RSI 2 daily on an hourly Chart

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10/31/2017 at 2:52 PM #51079 quote

Francesco78
Participant

Master

Hi everyone,

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

Any suggestion on how to proceed?

Many thanks!

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

jebus89
Participant

Master

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 🙂

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

Master
You may try this (I assume RSI(2) is written correctly):
```
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
10/31/2017 at 9:05 PM #51142 quote
Yannick
Participant

Veteran
Hi

I tried like this
```
/////////// 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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RSI 2 daily on an hourly Chart

ProOrder: Automated Strategies & Backtesting

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Francesco78 @francesco78 Participant

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This topic contains 3 replies,
has 4 voices, and was last updated by Yannick
8 years, 4 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	10/31/2017
Status:	Active
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