Rsi, Rsi divergences and Bollinger Bands

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Viewing 15 posts - 1 through 15 (of 17 total)
  • #178778

    In reply to this question https://www.prorealcode.com/topic/risk-and-money-management-errors/page/2/#post-178768, this is my reply.
    Make the last line read:

    #178928

    @robertogozzi

    Many thanks for the solution.

    Now lets say a typical instrument presenting both ranging and trending market conditions over some periods. I want to add RSI crossover indicator signals and RSI divergence indicator signals to Bollinger bands such that whatever market conditions currently being presented the appropriate or corresponding signal will trigger.

    May i know how feasible this strategy can be?

    Regards.

     

    #178934

    Start new topics for different questions.

    Thanks 🙂

    I did it.

    I’ll make it asap.

     

    #178936

    @ Robertogozzi

    Please i don’t understand your previous message, does it mean you have already created a different  topic for this? If so where is it, how can i access it?

    May i know whether you also mean you will be able to help me in writing this strategy?

    #178976

    Hello can you reply so i can proceed for there please.

    #178977

    I already replied.

     

    #178985

    Do not double post. Ask your question only once and only in one forum. All double posts will be deleted anyway so posting the same question multiple times will just be wasting your own time and will not get you an answer any quicker. Double posting just creates confusion in the forums.

    Thank you 🙂

    I ALREADY replied you and did it (it wasn’t the same topic as before, couldn’t you see that?), as I already told you.

    Be patient, I will do it as soon as possible (that’s what asap means).

     

     

    #179043

    There you go. This indicator will return:

    •  1 = bullish signal
    • -1 = bearish signal

    You will set settings as best suits you.

    I suggest that you set the properties so that the signal is plotted as a histogram.

    I also suggest that you import the attached ITF file where variables are already defined and declared. If you prefer to Copy & Paste the above code, uncomment lines 4-7.

    #179114

    @robertogozzi

    Am so grateful for the codes.

    After running according to your instruction i got the result in the attached screenshot.

    Please can you help me interpret the result? am not familiar with the histogram presentation.

    Also the signal symbols (arrows ) are not printed on the chart.

    Also how are we able to confirm the RSI Crossover signals are confined to ranging conditions only?

    Regards.

     

    #179115

    Sorry i forgot to attached the screenshot

    #179252

    Open the indicator’s setting (xPic) and select HISTOGRAM (you can also change colours). I also sugget that you remove any color zone (yPic).

    The indicator returns 1 for Long signals and -1 for short signals.

    There is no provision for RSI crossovers. If you want to signal them just explain me what you want and, for ranging periods, how you want to detect them.

    As for arrows, this is the version to be added ON your chart (not below like the other one) as from attached zPic:

    #180857

    Hola Roberto

    I don’t see the coefficient of the bollinger bands ? how can we add it ?…

    thank you

    #180861

    BollingerUP and BollingerDOWN have a built-in 2.0 standard deviation that cannot be changed.
    They need to be replaced by a custom BB calculation:

    then replace BolligerUP and BolligerDOWN with BollUP and BollDN, respectively.

    #180862

    thank you so much Roberto

    #180866

    Is this code is right ? because my signal on “banco de sabadell” on October 6th with the same parameters  is missing  ?

Viewing 15 posts - 1 through 15 (of 17 total)

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