Tradingview RSI

• 08/29/2020 at 1:57 PM #142911
  thomasc791

  Hi guys, I am trying to make replicate the tradingview rsi as well as the moneyflow, in prorealtime. However, i can’t seem to figure out how i’m supposed to take the change of the “close” price of all values in a 14 period. I hope you guys can help me. It’s because i made an indicator in tradingview, but my code seems to give a different value when i use the RSI and MFI of ProRealTime.

  

  thomasc791

  Participant

  Topics: 1

  Replies: 2

  Been thanked: 0 times
  08/30/2020 at 12:04 PM #142970
  Nicolas

  I think that the formula are the same. You find different results because you are comparing different data?

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4775 times
  08/30/2020 at 1:11 PM #142972
  thomasc791

  Thank you for this comment it actually helped me a lot. I noticed that they are indeed the same for RSI and MFI. However, this only applies when the MFI indicator is set on 14 periods. For the RSI it worked when it was set to both 14 and 20. The problem is, that I need the 20 periods on both indicators for it to work. I have attached the comparison.

  

  thomasc791

  Participant

  Topics: 1

  Replies: 2

  Been thanked: 0 times
  08/31/2020 at 1:47 PM #143054
  Nicolas

  Sorry but I think you did not understood what I meant 🙂 Which instrument are you using to make comparison? Do they have the exact same OHLC values? Are you with IG or another broker?

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4775 times
  08/31/2020 at 2:01 PM #143057
  thomasc791

  oh I’m sorry, i used Royal Dutch Shell from euronext amsterdam for the comparison. I just checked and the OHLC values are exactly the same for both ProRealTime and TradingView. RSI is also exactly the same no matter the amount of bars. MFI is only the same on 14 bars. I’m with BinckBank, but i don’t see how that would make a difference

  

  thomasc791

  Participant

  Topics: 1

  Replies: 2

  Been thanked: 0 times
  08/31/2020 at 4:41 PM #143091
  Nicolas

  Since MFI calculation is based on Volumes, there might a difference between the 2 data history. Dividend adjustments could also be the problem here.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4775 times
• Author
  Posts