I am trying to build an RSI composite model. I want to use three different look backs, say 5, 10 and 20. Then if all three are > 70 return +3 and if all three are less than 30 return -3…and all combos in between. What is the best way to script this?
Hey Dan,
Try this in a Show View or Watchlist column:
//Set the RSI conditions; R1 = RSI(BARS=5)>70; R2 = RSI(BARS=10)>70; R3 = RSI(BARS=20)>70; R4 = RSI(BARS=5)<30; R5 = RSI(BARS=10)<30; R6 = RSI(BARS=20)<30; //Sum the values, multiplying the < 30 by -1; R1+R2+R3+(R4*-1)+(R5*-1)+(R6*-1)
Workbook attached.
RSI-Composite.owb (45.8 KB)