Rsi(OMA) enhanced

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.

//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"

//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)

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"

dynamic dynamic levels RSI rsioma

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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Andrea.1981 sorry i add my code but it not enter why i dont know

Andrea.1981 this is code simply stop , and you can see another version for stop / Codice principale...

AntoGH how did you backtest it ?

PastaPesto @AntoGH , I dont know if you are asking me, but my backtest was made in an IS of 4 years bet...

Ridder @PastaPesto Do you still running this and how is the results? Thanks

Nicolas Change line 62 with: drawcandle(flup,fldn,flup,fldn) coloured(169,169,169,80) bordercolor(16...

DimKar Thank you very much from Greece sir , have a nice day ....!!!! Really i do not have words...

mit_ose Bonjour, J'ai d'excellents résultats avec cet indicateur simple et efficace; Merci beaucoup;

myhlo Super Nicolas !! Cet indicateur offre une nouvelle lecture du Rsi ! Ces bandes up & Dawn...

okiki please how can i acess the indicator i like it and want it please am new here

Nicolas download the itf file above and import it into your prorealtime platform: https://www.prorea...

XXXXVII Excellent indicateur ! Déterminer une tendance est devenu un jeu d'enfants ! Félicitation......

gregoire bonjour nicolas j ai cherché partout sur le net et impossible de trouvé ce que je recherch...

Nicolas Merci de poster une demande dans le forum des indicateurs, ainsi on pourra le coder dans ce ...

Marcos Alvarez Dominguez Hello Nicolas, is it possible to stablish a bullish screener for this indicator when the cen...

Nicolas Please open a topic in the screener section to ask for this specific query.

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fisiotrancos Hola, seria posible añadir una línea horizontal en el nivel 0? Me gustaría hacer un screener...

Nicolas cambiar la última línea por ésta: return val coloured(r,g,b) style(line,2), levelu style(do...

bala Hi Nicolas, I have been extensively researching for lot of answers here. I found that you...

Nicolas Don't apply it on price, use the main "indicator and trading system" button found on the top...

Bogdan35 Hello, Is there one for MT4?

Kosuda76 Thanks for your reply! But I do not really understand what the opposite of them the values ...

AdriTrade Good job Louis!! How could do this for the Williams indicator? Thank you very much.

imorandin Hi!, Nice code. I'm tryng to port it to another language, but I don't understand this part:...

Maxime Baudin Thanks

jissey Bonjour Bolsatrilera, je trouve le cm rsi interessant, merci de l'avoir mis à disposition ! ...

bolsatrilera bonjour jissey, je n'ai aucune information sur ce que tu dis, je suis désolé.

ALE Hi the color is given by a numerical value derived from the oscillator in use. If you comp...

efahmy Thanks mate

Jo-01-R Hello, it is possible to have this indicator but instead of colors rather have numbers rangi...

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