HPotter

RSI HistoAlert Strategy

This is simple indicator modified RSI Strategy
You can use in the xPrice any series: Open, High, Low, Close, HL2 , HLC3, OHLC4 and ect...
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//  Copyright by HPotter v1.0 07/08/2014
// This simple indicator modified RSI
// You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
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study(title="RSI HistoAlert Strategy")
RSIPeriod = input(13, minval=1)
BuyAlertLevel = input(-10)
SellAlertLevel = input(10)
RSIHistoModify = input(1.5)
hline(0, color=purple, linestyle=line)
hline(BuyAlertLevel, color=green, linestyle=dashed)
hline(SellAlertLevel, color=red, linestyle=dashed)
xPrice = close
RSIMain = (rsi(xPrice, RSIPeriod) - 50) * RSIHistoModify
rsiHcolor = iff(RSIMain >= 0 , green,
        iff(RSIMain < 0, red, black))
pos =iff(RSIMain > BuyAlertLevel, 1,
	    iff(RSIMain < SellAlertLevel, -1, nz(pos[1], 0))) 
barcolor(pos == -1 ? red: pos == 1 ? green : blue )        
plot(RSIMain, color=blue, title="RSI HistoAlert")
plot(RSIMain, color=rsiHcolor, title="Histogram", style = histogram, linewidth  = 1)
DONATE/TIP

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se puede usar en temporalidad de 1 hr o otra temporalidad? o solo sirve para 1D?
Reply
Perfect!
Reply
HPotter Armagan07
@Armagan07, Thank you.
Reply
how to use...
+7 Reply
You mean crossing the preset alert lines? I altered them, they don't seem to correspond now. Is there another parameter I have edit as well when I change the alert line values?

Thanks.
+5 Reply
HPotter Cryptocontinuum
@Cryptocontinuum, Yes. You can to change any parameters in the script for your best results.
Reply
Hello, very useful RSI tool. What is the correlation between the highlighted candlesticks and the RSI itself?

Thank you.
+2 Reply
HPotter Cryptocontinuum
@Cryptocontinuum, Crosses buy and sell alerts lines.
+1 Reply

very nice!!
iv replaced RSI with Zerolag RSI and filtered with linear regression to be smoother when i use values below 10
+6 Reply
Looks good Glaz
Reply
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