Chaloke RSI
Chaloke RSI is an Amibroker AFL that incorporates the Relative Strength Index (RSI) to identify overbought and oversold conditions in the market. Traders rely on this AFL to make informed trading decisions based on RSI signals. Amibroker Data Feeder ensures that traders have access to up-to-date market data, enabling them to utilize the Chaloke RSI AFL effectively.
_SECTION_BEGIN("Chaloke RSI");
/// Chaloke RSI ///
X= Param("RSI",14,1,50,1);
R=RSI(X);
Plot(R,"",colorGrey40);
Y= Param("Smooth 1",7,1,9,1);
Y1= EMA(R,Y);
Y2= EMA(Y1,Y);
Diff= Y1 - Y2;
Y3= Y1 + Diff;
Plot(Y3,"Chaloke RSI",colorRed,4);
Z= Param("Smooth 2",9,1,25,1);
Z1= EMA(Y3,Z);
Z2= EMA(Z1,Z);
Diff= Z1 - Z2;
Z3= Z1 + Diff;
Plot(Z3,"signal",colorYellow);
_SECTION_END();