Upper Dots RVI Alerts

[Chuck]

This is a great study, works great on tick charts, but has graphic errors on regular time frames. Maybe one of you guys can easily fix this. Any help would be appreciated.

declare upper;

input ArrowLimit = 124;

input length = 14;
input ob  = 80;
input ob2 = 0;
input os = 20;
input os2 = 0;

def highPrice = StDev(high, 10);
def lowPrice = StDev(low, 10);

def highAvgUp = ExpAverage(if high > high[1] then highPrice else 0, length);
def highAvgDown = ExpAverage(if high < high[1] then highPrice else 0, length);

def lowAvgUp = ExpAverage(if low > low[1] then lowPrice else 0, length);
def lowAvgDown = ExpAverage(if low < low[1] then lowPrice else 0, length);

def highRVI = 100 - 100 / (1 + highAvgUp / highAvgDown);
def lowRVI = 100 - 100 / (1 + lowAvgUp / lowAvgDown);

plot RVI = (highRVI + lowRVI) / 2;
plot OverBought = ob;
plot OverBoughtmore = ob2;
plot OverSold = os;
plot OverSoldmore = os2;

RVI.DefineColor("OverBought", GetColor(5));
RVI.DefineColor("Normal", GetColor(7));
RVI.DefineColor("OverSold", GetColor(1));
RVI.AssignValueColor(if RVI > OverBought then RVI.Color("OverBought") else if RVI < OverSold then RVI.Color("OverSold") else RVI.Color("Normal"));

OverBought.SetDefaultColor(CreateColor(175, 5, 25));
OverSold.SetDefaultColor(CreateColor(5, 175, 25));

input over_bought = 80.0;
input over_sold = 20.0;
input percentDLength = 3;
input percentKLength = 14;
input AudibleAlert = yes;



def min_low = Lowest(low, percentKLength);
def max_high = Highest(high, percentKLength);
def rel_diff = close - (max_high + min_low) / 2;
def diff = max_high - min_low;
def avgrel = Average(Average(rel_diff, percentDLength), percentDLength);
def avgdiff = Average(Average(diff, percentDLength), percentDLength);
def SMIData = (avgrel / (avgdiff / 2) + 1) * 50;

def isLow = If (SMIData < SMIData[-1] and SMIData < SMIData[1], 1, 0);
def isHigh =   If (SMIData > SMIData[-1] and SMIData > SMIData[1], 1, 0);

rec prevLowSMI = CompoundValue(1, If(isLow[1], SMIData[1], prevLowSMI[1]), 0);
rec prevHighSMI = CompoundValue(1, If(isHigh[1], SMIData[1], prevHighSMI[1]), 0);

rec prevLow =  CompoundValue(1, If(isLow[1], low, prevLow[1]), low);
rec prevHigh =  CompoundValue(1, If(isHigh[1], high, prevHigh[1]), high);

def barlimit = If(IsNaN(open[-ArrowLimit]) && !IsNaN(open), yes, no);

def positiveDivergenceReg = If (SMIData > prevLowSMI and low < prevLow, 1, 0);
def positiveDivergenceHid = If (SMIData < prevLowSMI and low > prevLow, 1, 0);

plot posDiv = If(barlimit and isLow and (positiveDivergenceReg or positiveDivergenceHid), low, Double.NaN);
posDiv.AssignValueColor(if positiveDivergenceReg then Color.GREEN else Color.GREEN);
posDiv.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
posDiv.SetLineWeight(2);


def negativeDivergenceReg =  If (SMIData < prevHighSMI and high > prevHigh, 1, 0);
def negativeDivergenceHid = If (SMIData > prevHighSMI and high < prevHigh, 1, 0);

plot negDiv = If(barlimit and isHigh and ( negativeDivergenceReg or negativeDivergenceHid), high, Double.NaN);
negDiv.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
negDiv.AssignValueColor(if negativeDivergenceReg then Color.RED else Color.LIGHT_RED);
negDiv.SetLineWeight(2);



plot AvgSMI = Average(SMIData, percentDLength);
AvgSMI.SetDefaultColor(Color.GRAY);


plot SMI = SMIData;
SMI.AssignValueColor(if SMI > SMI[1] then Color.BLUE else Color.RED);
SMI.SetLineWeight(2);


plot highdots = if RVI >= over_bought then high else Double.NaN;
plot lowdots = if RVI <= over_sold then low else Double.NaN;
highdots.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
highdots.SetDefaultColor(Color.RED);
highdots.SetLineWeight(1);
lowdots.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
lowdots.SetDefaultColor(Color.GREEN);
lowdots.SetLineWeight(1);

# Sound alerts

Alert(AudibleAlert and posDiv[1], "Pressure Bullish", Alert.BAR, Sound.Chimes);
Alert(AudibleAlert and negDiv[1], "Pressure Bearish", Alert.BAR, Sound.Bell);

 

[generic]

@Chuck What's the issue with regular time frame?

 

[Chuck]

@Chuck What's the issue with regular time frame?

Lines go all over the screen on my system. Verticals ...slightly angled lines everywhere. When I use it on a 512 tick chart it works great. 2 min day chart or 5,10 etc.... lines everywhere. It may be some stupid error on my part... I can’t figure it out.

 

[generic]

@Chuck Must be something else since it's working great on mine. Also, looks like a good indicator on 1 min so thanks for the indicator. Cheers.

 

[mashume]

Lines go all over the screen on my system. Verticals ...slightly angled lines everywhere. When I use it on a 512 tick chart it works great. 2 min day chart or 5,10 etc.... lines everywhere. It may be some stupid error on my part... I can’t figure it out.

Check that you have "Fit studies" selected on the vertical (price) axis. You can set it to the Left Axis as well, if crossovers with price are unimportant.

happy trading
-mashume