Moving Average of RSI

traderwep · Oct 25 2006

Is there a way to plot an RSI and a moving average of that RSI in the same indicator pane in multicharts?

Chris · Oct 25 2006

Yes, but you will have to code it manually.

For example if this is your RSI code:


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" ) ;

You can modify it a little bit and use the RSI as the input for your MA:

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");

This should plot a simple ten period Moving Average of the RSI.

Chris

traderwep · Oct 25 2006

hi chris

thanks, i got it working.

wayne