To display RSI with candlestick [SOLVED]

hendrix · Postby **hendrix** » 25 Jul 2015

Hello

Is there a way to display RSI indicator using candlesticks? as you can see on the attachement (prorealtime platform)

thanks

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CrazyNasdaq · Postby **CrazyNasdaq** » 25 Jul 2015

Hello

Is there a way to display RSI indicator using candlesticks? as you can see on the attachement (prorealtime platform)

thanks

[/img]

Here is what you search

Code: Select all

{RSI candlestick by CrazyNasdaq 20150725}



inputs:

	Length( 14 ),

	OverSold( 30 ),

	OverBought( 70 ),

	OverSColor( red ), 

	OverBColor( blue ),

	Up.color(rgb(50,205,50)),

	Dn.color(red);



variables:  var0(0), var1(0), var2(0), var3(0), color(0) ;



var0 = RSI( open, Length ) ;

var1 = RSI( High, Length ) ;

var2 = RSI( Low, Length ) ;

var3 = RSI( close, Length ) ;



if var0 > var3 then color = Dn.color;

if var0 < var3 then color = Up.color;



Plot1(Overbought, "Over Bought", OverSColor );

Plot2(OverSold, "Over Sold", OverBColor);



Plot3(var0, "Open RSI", color);  // plot style as left tick

Plot4(var1, "High RSI");         // plot style as bar high

Plot5(var2, "Low RSI");          // plot style as bar low

Plot6(var3, "Close RSI", color); // plot style as right tick

hendrix · Postby **hendrix** » 25 Jul 2015

Hi CrazyNasdaq!

thank you for your help

When I try to set your RSI, it doesn't display like your's, ie, I don't see candle wick, instead I juste see some dots above or below candlestick

What is your Multichart version please? (I use 9.1 beta / build 11373)

CrazyNasdaq · Postby **CrazyNasdaq** » 25 Jul 2015

Hi CrazyNasdaq!

thank you for your help

When I try to set your RSI, it doesn't display like your's, ie, I don't see candle wick, instead I juste see some dots above or below candlestick

What is your Multichart version please? (I use 9.1 beta / build 11373)

Hi hendrix,
that's because you use point bars /range bars and with them you affects the logic of RSI which looks for a ratio between >>> Average of x days' up closes / Average of x days' down closes where up close or down close are calculated by the difference from open and close (positive or negative)
Point bar is a kind of bar where you always have "OPEN" upper or lower then previous "CLOSE" bar which generates the new bar. This behaviour affects the logic of RSI function when you calculate it on High or LOW RSI candlestick
Try that code with a different kind of bar (time, volume, ticks ecc....) and you will find the wicks you are looking for

To display RSI with candlestick [SOLVED]

To display RSI with candlestick

Re: To display RSI with candlestick

Re: To display RSI with candlestick

Re: To display RSI with candlestick [SOLVED]