RSI Algo For ThinkOrSwim

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Handsome_Rob said:
If anyone could help me with this I'd appreciate it.
https://www.tradingview.com/script/jz39ymWe-RSI-Algo-with-alert/

I was able to get much of the behavior, but the buy and sell toggles arent working properly for me.

Thank you!

Code: 
study("RSI Algo", overlay=true)
myPeriod = input(defval=14, type=integer, title="Period")
myThresholdUp = input(defval=70, type=float, title="Upper Threshold")
myThresholdDn = input(defval=30, type=float, title="Lower Threshold")
myAlgoFlipToggle = input(defval=false, type=bool, title="Imverse Algorthim")
myLineToggle = input(defval=true, type=bool, title="Show Lines")
myLabelToggle = input(defval=true, type=bool, title="Show Labels")
myRSI=rsi(close, myPeriod)
buy = myAlgoFlipToggle ? falling(myRSI,1) and cross(myRSI, myThresholdDn) : rising(myRSI, 1) and cross(myRSI,myThresholdUp)
sell = myAlgoFlipToggle ? rising(myRSI, 1) and cross(myRSI,myThresholdUp) : falling(myRSI,1) and cross(myRSI, myThresholdDn)
myPosition = buy==1 ? 0 : sell==1 or myPosition[1]==1 ? 1 : 0
trendColor = buy ? red : sell ? green : na
plot(myLineToggle ? buy and myPosition[1]==1 ? low - 0.004: sell and myPosition[1]==0 ? high + 0.004 : na : na, color=trendColor, style=line, linewidth=4, editable=false)
plotshape(myLabelToggle ? buy and myPosition[1]==1 ? low - 0.005 : na : na, style=shape.labelup, location=location.absolute, text="Buy", transp=0, textcolor = white, color=black, editable=false)
plotshape(myLabelToggle ? sell and myPosition[1]==0 ? high + 0.005 : na : na, style=shape.labeldown, location=location.absolute, text="Sell", transp=0, textcolor = white, color=black, editable=false)
alertcondition(buy, title='Buy Trend', message='Buy')
alertcondition(sell, title='Sell Trend', message='Sell')
alertcondition(myPosition, title='Trend Change', message='Trend Change')
Click to expand...
check the below

CSS: 
# @legalMeerkat56102
#study("RSI Algo", overlay=true)
# Converted by Sam4Cok@Samer800 - 01/2023
input alerts   = yes;
input sound    = {default "NoSound", "Ding", "Bell", "Chimes", "Ring"};
input rsiPeriod   = 14;        # "Period"
input ThresholdUp = 70;        # "Upper Threshold"
input ThresholdDn = 30;        # "Lower Threshold"
input myAlgoFlipToggle = no;     # "Imverse Algorthim"
input myLineToggle  = yes;       # "Show Lines"
input myLabelToggle = yes;       # "Show Labels"

def na = Double.NaN;
def srcDiff = close - close[1];

def NetChgAvg = MovingAverage(AverageType.WILDERS, srcDiff, rsiPeriod);
def TotChgAvg = MovingAverage(AverageType.WILDERS, AbsValue(srcDiff), rsiPeriod);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def nRSI = 50 * (ChgRatio + 1);
def myRSI = nRSI;

def crossUp = (myRSI crosses ThresholdUp);
def crossDn = (myRSI crosses ThresholdDn);
def buy =  if  myAlgoFlipToggle then (myRSI < myRSI[1]) and crossDn else
           if !myAlgoFlipToggle then (myRSI > myRSI[1]) and crossUp else buy[1];
def sell = if  myAlgoFlipToggle then (myRSI > myRSI[1]) and crossUp else
           if !myAlgoFlipToggle then (myRSI < myRSI[1]) and crossDn else sell[1];
def myPosition = if buy == 1 then 0 else if sell == 1 or myPosition[1] == 1 then 1 else 0;
def trendColor = if buy then 1 else if sell then -1 else trendColor[1];
def rsiAlgo = if buy  and myPosition[1] == 1 then low  - 0.004 else
              if sell and myPosition[1] == 0 then high + 0.004 else na;
plot RSIAlgoLine = if myLineToggle then rsiAlgo else na;
RSIAlgoLine.SetLineWeight(2);
RSIAlgoLine.EnableApproximation();
RSIAlgoLine.AssignValueColor(if trendColor[1] > 0 then Color.UPTICK else if trendColor[1] < 0 then Color.DOWNTICK else Color.GRAY);

#--- Bubbles
AddChartBubble(myLabelToggle and buy and myPosition[1] == 1, low - 0.005, "Buy", Color.GREEN, no);
AddChartBubble(myLabelToggle and sell and myPosition[1] == 0, high + 0.005, "Sell", Color.RED, yes);

#---- Alerts
Alert(alerts and buy, "Buy Trend", Alert.BAR, sound);
Alert(alerts and sell, "Sell Trend", Alert.BAR, sound);
Alert(alerts and myPosition, "Trend Change", Alert.BAR, sound);

