RSI Format, Label, Watchlist, Scan For ThinkOrSwim

[Azzy19]

Hi, I'm struggling to find and create an alert for RSI crossing 30 (Oversold), and 70(Overbought). Is their a way to set an alert for a security when it's RSI behaves like this?

Thanks!

 

[TradeUp]

Can anyone create an indicator that chimes an alert when RSI becomes oversold or overbought? I would appreciate it.

 

[BenTen]

Check out the tutorial in this post by @theelderwand

 

[TradeUp]

Thank you Ben! I'll check it out.

 

[theelderwand]

@TradeUp You can do cool things with TOS. You can automatically setup a scan and make it into a watchlist an get alerts when symbols come in or go out of the list as well. Let me know if you are interested, I can share it out.

 

[Steve2286]

Hi does anyone know how to add a watchlist column to ThinkorSwim that just show the current RSI value on a 5 min chart?

# RSI Watchlist Column
# Mobius

def c = if isNaN(close) then c[1] else close;
def NetChgAvg = Average(c - c[1], 14);
def TotChgAvg = Average(AbsValue(c - c[1]), 14);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
plot RSI = 50 * (ChgRatio + 1);

 

[BenTen]

@Steve2286 That's already built into ToS. You just have to add it to your watchlist. By default it will show RSI on the daily chart. Be sure to change it if you can to use other timeframe.

 

[Steve2286]

Thanks Ben How do I change timeframe It won't let me edit the formula?
tks

 

[BenTen]

@Steve2286 I see. You can add a new Custom Quote, add a new condition > pick RSI as value and then select your timeframe.

 

[Steve2286]

Thanks Appreciate it

 

[Miket]

Does anyone have a RSI badge that you could put in your chart? thx

 

[BenTen]

Give this a try:

def rsi = RSIWilder("over bought" = 95, "over sold" = 5, price = close(period = AggregationPeriod.FOUR_DAYS));
AddLabel(yes, rsi, if rsi >= 95 or rsi <= 5 then Color.RED else Color.WHITE);

Source

 

[Miket]

Just a small black box. not sure how to fix it

# beginning of code ———————- –
# current ADX as a label at top of the chart
#
# Label color changes according to value of ADX:
# . Green if >25
# . Gray if 20 to 25
# . Red if < 20
# . Red if < 20 # input length = 14; plot currentADX = ADX(length); currentADX.hide();
input length = 14;
plot currentADX = ADX(length);
currentADX.hide();
DefineGlobalColor(“ADXHigh”, CreateColor(50, 205, 50));

DefineGlobalColor(“ADXLow”, Color.RED);
DefineGlobalColor(“ADXMid”, Color.GRAY);
AddLabel (yes, (Concat(“ADX = “, Round(currentADX,1))),if currentADX > 25 then GlobalColor(“ADXHigh”) else if currentADX < 20 then GlobalColor("ADXLow") else GlobalColor("ADXMid")); # end of code ——————————-

 

[BenTen]

Works fine for me.

 

[Miket]

I tried converting this this adx badge to rsi and failed. not sure if this would help

 

[BenTen]

That code you sent is ADX. Your original question is for RSI.

 

[horserider]

# SimpleMovingAvg RSI label by Horsrider 10/10/2019

input length = 14;
input over_Bought = 70;
input over_Sold = 30;
input price = close;
input averageType = AverageType.WILDERS;

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);

AddLabel(yes, rsi, if rsi >= over_Bought  or rsi <= over_Sold then Color.RED else Color.GREEN);

 

[Branch]

I would like to have a label (AddLabel) that tells me that the RSI trending higher or lower based on the close. Something like an if statement.
If the OHLC4 RSI percentage is higher than the previous RSI percentage on the the OHLC4 close then"Higher" the label will show Higher and the color I want to be green. Note: I can handle the color part, I just need help with this if statement.

How can I get that thought in ThinkScript?

 

[tomsk]

@Branch Here is a simple label that compares two RSI values and displays whether the RSI is RISING or FALLING over n periods
I have color coded the label green, pink, and yellow

input n = 21;
def RSI_ = RSI(14, 70, 30, close, AverageType.WILDERS);
def RSIUP = RSI_ > RSI_[n];
def RSIDN = RSI_ < RSI_[n];
addlabel(1, "RSI : " + Round(RSI_,2) + (if RSIUP then " RISING [" + n + " BARS]"
                                        else if RSIDN then " FALLING [" + n + " BARS]"
                                        else " NEUTRAL"),
if RSIUP then Color.GREEN else if RSIDN then Color.PINK else Color.YELLOW);

 

[Branch]

@tomsk - Perfect! Thanks for the code; this is what I was looking for. This is wonderful, I am going to put it to work this week.