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Direct MessagesDate/Time: Tue, 14 May 2024 07:32:29 +0000
[User Discussion] - Reverse Engineering RSI
View Count: 2348
| [2015-02-21 20:43:49] |
| moonmist - Posts: 127 |
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Hi, I am looking for an indicator called Reverse Engineering RSI: http://www.ninjatrader.com/support/forum/showthread.php?t=68103 Has this indicator been ported to Sierra Chart ? Thanks. |
| [2015-12-30 17:27:52] |
| User380760 - Posts: 88 |
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Hi, Can you possibly implement the reverse engineering RSI soon? ThinkorSwim also have it.
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| [2018-06-29 16:00:50] |
| User80860 - Posts: 5 |
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Is there anyone still reading this forum? I hope so. I would also like to have the Reverse Engineering RSI ported to Sierra Chart, if possible. I find it more valuable than all other Moving Averages I know. It shouldn't take more than 5 minutes to someone who knows what they're doing. Here's the code from Thinkscript: input length = 50; input price = close; input rsiValue = 50.0; input smoothingType = {default Wilders, EMA}; def coeff = rsiValue / (100 - rsiValue); def chg = price - price[1]; def diff; switch (smoothingType) { case Wilders: diff = (length - 1) * (WildersAverage(Max(-chg, 0), length) * coeff - WildersAverage(Max(chg, 0), length)); case EMA: diff = (length - 1) * (ExpAverage(Max(-chg, 0), length) * coeff - ExpAverage(Max(chg, 0), length)) / 2; } def value = price + if diff >= 0 then diff else diff / coeff; plot RevEngRSI = CompoundValue(1, value[1], Double.NaN); RevEngRSI.SetDefaultColor(GetColor(8)); Thanks! Date Time Of Last Edit: 2018-06-29 16:01:48
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| [2018-06-29 16:18:50] |
| User80860 - Posts: 5 |
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Never mind, I found out that RevEngRSI and Wilder's moving average are (almost) exactly the same.
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