#--- END CODE
 
samer800 said:
check the below

CSS: 
# @legalMeerkat56102
#study("RSI Algo", overlay=true)
# Converted by Sam4Cok@Samer800 - 01/2023
input alerts   = yes;
input sound    = {default "NoSound", "Ding", "Bell", "Chimes", "Ring"};
input rsiPeriod   = 14;        # "Period"
input ThresholdUp = 70;        # "Upper Threshold"
input ThresholdDn = 30;        # "Lower Threshold"
input myAlgoFlipToggle = no;     # "Imverse Algorthim"
input myLineToggle  = yes;       # "Show Lines"
input myLabelToggle = yes;       # "Show Labels"

def na = Double.NaN;
def srcDiff = close - close[1];

def NetChgAvg = MovingAverage(AverageType.WILDERS, srcDiff, rsiPeriod);
def TotChgAvg = MovingAverage(AverageType.WILDERS, AbsValue(srcDiff), rsiPeriod);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def nRSI = 50 * (ChgRatio + 1);
def myRSI = nRSI;

def crossUp = (myRSI crosses ThresholdUp);
def crossDn = (myRSI crosses ThresholdDn);
def buy =  if  myAlgoFlipToggle then (myRSI < myRSI[1]) and crossDn else
           if !myAlgoFlipToggle then (myRSI > myRSI[1]) and crossUp else buy[1];
def sell = if  myAlgoFlipToggle then (myRSI > myRSI[1]) and crossUp else
           if !myAlgoFlipToggle then (myRSI < myRSI[1]) and crossDn else sell[1];
def myPosition = if buy == 1 then 0 else if sell == 1 or myPosition[1] == 1 then 1 else 0;
def trendColor = if buy then 1 else if sell then -1 else trendColor[1];
def rsiAlgo = if buy  and myPosition[1] == 1 then low  - 0.004 else
              if sell and myPosition[1] == 0 then high + 0.004 else na;
plot RSIAlgoLine = if myLineToggle then rsiAlgo else na;
RSIAlgoLine.SetLineWeight(2);
RSIAlgoLine.EnableApproximation();
RSIAlgoLine.AssignValueColor(if trendColor[1] > 0 then Color.UPTICK else if trendColor[1] < 0 then Color.DOWNTICK else Color.GRAY);

#--- Bubbles
AddChartBubble(myLabelToggle and buy and myPosition[1] == 1, low - 0.005, "Buy", Color.GREEN, no);
AddChartBubble(myLabelToggle and sell and myPosition[1] == 0, high + 0.005, "Sell", Color.RED, yes);

#---- Alerts
Alert(alerts and buy, "Buy Trend", Alert.BAR, sound);
Alert(alerts and sell, "Sell Trend", Alert.BAR, sound);
Alert(alerts and myPosition, "Trend Change", Alert.BAR, sound);

#--- END CODE
Click to expand...
Curious if this is a repainting indicator?
I could be off base here but it reminded me of a zig zag style indicator when I loaded it up. I'll chk it out on Tuesday and see how it reacts.
 
Last edited by a moderator:
Splinter said:
Curious if this is a repainting indicator?
I could be off base here but it reminded me of a zig zag style indicator when I loaded it up. I'll chk it out on Tuesday and see how it reacts.
Click to expand...
There is nothing in this code that presents as an obvious repainter.
Please update us with your findings. Thanks (y)
 
MerryDay said:
There is nothing in this code that presents as an obvious repainter.
Please update us with your findings. Thanks (y)
Click to expand...
Put it up on a bunch of different charts. Definitely NOT a repainter. First chart I put it up on it looked too perfect... just a winning streak. My apologies for the false alarm!
 
@samer800 Thank you for sharing the TOS script !
I have externalized following parameters, tuning to values

NOTE: This setup still requires further testing :)
Happy to hear your feedback.

input rsiPeriod = 13;
input NetChgAvgType = AverageType.WILDERS;
input TotChgAvgType = AverageType.HULL;

See 1Y/1D chart image link below:
RSI Algo TOS

See updated script below:

Code: 
# @legalMeerkat56102
#study("RSI Algo", overlay=true)
# Converted by Sam4Cok@Samer800 - 01/2023
input alerts   = yes;
input sound    = {default "NoSound", "Ding", "Bell", "Chimes", "Ring"};
input rsiPeriod   = 14;        # "Period"
input ThresholdUp = 70;        # "Upper Threshold"
input ThresholdDn = 30;        # "Lower Threshold"
input myAlgoFlipToggle = no;     # "Imverse Algorthim"
input myLineToggle  = yes;       # "Show Lines"
input myLabelToggle = yes;       # "Show Labels"
input NetChgAvgType = AverageType.WILDERS;
input TotChgAvgType = AverageType.WILDERS;


def na = Double.NaN;
def srcDiff = close - close[1];

def NetChgAvg = MovingAverage(NetChgAvgType, srcDiff, rsiPeriod);
def TotChgAvg = MovingAverage(TotChgAvgType, AbsValue(srcDiff), rsiPeriod);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def nRSI = 50 * (ChgRatio + 1);
def myRSI = nRSI;

