Relative Strength Index with Range Shift

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  • 11/14/2022 at 6:15 PM #204166 quote
    yas
    Participant
    Junior
    Can this code be converted into Pro Real Time please if possible this indicator was in tradingview
    // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
    // © kevindcarr
    //@version=5
    indicator(title=’Relative Strength Index with Range Shift’, shorttitle=’RSI’, overlay=false, precision=1)
    var table conditionTable = table.new(position=position.top_right, columns=1, rows=1)
    log = input.string(title=’Scale’, options=[‘Logarithmic’, ‘Regular’], defval=’Logarithmic’)
    range_1 = input.string(title=’Range Bias’, options=[‘Bullish’, ‘Strong Bullish’, ‘Bearish’, ‘Strong Bearish’, ‘No Bias’], defval=’Bullish’)
    lookbackPeriod = input(title=’Lookback Period’, defval=14)
    source = input(title=’Source’, defval=close)
    rangeShift(range_2) =>
        if range_2 == ‘Bullish’
            [40, 60, 80]
        else if range_2 == ‘Strong Bullish’
            [45, 65, 85]
        else if range_2 == ‘Bearish’
            [35, 55, 75]
        else if range_2 == ‘Strong Bearish’
            [30, 50, 70]
        else
            [40, 60, 80]
    condition(rsi, range_3) =>
        [lo, mid, hi] = rangeShift(range_3)
        if rsi <= lo
            [color.green, ‘Very Oversold’]
        else if rsi <= mid
            [color.yellow, ‘Oversold’]
        else if rsi <= hi
            [color.orange, ‘Overbought’]
        else
            [color.red, ‘Very Overbought’]
    rsiSource = (log == ‘Logarithmic’ ? math.log(source) : source)
    rsi = ta.rsi(rsiSource, lookbackPeriod)
    [col, txt] = condition(rsi, range_1)
    table.cell(conditionTable, 0, 0, text=txt, bgcolor=col)
    plot(series=rsi, title=’Relative Strength Index’, color=col)
    11/15/2022 at 8:04 AM #204191 quote
    yas
    Participant
    Junior

    hi guys

    can the above code can be converted into pro real time please if possible

    many thanks

    11/15/2022 at 10:52 AM #204196 quote
    Nicolas
    Keymaster
    Master

    ok, but you know that’s a classic RSI with 3 different colors shades, right?

    11/15/2022 at 10:54 AM #204197 quote
    yas
    Participant
    Junior

    yes thats correct

    11/15/2022 at 1:53 PM #204214 quote
    Nicolas
    Keymaster
    Master

    Well ok, here it is. Change the “range bias” with a number in the settings at top of the code:

    lookbackPeriod=14
rangeBias = 0 //0=bullish, 1=strong bullish, 2=bearish, 3=strong bearish

if rangebias=0 then 
lo=40
mid=60
hi=80
elsif rangebias=1 then
lo=54
mid=65
hi=85
elsif rangebias=2 then
lo=35
mid=55
hi=75
elsif rangebias=3 then
lo=30
mid=50
hi=70
else
lo=40
mid=60
hi=80
endif 

source=customclose

irsi=rsi[lookbackperiod](source)
if irsi <= lo then 
r=0
g=255
elsif irsi <= mid then
r=255
g=255
elsif irsi <= hi then 
r=255
g=165
else
r=255
g=0
endif 
return irsi coloured(r,g,0)
    11/15/2022 at 2:02 PM #204216 quote
    yas
    Participant
    Junior

    Thank you very much appreciated your help thanks again

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Relative Strength Index with Range Shift


ProBuilder: Indicators & Custom Tools

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yas @yas Participant
Summary

This topic contains 5 replies,
has 2 voices, and was last updated by yas
3 years, 2 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 11/14/2022
Status: Active
Attachments: 1 files
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