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Forecast RSI

The document defines an indicator for calculating the Relative Strength Index (RSI), K% and D% values. It takes a data series as input, calculates RSI and smoothing values, and plots the RSI, K% and D% lines along with overbought and oversold bands.

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Iván Ramirez Gonzalez
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10 views3 pages

Forecast RSI

The document defines an indicator for calculating the Relative Strength Index (RSI), K% and D% values. It takes a data series as input, calculates RSI and smoothing values, and plots the RSI, K% and D% lines along with overbought and oversold bands.

Uploaded by

Iván Ramirez Gonzalez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as RTF, PDF, TXT or read online on Scribd
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instrument { name = “Forecast RSIr" }

period = input (14, "front.period", input.integer, 1)


source = input (1, "front.ind.source", input.string_selection,
inputs.titles)
input_group {
"front.ind.dpo.generalline",
color = input { default = "#DB4931", type = input.color },
width = input { default = 1, type = input.line_width}
}
input_group {
"front.platform.baseline",
zero_color = input { default = rgba(255,255,255,0.15), type =
input.color },
zero_width = input { default = 1, type = input.line_width },
zero_visible = input { default = true, type = input.plot_visibility }
}
if zero_visible then
hline (0, "", zero_color, zero_width)
end
local sourceSeries = inputs [source]
cfo = (sourceSeries - linreg (sourceSeries, period, 0)) / sourceSeries
plot (cfo, "CFO", color, width)

input_group {
"RSI",
rsi_period = input (14, "front.period", input.integer, 1)
}

input_group {
"%K",
k_period = input (14, "front.period", input.integer, 1),
smooth = input (3, "front.platform.smothing", input.integer, 1),

source = input (1, "front.ind.source", input.string_selection,


inputs.titles),

k_color = input { default = "#56CEFF", type = input.color },


k_width = input { default = 1, type = input.line_width}
}
input_group {
"%D",
d_period = input (3, "front.period", input.integer, 1),

d_color = input { default = "#FF7700", type = input.color },


d_width = input { default = 1, type = input.line_width}
}

input_group {
"front.newind.supportlines",
overbought = input (80, "front.overbought", input.double, 1, 100, 1,
false),
oversold = input (20, "front.oversold", input.double, 1, 100, 1, false),

overbought_color = input { default = rgba(37,225,84,0.50), type =


input.color },
oversold_color = input { default = rgba(255,108,88,0.50), type =
input.color },
bg_color = input { default = rgba(255,255,255,0.05), type =
input.color },

support_width = input { default = 1, type = input.line_width}


}

local sourceSeries = inputs [source]

delta = sourceSeries - sourceSeries [1]

up = ssma (max (delta, 0), rsi_period)


down = ssma (max (-delta, 0), rsi_period)

rs = up / down
rsi = 1 - 1 / (1 + rs)

ll = lowest (rsi, k_period)


rk = (rsi - ll) / (highest (rsi, k_period) - ll)

k = sma (rk, smooth) * 100


d = sma (k, d_period)
fill_area (overbought, oversold, "", bg_color)

hline { value = overbought, color = overbought_color, width =


support_width, style = style.dash_line }
hline { value = oversold, color = oversold_color, width = support_width,
style = style.dash_line }

plot (k, "%K", k_color, k_width)


plot (d, "%D", d_color, d_width)

hline { value = 90, color = rgba(255,255,255,0), show_label = false }


hline { value = 10, color = rgba(255,255,255,0), show_label = false }

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