|| RSISelfAdjusted (Standard Deviation)
Based on David Sepiashvili's ideas
in "The Self-Adjusting RSI" article in the February 2006 issue
of Technical Analysis of STOCKS & COMMODITIES magazine, it
is become easy to create a trading strategy in Tradecision
to generate buy/sell signals based on the RSI with self-adjusted
In the Function Builder we
need to write a new function (you can download it using the
button below) which returns 1 in case when RSI is above the
overbought benchmark; returns -1 if RSI is under the oversold
benchmark and 0 in all other cases.
After importing the function in the Function Builder, can create a new strategy in the Strategy Builder.
return CrossAbove(RSISelfAdjusted(C,10), -1);
return CrossBelow(RSISelfAdjusted(C,10), 1);
Download to import into Tradecision.
How to use this indicator in Tradecision:
The indicator will be added to the Custom Indicators list.
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.