Bongo Indicator

• 08/01/2024 at 8:52 AM #235995
  jcl

  Could someone develop the codes for the Force Index and Bongo indicators as seen in Gil Morales’ screenshot? Thanks
  The Bongo indicator was designed by a group of traders at an HGSI seminar. The Bongo turns green when the Wilder’s RSI 8, 14, and 19 are streaming (8 over 14 over 19) and the close price is above the 9 period moving average. The bongo stays green until a down signal is detected (RSI’s streaming 8 below 14 below 19) and the close price is below the 9 period MA at which point it turns red and stays that way until another up signal is detected.

  

  jcl

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  08/01/2024 at 9:02 AM #235998
  robertogozzi

  Only post in the language of the forum that you are posting in. For example English only in the English speaking forums and French only in the French speaking forums.

  Thanks 🙂

  I moved it from the Spanish forum.

   

  

  robertogozzi

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  08/01/2024 at 9:31 AM #236004
  Iván

  Bong:

  // Parámetros rsiShort = 8 rsiMedium = 14 rsiLong = 19 maPeriod = 9 // Cálculo del RSI rsi8 = RSI[rsiShort](close) rsi14 = RSI[rsiMedium](close) rsi19 = RSI[rsiLong](close) // Cálculo de la media móvil ma9 = Average[maPeriod](close) // Condiciones para la señal verde greenSignal = (rsi8 > rsi14) AND (rsi14 > rsi19) AND (close > ma9) // Condiciones para la señal roja redSignal = (rsi8 < rsi14) AND (rsi14 < rsi19) AND (close < ma9) // Indicador Bongo once bongo = 0 IF greenSignal THEN bongo = 1 r=0 g=255 ELSIF redSignal THEN bongo = -1 r=255 g=0 ENDIF return bongo style(histogram)coloured(r,g,0)

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  // Parámetros rsiShort = 8 rsiMedium = 14 rsiLong = 19 maPeriod = 9   // Cálculo del RSI rsi8 = RSI[rsiShort](close) rsi14 = RSI[rsiMedium](close) rsi19 = RSI[rsiLong](close)   // Cálculo de la media móvil ma9 = Average[maPeriod](close)   // Condiciones para la señal verde greenSignal = (rsi8 > rsi14) AND (rsi14 > rsi19) AND (close > ma9)   // Condiciones para la señal roja redSignal = (rsi8 < rsi14) AND (rsi14 < rsi19) AND (close < ma9)   // Indicador Bongo once bongo = 0   IF greenSignal THEN bongo = 1 r=0 g=255 ELSIF redSignal THEN bongo = -1 r=255 g=0 ENDIF   return bongo style(histogram)coloured(r,g,0)

  

  Iván

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  08/01/2024 at 9:57 AM #236007
  jcl

  Muchas gracias Iván

  Thank you very much Ivan

  

  jcl

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