def crossUp = (myRSI crosses ThresholdUp);
def crossDn = (myRSI crosses ThresholdDn);
def buy =  if  myAlgoFlipToggle then (myRSI < myRSI[1]) and crossDn else
           if !myAlgoFlipToggle then (myRSI > myRSI[1]) and crossUp else buy[1];
def sell = if  myAlgoFlipToggle then (myRSI > myRSI[1]) and crossUp else
           if !myAlgoFlipToggle then (myRSI < myRSI[1]) and crossDn else sell[1];
def myPosition = if buy == 1 then 0 else if sell == 1 or myPosition[1] == 1 then 1 else 0;
def trendColor = if buy then 1 else if sell then -1 else trendColor[1];
def rsiAlgo = if buy  and myPosition[1] == 1 then low  - 0.004 else
              if sell and myPosition[1] == 0 then high + 0.004 else na;
plot RSIAlgoLine = if myLineToggle then rsiAlgo else na;
RSIAlgoLine.SetLineWeight(2);
RSIAlgoLine.EnableApproximation();
RSIAlgoLine.AssignValueColor(if trendColor[1] > 0 then Color.UPTICK else if trendColor[1] < 0 then Color.DOWNTICK else Color.GRAY);

#--- Bubbles
AddChartBubble(myLabelToggle and buy and myPosition[1] == 1, low - 0.005, "Buy", Color.GREEN, no);
AddChartBubble(myLabelToggle and sell and myPosition[1] == 0, high + 0.005, "Sell", Color.RED, yes);

#---- Alerts
Alert(alerts and buy, "Buy Trend", Alert.BAR, sound);
Alert(alerts and sell, "Sell Trend", Alert.BAR, sound);
Alert(alerts and myPosition, "Trend Change", Alert.BAR, sound);

#--- END CODE
 
Last edited by a moderator:
DeepThinker said:
@samer800 Thank you for sharing the TOS script !
I have externalized following parameters, tuning to values

NOTE: This setup still requires further testing :)
Happy to hear your feedback.

input rsiPeriod = 13;
input NetChgAvgType = AverageType.WILDERS;
input TotChgAvgType = AverageType.HULL;

See 1Y/1D chart image link below:
RSI Algo TOS

See updated script below:

Code: 
# @legalMeerkat56102
#study("RSI Algo", overlay=true)
# Converted by Sam4Cok@Samer800 - 01/2023
input alerts   = yes;
input sound    = {default "NoSound", "Ding", "Bell", "Chimes", "Ring"};
input rsiPeriod   = 14;        # "Period"
input ThresholdUp = 70;        # "Upper Threshold"
input ThresholdDn = 30;        # "Lower Threshold"
input myAlgoFlipToggle = no;     # "Imverse Algorthim"
input myLineToggle  = yes;       # "Show Lines"
input myLabelToggle = yes;       # "Show Labels"
input NetChgAvgType = AverageType.WILDERS;
input TotChgAvgType = AverageType.WILDERS;


def na = Double.NaN;
def srcDiff = close - close[1];

def NetChgAvg = MovingAverage(NetChgAvgType, srcDiff, rsiPeriod);
def TotChgAvg = MovingAverage(TotChgAvgType, AbsValue(srcDiff), rsiPeriod);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def nRSI = 50 * (ChgRatio + 1);
def myRSI = nRSI;

def crossUp = (myRSI crosses ThresholdUp);
def crossDn = (myRSI crosses ThresholdDn);
def buy =  if  myAlgoFlipToggle then (myRSI < myRSI[1]) and crossDn else
           if !myAlgoFlipToggle then (myRSI > myRSI[1]) and crossUp else buy[1];
def sell = if  myAlgoFlipToggle then (myRSI > myRSI[1]) and crossUp else
           if !myAlgoFlipToggle then (myRSI < myRSI[1]) and crossDn else sell[1];
def myPosition = if buy == 1 then 0 else if sell == 1 or myPosition[1] == 1 then 1 else 0;
def trendColor = if buy then 1 else if sell then -1 else trendColor[1];
def rsiAlgo = if buy  and myPosition[1] == 1 then low  - 0.004 else
              if sell and myPosition[1] == 0 then high + 0.004 else na;
plot RSIAlgoLine = if myLineToggle then rsiAlgo else na;
RSIAlgoLine.SetLineWeight(2);
RSIAlgoLine.EnableApproximation();
RSIAlgoLine.AssignValueColor(if trendColor[1] > 0 then Color.UPTICK else if trendColor[1] < 0 then Color.DOWNTICK else Color.GRAY);

#--- Bubbles
AddChartBubble(myLabelToggle and buy and myPosition[1] == 1, low - 0.005, "Buy", Color.GREEN, no);
AddChartBubble(myLabelToggle and sell and myPosition[1] == 0, high + 0.005, "Sell", Color.RED, yes);

#---- Alerts
Alert(alerts and buy, "Buy Trend", Alert.BAR, sound);
Alert(alerts and sell, "Sell Trend", Alert.BAR, sound);
Alert(alerts and myPosition, "Trend Change", Alert.BAR, sound);

#--- END CODE
Click to expand...
Do you have the link to your RSI ALGO Chart with the squeeze and the Momentum indicator
 
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