Fibo RSI Real Indicator
Fibo RSI Real Indicator might integrate Fibonacci principles with the Relative Strength Index (RSI) within Amibroker. This tool likely combines Fibonacci retracement or extension levels with RSI calculations to offer traders insights into both price retracements and momentum. Its reliance on the Amibroker data feed ensures accurate analysis, enhancing the effectiveness of this combined indicator.
/_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();