High price during RSI oscillation

December 1st, 2021, 02:07 PM

Hello

Using RSI oscillator. What would be the code to compare the price high while the oscillator is above 60 to the high price the next time the oscillator is above 60? The only caveat is I only want to compare the prices if during that period the the RSI oscillator travels below 30.

So if RSI is above 60....then drops below 60 but never gets below 30..I don't need to perform the price comparison. Hope that makes sense. Thank you for any help

December 5th, 2021, 02:21 PM

Hum, I have no clue as to what you want to do here: could you provide a sample chart with the areas you want to compare? Are you looking for divergence of the price and oscillator?

December 5th, 2021, 05:19 PM

hi

Code

inputs:
RSIPeriod(10),
HighRSI(60),
LowRSI(30);
vars:
RSIValue,status(0),Previouslow(0),previoushigh(99999),
lowerPrice(false),higherPrice(false);

RSIValue = RSI(C, RSIPeriod);
condition1 = status = 0 and RSIValue crosses below LowRSI;
condition2 = status = 1 and RSIValue crosses above HighRSI;

if condition1 then begin
if L < Previouslow then lowerPrice = true else lowerPrice = false;
previouslow = L;
status = 1;
end;

if condition2 then begin
if H > Previoushigh then higherPrice = true else higherPrice = false;
previoushigh = H;
status = 0;
end;

with this code you should achieve on both sides what you wanted
for the long side only, so you can act according to the lowerPrice/higherPrice

High price during RSI oscillation

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High price during RSI oscillation