Donchian Channel on the RSI curve conversion from TradingView

• 10/25/2018 at 1:55 PM #83512
  robdav

  Hi

  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

  

  robdav

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

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

  

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

  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"

   

  2 users thanked author for this post.

  Nicolas, robdav

  

  Vonasi

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

  Vonasi wrote:

  I think this is the basics of the indicator:

  DCPeriod = 28<br /> RSIPeriod = 14<br /> HullPeriod = 8</p> <p>HullRsi = WeightedAverage[ROUND(SQRT(HullPeriod))](2 * WeightedAverage[ROUND(HullPeriod / 2)](rsi[rsiperiod]) – WeightedAverage[HullPeriod](rsi[rsiperiod]))</p> <p>upperdc = highest[dcperiod](HullRsi)<br /> lowerdc = lowest[dcperiod](HullRsi)<br /> middc = ((upperdc – lowerdc)/2) + lowerdc</p> <p>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!

  

  robdav

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  04/20/2019 at 7:54 PM #96851
  Rory Dryden

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

  

  Rory Dryden

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  04/24/2019 at 7:30 PM #97082
  Rory Dryden

  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?

  

  Rory Dryden

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