RSI Daily calculation indicator on any time frame

Yannick · 2016-07-02T19:34:22+00:00

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

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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

Legend

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

Legend

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

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Yannick @yannick Participant

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

Topic Details

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