Oscillator RSI
The Oscillator RSI in AFL combines elements of the Relative Strength Index (RSI) within an oscillating indicator. With an [AmiBroker data feeder] providing accurate and timely data, this oscillator RSI can offer insights into potential trend reversals or confirm the strength of ongoing trends based on RSI principles.
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_SECTION_BEGIN("diff rsi");
diff = EMA(RSI(9),21)-EMA(RSI(9),39);
bbtop = BBandTop(diff,5,0.5);
bbbot = BBandBot(diff,5,0.5);
Plot(diff,"d",IIf(diff > bbtop,colorBrightGreen,IIf(diff < bbbot,colorRed,colorYellow)),styleDots);
//Plot(Ref(diff,-1),"",colorBlue,styleDashed);
Plot(0,"",colorDarkGrey,styleNoLabel);
Hi = IIf(diff < bbbot,bbbot,IIf(diff > bbtop,diff,bbtop));
Lo = IIf(diff > bbtop, bbtop, IIf(diff < bbbot,diff,bbbot));
Plot(EMA(diff,2),"",IIf(diff > EMA(diff,2), colorBlue,colorDarkBlue), styleDashed+styleThick+styleNoLabel);
Plot(EMA(diff,3),"",IIf(diff > EMA(diff,3), colorBlue,colorDarkBlue),styleDashed+styleThick+styleNoLabel);
Plot(EMA(diff,4),"",IIf(diff > EMA(diff,4), colorBlue,colorDarkBlue),styleDashed+styleThick+styleNoLabel);
Plot(EMA(diff,5),"",IIf(diff > EMA(diff,5), colorBlue,colorDarkBlue),styleDashed+styleThick+styleNoLabel);
Plot(EMA(diff,6),"",IIf(diff > EMA(diff,6), colorBlue,colorDarkBlue),styleDashed+styleThick+styleNoLabel);
Plot(EMA(diff,7),"",IIf(diff > EMA(diff,7), colorBlue,colorDarkBlue),styleDashed+styleThick+styleNoLabel);
Plot(EMA(diff,8),"",IIf(diff > EMA(diff,8), colorBlue,colorDarkBlue),styleDashed+styleThick+styleNoLabel);
//Plot(bbtop,"",colorWhite,styleDashed+styleNoLabel);
//Plot(bbbot,"",colorWhite,styleDashed+styleNoLabel);
//PlotOHLC(diff,Hi,Lo,diff,"",IIf(diff > bbtop,colorGreen,IIf(diff < bbbot,colorRed,colorYellow)),styleCloud);
Title =
EncodeColor(colorWhite)+
"Price ::::::::::::::::: Oscillator :::::: Trade "+"\n"+
EncodeColor(colorRed)+
"Higher High ::::: Lower High ::: SELL" +"\n"+
EncodeColor(colorBrightGreen)+
"Lower Low ::::::: Higher High :: BUY" +"\n"+
EncodeColor(colorRed)+
"Lower High :::::: Lower High ::: SELL" +"\n"+
EncodeColor(colorBrightGreen)+
"Lower Low ::::::: Higher Low ::: Buy"
;
_SECTION_END();