Moving Average of RSI
Moving Average of RSI
Is there a way to plot an RSI and a moving average of that RSI in the same indicator pane in multicharts?
Re: Moving Average of RSI
Yes, but you will have to code it manually.
For example if this is your RSI code:
You can modify it a little bit and use the RSI as the input for your MA:
This should plot a simple ten period Moving Average of the RSI.
Chris
For example if this is your RSI code:
Code: Select all
inputs:
Price( Close ),
Length( 14 ),
OverSold( 30 ),
OverBought( 70 ),
OverSColor( Cyan ),
OverBColor( Red ) ;
variables:
RSIValue( 0 ) ;
RSIValue = RSI( Price, Length ) ;
Plot1( RSIValue, "RSI" ) ;
Plot2( OverBought, "OverBot" ) ;
Plot3( OverSold, "OverSld" ) ;
Code: Select all
inputs:
Price( Close ),
Length( 14 ),
MALength(10),
PlotMA(true),
OverSold( 30 ),
OverBought( 70 ),
OverSColor( Cyan ),
OverBColor( Red ) ;
variables:
RSIValue( 0 ),
RSIMA (0);
RSIValue = RSI( Price, Length ) ;
RSIMA = AverageFC(RSIValue, MALength);
Plot1( RSIValue, "RSI" ) ;
Plot2( OverBought, "OverBot" ) ;
Plot3( OverSold, "OverSld" ) ;
If PlotMA then
Plot4(RSIMA, "RSIMA");
Chris