Need to change the RSI indicator that NT8 uses.

[Maoz1155]

In ThinkOrSwim the RSI is much different than Ninja traders RSI.
Anyone knows where I can get an RSI indicator that is similar to TOS?
Below is the code for TOS RSI:

input length = 14;
input over_Bought = 70;
input over_Sold = 30;
input price = close;
input averageType = AverageType.WILDERS;
input showBreakoutSignals = no;

def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

plot RSI = 50 * (ChgRatio + 1);
plot OverSold = over_Sold;
plot OverBought = over_Bought;

[NinjaTrader_BrandonH]

Hello Moaz1155,

Thanks for your post.

I am not aware of any existing indicators for NinjaTrader 8 that operate like the ThinkOrSwim indicator you shared.

You could consider checking out the NinjaTrader Ecosystem User App Share for an indicator that works similarly.

User App Share: https://ninjatraderecosystem.com/user-app-share/

This thread will also be open for other community members to share their insights.

Let me know if I may assist further.

The NinjaTrader Ecosystem website is for educational and informational purposes only and should not be considered a solicitation to buy or sell a futures contract or make any other type of investment decision. The add-ons listed on this website are not to be considered a recommendation and it is the reader's responsibility to evaluate any product, service, or company. NinjaTrader Ecosystem LLC is not responsible for the accuracy or content of any product, service or company linked to on this website.