Indicator Rsi Cross 1 CAS 2
This Amibroker AFL, labeled as Indicator RSI Cross 1 CAS 2, seems to focus on RSI crossovers. RSI crossovers often indicate potential changes in price momentum. Utilizing an Amibroker data feed, this AFL likely computes RSI values and detects instances where RSI lines cross specific thresholds, triggering buy or sell signals. Traders might utilize these signals for potential entry or exit points in the market.
//*MODIFIED BY =CASONI 07012007*/
_SECTION_BEGIN("rsi cross");
r = RSI(9);
e = EMA(RSI(9),9);
Plot(r,"RSI(9)",colorRed,styleThick);
Plot(e,"emaRSI(9)", colorGreen,1);
Plot(70,"70",colorGrey40,1);
Plot(30,"30",colorGrey40,1);
Buy=Cover = Cross(r,e);// AND EMA(V,20) >=40000;
Sell=Short = Cross(e,r);
PlotShapes(IIf(Ref(R,-1)<35 AND R>35,shapeUpArrow,shapeNone),
IIf(Ref(R,-1)<35 AND R>35,colorRed,shapeNone),0,30,-15);
PlotShapes(IIf(Ref(R,-1)>68 AND R<68,shapeDownArrow,shapeNone),
IIf(Ref(R,-1)>68 AND R<68,colorBlack,shapeNone),0,70,-15);
Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);
Short=ExRem(Short,Cover);
Cover=ExRem(Cover,Short);
Filter =EMA (V, 20) >=50000;
Filter = Buy OR Sell OR Short OR Cover;
AddTextColumn(FullName(),"Name");
AddColumn(Close,"Close",1.2);
AddColumn(Volume,"Volume",1.0);
AddColumn( RSI(), "RSI", 1.2 );
AddColumn( Buy, "BUY", 1.2 );
AddColumn( Sell, "SELL", 1.2 );