RSI Daily calculation indicator on any time frame

• 07/02/2016 at 8:34 PM #10120
  Yannick

  Hello

  As PRT in not able to run multitimeframe, I would like to run strategy on H4 but with D1 Daily RSI value

  I found the formula of RSI and how to build the indicator.

  Manual here at the bottom of the page https://www.prorealtime.com/en/help-manual/probuilder-custom-indicators

  However the probuilder doesn’t like the instruction Dclose instead of close.

  If I screen the time to record price value at 23h59, it should be able to recalculate the RSI value.

  However I don’t get any value back from the indicator, if you have any idea?

  Regards

  /////////// RSIDaily p=14 if time>235958 then cloture=open endif higher = MAX(0,cloture-cloture[1]) lower=MAX(0,cloture[1]-cloture) mmhigher=wilderaverage[p](higher) mmlower=wilderaverage[p](lower) RS=mmhigher/mmlower RSIdaily=100-100/(1+RS) return RSIdaily as "RSIDaily" ///end

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  /////////// RSIDaily p=14   if time>235958 then cloture=open endif   higher = MAX(0,cloture-cloture[1]) lower=MAX(0,cloture[1]-cloture)   mmhigher=wilderaverage[p](higher) mmlower=wilderaverage[p](lower)   RS=mmhigher/mmlower RSIdaily=100-100/(1+RS)   return RSIdaily as "RSIDaily"   ///end

   

   

   

   

  

  Yannick

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  07/03/2016 at 11:46 AM #10128
  Nicolas

  Try to embed the whole calculation into a condition that test that there’s already p barindex elapsed. Otherwise the average could not be calculated.

  

  Nicolas

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  07/04/2016 at 8:54 PM #10208
  Yannick

  Hi it is better like this.

  But i get a zero.

  I followed the instruction and

  /////////// RSIDaily p=14 if time>235958 then cloture=open higher = MAX(0,cloture-cloture[1]) lower=MAX(0,cloture[1]-cloture) mmhigher=wilderaverage[p](higher) mmlower=wilderaverage[p](lower) RS=mmhigher/mmlower RSIdaily=100-100/(1+RS) endif return RSIdaily as "RSIDaily" ///end

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  /////////// RSIDaily p=14   if time>235958 then cloture=open     higher = MAX(0,cloture-cloture[1]) lower=MAX(0,cloture[1]-cloture)   mmhigher=wilderaverage[p](higher) mmlower=wilderaverage[p](lower)   RS=mmhigher/mmlower RSIdaily=100-100/(1+RS) endif   return RSIdaily as "RSIDaily"   ///end

   

  

  Yannick

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  07/04/2016 at 8:55 PM #10209
  Yannick

  If I try to debug it

  I get zero from the first intruction

  /////////// RSIDaily //p=14 if time>235957 then cloture=open endif return cloture as "cloture"

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  /////////// RSIDaily //p=14   if time>235957  then cloture=open     endif   return cloture as "cloture"

   

  

  Yannick

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  07/05/2016 at 8:31 AM #10214
  Nicolas

  If you are using it on a timeframe that never test time>235957 (any timeframe above 1 minute..), your variable will never be set.

  In H4 timeframe, time would return round values like : 040000 .. 220000

  

  Nicolas

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  07/10/2016 at 2:01 PM #10379
  Yannick

  Hi

  thanks for your help; with corrected time test, I get something 🙂

  

  Yannick

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