RSI and Moving Average

• 07/05/2016 at 12:31 PM #10230
  jbyrne

  Hi, I want to be able to have my code buy/sell on a Moving average Cross but the stock must have been under 40/over 60 RSI in the last 3 candles. Any help as too how I can do this? M

  defparam preloadbars = 15 defparam CUMULATEORDERS = false indicator2 = call "example5 : RSI"[14] brsi = (indicator2 < 40) indicator3 = call "example5 : RSI"[14] srsi = (indicator3 > 60) indicator1 = Average[9](close) once haclose=close once haopen=open if barindex>1 then haclose=(open+close+low+high)/4 haopen=(haopen[1]+haclose[1])/2 endif //buy condition cBuy = (haclose CROSSES OVER indicator1 and brsi) //sell condition cSell = (haclose CROSSES UNDER indicator1 and srsi) If cbuy then buy 5000 CASH at market endif If csell then sell at market endif if csell then sellshort 5000 CASH at market endif if cbuy then exitshort at market endif

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  defparam preloadbars = 15 defparam CUMULATEORDERS = false indicator2 = call "example5 : RSI"[14] brsi = (indicator2 < 40)   indicator3 = call "example5 : RSI"[14] srsi = (indicator3 > 60)   indicator1 = Average[9](close)   once haclose=close once haopen=open   if barindex>1 then haclose=(open+close+low+high)/4 haopen=(haopen[1]+haclose[1])/2 endif   //buy condition cBuy = (haclose CROSSES OVER indicator1 and brsi)   //sell condition cSell = (haclose CROSSES UNDER indicator1 and srsi)   If cbuy then buy 5000 CASH at market endif   If csell then sell at market endif   if csell then sellshort 5000 CASH at market endif   if cbuy then exitshort at market endif

  y code so far:

  

  jbyrne

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  07/06/2016 at 10:27 AM #10268
  Nicolas

  To achieve this, we can make a loop in the past to see if the conditions were met in the last 3 candles. We can also make summation of the result of a condition that return 1 if its met, with the SUMMATION instruction.

  Please find below your strategy modified accordingly to your needs:

  defparam preloadbars = 15 defparam CUMULATEORDERS = false // RSI COUNT CONDITIONS myRSI = RSI[14](close) // over 60 in the last 3 periods countS=0 countS=Summation[3](myRSI[1]>60) // under 40 in the last 3 periods countB=0 countB=Summation[3](myRSI[1]<40) indicator1 = Average[9](close) once haclose=close once haopen=open if barindex>1 then haclose=(open+close+low+high)/4 haopen=(haopen[1]+haclose[1])/2 endif //buy condition cBuy = (haclose CROSSES OVER indicator1 and countB=3) //sell condition cSell = (haclose CROSSES UNDER indicator1 and countS=3) If cbuy then buy 5000 CASH at market endif If csell then sell at market endif if csell then sellshort 5000 CASH at market endif if cbuy then exitshort at market endif

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  defparam preloadbars = 15 defparam CUMULATEORDERS = false   // RSI COUNT CONDITIONS myRSI = RSI[14](close) // over 60 in the last 3 periods countS=0 countS=Summation[3](myRSI[1]>60) // under 40 in the last 3 periods countB=0 countB=Summation[3](myRSI[1]<40)   indicator1 = Average[9](close)   once haclose=close once haopen=open   if barindex>1 then haclose=(open+close+low+high)/4 haopen=(haopen[1]+haclose[1])/2 endif   //buy condition cBuy = (haclose CROSSES OVER indicator1 and countB=3)   //sell condition cSell = (haclose CROSSES UNDER indicator1 and countS=3)   If cbuy then buy 5000 CASH at market endif   If csell then sell at market endif   if csell then sellshort 5000 CASH at market endif   if cbuy then exitshort at market endif

   

  

  Nicolas

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  07/06/2016 at 4:33 PM #10280
  jbyrne

  Thank you very much for your reply this was very helpful 🙂

  

  jbyrne

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