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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============
inputs:
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."] ;
{ 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
Begin
RSI2Dir = 1;
Plot4 (RSI2Dir , "RSI2Dir");
setPlotBGColor (4, green);
end
else if ( Close < MA200) and (Close > MA5) and (RSIValue >= OverBought)then
Begin
RSI2Dir = -1;
Plot4(RSI2Dir , "RSI2Dir");
setPlotBGColor (4, red);
end;
{Else
Begin
RSI2DirH = -3;
Plot5 (RSI2DirH , "RSI2DirH");
setPlotBGColor (5, black);
end;}
{ alert criteria }
if AlertEnabled then
begin
if ( Price > MA200) and (Price < MA5) and (RSIValue crosses over OverSold) then
Begin
Alert( !( "BUY" ) );
RSI2Cross = 1;
Plot5 (RSI2Cross , "RSI2Cross");
setPlotBGColor (5, green);
end
else if ( Price < MA200) and (Price > MA5) and (RSIValue crosses under OverBought) then
Begin
Alert( !( "SELL" ) ) ;
RSI2Cross = -1;
Plot5 (RSI2Cross , "RSI2Cross");
setPlotBGColor (5, red);
end;
end ;
//----------EasyLanguage program End- ConnorsRSI2============
