Rule: RSI over 70 for a few days

Author: mrsic

Creation Date: 6/23/2017 5:08 PM

Wealth Lab » WealthScript (.NET) » Rule: RSI over 70 for a few days

mrsic

6/23/2017 5:08 PM

I am looking for a rule in the Rule Wizard but i can't find it. Can someone help me please.
Rule searching: Bars a few days over (RSI) Level 70.
I am not sure but is this Rule right? "Indicator is above a value for n consecutive bars"
I do not know if the Value stays for a level.
Sorry for my bad english and i am not a programmer but i give my best.

greetings damir

Eugene

6/23/2017 5:27 PM

Yes, this is the right rule.

mrsic

6/23/2017 6:05 PM

Thanks Eugene.

mrsic

6/27/2017 10:56 AM

Hi,

I am not a programmer but i give my best. Can someone explain me, why at DataSeries diff = slider2.ValueInt - RSI.Series(Close,slider1.ValueInt); slider2 minus slider 1 takes place here. I'm sorry but i can't follow the DataSeries part.

CODE:
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greetings damir

Size:

Color:

Hi,

I am not a programmer but i give my best. Can someone explain me, why at DataSeries diff = slider2.ValueInt - RSI.Series(Close,slider1.ValueInt); slider2 minus slider 1 takes place here. I'm sorry but i can't follow the DataSeries part.

[code]slider1 = CreateParameter("Period",20,2,200,20);
			
			slider2 = CreateParameter("LV",50,1,100,10);
			
			slider3 = CreateParameter("NoB",2,2,20,2);
			
			slider4 = CreateParameter("ATR Period",10,2,200,20);
			
			slider5 = CreateParameter("ATR Multiplier",10,0,10,1);
			
			slider6 = CreateParameter("TBX_LG",1,1,252,20);
		}

protected override void Execute()
		{
			DataSeries diff = slider2.ValueInt - RSI.Series(Close,slider1.ValueInt);
			diff /= DataSeries.Abs(diff);
			diff = Sum.Series(diff, slider3.ValueInt);

ChartPane pane1 = CreatePane(75,true,true);
			PlotSeries(pane1,RSI.Series(Close,slider1.ValueInt),Color.Navy,LineStyle.Solid,2);
			PlotSeries(PricePane, (Close + ATR.Series(Bars, slider4.ValueInt) * slider5.Value) >> 1, Color.Green, LineStyle.Solid, 1);

for(int bar = GetTradingLoopStartBar(21); bar < Bars.Count; bar++)
			{
				if (IsLastPositionActive)
				{
					Position p = LastPosition;
					if (p.EntrySignal.Contains("Group2|"))
					{
						      if (LastActivePosition != null && LastActivePosition.Active)
						      if (bar - LastActivePosition.EntryBar >= slider6.ValueInt)
						{
							SellAtMarket(bar + 1, p, "Group2");
						}
					}
					if (p.EntrySignal.Contains("Group1|"))
					{
						SellAtLimit(bar + 1, p, Close[bar] + ATR.Value(bar, Bars, slider4.ValueInt) * slider5.Value, "Group1");
					}

}
				else
				{
					if (diff[bar] > slider3.ValueInt - 0.1)
					{
						BuyAtMarket(bar + 1, "Group1|Group2|");
					}

}
			}
		}
	}
[/code]

greetings damir

Eugene

6/27/2017 11:06 AM

QUOTE:
slider2 minus slider 1 takes place here.

"There is more than one way to skin a cat". It's a creative way of getting this condition coded. Could be a simple counter like we have in SeriesIsAboveValue but whomever coded it, he did it in a more elegant manner.