[EquisMetaStock Group] Re: RSI as histogram with trigger periods

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

Hemant,

Normally you would simply right click on the indicator and select your 
viewing syle. In this case, the RSI does not oscilate about zero so 
any histogram would be one sided unless you decide to change the value 
or accept some other center point. The trigger is just a moving 
average of the RSI.

You'll really need to make a decision as to how you wish to proceed. I 
have seen the use of an RSI that has 50 subtracted from it but 
technically that's not correct since the RSI is supposed to be scaled 
from 0 to 100. If you can live with the error then the indicator would 
be something like this:

A:=RSI(14);
Aa:=A-50;
B:=mov(Aa, 9, Simple);
Aa;B;{end}

Another option is to use a Red Green Histogram format and use the 
histogram anyway. Like this:

{RedGreen Histogram}
X:=Rsi(14);
Green:=If(X>50,X,0);
Red:=If(X<50,X,0);
trigger:=mov(X,9,Simple);
Green; Red; trigger;

The display would be green for values over 50 and red for values 
below. 

Hope this helps,

Preston

 

--- In equismetastock@xxxxxxxxxxxxxxx, HEMANT SINGH ODESI 
<hsodksi@xxx> wrote:
>
> How I can make RSI as histogram with trigger period.
>   please help.
> 
>        
> ---------------------------------




 
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