RSI changing color when over bought or sold

[Juan2001]

I would like have a RSI indicator that would change colors when it is over bought or sold maybe like red in the over sold and green in overbought. I have attached a picture if I did it right of what I would like to see, for me just better to see a color change when over sold and bought areas. It's for NinjaTrader 8. Thanks for any help,

[NinjaTrader_PaulH]

Hello Juan2001,

Thanks for your post and welcome to the NinjaTrader forums.

Yes, this can be done however it requires custom coding to do so. If you would like to take this on we can provide references to the various methods in the help guide to get you started. NinjaTrader is based on C# programming language and we provide many methods and properties to accomplish your ninjascript programming goals
Alternatively, if you prefer it created for you, we can provide links to 3rd party coders.

I've attached an educational example of the RSI that has been modified to show overbought and oversold according to the standard 30/70 lines. Perhaps this will meet your needs, if not you are free to modify as you wish.

RSIoverboughtsold.zip


Here is a basic guideline of how to Import NinjaScripts.

To import NinjaScripts you will need the original .zip file.

To Import

1. Download the NinjaScripts to your desktop, keep them in the compressed .zip file.
2. From the Control Center window select the menu Tools>import>Ninjascript add-on..
3. Select the downloaded .zip file
4. NinjaTrader will then confirm if the import has been successful.

Critical - Specifically for some NinjaScripts, it will prompt that you are running newer versions of @SMA, @EMA, etc. and ask if you want to replace, press 'No'

Once installed, you may add the indicator to a chart by:

• Right click your chart > indicators > Select the Indicator from the list on the left > New > OK

[NTTrader33]

Hello Juan2001,

Thanks for your post and welcome to the NinjaTrader forums.

Yes, this can be done however it requires custom coding to do so. If you would like to take this on we can provide references to the various methods in the help guide to get you started. NinjaTrader is based on C# programming language and we provide many methods and properties to accomplish your ninjascript programming goals
Alternatively, if you prefer it created for you, we can provide links to 3rd party coders.

I've attached an educational example of the RSI that has been modified to show overbought and oversold according to the standard 30/70 lines. Perhaps this will meet your needs, if not you are free to modify as you wish.

[ATTACH]n1043234[/ATTACH]


Here is a basic guideline of how to Import NinjaScripts.

To import NinjaScripts you will need the original .zip file.

To Import

1. Download the NinjaScripts to your desktop, keep them in the compressed .zip file.
2. From the Control Center window select the menu Tools>import>Ninjascript add-on..
3. Select the downloaded .zip file
4. NinjaTrader will then confirm if the import has been successful.

Critical - Specifically for some NinjaScripts, it will prompt that you are running newer versions of @SMA, @EMA, etc. and ask if you want to replace, press 'No'

Once installed, you may add the indicator to a chart by:

• Right click your chart > indicators > Select the Indicator from the list on the left > New > OK

I downloaded and installed this indicator, and was able to get it to work. However, I find that it does not show the current bars value as it is forming, which the regular RSI does. Is there a setting for that?

[NinjaTrader_Jesse]

Hello NTTrader33,

Are you running the script OnEachTick? If you are using OnBarClose the building bar should be excluded.

[NTTrader33]

Hello NTTrader33,

Are you running the script OnEachTick? If you are using OnBarClose the building bar should be excluded.

Thanks, I changed on bar close to on price change.

[BottomShark77]

Hello NTTrader33,

Are you running the script OnEachTick? If you are using OnBarClose the building bar should be excluded.

I just installed this version of RSI and do not see it changing the color of the RSI when overbought or oversold?

[NinjaTrader_ChelseaB]

Hello BottomShark77,

To confirm, you are seeing the indicator plot above 70 or below 30 and the color has not changed?

May I have a screenshot of the chart?