RSI with colored extremes

[jtrade]

Hi,

Would some kind & knowledgeable person please be willing to add the required code to the RSI indicator so that OB and OS levels color the RSI line as in TradeStation ?

TS chart image duly attached.

[NinjaTrader_Bertrand]

Moin jtrade, while I'm not aware of an exact port for your version, you could probably 'borrow' the coloring from the Bline indicator in our sharing section of this forum - http://www.ninjatrader-support2.com/...I+color&desc=1

[jtrade]

Moin jtrade, while I'm not aware of an exact port for your version, you could probably 'borrow' the coloring from the Bline indicator in our sharing section of this forum - http://www.ninjatrader-support2.com/...I+color&desc=1

'Morning to you, Bertrand.

It would take me hours to fiddle around getting it to work, whilst you could do it in <5 mins with a cappuccino at your side.... I'll even buy you the cappuccino next time I'm in Hamburg.... honest

(Ahem, it really should already be standard, of course, like in every other charting package ....)

[jtrade]

Here's the TS8 code...

... in case anyone is willing to do this.

#inputs:
Price( Close ),
Length( 14 ),
OverSold( 30 ),
OverBought( 70 ),
OverSColor( Cyan ),
OverBColor( Red ) ;

variables: MyRSI( 0 ) ;

MyRSI = RSI( Price, Length ) ;

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

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

{ Alert criteria }
if MyRSI crosses over OverSold then
Alert( "Indicator exiting oversold zone" )
else if MyRSI crosses under OverBought then
Alert( "Indicator exiting overbought zone" ) ;#

Btw, I am fully aware that the politically correct stance is "Learn to code yourself" or "Pay a Ninjascript consultant", but with all due respet to Ninja (a) this is a standard feature even on free internet charting programs, let alone the TradeStations of this world & (b) the product's primary purpose is presumably for trading, not learning to program.

I'll get off my soapbox now... I guess I've probably put paid to any hope of getting any free code..... (not a bad pun actually..)

[NinjaTrader_Bertrand]

jtrade, your request has been noted and I can understand where you're argumenting from - we generally don't offer custom coding, however I'll ask one of our NinjaScript trainees to look into a little bit later US time.

[jtrade]

jtrade, your request has been noted and I can understand where you're argumenting from - we generally don't offer custom coding, however I'll ask one of our NinjaScript trainees to look into a little bit later US time.

Thank-you, Bertrand.

[NinjaTrader_Tim]

Hi jtrade,

At the request of Bertrand, as a training project, I have created the indicator I believe you are seeking.

To create an alert on the indicator, you can use the Market Analyzer...

http://www.ninjatrader-support.com/HelpGuideV6/helpguide.html?CreatingAlertConditions

To import - http://www.ninjatrader-support.com/H...e.html?Import1

[jtrade]

Excellent implementation, Tim : thank-you so much !

J.

[jtrade]

Trendline issue

Tim or colleague : I use this indicator as shown, ie. with the OS / OB lines both set to 50 to color the RSI above below the 50 line. However, I have an issue with trendlines not plotting below the 50 line (see image1). If I highlight the RSI, the TL can be seen (image2).

Is this a code issue, please ?

J.

NT7.0.1000.5 (same issue in 6.5)

[NinjaTrader_Bertrand]

jtrade, that looks more to be an issue with the selected ZOrder for the trendline, would it drawing on top, so have ZOrder 1?

[jtrade]

jtrade, that looks more to be an issue with the selected ZOrder for the trendline, would it drawing on top, so have ZOrder 1?

Hi, Bertrand,

I don't really understand this ZOrder business, but if I draw a TL on the RSI, which duly disappears below the 50 line, then change the ZOrder it appears. However, the next TL I draw is also invisible below 50, so I have to do this everytime I draw a trendline. I draw many TLs on the RSI.

The regular RSI & other indicators do not have this issue, so that's why I thought it must be a coding issue (coded by Tim, posted above) ?