RSI Cloud afl for amibroker
Relative Strength Index
The Relative Strength Index (RSI) was developed by J. Welles Wilder in the 1970′s. It is a very useful and popular momentum oscillator that compares the magnitude of a stock’s recent gains to the magnitude of its recent losses
_SECTION_BEGIN("RSI_LONG 30 mt Intraday");
Plot (EMA (RSI(7),5), "SmoothRSI", colorBrightGreen,styleThick);
A=EMA (RSI(10),5);
B=EMA (RSI(21),5);
Plot(A,"",colorPink, styleLine|styleThick);
Plot(B,"",colorPink, styleLine|styleThick);
PlotOHLC( 0, A , B ,B , "Cloud", IIf(A > B ,colorBrightGreen,ColorRGB(150,0,50)), styleCloud|styleNoLabel);
Color30=IIf(V>EMA(V,10),colorBrightGreen,colorRed);
Color50=IIf(V>1.5*EMA(V,10),colorBrightGreen,colorRed);
Color70=IIf(V>2*EMA(V,10),colorBrightGreen,colorRed);
Plot (50, "", colorWhite,styleDots, styleThick);
Plot (30, "", colorOrange, styleThick);
Plot (70, "", colorYellow, styleThick);
About Money99
Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.
