RSI 2 daily on an hourly Chart

• 10/31/2017 at 2:52 PM #51079
  Francesco78

  Hi everyone,

  I would like to have on an 1hr chart the daily RSI(2).

  Any suggestion on how to proceed?

  Many thanks!

  

  Francesco78

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  10/31/2017 at 2:55 PM #51080
  jebus89

  I belive Nicolas has said that multi-timeframe-indicators will be a thing in the future but as of now its not possible in prt? Please correct me if im wrong 🙂

  

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  10/31/2017 at 4:31 PM #51099
  robertogozzi

  You may try this (I assume RSI(2) is written correctly):

  MyDailyRSI = summation[24](Rsi(2)) / 24

  1	MyDailyRSI = summation[24](Rsi(2)) / 24

  but I think it doesn’t replace a daily outcome, because you are getting an average of the last 24 hours. Also, at 10am you will not get the value from the previous daily candle, but the average of the last 24 candles from 10am the day before.

  I subscribe to what jebus89 said, you must wait for the multitimeframe feature (will Santa Claus bring it to all of us?).

  Roberto

  

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  10/31/2017 at 9:05 PM #51142
  Yannick

  Hi

  I tried like this

  Rsi

  /////////// RSIDaily on H1 //p=2 if time>225900 then cloture=close higher = MAX(0,cloture-cloture[1]) lower=MAX(0,cloture[1]-cloture) mmhigher=wilderaverage[p](higher) mmlower=wilderaverage[p](lower) RS=mmhigher/mmlower RSIdaily=100-100/(1+RS) endif return RSIdaily as "RSIDaily" ///end

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  /////////// RSIDaily on H1   //p=2   if time>225900 then cloture=close     higher = MAX(0,cloture-cloture[1]) lower=MAX(0,cloture[1]-cloture)   mmhigher=wilderaverage[p](higher) mmlower=wilderaverage[p](lower)   RS=mmhigher/mmlower RSIdaily=100-100/(1+RS) endif   return RSIdaily as "RSIDaily"   ///end

   

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  Yannick

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