The RSIoMA is a simple RSI calculation of a moving average. In this version you can choose the smoothing period and method of the moving average (PriceSmoothing = period and PriceSmoothingM = method).
This version of the RSIoMA include the dynamic levels calculation for overbought and oversold zones.
Converted from an MT5 version by a request in the forum.
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//PRC_RSIoMA extended | indicator //27.08.2018 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from MT5 version // --- settings RsiPeriod = 14 // Rsi period PriceSmoothing = 21 // Price smoothing (<= 1 for no smoothing) PriceSmoothingM = 1 // Price smoothing method (MA mode) MinMaxPeriod = 50 // Floating levels period (<= 1 for fixed levels) LevelUp = 80.0 // Up level % LevelDown = 20.0 // Down level % // --- end of settings RsiPrice = customclose // Price to use n=max(1,PriceSmoothing) ma=average[n,PriceSmoothingM](RsiPrice) rsioma=rsi[RsiPeriod](ma) //levels mmin = rsioma mmax = rsioma for k=1 to MinMaxPeriod-1 do mmin=min(rsioma[k],mmin) mmax=max(rsioma[k],mmax) next rrange = mmax-mmin levelupz = mmin+LevelUp * rrange/100 leveldnz = mmin+LevelDown * rrange/100 levelmi = mmin+0.5*rrange //colours r=192 g=192 b=192 if rsioma>levelupz then r=50 g=205 b=50 elsif rsioma<leveldnz then r=255 g=165 b=0 endif return rsioma coloured(r,g,b) style(line,3) as "RSIoMA",levelupz coloured(50,205,50) style(dottedline,2) as "Level Up", leveldnz coloured(255,165,0) style(dottedline,2) as "Level Down", levelmi coloured(155,155,155) style(dottedline,2) as "mid level" |
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