number of bars

• 09/25/2024 at 3:35 PM #238007
  LivJoJade

  Hi all again

  Attached a RSI/Price divergence with added Bolly Bands criteria indicator for your perusal. First of all could someone double check the code for me as my knowledge is somewhat limited and secondly I wish to limit the number of bars used to build the divergence, possibly only the last 20 bars? Hope that makes sense.

  

  LivJoJade

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  09/25/2024 at 5:03 PM #238014
  robertogozzi

  Ever tried using:

  myDIV = DivergenceRSI[5,30,70,20](close)

  1	myDIV = DivergenceRSI[5,30,70,20](close)

  from https://www.prorealcode.com/documentation/divergencersi/ ?

   

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  robertogozzi

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  09/25/2024 at 6:02 PM #238016
  LivJoJade

  Hi Robert

  In the indicator you post is 5 the number of RSI periods ?

  and the figure 20 I assume is the number of bars for the formation of a divergence, however, does that mean any divergence has to be formed on exactly 20 bars or any number of bars up to 20 ?

  many thanks for your help.

  

  LivJoJade

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  09/25/2024 at 6:59 PM #238021
  robertogozzi

  Divergence is calculated between the HIGHEST and the LOWEST prices within the last 20 bars (the bars in between can be as little as 2 and up to 20).
  You can read all detail at https://www.prorealcode.com/documentation/divergencersi/

   

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  robertogozzi

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  09/25/2024 at 7:12 PM #238023
  LivJoJade

  Again many thanks Robert

  If I could trouble you for one more thing. What code would include the added requirement for a close above or below the bolly bands at the time of the RSI divergence signal delivery..

  

  LivJoJade

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  09/26/2024 at 8:25 AM #238037
  Iván

  Hi!
  Just add this:

  cond=close>BollingerUp[20](close)

  1	cond=close>BollingerUp[20](close)

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  09/26/2024 at 7:54 PM #238106
  LivJoJade

  Good afternoon Ivan

  For some reason that isn’t having the desired affect. The original code is this………….

  i = DivergenceRSI[14,30,70,5](close)

  return i style(histogram)

  But I wish to add extra criteria that being a close > BB for a bearish divergence……..

  1	cond=close>BollingerUp[20](close)

  and a close < BB for a bullish divergence……..

  1	cond=close<BollingerUp[20](close)

   

  Hoping I’m making some kind of sense and really appreciative of your help.

   

  

  LivJoJade

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  09/28/2024 at 5:17 PM #238213
  robertogozzi

  There you go:

  i = DivergenceRSI[14,30,70,5](close) Signal = 0 IF i = 1 THEN IF close<BollingerUp[20](close) THEN //isn't it BollingerDown? Signal = 1 ENDIF ELSIF i = -1 THEN IF close>BollingerUp[20](close) THEN Signal = -1 ENDIF ENDIF return Signal style(histogram)

  1 2 3 4 5 6 7 8 9 10 11 12

  i = DivergenceRSI[14,30,70,5](close) Signal = 0 IF i = 1 THEN    IF close<BollingerUp[20](close) THEN    //isn't it BollingerDown?       Signal = 1    ENDIF ELSIF i = -1 THEN    IF close>BollingerUp[20](close) THEN       Signal = -1    ENDIF ENDIF return Signal style(histogram)

   

  

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