Hello, I have a fast RSI indicator on a daily chart. The close price of the last bar (today’s bar) moves the indicator during the day’s price action.
I would like to plot today’s indicator movement that is based on the RSI calculation of a daily chart on an intraday chart.
Here is my unsuccessful try at this.
The code is supposed to take the close of each bar on a 1-minute chart and use it as an input to the script MyRSI. The script then replaces the last value of the daily close data series and calculates the RSI. The script then returns the calculated RSI value and adds it to the 1-minute data series.
Any ideas? Thanks.
I would like to plot today’s indicator movement that is based on the RSI calculation of a daily chart on an intraday chart.
Here is my unsuccessful try at this.
Code:
script MyRSI {
input priceMinute = close;
def priceDaily = close(period = AggregationPeriod.DAY);
def bn = BarNumber();
def currentBar = HighestAll ( if !IsNaN(priceDaily) then bn else Double.NaN );
def priceDailyAndMinute = if barnumber() == currentBar then priceMinute else priceDaily;
def NetChgAvg = MovingAverage(AverageType.WILDERS, priceDailyAndMinute - priceDailyAndMinute[1], 3);
def TotChgAvg = MovingAverage(AverageType.WILDERS, AbsValue(priceDailyAndMinute - priceDailyAndMinute[1]), 3);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def RSI = 50 * (ChgRatio + 1);
plot MyRSI = RSI;
}
plot priceTP = MyRSI(close);The code is supposed to take the close of each bar on a 1-minute chart and use it as an input to the script MyRSI. The script then replaces the last value of the daily close data series and calculates the RSI. The script then returns the calculated RSI value and adds it to the 1-minute data series.
Any ideas? Thanks.
