RSI Daily calculation indicator on any time frame

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    Posts
  • 07/02/2016 at 8:34 PM #10120 quote
    Yannick
    Participant
    Veteran

    Hello

    As PRT in not able to run multitimeframe, I would like to run strategy on H4 but with D1 Daily RSI value

    I found the formula of RSI and how to build the indicator.

    Manual here at the bottom of the page https://www.prorealtime.com/en/help-manual/probuilder-custom-indicators

    However the probuilder doesn’t like the instruction Dclose instead of close.

    If I screen the time to record price value at 23h59, it should be able to recalculate the RSI value.

    However I don’t get any value back from the indicator, if you have any idea?

    Regards

    /////////// RSIDaily
p=14

if time>235958 then
cloture=open
endif

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)

return RSIdaily as "RSIDaily"

///end
    07/03/2016 at 11:46 AM #10128 quote
    Nicolas
    Keymaster
    Master

    Try to embed the whole calculation into a condition that test that there’s already p barindex elapsed. Otherwise the average could not be calculated.

    07/04/2016 at 8:54 PM #10208 quote
    Yannick
    Participant
    Veteran

    Hi it is better like this.

    But i get a zero.

    I followed the instruction and

    /////////// RSIDaily
p=14

if time>235958 then
cloture=open


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
    07/04/2016 at 8:55 PM #10209 quote
    Yannick
    Participant
    Veteran

    If I try to debug it

    I get zero from the first intruction

    /////////// RSIDaily
//p=14

if time>235957  then
cloture=open


endif

return cloture as "cloture"
    07/05/2016 at 8:31 AM #10214 quote
    Nicolas
    Keymaster
    Master

    If you are using it on a timeframe that never test time>235957 (any timeframe above 1 minute..), your variable will never be set.

    In H4 timeframe, time would return round values like : 040000 .. 220000

    07/10/2016 at 2:01 PM #10379 quote
    Yannick
    Participant
    Veteran

    Hi

    thanks for your help; with corrected time test, I get something 🙂

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RSI Daily calculation indicator on any time frame


ProBuilder: Indicators & Custom Tools

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Author
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Yannick @yannick Participant
Summary

This topic contains 5 replies,
has 2 voices, and was last updated by Yannick
9 years, 7 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 07/02/2016
Status: Active
Attachments: No files
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