RSI condition

• 05/09/2017 at 7:28 AM #34879
  Fredrik

  Hi guys,

  Trying to get my head round how to get a condition when RSI has been above 75 and is breaking below 70. I can create them independently but can’t see how I can get the RSI above 75 for last x candles…

  _rsi = RSI[21](close) c1 = (_rsi > 75) c2 = (_rsi CROSSES UNDER 70)

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  _rsi = RSI[21](close) c1 = (_rsi > 75) c2 = (_rsi CROSSES UNDER 70)

  Thanks!

  

  Fredrik

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  05/09/2017 at 8:34 AM #34887
  victormork

  Hi Fredrik! Maybe try with rsi open or high above 75 and then crossing under. The condition is only valid for the last candle.

  

  victormork

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  05/09/2017 at 10:19 AM #34905
  Fredrik

  Hi, thanks, ok wanna guide me? 🙂

  _rsi = RSI[21](close) // This is calculating the 21 last bars on the closing prise right? c1 = _rsi[3](high) // Something like this? rsi high value on the 3:rd candle back in time?

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  _rsi = RSI[21](close) // This is calculating the 21 last bars on the closing prise right?   c1 = _rsi[3](high) // Something like this? rsi high value on the 3:rd candle back in time?

   

   

  

  Fredrik

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  05/09/2017 at 10:35 AM #34910
  victormork

  The number in your RSI[14] is referring to the amount of periods used to calculate the RSI value for the LATEST CLOSED candle. As far as I know you can’t use the RSI value from three bars back on your latest bar. However, if you use a very short period to calculate RSI, lets say 2 periods, then you have a greater chance of having the same candle crossing through both the value 75 and 70 at the same time.

  I was thinking like this:

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated DEFPARAM Preloadbars = 100 //indicaator indicator1 = RSI[2](close) // Conditions to enter short positions c1 = (indicator1 CROSSES UNDER 70) c2 = (high > (indicator1 = 75)) IF c1 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Conditions to exit short positions c2 = (indicator1 CROSSES UNDER 30) IF c2 THEN EXITSHORT AT MARKET ENDIF

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated DEFPARAM Preloadbars = 100 //indicaator indicator1 = RSI[2](close)   // Conditions to enter short positions c1 = (indicator1 CROSSES UNDER 70) c2 = (high > (indicator1 = 75))   IF c1 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF   // Conditions to exit short positions c2 = (indicator1 CROSSES UNDER 30)   IF c2 THEN EXITSHORT AT MARKET ENDIF

  Try this code on EURUSD 1 H and you will see. OBS there is no stop loss in place!

  Lycka till!

  2 users thanked author for this post.

  Nicolas, Fredrik

  

  victormork

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  05/09/2017 at 11:42 AM #34923
  Fredrik

  Ahh, thanks alot Victor!

  

  Fredrik

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