RSI condition

Fredrik · 2017-05-09T06:28:44+00:00

Hi guys, Trying to get my head round how to get a condition when RSI has been above 75 and is breaking below 70. I can create them independently but can’t see how I can get the RSI above 75 for last x candles… _rsi = RSI[21](close) c1 = (_rsi > 75) c2 = (_rsi CROSSES UNDER 70) Thanks!

Viewing 5 posts - 1 through 5 (of 5 total)

Author

Posts
05/09/2017 at 7:28 AM #34879 quote
Fredrik
Participant

New
Hi guys,

Trying to get my head round how to get a condition when RSI has been above 75 and is breaking below 70. I can create them independently but can’t see how I can get the RSI above 75 for last x candles…
```
_rsi = RSI[21](close)
c1 = (_rsi > 75)
c2 = (_rsi CROSSES UNDER 70)
```
Thanks!
05/09/2017 at 8:34 AM #34887 quote

victormork
Participant

Veteran

Hi Fredrik! Maybe try with rsi open or high above 75 and then crossing under. The condition is only valid for the last candle.

05/09/2017 at 10:19 AM #34905 quote
Fredrik
Participant

New
Hi, thanks, ok wanna guide me? 🙂
```
_rsi = RSI[21](close) // This is calculating the 21 last bars on the closing prise right?

c1 = _rsi[3](high) // Something like this? rsi high value on the 3:rd candle back in time?
```
05/09/2017 at 10:35 AM #34910 quote
victormork
Participant

Veteran
The number in your RSI[14] is referring to the amount of periods used to calculate the RSI value for the LATEST CLOSED candle. As far as I know you can’t use the RSI value from three bars back on your latest bar. However, if you use a very short period to calculate RSI, lets say 2 periods, then you have a greater chance of having the same candle crossing through both the value 75 and 70 at the same time.

I was thinking like this:
```
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated
DEFPARAM Preloadbars = 100
//indicaator
indicator1 = RSI[2](close)

// Conditions to enter short positions
c1 = (indicator1 CROSSES UNDER 70)
c2 = (high > (indicator1 = 75))

IF c1 THEN
SELLSHORT 1 CONTRACT AT MARKET
ENDIF

// Conditions to exit short positions
c2 = (indicator1 CROSSES UNDER 30)

IF c2 THEN
EXITSHORT AT MARKET
ENDIF
```
Try this code on EURUSD 1 H and you will see. OBS there is no stop loss in place!

Lycka till!

Fredrik and Nicolas thanked this post
05/09/2017 at 11:42 AM #34923 quote

Fredrik
Participant

New

Ahh, thanks alot Victor!
Author

Posts