Rule: RSI over 70 for a few days
Author: mrsic
Creation Date: 6/23/2017 5:08 PM
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mrsic

#1
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
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Eugene

#2
Yes, this is the right rule.
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mrsic

#3
Thanks Eugene.
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mrsic

#4
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
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Eugene

#5
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.
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mrsic

#6
Hi Eugene,

@ do you mean more elegant, because the sliders?

@I can not see a HorzLine in both cases.
Could the horzline look like this:
CODE:
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I would very gladly see if, for example the rsi is 3 days above a certain Level. (Mean-Reversion)

greetings damir
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Eugene

#7
Damir,
QUOTE:
@ do you mean more elegant, because the sliders?

No but because no looping takes place in the formula.

QUOTE:
Could the horzline look like this:

Yes. I'd use slider2.ValueInt there but it's cosmetic.

QUOTE:
I would very gladly see if, for example the rsi is 3 days above a certain Level. (Mean-Reversion)

Any issue with that?
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mrsic

#8
Eugene,

QUOTE:
Any issue with that?


In relation to HorzLine but the point is done.

Thanks for your help.

greetings damir