Bongo Indicator

Viewing 4 posts - 1 through 4 (of 4 total)

Author

Posts
08/01/2024 at 8:52 AM #235995 quote

jcl
Participant

Junior

Could someone develop the codes for the Force Index and Bongo indicators as seen in Gil Morales’ screenshot? Thanks
The Bongo indicator was designed by a group of traders at an HGSI seminar. The Bongo turns green when the Wilder’s RSI 8, 14, and 19 are streaming (8 over 14 over 19) and the close price is above the 9 period moving average. The bongo stays green until a down signal is detected (RSI’s streaming 8 below 14 below 19) and the close price is below the 9 period MA at which point it turns red and stays that way until another up signal is detected.

maxresdefault.jpg

08/01/2024 at 9:02 AM #235998 quote

robertogozzi
Moderator

Legend

Only post in the language of the forum that you are posting in. For example English only in the English speaking forums and French only in the French speaking forums.

Thanks 🙂

I moved it from the Spanish forum.

08/01/2024 at 9:31 AM #236004 quote
Iván González
Moderator

Legend
Bong:
```
// Parámetros
rsiShort = 8
rsiMedium = 14
rsiLong = 19
maPeriod = 9

// Cálculo del RSI
rsi8 = RSI[rsiShort](close)
rsi14 = RSI[rsiMedium](close)
rsi19 = RSI[rsiLong](close)

// Cálculo de la media móvil
ma9 = Average[maPeriod](close)

// Condiciones para la señal verde
greenSignal = (rsi8 > rsi14) AND (rsi14 > rsi19) AND (close > ma9)

// Condiciones para la señal roja
redSignal = (rsi8 < rsi14) AND (rsi14 < rsi19) AND (close < ma9)

// Indicador Bongo
once bongo = 0

IF greenSignal THEN
bongo = 1
r=0
g=255
ELSIF redSignal THEN
bongo = -1
r=255
g=0
ENDIF

return bongo style(histogram)coloured(r,g,0)
```
08/01/2024 at 9:57 AM #236007 quote

jcl
Participant

Junior

Muchas gracias Iván

Thank you very much Ivan
Author

Posts