png

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Donchian Channel on the RSI curve conversion from TradingView

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This topic contains 5 replies,
has 3 voices, and was last updated by Rory Dryden
6 years, 9 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	10/25/2018
Status:	Active
Attachments:	4 files

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Donchian Channel on the RSI curve conversion from TradingView

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