STARC Bands on RSI For ThinkOrSwim

[hashy]

I'm having trouble creating a "STARC Bands ON RSI" indicator and was hoping maybe someone will be willing to help. Instead of having STARC Bands (default ToS study) up on price, I want it combined with RSI on a lower study.

 

[SleepyZ]

I'm having trouble creating a "STARC Bands ON RSI" indicator and was hoping maybe someone will be willing to help. Instead of having STARC Bands (default ToS study) up on price, I want it combined with RSI on a lower study. I've tried various things to no avail, such as modifying Mobius' Bollinger Bands on RSI scrip (below). I found a TradingView version (also below), but I'm not good enough to convert it (I have tried and tried, but can't get it right). ANY help is greatly appreciated.

Mobius RSI with Standard Dev bands

# Mobius©: # RSI with Standard Deviation bands

declare lower;

# Inputs:

input Price = Close;

input RSIPeriod = 14;

input BBLength = 50;

input SD = 2.1;

 

# vars:

plot UpperBand;

plot LowerBand;

plot PctBrsia;

plot rsia;

rsia = reference RSI(length = RSIPeriod, Price = Price);

UpperBand = reference BollingerBands(price = rsia,

displace = 0,

length = BBLength,

Num_Dev_Dn = -SD,

Num_Dev_up = SD).UpperBand;

LowerBand = reference BollingerBands(price = rsia,

displace = 0,

length = BBLength,

Num_Dev_Dn = -SD,

Num_Dev_up = SD).LowerBand;

PctBrsia = (rsia - LowerBand) / (UpperBand - LowerBand);

plot Plot1 = PctBrsia;

plot Plot2 = 0;

plot Plot3 = 1;

#09:32 Mobius©: you can get rid of the Plot2 and Plot3 and put the PctBrsia into a label.

TradingView script: https://www.tradingview.com/script/7h99DbXp-Volatitity-Bands-STARC-on-RSI-for-reversal-warning-beta/

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © dep0tyoxxx

//@version=4
study("STARC on RSI",overlay = false) //Volatilty bands, modified for RSI by Constance Brown, formualrs according to
                                      //the book "Technical Analysis for the Trading Professional", 2nd edition, by Constance Brown; slightl modified; see below.
fctup = input (defval=2.3, type=input.float,title="factorUp", step=0.1)
fctdwn = input (defval=2.1, type=input.float,title="factorDown", step=0.1 )
float trRSI = abs(rsi(close,14)-rsi(close[1],14))   // In the original here an atr with 3times rsi,14 is mentioned, instead of high, low and close[-1]
float atrRSI = sma(trRSI,15)                        //The idea to create high, low and close for RSI with intraday doesnt work,
                                                   //because the length of the rsi refers to the new horizon then and differs from Daily RSI.
float Rup = sma(rsi(close,14),6)+(fctup*atrRSI)
float Rdwn = sma(rsi(close,14),6)-(fctdwn*atrRSI)
float Rrsi = rsi(close,14)

float alert = na
float alertup = na
float alertdwn = na
alertup:= crossover(Rrsi,Rup)?Rrsi:na
float countu =0
countu:=alertup>0?0:countu[1]+1
alertdwn:= crossunder(Rrsi,Rdwn)?Rrsi:na
float countd = 0
countd:=alertdwn>0?0:countd[1]+1
plot (Rup,color=color.lime)
plot (Rdwn,color=color.fuchsia)
plot (Rrsi,color=color.aqua)
//plotchar(alertup, location=location.absolute,size=size.tiny,color=color.green)
//plotchar(alertdwn, location=location.absolute,size=size.tiny,color=color.red)

float pivrup=pivothigh(Rup,5,1)
float pivrdwn=pivotlow(Rdwn,5,1)
float revup =na//means reversal from up; new direction:down
float revdwn =na
revup:=Rup[1]==pivrup?Rup[1]:na
revdwn:=Rdwn[1]==pivrdwn?Rdwn[1]:na
//plotchar(revup, location=location.absolute,size=size.tiny,color=color.purple,offset=-1)

float trigru =na
trigru:=revup>0 and countu<15 and (Rrsi*0.98)<Rup?Rup:na
plotshape(trigru, style=shape.triangledown,location=location.absolute,size=size.tiny,color=color.orange,offset=-1)

float trigrdn =na
trigrdn:=revdwn>0 and countd<15 and (Rrsi*0.98)>Rdwn?Rdwn:na
plotshape(trigrdn, style=shape.triangleup,location=location.absolute, size=size.tiny,color=color.green,offset=-1)

See if this helps. It may or may not be correct or useful as I have no basis to test it against.

The main problem in the code you provided from TradingView was with the ATR portion of the code as I did also. I used a different method than in that code by the use of the definitions of h, l, and c;

Higher agg charts seem to be more interesting.

#
# TD Ameritrade IP Company, Inc. (c) 2007-2022
#
declare lower;
declare weak_volume_dependency;

def h = reference rsi(price=high);
def l = reference rsi(price=low);
def c = reference rsi(price=close);

input ATR_length = 15;
input SMA_length = 6;
input displace = 0;
input multiplier_factor = 2.0;

def val = Average(c, sma_length);

def average_true_range = Average(TrueRange(h, c, l), length = atr_length);

plot rsi = reference rsi();
rsi.setdefaultColor(color.white);
rsi.setpaintingStrategy(paintingStrategy.LINE_VS_TRIANGLES);

plot Upper_Band = val[-displace] + multiplier_factor * average_true_range[-displace];
Upper_Band.SetDefaultColor(GetColor(0));

plot Middle_Band = val[-displace];
Middle_Band.SetDefaultColor(GetColor(1));

plot Lower_Band = val[-displace] - multiplier_factor * average_true_range[-displace];
Lower_Band.SetDefaultColor(GetColor(0));

 

[hashy]

See if this helps. It may or may not be correct or useful as I have no basis to test it against.

The main problem in the code you provided from TradingView was with the ATR portion of the code as I did also. I used a different method than in that code by the use of the definitions of h, l, and c;

Higher agg charts seem to be more interesting.

I really really appreciate the help! Thank you so much