Chaloke Dynamic RSI
The Chaloke Dynamic RSI is a variation of the Relative Strength Index (RSI) created by Chaloke. Traders looking to employ this dynamic indicator depend on Amibroker Data to compute real-time RSI values and assess market momentum. Amibroker Data Feeder provides up-to-the-minute data feeds, allowing traders to adapt their strategies in response to changing market conditions influenced by the Chaloke Dynamic RSI.
_SECTION_BEGIN("Chaloke Dynamic RSI");
///// Chaloke Dynamic RSI ////
prd=14; sm1=21; sm2=5; sm3=5;
x=50-(MA(RSI(prd),sm1)-RSI(prd));
y=MA(x,sm2);
z=MA(y,sm3);
Plot(Y,"Chaloke Dynamic RSI",4,4);
Plot(Z,"Signal",colorBlue,1);
PlotGrid(40);
PlotGrid(60);
_SECTION_END();