Fibo RSI Real indicator
Fibo RSI Real in Amibroker AFL merges Fibonacci levels with RSI (Relative Strength Index) analysis. Using Amibroker data feed, this indicator calculates RSI values relative to Fibonacci retracement levels. Traders depend on it to confirm RSI signals within Fibonacci-defined areas for more precise trading strategies.
/_SECTION_BEGIN("fibonaci rsi");
barvisible = Status("barvisible");
r = RSI( 14 );
maxr = LastValue( Highest( IIf( barvisible, r, 0 ) ) );
minr = LastValue( Lowest( IIf( barvisible, r, 100 ) ) );
ranr = maxr - minr;
//Plot(C,"",colorGreen,styleBar);
Plot( r, "RSI(14)", colorRed );
Plot( maxr , "0%", colorGrey50 );
Plot( maxr - 0.236 * ranr, "-23.6%", colorPaleGreen );
Plot( maxr - 0.382 * ranr, "-38.2%", colorPaleBlue );
Plot( maxr - 0.50 * ranr, "-50.0%", colorOrange );
Plot( maxr - 0.618 * ranr, "-61.8%", colorPaleBlue );
Plot( minr , "-100%", colorGrey50 );
GraphXSpace = 3;
_SECTION_END();