RSI Price level

[NathanJames]

Hello Expert,

Pardon my newbie question, is there anyway the RSI which displayed as a line graph (scale of zero to 100) can be display as a price line?


Nathan

#
# TD Ameritrade IP Company, Inc. (c) 2015-2024
#

declare lower;

input emaLength = 6;
input rsiLength = 14;
input over_bought = 80;
input over_sold = 20;

def ema = ExpAverage(close, emaLength);
def netChgAvg = WildersAverage(close - ema, rsiLength);
def totChgAvg = WildersAverage(AbsValue(close - ema), rsiLength);
def chgRatio = if totChgAvg != 0 then netChgAvg / totChgAvg else 0;

plot SlowRSI = 50 * (chgRatio + 1);
plot OverBought = over_bought;
plot MiddleLine = 50;
plot OverSold = over_sold;

SlowRSI.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(5));
MiddleLine.SetDefaultColor(GetColor(5));
MiddleLine.SetStyle(Curve.LONG_DASH);
OverSold.SetDefaultColor(GetColor(5));

 

[halcyonguy]

Hello Expert,

Pardon my newbie question, is there anyway the RSI which displayed as a line graph (scale of zero to 100) can be display as a price line?


Nathan

#
# TD Ameritrade IP Company, Inc. (c) 2015-2024
#

declare lower;

input emaLength = 6;
input rsiLength = 14;
input over_bought = 80;
input over_sold = 20;

def ema = ExpAverage(close, emaLength);
def netChgAvg = WildersAverage(close - ema, rsiLength);
def totChgAvg = WildersAverage(AbsValue(close - ema), rsiLength);
def chgRatio = if totChgAvg != 0 then netChgAvg / totChgAvg else 0;

plot SlowRSI = 50 * (chgRatio + 1);
plot OverBought = over_bought;
plot MiddleLine = 50;
plot OverSold = over_sold;

SlowRSI.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(5));
MiddleLine.SetDefaultColor(GetColor(5));
MiddleLine.SetStyle(Curve.LONG_DASH);
OverSold.SetDefaultColor(GetColor(5));

maybe? no idea what you want.
'price line' can mean many different thing

what do you want to see ?
where do you want to see it?

 

[NathanJames]

@halcyonguy Thanks for the quick reply. if you look the attached picture below, you can tell the percentage level of the RSI on the right side, instead of the % number can those be replaced with price numbers? 

Thank you again,
Nathan