Stoch RSI Heat Map

• 10/28/2019 at 6:19 PM #111449
  Loop

  Hi All,

  I have this little code for a Stochastic RSI Indicator built up on an exponentialmoving average of xx length:

  A=exponentialaverage[xx](close) AH=exponentialaverage[xx](high) AL=exponentialaverage[xx](low) RSI14 = RSI[14](A) MinRSI = lowest[14](RSI[14](AH)) MaxRSI = highest[14](RSI[14](AL)) StochRSI = (RSI14-MinRSI) / (MaxRSI-MinRSI) IF StochRSI < 0 THEN StochRSI = 0 ENDIF IF StochRSI > 1 THEN StochRSI = 1 ENDIF return StochRSI as "Stoch RSI 3", 0.2, 0.8

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  A=exponentialaverage[xx](close) AH=exponentialaverage[xx](high) AL=exponentialaverage[xx](low)   RSI14 = RSI[14](A) MinRSI = lowest[14](RSI[14](AH)) MaxRSI = highest[14](RSI[14](AL))   StochRSI = (RSI14-MinRSI) / (MaxRSI-MinRSI)   IF StochRSI < 0 THEN StochRSI = 0 ENDIF   IF StochRSI > 1 THEN StochRSI = 1 ENDIF   return StochRSI as "Stoch RSI 3", 0.2, 0.8

   

  I would like to build up an “heat map chart” similar to that reported here: https://www.prorealcode.com/prorealtime-indicators/rsi-multiperiods-heatmap/ in which the values of my “Stochastic RSI Indicator” are represented in function of the xx length value of the exponential moving average.

  Can anyone help me with this idea?

  Thanks a lot

  Loop

   

   

  

  Loop

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  10/28/2019 at 8:12 PM #111454
  Vonasi

  Loop – Please use the ‘Insert PRT Code’ button when posting code in future posts as it makes it so much easier for others to read. I have tidied up your post on this occasion. 🙂

  

  Vonasi

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  10/29/2019 at 9:14 AM #111494
  Nicolas

  So do you consider that the 3 exponential moving average A, AH and AL share the same exact calculation period?

  

  Nicolas

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  10/29/2019 at 1:12 PM #111533
  Loop

  Hi Nicolas,

  I did. Does this represent  a problem?

   

  

  Loop

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  10/30/2019 at 2:31 PM #111671
  Nicolas

  I don’t know how you will interpret it, but here it is:

  //PRC_STOCH RSI multiperiods HeatMap | indicator //https://www.prorealcode.com/topic/stoch-rsi-heat-map/ //Plot an heatmap of the RSI range of periods //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge // --- settings startperiod=14 //start period of the loop maxscale=200 //end period of the loop Step=7 //period step of the loop // --- end of settings iPeriod=startperiod //first period to test is..startperiod while iPeriod<=maxscale do // --- indicator calculation A=exponentialaverage[iperiod](close) AH=exponentialaverage[iperiod](high) AL=exponentialaverage[iperiod](low) RSI14 = RSI[14](A) MinRSI = lowest[14](RSI[14](AH)) MaxRSI = highest[14](RSI[14](AL)) StochRSI = (RSI14-MinRSI) / (MaxRSI-MinRSI)*100 // ----- result=stochRSI R = max(0,50+(200-(result-50)*12)) G = max(0,50+(200+(result-50)*12)) drawtext("■",barindex,iperiod,dialog,bold,18) coloured(min(max(10,r),255),min(max(10,g),255),0) iPeriod=max(startperiod,iPeriod+Step) //increase indicator period for next loop iteration wend return startperiod,maxscale

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  //PRC_STOCH RSI multiperiods HeatMap | indicator //https://www.prorealcode.com/topic/stoch-rsi-heat-map/ //Plot an heatmap of the RSI range of periods //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge   // --- settings startperiod=14 //start period of the loop maxscale=200 //end period of the loop Step=7 //period step of the loop // --- end of settings   iPeriod=startperiod //first period to test is..startperiod   while iPeriod<=maxscale do   // --- indicator calculation A=exponentialaverage[iperiod](close) AH=exponentialaverage[iperiod](high) AL=exponentialaverage[iperiod](low)   RSI14 = RSI[14](A) MinRSI = lowest[14](RSI[14](AH)) MaxRSI = highest[14](RSI[14](AL))   StochRSI = (RSI14-MinRSI) / (MaxRSI-MinRSI)*100     // -----   result=stochRSI   R = max(0,50+(200-(result-50)*12)) G = max(0,50+(200+(result-50)*12))   drawtext("■",barindex,iperiod,dialog,bold,18) coloured(min(max(10,r),255),min(max(10,g),255),0)   iPeriod=max(startperiod,iPeriod+Step) //increase indicator period for next loop iteration wend   return startperiod,maxscale

   

  

  Nicolas

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