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IFT of RSI-Multiple TimeFrames

Multiple TimeFrames: Integrating the Amibroker data feed to interpret the IFT of RSI across multiple timeframes provides comprehensive insights into market momentum. An Amibroker AFL tailored to this indicator assists traders in analyzing RSI variations, aiding in identifying potential overbought or oversold conditions across different timeframes.

 

//* IFT-RSI */
TimeFrameSet(in5Minute);
pr_5m = (H+L)/2; 
len_5m = 10; 
maxh_5m = HHV(pr_5m,len_5m); 
minl_5m = LLV(pr_5m,len_5m); 
Array1_5m = .33*2*((pr_5m-minl_5m)/(maxh_5m-minl_5m)-.5); 
val1_5m = AMA(Array1_5m,.67); 
value1_5m = IIf(val1_5m>.99,.999,IIf(val1_5m<-.99,-.999,val1_5m)); 
Array2_5m = .5*log((1+value1_5m)/(1-value1_5m)); 
fish_5m = AMA(Array2_5m,.5); 

/* IFT-RSI */
TimeFrameSet(inHourly);
pr_h = (H+L)/2; 
len_h = 10; 
maxh_h = HHV(pr_h,len_h); 
minl_h = LLV(pr_h,len_h); 
Array1_h = .33*2*((pr_h-minl_h)/(maxh_h-minl_h)-.5); 
val1_h = AMA(Array1_h,.67); 
value1_h = IIf(val1_h>.99,.999,IIf(val1_h<-.99,-.999,val1_h)); 
Array2_h = .5*log((1+value1_h)/(1-value1_h)); 
fish_h = AMA(Array2_h,.5); 

/* IFT-RSI */
TimeFrameSet(inDaily);
pr_d = (H+L)/2; 
len_d = 10; 
maxh_d = HHV(pr_d,len_d); 
minl_d = LLV(pr_d,len_d); 
Array1_d = .33*2*((pr_d-minl_d)/(maxh_d-minl_d)-.5); 
val1_d = AMA(Array1_d,.67); 
value1_d = IIf(val1_d>.99,.999,IIf(val1_d<-.99,-.999,val1_d)); 
Array2_d = .5*log((1+value1_d)/(1-value1_d)); 
fish_d = AMA(Array2_d,.5); 

/* IFT-RSI */
TimeFrameSet(inWeekly);
pr_w = (H+L)/2; 
len_w = 10; 
maxh_w = HHV(pr_w,len_w); 
minl_w = LLV(pr_w,len_w); 
Array1_w = .33*2*((pr_w-minl_w)/(maxh_w-minl_w)-.5); 
val1_w = AMA(Array1_w,.67); 
value1_w = IIf(val1_w>.99,.999,IIf(val1_w<-.99,-.999,val1_w)); 
Array2_w = .5*log((1+value1_w)/(1-value1_w)); 
fish_w = AMA(Array2_w,.5);

/* IFT-RSI */
TimeFrameSet(inMonthly);
pr_mo = (H+L)/2; 
len_mo = 10; 
maxh_mo = HHV(pr_mo,len_mo); 
minl_mo = LLV(pr_mo,len_mo); 
Array1_mo = .33*2*((pr_mo-minl_mo)/(maxh_mo-minl_mo)-.5); 
val1_mo = AMA(Array1_mo,.67); 
value1_mo = IIf(val1_mo>.99,.999,IIf(val1_mo<-.99,-.999,val1_mo)); 
Array2_mo = .5*log((1+value1_mo)/(1-value1_mo)); 
fish_mo = AMA(Array2_mo,.5); 

TimeFrameRestore();

varOverboughtSignal = 0.20;
varOversoldSignal = -0.20;
PlotGrid(varOverboughtSignal);
PlotGrid(varOversoldSignal);

/// DURATION ANALYSIS for Hourly ///
// Identify oversold conditions, marked with red arrow to denote downtrend
varOversold_h = IIf( Ref(fish_h,-7)<=varOversoldSignal 
AND Ref(fish_h,-6)<=varOversoldSignal 
AND Ref(fish_h,-5)<=varOversoldSignal 
AND Ref(fish_h,-4)<=varOversoldSignal 
AND Ref(fish_h,-3)<=varOversoldSignal 
AND Ref(fish_h,-2)<=varOversoldSignal 
AND Ref(fish_h,-1)<=varOversoldSignal 
AND fish_h<=varOversoldSignal ,1,0);
IIf(VarOversold_h>0,PlotShapes(shapeHollowDownArrow*varOversold_h,colorRed),0);

// Identify overbought conditions, marked with green arrow to denote uptrend
varOverbought_h = IIf( Ref(fish_h,-7)>=varOverboughtSignal 
AND Ref(fish_h,-6)>=varOverboughtSignal 
AND Ref(fish_h,-5)>=varOverboughtSignal
AND Ref(fish_h,-4)>=varOverboughtSignal 
AND Ref(fish_h,-3)>=varOverboughtSignal 
AND Ref(fish_h,-2)>=varOverboughtSignal 
AND Ref(fish_h,-1)>=varOverboughtSignal 
AND fish_h>=varOverboughtSignal ,1,0);
IIf(varOverbought_h>0,PlotShapes(shapeHollowUpArrow*varOverbought_h,colorGreen),0);

Plot(TimeFrameExpand(fish_5m, in5Minute), "IFT_5m", colorWhite, styleThick);

Plot(TimeFrameExpand(fish_h, inHourly), "IFT_h", colorOrange, styleThick);

Plot(TimeFrameExpand(fish_d, inDaily), "IFT_d", colorRed, styleThick);

Plot(TimeFrameExpand(fish_w, inWeekly), "IFT_w", colorBlue, styleThick);

Plot(TimeFrameExpand(fish_mo, inMonthly), "IFT_m", colorBlack, styleThick);

Title="IFT-RSI TimeFrame";


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