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Connors RSI2 EasyLanugage..want to collabort on this, please reply
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Connors RSI2 EasyLanugage..want to collabort on this, please reply

  #1 (permalink)
Trading Apprentice
Boston, MA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: Emini ES
Posts: 1 since Apr 2017
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Connors RSI2 EasyLanugage..want to collabort on this, please reply

Connors RSI2 EasyLanugage - I am developing a workspace, ShowMe indicator, paintbar and a startegy if anyone is interested to collaborate on this?
Here is the Connors RSI2 for tradestation:

//----------EasyLanguage program start - ConnorsRSI2============
Price( Close ) [DisplayName = "Price", ToolTip =
"Enter an EasyLanguage expression to use in the RSI calculations."],
Length( 2 ) [DisplayName = "Length", ToolTip =
"Enter the number of bars used in the RSI calculation."],
OverSold( 5 ) [DisplayName = "OverSold", ToolTip =
"Enter the level of the indicator at which you consider the market to be oversold (too low)."],
OverBought( 95 ) [DisplayName = "OverBought", ToolTip =
"Enter the level of the indicator at which you consider the market to be overbought (too high)."],
OverSColor( Cyan ) [DisplayName = "OverSColor", ToolTip =
"Oversold Color. Enter the color to use when the indicator's value is below OverSold."],
OverBColor( Red ) [DisplayName = "OverBColor", ToolTip =
"Overbought Color. Enter the color to use when the indicator's value is above OverBought."] ;

variables: RSIValue( 0 ), MA200(0), MA5(0), RSI2Dir (0), RSI2Cross(0) ;

RSIValue = RSI( Price, Length ) ;
MA200 = Average(Close, 200);
MA5 = Average(Close, 5);

Plot1( RSIValue, !( "RSI" ) ) ;
Plot2( OverBought, !( "OverBot" ) ) ;
Plot3( OverSold, !( "OverSld" ) ) ;

{ color criteria }
if RSIValue > OverBought then
SetPlotColor( 1, OverBColor )
else if RSIValue < OverSold then
SetPlotColor( 1, OverSColor ) ;

if ( Close > MA200) and (Close < MA5) and (RSIValue<= OverSold) then
RSI2Dir = 1;
Plot4 (RSI2Dir , "RSI2Dir");
setPlotBGColor (4, green);
else if ( Close < MA200) and (Close > MA5) and (RSIValue >= OverBought)then
RSI2Dir = -1;
Plot4(RSI2Dir , "RSI2Dir");
setPlotBGColor (4, red);
RSI2DirH = -3;
Plot5 (RSI2DirH , "RSI2DirH");
setPlotBGColor (5, black);

{ alert criteria }
if AlertEnabled then
if ( Price > MA200) and (Price < MA5) and (RSIValue crosses over OverSold) then
Alert( !( "BUY" ) );
RSI2Cross = 1;
Plot5 (RSI2Cross , "RSI2Cross");
setPlotBGColor (5, green);
else if ( Price < MA200) and (Price > MA5) and (RSIValue crosses under OverBought) then
Alert( !( "SELL" ) ) ;
RSI2Cross = -1;
Plot5 (RSI2Cross , "RSI2Cross");
setPlotBGColor (5, red);
end ;

//----------EasyLanguage program End- ConnorsRSI2============

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