Hi,
Francesco had done a great job with the strategy indicator. I like it. Thank you Frank.
However, I wanted to convert this as a strategy but it doesn’t work…
I’ve removed line 31 to 35 and 51 to 55 replaced by the “buy 1 contract at market”… error.
Anyone would have a “tuto” or a piece of advice, I’d be happy to learn “how to” tweak it (same for other great indicators from the library…)
Thank you all.
//RSI Divergences By Frank (Francesco)
//Description: the indicator draws arrows on chart as entry points when a direct or an hidden RSI divergence is found.
//When a DIRECT divergence is found, "dd" (direct divergence) text is added to chart over (Sell signal) or under (Buy signal) the arrow
//When an HIDDEN or INVERSE divergence is found, "hd" (hidden divergence) text is added to chart over (Sell signal) or under (Buy signal) the arrow
//Variables:
//RsiPeriod: number of bars to calculare RSI value
//RsiOverSold: Oversold Level
//RsiOverBought: OverBought Level
//MinBarRange: minimum distance from two consecutive RSI Highs or RSI Lows
Rge = averagetruerange[10](close)
MyRSI = rsi[RsiPeriod](Close)
ONCE ShiftText = 3
RsiMax = MyRSI < MyRSI[1] and MyRSI[1] > MyRSI[2] and MyRSI[1] > RsiOverBought
RsiMin = MyRSI > MyRSI[1] and MyRSI[1] < MyRSI[2] and MyRSI[1] < RsiOverSold
if RsiMax then
RSIMax1 = MyRSI[1]
High1 = High[1]
for I = MinBarRange to 80
if RsiMax[I] then
RSIMax2 = MyRSI[I + 1]
High2 = High[I + 1]
If High1 > High2 and RSIMax1 < RSIMax2 then
DRAWARROWDOWN(barindex, High + Rge / ShiftText)coloured(255,192,203,255)
DRAWTEXT("dd", barindex, High + Rge / ShiftText / 0.3,SansSerif,Italic,10)coloured(0,0,255,255)
elsif High1 < High2 and RSIMax1 > RSIMax2 then
DRAWARROWDOWN(barindex, High + Rge / ShiftText)coloured(255,192,203,255)
DRAWTEXT("hd", barindex, High + Rge / ShiftText / 0.2,SansSerif,Italic,10)coloured(0,0,255,255)
endif
break
endif
next
endif
if RsiMin then
RSIMin1 = MyRSI[1]
Low1 = Low[1]
for I = MinBarRange to 80
if RSIMin[I] then
RSIMin2 = MyRSI[I + 1]
Low2 = Low[I + 1]
If Low1 < Low2 and RSIMin1 > RSIMin2 then
DRAWARROWUP(barindex, lOW - Rge / ShiftText)coloured(0,0,255,255)
DRAWTEXT("dd", barindex, lOW - Rge / ShiftText / 0.3,SansSerif,Italic,10)coloured(0,0,255,255)
elsif Low1 > Low2 and RSIMin1 < RSIMin2 then
DRAWARROWUP(barindex, lOW - Rge / ShiftText)coloured(0,0,255,255)
DRAWTEXT("hd", barindex, lOW - Rge / ShiftText / 0.2,SansSerif,Italic,10)coloured(0,0,255,255)
endif
break
endif
next
endif
return